Gerald & Therese Jenkins

Thursday, February 18 at 6:00 pm

SOLD - $3,400.00 per acre

Auction to be held at Sullivan & Son Auction And Events Center, located 8 miles south of Carthage, IL along IL 336 Expressway.

LOCATION AND GENERAL INFORMATION: The Jenkins real estate contains 50 acres (subject to survey) and is located along IL 336 Expressway at the East edge of Loraine, IL. It is situated in the Southeast Quarter of Section 16, Keene Township, Adams County. This property is accessed from the North along Road 2753rd Ln., from the South along Road 2700th Ave. and it has an area along the West side which boarders Hwy. 336. It is ideally located only 14 miles North of Quincy, IL with excellent new home building sites. Currently there are 25 acres enrolled in CRP with the balance being mostly wooded with great hunting. Prospective buyers have permission to walk or drive over and inspect this property at their convenience.

METHOD & TERMS: This farm will be sold on a price per acre basis with the exact acres to be determined by a survey which will be completed prior to the auction. Ten percent of the bid price to be paid on day of sale with the balance due at time of closing on or before March 18, 2016, upon delivery of warranty deed. Title Insurance in the full amount of the purchase price will be provided by the sellers. Full possession will be given at time of closing. The 2015 real estate taxes which are due and payable in 2016 will be paid by the sellers with the 2016 and all subsequent taxes to be the responsibility of the buyer. Immediately following the auction, the successful buyer shall enter into a written purchase agreement with the sellers. A copy of said contract may be inspected prior to the auction by contacting Ted M. Niemann 217-223-3030, Attorney for Sellers. All announcements made at the auction shall supersede any prior advertising.