LOCATION & GENERAL INFORMATION All of the Elder farms are located in close proximity to Sullivan, IL. Tracts 1 - 4 are located at the south edge of Sullivan, IL and is further described as being in Section 11, T13N•R5E, South Part Sullivan Township. from the Jct. of hwy. 121 & hwy. 32, go south on hwy. 32 approx. 1 1 ⁄ 4 miles. Tracts 5 & 6 are located near the southwest edge of Sullivan, IL and are further described as being in Section 2, T13N•R5E, South Part Sullivan Township. from the Jct. of hwy. 121 & hwy. 32, take hwy. 121 west 1 ⁄ 2 mile to Market Street, then left or south 1 ⁄ 4 mile. Tracts 7 & 8 are located approx. 5 miles northwest of Sullivan, IL and are further described as being in Section 36, T14N•R4E, Marrowbone Township. from the Jct. of hwy. 121 & hwy. 32, take hwy. 121 west approx. 5 miles to CR 1475N, then left or south approx. 1 ⁄ 2 mile. Please note: Tract 8 is located a short distance south and west of Tract 7 and currently has no access. Tract 9 is located west of Sullivan, IL on hwy. 121 approx. 1 1 ⁄ 4 miles to hwy. 32, then north 3 1 ⁄ 2 miles to CR 1750, then left or west 1 ⁄ 2 mile, then right or north 1 ⁄ 4 mile, then left or west 1 mile. Tract 9 is further described as being in Sections 17, 19 & 20, T14N•R5E, North Part Sullivan Township. Tract 10 is located west of Sullivan, IL on hwy. 121 approx. 1 1 ⁄ 4 miles to hwy. 32, then right or north approx. 5 miles and is further described as being in Sections 3, 4 & 9, T14-15N•R5E, South Part Lovington Township. watch closely for directional & tract signs posted on each tract. METHOD & TERMS Tracts 1, 2, 5, 7, 8, 9 & 10 will sell on a price per acre basis, based on the advertised acres. Tracts 3, 4 & 6 will sell for a “lump sum” total dollar amount. Tracts will sell in numerical order as listed and will NoT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to enter into a written offer to purchase and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing. The closing will be in approx. 30 days, on or before december 21, 2017. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be paid by the seller. The 2018 real estate taxes & subsequent years will be paid by the buyers. Some of the tracts sell subject to tenants rights for the 2018 crop year and other tracts sell free and clear. (Information pertaining to these tracts contained herein this brochure.) bidding is not contingent upon financing; all buyers must do their due diligence. This is a court ordered sale and sells subject to the court’s approval. Prospective buyers may view the tracts at their convenience; although, please be respectful to the current tenants and their farming rights. 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, etc. are approximate. buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”. Additional information and soil maps online at www.Sull ivanAuctioneers.com
PLEASE NOTE: At the conclusion of the Elder Land Auction, we will have a separate auction of all oil, gas, or other fugacious minerals in and under the following described real estate: 315.4 acres that lie in Section 31, T14N•R5E, South Part Sullivan Twp. and Sections 35 & 36, T14N•R4E, Marrowbone Twp., all in Moultrie County IL. ATTENTION: NoNE of ThE AbovE dESCRIbEd 315.4 ACRES INvoLvEd IN ThE oIL & gAS AuCTIoN IS PART of ThE 863.73 ACRES whICh wE ARE SELLINg. For additional information, contact the auction manager: KEVIN HAAS (309) 264-7767
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