AUCTION TERMS: Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates, Inc 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 maps, dimensions, and acreage figures are approximate or �more or less�. Any announcements made auction day by Richard A. Olson & Associates, Inc will take precedence over any previous printed materials or oral statements. Agency: Richard A. Olson & Associates, Inc and its representatives are acting as Agents of the Seller. Farm Lease: The farm lease is open for 2024. The Seller retains Landlord�s share of the 2023 crops and shall pay Landlord�s share of the 2023 crop expenses. Taxes: 2023 Real Estate Taxes (due in 2024) will be credited to the Buyer(s) at closing. All future taxes 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 Richard A. Olson & Associates, Inc. Survey: The Seller shall provide a new survey. The type of survey performed shall be at the Seller�s option & sufficient for providing title insurance. Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller�s real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing. Earnest Payment: The successful bidder(s) will be required to deposit $75,000 earnest money to be held by Seller�s Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier�s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Closing: The sale closing is on February 13, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent. Possession: Possession will be granted on closing date or upon removal of the 2023 crops, whichever is later. Sale Method: The real estate will be offered on a per acre basis for 103.73 mol acres (final acre total subject to survey). Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates, Inc and Seller. Internet Bidding is available. All decisions of the Auctioneer are final. Approval of Bids: Final sale is subject to the Seller�s approval or rejection.

Farm Land Auction

Saturday, January 13, 2024 @ 10:00 AM

106 ACRES m.o.l. – 130 PI – ONE TRACT
SEC 11 – GREENFIELD TWP – GRUNDY COUNTY, IL

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Seller: Estate of Elaine G. Joyce

Auction Location: American Legion, 426 Industry Ave, Gardner, IL 60424

Farm Location: South Wilmington, IL
Directions: Located on the north edge of South Wilmington, IL with road access out to 8th Ave in the NW corner of the farm and several out to Oak St along the southern border.

 

LIVE AND ONLINE BIDDING AVAILABLE AT WWW.RICHARDAOLSON.HIBID.COM.

Farm Information:
106 Acres m.o.l. across two PINs.
To be offered as ONE TRACT.
Approximately 60 Acres within Village limits.

FSA-156 Report:
Farm 3411
Tract 3559
Farmland = 107.58 Acres
Cropland = 107.58 Acres
CRP Cropland = 2.80 Acres
CRP Contract = $906/year to expire 09-30-2025
Corn PLC Yield = 157
Soybeans PLC Yield = 48

Soil Map Information:
Overall Crop Productivity Rating = 130.5.
Farm slope = 0 to 2 percent
– 594A – Reddick Clay Loam – 87% of Property – 130 PI
– 293A – Andres Silt Loam – 13% of Property – 135 PI

Topography Source: USGS:
Min: 579’. Max: 585’. Range: 6’. Farm slopes to the East.
There are NO buildings and NO wind turbines on this farm.

Grundy County Tax Info:
PIN: 12-11-326-001 (West). 2022 Taxes: $2,478.88. Legal Description: SW1/4 (EX VILLAGE OF SO WILM) SEC 11-31-8. 60.16 Acres on Tax Bill.

PIN: 12-11-401-005 (East). 2022 Taxes: $1,543.38. Legal Description: PT W1/2 SE – BEG 697.95’N SW COR SE, E40′ N295.75′ E1274.73′, N TO N LN SE, W TO W LN SE, S TO A PT 1583.7’N SW COR, E569.62′ S508′ W133.26′ SW139.69′ W303.36′, S TO POB SEC 11-31-8. 43.57 Acres on Tax Bill.

Total = 2022 Taxes: $4,022.26. Total = 103.73 Acres on Tax Bill.

AUCTION TERMS:
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates, Inc 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 maps, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by Richard A. Olson & Associates, Inc will take precedence over any previous printed materials or oral statements.

Agency: Richard A. Olson & Associates, Inc and its representatives are acting as Agents of the Seller.

Farm Lease: The farm lease is open for 2024. The Seller retains Landlord’s share of the 2023 crops and shall pay Landlord’s share of the 2023 crop expenses.

Taxes: 2023 Real Estate Taxes (due in 2024) will be credited to the Buyer(s) at closing. All future taxes 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 Richard A. Olson & Associates, Inc.

Survey: The Seller shall provide a new survey. The type of survey performed shall be at the Seller’s option & sufficient for providing title insurance.

Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller’s real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing.

Earnest Payment: The successful bidder(s) will be required to deposit $75,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The down payment may be made in the form of cashier’s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

Closing: The sale closing is on February 13, 2024. The balance of the purchase price must be paid by wire transfer to account of settlement agent.

Possession: Possession will be granted on closing date or upon removal of the 2023 crops, whichever is later.

Sale Method: The real estate will be offered on a per acre basis for 106.186 surveyed acres. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates, Inc and Seller. Internet Bidding is available. All decisions of the Auctioneer are final.

Approval of Bids: Final sale is subject to the Seller’s approval or rejection.

Sellers’ Attorney: Don Black, Black & Black Lawyers, 201 Liberty St #211, Morris, IL 60450, (815) 942-0594.

Seller: Estate of Elaine G. Joyce

Auction conducted by Richard A. Olson & Associates, Inc.
Auctioneers:
Dick Olson – IL License #440.000585
Erik Olson – IL License #441.001909
531 Bedford Rd, Morris, IL 60450
(815) 942-4266
www.richardaolson.com