METHOD & TERMS All 5 tracts will be surveyed. Tracts 1 – 4 will sell by the acre, based on the surveyed acres; Tract 5 will sell for a lump sum, total dollar amount. Tracts 1 – 4 will be offered through the marketing method of “Buyers Choice”, whereas the high bidder can purchase (in any order) any or all 4 tracts for their high bid. “Buyers Choice” auctioning will continue until all 4 tracts have been elected. We will then sell Tract 5. The tracts will NOT be offered together or in any combinations at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before December 29, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer to pay the 2023 and all subsequent taxes. Possession on Tracts 1 – 4 will be given at the time of closing subject to any remaining 2022 unharvested crop (These 4 tracts sell free and clear of tenancy for 2023 and beyond). Possession on Tract 5 will be given at closing, however, use of the buildings and grain bins are being reserved until April 1, 2023. There are no agreements in place, and no representations are made, that any pivot irrigation will continue to swing over or provide coverage to any adjoining property or that any pivot irrigation will be permitted to swing over any adjoining property. Any such agreements will be up to the buyers/owners to work out and agree upon after the closing. Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate and improvements are being sold “As Is”. LOCATION & GENERAL INFORMATION The Meyer Family farm is located approximately 5 miles northwest of Beardstown, IL, or 9 miles south of Rushville, IL, or 30 miles northwest of Jacksonville, IL. (From the junction of Highways 67 and 103, take 103 west 3½ miles to Downing Rd, then ½ mile south). The property is located in part of Sections 4 & 5 of South Bainbridge Township, and Sections 32 & 33 in North Bainbridge Township, all in Schuyler County, IL. The farm contains a total of 790 acres± (subject to survey) and will be sold in 5 tracts. Tracts 1 – 4 are nearly all-tillable, productive IL River bottomland, located in Crane Creek Drainage District with center pivot irrigation. Tract 5 is improved with grain storage and storage sheds. Farmers and investors, The Meyer real estate offers a tremendous opportunity to purchase nearly 800 contiguous acres of productive Illinois River bottomland.
TRACT 1
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