Hedbloom Sale Bill

Hedbloom Sale Bill

VIRTUAL ONLINE

KNOX COUNTY, ILLINOIS LAND AUCTION THURSDAY, SEPTEMBER 1, 2022 AT 11:30 AM

130.80 SURVEYED ACRES • SELLING AS 2 TRACTS

DOROTHY JEAN HEDBLOOM ESTATE BRUCE HEDBLOOM, SHARON JO HEDBLOOM, LYNNE MARIE HEDBLOOM & JANICE J. KING

Representing Attorney: Brian A. Peterson | Simpson Peterson Lawyers 246 East Main Street #201, Galesburg, IL 61401 | (309) 343-6152

Auction Manager: Dale Jones (309) 299-6400 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107

LOCATION & GENERAL INFORMATION The Hedbloom Farm is located approximately 7 miles southeast of Knoxville, IL or approximately 40 miles northwest of Peoria, IL. The property is further described as being in Section 4, Haw Creek Township, Knox County, IL. From Knoxville, IL go east on IL Highway 97 to Knox County Highway 17, then east 5 miles to the farm. Both tracts represent Class A tillable farmland. Tract 2 is also improved with a 30’x 40’ pole building. TRACT INFORMATION Tract 1 - 29.30 Surveyed Acres • FSA information should indicate 26.46 acres tillable • Productivity Index is 141.3 (Class A) • Productive Ipava and Osco soils • Access is on the south by Knox County Highway 17 and on the east by Knox County Rd. 12 Tract 2 - 101.50 Surveyed Acres • FSA information should indicate 98.24 tillable acres • Productivity Index is 138.5 (Class A) • Productive Ipava, Osco, Radford & Assumption Soils • This tract is improved with a 30’X40’ pole building - Concrete floor throughout - 100 amp electrical service - 11’X15’ overhead door - 8’X8’ overhead door - Walk-in door • Access is on the north by Knox County Highway 17 and on the east by Knox County Rd 12

METHOD & TERMS Both tracts will be sold on a price per acre basis, based on a recently completed survey. Both tracts will be offered through the marketing method of “Buyers Choice,” whereas the high bidder can elect either or both tracts (in any order) for their high bid. If the high bidder elects only one of the tracts, then the remaining tract will be sold. The tracts will NOT be offered together 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 which will be held in escrow until the time of closing. The balance of the bid price will be due at closing, on or before October 3, 2022. Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. The seller will provide title insurance in the full amount of the purchase price. The seller will pay the 2022 real estate taxes. Possession will be given at the time of closing, subject to a cash rent lease for the 2022 crop year. Please Note: The seller will retain the use of the pole building and the current access area around the pole building on Tract 2 for a period of one year after closing. All announcements made sale day take precedence over any prior advertising either written or oral. The information in our brochure, on our website and in our advertisements 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 all information to their satisfaction. There are no expressed or implied warranties pertaining to the property and the real estate is being sold “As Is”.

141.3

138.5

Please visit our website at www.SullivanAuctioneers.com for more details!

www.SullivanAuctioneers.com

FIRST CLASS U.S. POSTAGE PAID QUINCY, IL PERMIT 23 62301

PO Box 111 • Hamilton, IL 62341-0111 www.SullivanAuctioneers.com

130.80 SURVEYED ACRES SELLING IN 2 TRACTS

VIRTUAL ONLINE | KNOX COUNTY, IL LAND AUCTION THURSDAY, SEPTEMBER 1, 2022 AT 11:30 AM

DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 DOROTHY JEAN HEDBLOOM ESTATE BRUCE HEDBLOOM, SHARON JO HEDBLOOM, LYNNE MARIE HEDBLOOM & JANICE J. KING