LAND AUCTION
303 acres more or less
Mendota, IL
Mendota & Meriden Townships - LaSalle County
Saturday October 3, 2009
10:00 A.M.
The following 303 acres M.O.L. will be sold at Public Auction. Auction will be held at Tract #1 Mendota, IL. Directions: East of Mendota 4 miles on Rte. 34 to E 7th Rd. then North 2 miles to N 46th Rd., then West 1 mile to farm.
Description of Land
Tract # 1 - 78 acres M.O.L. unimproved farm land located in Section 12 Mendota Township in the Southeast corner. Soil Types: Muscatune, Sable, Catlin, Varna and Flanagan.
Tract # 2 - 147 acres M.O.L. unimproved farm land located in Section 12 Mendota Township in the Northeast corner. Soil Types: Sable, Drummer, Catlin, Varna, Birkbeck, Elpaso, Graymont and Muscatune.
Tract # 3 – Combination of Tract # 1 and Tract # 2. Total of 225 acres M.O.L. with 212.3 tillable acres located in Section 12 Mendota Township (36 N) Range 1 East, LaSalle Co., road frontage along N 46th Rd. and E 6th Rd. This farmland is located East of I-39.
FSA Information : Corn Base 106.8 Bean Base 104.5 Direct Yield - Corn 125 Bean 39
Farmers 3 year Average: 2006-2008 documented dry corn bushels per acre 184
Taxes: $3,036.20
Tract # 4 – 78 acres M.O.L unimproved farm land with 73.9 tillable acres located in Section 32 Meriden Township (36 N) Range 1 East, LaSalle County. Directions: East of Mendota 3 miles on Rte. 34 to E 7th Rd., then 1 mile South to farm. There is road frontage on E 7th Rd. and N 42 Rd.
Soil Types: Muscatune, Elburn, Drummer, Plano, Sawmill, Oaco, Catlin and Clinton.
FSA Information: Corn Base 43.1 Bean Base 20 Direct Yield – Corn 126 Bean 39
Farmers 3 year Average: 2006-2008 documented dry corn bushels per acre 192
Taxes: $1,262.00
Kenneth and Sam Gehant
630-677-6888
Attorney for Seller – Patrick Barry
Aplington, Kaufman, McClintock, Steele & Barry, LTD
815-224-3200
Kenneth and Sam Gehant
630-677-6888
Attorney for Seller – Patrick Barry
Aplington, Kaufman, McClintock, Steele & Barry, LTD
815-224-3200
Bidding will be on a per acre basis multiplied by the number of advertised acres. The purchase price will relate to the parcel as a whole. The successful Buyer will be required to put down10% day of auction and execute a contract for the purchase of the real estate under the terms and conditions specified herein. The earnest money should be in the form of a personal check or cashier’s check. The balance of the purchase price will be due at closing to be held on or before November 3, 2009. Seller will provide Buyer with an Owner’s Title Insurance Policy in the amount of the purchase price and will provide a Deed conveying the Farmland to the Buyer. Seller will give Buyer a credit for 2009 taxes due in 2010, based upon 2008 amounts, adjusted for any split of acreage and improvements. Real Estate taxes for the year 2010 and subsequent years shall be the sole responsibility of Buyer. There is no existing farm lease in place for 2010. Seller will cooperate with buyer on a1031 exchange within the dates specified herein. The farm land will be available for the 2010 crop year with possession subject to removal of 2009 crops. Seller reserves the right to accept or reject any or all bids. <br>
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Disclaimer and Absence of Warranties: All information contained herein and all related materials are subject to the terms and conditions outlined in the Contract to purchase. Announcements made by the auctioneer at the time of auction and during the sale will take precedence over any prior printed material or other oral statements made, except the purchase agreement. The property is being sold on an “as is, where is” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the seller or the auction company. Information contained herein is believed accurate, but subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by Seller or the auctioneer. Conduct at the auction and increments of bidding are at the discretion and direction of the auctioneer.