1,003.77± Acres - To be sold in 10 Tracts

LOCATION & GENERAL INFORMATION
The McCombs and Merrill Family Farms are located in West Central Illinois between the towns of Rushville, Beardstown and Havana. Tracts 1, 2 and 3 are further described as being located in Sections 18 and 19 of Frederick Township, Schuyler County, Illinois. Tracts 4 - 10 are located along Illinois RT. 100 in Sections 8, 9, 16 and 17 of Hickory Township also in Schuyler County, Illinois. (Pre-sale auction signs will be posted from HWY. 67 and RT. 100.)
The farms will be sold in 10 individual tracts. Tracts 1 & 2 represent highly productive tillable farmland. Tracts 3, 4 & 5 are beautiful wooded/tillable parcels offering outstanding hunting along with income producing tillable acres. Tracts 6 through 9 all lie in the Illinois River bottom and are enrolled in CREP. These tracts offer great waterfowl and other hunting and have attractive guaranteed government payments.
Sullivan Auctioneers, LLC strongly encourages anyone looking for productive tillable land or a recreational property to take a look at these nice West  Central Illinois tracts of land that have been in the McCombs and Merrill Families for generations!

TRACT INFORMATION
Tract 1: 119± Acres
- FSA figures should indicate approx. 118.5 acres tillable.
- Check out this 100% tillable tract which contains productive soils (see soil map).
- Access on the north side by "Lower Beardstown" Blacktop Rd. Additional access along the entire west side by "Fourth PM" road. (2400 E).

Tract 2: 120± Acres
- FSA figures should indicate approx. 119 acres tillable.
- As with tract 1 this parcel is 100% tillable and contains productive soils (see soil map).
- Access to this tract along the entire north side by "Lower Beardstown" Blacktop Rd.

Tract 3: 158± Acres
- FSA figures should indicate approx. 46 acres tillable of which approx. 41 acres are currently in row crop production.
- Outstanding hunting/recreational property which is located on the Bluff side of the Blacktop overlooking the Illinois River bottom.
- There is an old homestead on this property with several barns and sheds.
- Access to this tract is along the entire south side by "Lower Beardstown" Blacktop Rd.

Tract 4: 40± Acres
- Nearly 100% wooded parcel which offers outstanding hunting/recreational value.
- This tract has a creek running through it and it has several nice possible home/cabin sites!
- Access to this tract is by County Blacktop "Hickory Road" at the southwest corner of the property.

Tract 5: 20± Acres
- The north border of this parcel is at the south edge of tract 4. This would be a nice addition for the buyer of tract 4.
- This property is wooded and also has a creek.
- Access to this tract is by Illinois Rt. 100 along the entire east border.

Tracts 6-10-Waterfowl hunters along with whitetail deer hunters and outdoor enthusiasts need to take a look at tracts 6 through 10 as they are all very similar and have a lot to offer with recreational value and remaining CREP income payments!

Tract 6: 112± Acres
- This tract is in permanent easement CREP, with the exception of approx. 2+ acres located along Rt. 100. This area is currently in corn and is not under any restrictions.
- The lower portion of this property is Illinois River Backwater.
- New buyer will receive the remaining CREP payments which expire in 2014 - $13,539.19 per year
- Access to this tract is by Illinois RT. 100 along the entire northwest border.

Tract 7: 101± Acres
- This entire parcel is in permanent easement CREP.
- This parcel has trees planted on a portion with the balance acres being Illinois River Backwater.
- New buyer will receive the remaining CREP payments which expire in 2014 - $13,284.39 per year
- Exact access easement for this tract TBA.

Tract 8: 190± Acres
- This entire parcel is in permanent easement CREP.
- This parcel has trees planted on a portion with the balance acres being Illinois River Backwater.
- New buyer will receive the remaining CREP payments which expire in 2014 - $23,897.00 per year
- Exact access easement for this tract TBA.

Tract 9: 107± Acres
- This entire parcel is in permanent easement CREP.
- This parcel has trees planted on a portion with the balance acres being Illinois River Backwater.
- New buyer will receive the remaining CREP payments which expire in 2014 - $13,220.00 per year
- Exact access easement for this tract TBA.

Tract 10: 36± Acres
- This entire parcel is in permanent easement CREP.
- This parcel has trees planted on the entire property.
- New buyer will receive the remaining CREP payments which expire in 2014 - $5,846.00 per year
- Exact access easement for this tract TBA.

METHOD AND TERMS

The McCombs and Merrill Family Farms will be sold in 10 individual tracts. Bidding will be on a price per acre basis on all 10 tracts.
Auction Order and procedure: Tracts 1 and 2 will sell first through the marketing method of "Buyers Choice," where as the high bidder can purchase Tract 1, Tract 2 or both Tracts 1 and 2 (in any order) for their high bid. If the high bidder purchases only one of the two Tracts, the remaining Tract will then be sold.
Tract 3 will be sold next.
Tracts 4 and 5 will then be sold through the marketing method of "Buyers Choice" whereas the high bidder can purchase Tract 4, Tract 5 or both Tracts 4 and 5 (in any order) for their high bid. If the high bidder purchases only one of the two Tracts, the remaining Tract will be sold.
Tracts 6 through 10 will then be sold through the marketing method of "Buyers Choice" whereas the high bidder can purchase Tract 6, Tract 7, Tract 8, Tract 9, or Tract 10, or all of these Tracts (in any order) for their high bid. "Buyers Choice" will continue on Tracts 6 through 10 until they have all been purchased.
Any survey work will be at the discretion of the sellers attorney and at the expense of the seller. Any acreages obtained from surveys will be used to calculated the final settlement price.
10% of the bid price to be paid on the day of sale with the balance due on or before Monday October 3, 2011. Possession will be given at the time of closing subject only to the current 2011 farm tenancy, on tracts 1, 2, 3 and small portion of tract 6. There are no hunting leases associated with any of the tracts.
The 2010/2011 CREP payments on Tracts 6 through 10 will be retained by the seller with all future CREP payments being paid to the new buyer(s).
The 2011 real estate taxes due and payable in 2012 will be paid by the sellers. Title insurance in the full amount of the purchase price will be provided.
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".