Huls Sale Bill.pdf

Huls Sale Bill.pdf

VIRTUAL ONLINE

HANCOCK COUNTY, ILLINOIS LAND AUCTION THURSDAY, SEPTEMBER 1, 2022 AT 10:00 AM CT

120 TAXABLE ACRES • SELLING AS 2 TRACTS

Cheryl Huls - Seller Representing Attorney: Albert Ancelet | Capps, Ancelet, Icenogle & Wallace 55 South Adams Street, Carthage, Illinois 62321 (217) 357-2107

Auction Manager: Michael Sullivan (309) 333-0916 DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107

LOCATION & GENERAL INFORMATION The Huls farm is located approx. 2.5 miles southwest of Basco, IL and is further described as being located in Sections 28 & 29, T4N - R7W, Bear Creek Township, Hancock County, IL. Tract 1 represents mostly tillable cropland. Tract 2 represents an excellent hunting/recreational piece with income producing CRP acres. TRACT INFORMATION Tract 1 - 40 Taxable Acres • FSA figures indicate 38.89 acres of cropland currently in row crop production • Productivity Index Rating (PI): 108.2 • Soil types include Fishhook, Keomah, Clarksdale, Rozetta & Rubio • There is also a small area in the SW part of the farm that represents a timbered draw & waterways • Access is along the east side by N County Road 1550 Tract 2 - 80 Taxable Acres • FSA figures indicate 11.33 acres of cropland in the NE portion of this farm which is currently in row crop production • Additionally, there are 38.01 acres of CP22 (Riparian Buffer) CRP. These are in (2) contracts. They are enrolled at a payment rate of $258.97 per acre for an annual payment of $9,843.00. The contracts expire September 30, 2029. Most of this area is planted to different species of trees. Check website for CRP contracts & FSA information. • The balance of the tract is in timber which extends west towards Bear Creek • This piece offers excellent whitetail deer & other wildlife habitat • Access is along the east side by N County Road 1450

TRACT 2

TRACT 1

1

2

TRACT 1

108.2

METHOD & TERMS The tracts will be sold on a price per acre basis, based on taxable acres. Each tract will be sold individually. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Monday, October 3, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes. Possession for Tract 1 will be subject to a cash rent lease for the 2022 crop year only. Possession will be given at the time of closing for Tract 2. There are no hunting leases associated with Tract 2. The sellers will retain the 2022 CRP & Cash Rent income. All future government payments and/or any future cash rent leases will be the new buyer(s). Bidding is NOT subject to the following contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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 made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

ADDITIONAL INFORMATON, PHOTOS & BIDDING ONLINE: www.SullivanAuctioneers.com

www.SullivanAuctioneers.com

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

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

120 TAXABLE ACRES SELLING IN 2 TRACTS

VIRTUAL ONLINE | HANCOCK COUNTY, ILLINOIS LAND AUCTION THURSDAY, SEPTEMBER 1, 2022 AT 10:00 AM CT

Cheryl Huls

DETAILS, MAPS, PHOTOS & BIDDING: SullivanAuctioneers.com SULLIVAN AUCTIONEERS, LLC | (844) 847-2161 | LICENSE #444000107 #MN 65-57