327± Acres (Subject to Final Survey) - Selling in 6 Tracts

OPEN HOUSE
SUNDAY, JANUARY 15, 2012
2:00 - 4:00 P.M.
A REPRESENTATIVE FROM SULLIVAN AUCTIONEERS, LLC WILL BE AT THE HOME LOCATED ON TRACT 6 TO SHOW INTERESTED PARTIES THE HOUSE AND OUTBUILDINGS AND TO ANSWER QUESTIONS REGARDING METHOD AND PROCEDURES FOR THE AUCTION CONCERNING ALL TRACTS.

- Premier residential development tracts!
- Productive tillable parcels!
- Brick ranch home w/ acreage!

Location & General Information

The Hillman Family Farm is located just north and west of Groveland, Illinois in Sections 21, 22, 27 and 28 of Groveland Township, Tazewell County, Illinois. The farm is further described as being located east of Pekin, Illinois, south of East Peoria, Illinois and west of Morton, Illinois and lying along the south side of Hwy. 98.

The farm will be sold in 6 individual parcels with Tracts representing productive tillable farmland, prime residential development, rolling recreational land with mature hardwood timber, and a brick ranch style home with excellent out buildings, pond and more! Check out these Tazewell County Tracts of land that have been in the Hillman Family for generations. The farm has been known for many years as the Brecher and Hillman Angus Farm.

Tract Information

Tract 1: 46± Acres (Subject to Survey)
- Prime residential development tract.
- Rolling land with mature hardwood timber.
- Balance acres currently in pasture with creek area.
- Tower site lease income.
- Access by Hwy. 98 along entire north boundary.

Tract 2: 46± Acres (Subject to Survey)
- Prime residential development tract.
- Rolling land with mature hardwood timber.
- Balance acres currently in pasture with creek area.
- Pond located near the west boundary.
- Access by Hwy. 98 along entire north boundary.

Tract 3: 40± Acres (Subject to Survey)
- Prime residential development tract.
- Rolling land with mature hardwood timber.
- FSA figures should indicate approximately 11.26 acres of NHEL farmland.
- Balance acres currently in pasture with creek area.
- Access by Hwy. 98 by way of a 200 ft. wide deeded strip of land
extending north and east to Hwy 98.

Tract 4: 130± Acres (Subject to Survey)
- FSA figures should indicate approximately 123 acres of tillable farmland.
- Balance acres represent timber and draws.
- Development potential with Northern Oaks and Grand Oaks subdivisions to the south.
- Access by Northern Oaks Dr. along the entire east side via Brecher Ln.

Tract 5: 42± Acres (Subject to Survey)
- FSA figures should indicate approximately 29.25 acres tillable
of which 13.4 acres is currently in Conservation Reserve Program (CRP) with
approximately 14 acres currently in row crop production.
- Development potential with Northern Oaks and Grand Oaks subdivisions to the south.
- Balance acres represent timber and creek area.
- Access near the southeast corner by way of Lakeview Dr.

Tract 6: 23± Acres (Subject to Survey)
- Improved with an older single story three bedroom brick ranch style home and excellent outbuildings.
- The home has a full basement, gas furnace, central air conditioning, public water, (2) wells, attached garage and much more.
- Cattle facility, shop, barns and storage buildings. Please note: approximately 8 years ago a severe storm greatly damaged or destroyed most of the buildings on this Tract. These buildings were replaced or completely and professionally repaired.
- There is a stocked pond with dock located along the drive entering this Tract.
- Make plans to attend an open house scheduled for Sunday, January 15, 2012 from 2:00 - 4:00 P.M.
- Access by Northern Oaks Dr./Brecher Ln.

All acreages are estimated - All tracts will be surveyed prior to the auction

Method & Terms

The land auction will be held on Saturday, February 4th at 6:00 P.M. The auction will take place at the Morton, Illinois Best Western Conference Center located along Interstate 74.
The Farm will sell in 6 individual Tracts. All Tracts are currently being surveyed. Tracts 1-5 are unimproved vacant land. Tract 6 is the Hillman farmstead which is improved with a well built older ranch style brick home with attached garage. This parcel also has several outstanding barns, buildings and shop. This Tract has a pond and approximately 23 acres included with it, which makes this small farm perfect for someone interested in having a few horses or possibly cattle.
Tracts 1-5 will sell on a price per acre basis, based on the results of a professional survey which will be completed prior to the auction. Tracts 1-5 will be auctioned through the method of "Buyers Choice", whereas the high bidder can elect any Tract or all Tracts for their high bid. If the high bidder does not chose to elect all Tracts, the remaining Tracts will then be offered "Buyers Choice." After Tracts 1-5 have been sold we will then sell Tract 6. Tract 6 will be sold for a "Lump Sum" or total dollar amount, and NOT on a price per acre basis.
Ten percent (10%) down payment due sale day upon signing of the purchase agreement. The balance due within 30 days for Tracts 1-5 (on or before Monday, March 5, 2012). The balance for Tract 6 will be due at closing which will be on or before Monday, May 7, 2012 (possibly sooner.) Title insurance in the full amount of the purchase price will be provided. The 2011 real estate taxes which are due and payable in 2012 will be paid by the seller. The 2012 real estate taxes which are due and payable in 2013 will be the responsibility of the new buyer(s). Full possession will be given at the time of closing on Tracts 1-5. Possession and closing for Tract 6 will "possibly" be extended to Monday, May 7, 2012. This will allow Mr. Hillman a little extra time to move. There are no farm tenancies, hunting leases or any other types of restrictions on any of these Tracts.
All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Real estate is being sold "AS IS".