LAND AUCTION Serving America s Landowners Since 1929 A-18832 753.39 +/- acres Pulaski County, Illinois Thursday, March 29, 2012 6:00 PM CST At the Shawnee Community College 8364 Shawnee College Road Ullin, Illinois OFFERED IN SEVEN INDIVIDUAL TRACTS Property Showings Friday, March 16, 2012-4:00-6:00PM CST Saturday, March 17, 2012-9:00-11:00 AM CST Meet at Tract 5 Building Site - Corner of Perks Road and Long Beach Road, Perks, Illinois www.farmersnational.com For additional information, please contact: Brian Neville, AFM Danville, Illinois Office: (217) 442-8003 ext 2 Cell: (217) 304-4317 BNeville@FarmersNational.com 2% Buyer Premium Norm Willoughby License Number: 440.000001 Real Estate Sales Auctions Farm and Ranch Management Appraisals Insurance Consultations Oil and Gas Management Lake Management National Hunting Leases
PROPERTY INFORMATION Property Location: Farm is located on the outskirts of Perks, Illinois - west, east, north, and south of town. Legal Description: Tract 1 - Section 3, Township 14S, Range 1E Tract 2 and 3 - Section 9, Township 14S, Range 1E Tract 4 - Section 10, Township 14S, Range 1E Tract 5, 6, and 7 - Section 11, Township 14S, Range 1E Property Description: Tract 1-40+/- acres, mostly tillable, good productive soils, and located on the north edge of Perks, Illinois. Tract 2 and 3-219.39+/- acres, mostly tillable, good productive soils, road frontage along Perks Road, located west of Perks, Illinois. Tract 4-87+/- acres, mostly tillable, good productive soils, improvements - house, road frontage along Perks Road, located west of Perks, Illinois. Tracts 5, 6, 7-407+/- acres, mostly tillable, good productive soils, improvements on tract 5 - six grain bins, machine shed, and crib. Road frontage on tracts 5 and 7 along Perks Road and on tracts 5 and 6 Long Beach Road, located east and south of Perks, Illinois. Tract 5, 6, 7 $2,930.84 or $7.20 per acre FSA Information: Tract 1 Base Yield Wheat 8.6 acres 37 bushels Corn 8.5 acres 91 bushels Grain Sorghum 1.1 acres 70 bushels Tracts 2, 3, 4 Base Yield Wheat 73.6 acres 37 bushels Corn 72.2 acres 91 bushels Grain Sorghum 9.5 acres 70 bushels Tracts 5, 6, 7 Base Yield Wheat 91.6 acres 37 bushels Corn 89.6 acres 91 bushels Grain Sorghum 11.8 acres 70 bushels Improvements: Six grain bins - approximately 27,500 bushels of storage, 108 x 60 machine shed, crib, and house. Farm Data Tract 1 Cropland Tracts 2, 3, 4 Cropland Tracts 5, 6, 7 Cropland Taxes: Tract 1 Tracts 2 and 3 Tract 4 38.4 acres 340.6 acres 417.8 acres $280.84 or $7.02 per acre $1,352.90 or $6.17 per acre $362.18 or $4.16 per acre
Aerial Photo Topography Map
Tract 1 Soil Map Tract 2 Soil Map Tract 3 Soil Map
Tract 4 Soil Map Tract 5 Soil Map Tract 6 Soil Map
Property Location Map Tract 7 Soil Map
AUCTION TERMS Buyer Premium: A 2% Buyer Premium will be added to the final bid price and included in the total real estate contract price that is due and payable from the Buyer(s). Earnest Payment: A 10 % earnest money payment is required on the day of the auction. The payment may be in the form of cash, cashier s check, personal check, or company check. All funds will be deposited and held by Farmers National Company in their trust account. Deed: Seller will provide a Warranty Deed. Minerals: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). Taxes: Real estate taxes for 2011 payable in 2012 will be paid by the Seller. All future taxes including Drainage Tax will be the responsibility of the Buyer(s). Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied, by the Seller or Farmers National Company. Inspection dates have been scheduled and will be attended by Lead Real Estate agent. Seller disclaims any and all responsibility for Bidder s safety during a physical inspection of property. No one party shall be deemed an invitee of the subject property by virtue of the offering of the property being offered for sale. Possession: Seller gives the Buyer (s) the Right to perform field work after accepted Offer and Earnest money. In the event Buyer(s) cannot bring this sale to close, Buyer(s) shall forfeit all cropping expenses incurred. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate contract and deposit with Farmers National Company the required earnest payment. The Seller will provide an owner s policy of title insurance in the amount of the contract price. The cost of escrow closing services will be shared equally by Seller and Buyer(s). Sale is not contingent upon Buyer(s) financing. Closing: The sale closing is on or before April 26, 2012. The balance of the purchase price will be payable at closing in cash, guaranteed funds, or by wire transfer at the discretion of the Farmers National Company or Seller confirmed Title Company. Survey: At the Seller s option, the Seller shall provide a property survey sufficient to provide good title where there is not an existing legal or where new boundaries are created. The Seller and Buyer(s) will each pay one-half of the survey cost. Final contract prices will be adjusted to reflect any difference between the advertised and actual surveyed acres. Sale Method: The real estate will be offered in seven individual tracts, in any combination, or as a total unit. Bids on the tracts, combinations, and the total unit will compete. All bids are open for advancement until the Auctioneer announces that the real estate is sold or that the bidding is closed. The real estate will sell in the manner resulting in the highest total price. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of the Auction Company and Seller. All decisions of the Auctioneer are final. Approval of Bids: Final sale is subject to the Seller s approval or rejection. Agency: Farmers National Company and its representatives and Auctioneer Norm Willoughby, are acting as Agents of the Seller. Announcements: Information provided herein was obtained from sources deemed reliable, but neither the Auction Company nor the Seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures are approximate or more or less. Any announcements made auction day by the Auctioneer and Farmers National Company will take precedence over any previous printed materials or oral statements. The Farmers National Company and Seller reserve the right to preclude any person from bidding if there is any question as to the person s credentials or fitness to bid. Seller: Charles & Evelyn Schneider Heirs
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