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 all cash rent for 2023. Tenant retains all 2023 crops. 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 $50,000 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 March 4, 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 63.79 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 27, 2024 @ 10:00 AM

63.79 ACRES m.o.l. – 142 PI – ONE TRACT
SEC 18 – SARATOGA TWP – GRUNDY COUNTY, IL

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Seller: Dean Family Trust

Auction Location: Jennifer’s Garden, 555 Gore Rd, Morris, IL 60450

Farm Location: 3 miles northwest of Morris at the corner of Lisbon/Airport Roads.
Directions: From the Morris Municipal Airport in Morris, head West 2.5 miles. Farm located on the southeast corner of Lisbon and Airport Roads.

 

LIVE AND ONLINE BIDDING AVAILABLE @ RICHARDAOLSON.HIBID.COM. 

Farm Information:
63.79 Acres m.o.l.
PIN: 02-18-200-004
To be offered as ONE TRACT.
Legal Description: NE LYG NE OF CH 27 (EX BEG SE COR, N335.5′ W495′ SE396′ E280.5′ TO POB & EX
BEG 1041.22’E NW COR NE, E210′ S251′ W210′ N251′ TO POB) SEC 18-34-7.
Survey has been ordered and will be posted here when finished.
Final acres subject to survey results.

FSA-156 Report:
Farm 144
Tract 245
Farmland = 62.65 Acres
Cropland = 61.34 Acres
CRP Cropland = 0.00 Acres
Corn PLC Yield = 148
Soybeans PLC Yield = 44

Soil Map Information:
Overall Crop Productivity Rating = 142.6
Farm slope = 0 to 2 percent
– 152A – Drummer Silty Clay Loam – 52% of Property – 144 PI
– 149A – Brenton Silt Loam – 48% of Property – 141 PI

Topography Source: USGS:
Min: 575’. Max: 590’. Range: 15.6’. Farm slopes to the South.
There are NO IMPROVEMENTS on this property.
Center of Farm: 41° 25′ 34.26, -88° 27′ 55.77

Grundy County Tax Info:
PIN: 02-18-200-004. 2022 Taxes: $3036.40.

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 all cash rent for 2023. Tenant retains all 2023 crops.

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 $50,000 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 March 4, 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 63.79 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.

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

Seller: Dean Family Trust

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