James Smith Trust And Richard Smith Trust

Wednesday, September 5 at 10:00 am

JAMES SMITH TRUST & RICHARD SMITH TRUST

WEDNESDAY, SEPTEMBER 5, 2018 • 10:00 AM

AUCTION TO BE HELD AT THE BUSHNELL REC CENTER, 300 MILLER STREET, BUSHNELL, ILLINOIS

SOLD

TRACT 1 - 42.20 ACRES @ $12,800.00 PER AC.

TRACT 2 - 43.53 ACRES @ $13,000.00 PER AC.

LOCATION & GENERAL INFORMATION

TRACT 1 - 42.20 surveyed acres located in NE ¼ of the SE ¼ of Section 9, Bushnell Township, McDonough County, IL. This level and all tillable tract contains the very best producing Sable and Ipava soils with a PI of 143. James Smith Trust, owner of Tract 1.

TRACT 2 – 43.53 acres surveyed acres located in the NW ¼ of the NE ¼ of Section 19, Bushnell Township, McDonough County, IL. This level and all tillable tract also contains the top producing Sable and Ipava soils with a PI of 140. Richard Smith Trust, owner of Tract 2.

These tracts are located 1 mile west of Bushnell, Illinois on Route 9 to Road 1900E then 2 miles north. Tract 1 borders the west side of Road 1900E (1/2 mile south of 1900E-2100N) and Tract 2 borders the south side of Road 2100N (1/4 mile west of 1900E-2100N). There are no building improvements on either tract. 

METHOD & TERMS OF SALE

The tracts will be sold separately and will not be combined. They will be sold on a price per acre basis based on the surveyed acres. Ten percent of the bid price to be paid on the day of sale with the balance due on or before October 5, 2018. Title insurance in the full amount of the purchase price will be furnished by Sellers. The 2018 real estate taxes due and payable in 2019 to be paid by Sellers with all subsequent taxes being the responsibility of the Buyer(s). Owners will retain the cash rent for this year. Full possession will be given at time of closing subject only to the rights of the tenant for the remainder of the 2018 crop year. Immediately following the auction the successful Buyer(s) shall enter into a written purchase agreement with the sellers. A copy of said contract may be inspected prior to the auction by contacting Attorney Steve Holland, 309-772-3178. Announcements made at the auction shall supersede all prior advertising.

ATTORNEY FOR SELLERS, STEVE HOLLAND

Holland & Holland • 397 W Main, Bushnell, Illinois 61422 • 309-772-3178

 

CONTACT MIKE SULLIVAN • (217) 357 -5252 • IL LIC. #440.000469