261.27 surveyed acres - Selling in 4 Tracts

Open House; Interested parties wanting to look at the home or improvement on Tract 1 can contact the auction company for an appointment or attend an Open house
Sunday, November 13th: 11:00 A.M. to 12:00 NOON

LOCATION and General Information
Land is located approximately 2 1/2 miles north of the small village of Rapatee, IL on Hwy. 97 in Sections 22 & 23 of Maquon Township. (220 Knox Road 1600E, Maquon, IL). Generally located approximately 20 miles northwest of Canton, IL or approximately 20 miles southeast of Galesburg, IL.

Land represents productive tillable farmland,
some premier hunting/recreational acreage, a beautiful country residence, home building sites, plus more!

Tract Information

TRACT 1 - 46.09 surveyed acres
- FSA figures should indicate 22.4 acres of cropland
- An additional 5.73 acres of CRP cropland with a payment rate of $157.38 per acre through 2013
- Fayette, Lawson, Littleton and Hickory soils
- Improvements on this tract include a storage building along the west side near Hwy. 97 and a portable hunting cabin on the north side of the property
- Public access along the west side by State Hwy. 97

TRACT 2 - 161.35 surveyed acres
- FSA figures should indicate 111.9 acres of cropland
- An additional 7.63 acres of CRP cropland with a payment rate of $157.38 per acre through 2013
- Fayette, Lawson, Littleton, Hickory and Sawmill soils
- Public access along the east side by Knox County Road 1600E

TRACT 3 - 42.67 surveyed acres
- FSA figures should indicate 11.5 acres of cropland
- An additional 12.8 acres of CRP cropland with a payment rate of $157.38 per acre through 2013
- Dorchester, Atlas, Hickory and Fayette soils
- Public access along the east side by Knox County Road 1600E

TRACT 4 - 11.16 surveyed acres
This tract is improved with a very nice 1,248 sq. ft home with attached 2 car garage, full basement, central air, 2 bedrooms, 2 baths, kitchen and dining area, office/den, living room, plus more! This is a very nice well cared for home.

Other improvements on this tract include 4 grain bins, (1) 7,500 bu.; (2) 5,000 bu.; (1) 3,200 bu. A 62' x 44' machine shed with shop area and a 50' x 50' open front barn.

- FSA figures should indicate 2.56 acres of cropland
- Hickory and Fayette soils on the tillable portion
- Public access along the east side by Knox County Road 1600E

METHOD & TERMS

Bidding will be on a price per acre basis on Tracts 1, 2 & 3. Bidding will be for the total dollar amount (lump sum) on Tract 4. The acreages in this advertisement are estimated. A survey of all 4 tracts is currently being completed. The acreages obtained from said survey will be used to calculate the final settlement price.
Tracts 1, 2 & 3 will be auctioned first through the marketing method of "Buyer's Choice" whereas the winning bidder can purchase Tract 1, Tract 2, Tract 3 or any combination of Tracts 1, 2 & 3 for their high bid. "Buyer's Choice" auctioning will continue until Tracts 1, 2 & 3 have all been purchased. Tract 4 will sell last.
Ten percent (10%) of the bid price to be paid on the day of sale, with the balance to be due on or before December 28, 2011.
Landlord's possession will be given at the time of closing subject to the current tenant's farm lease for the 2012 crop year. The new buyer(s) will receive the cash rent income on the tillable portion of the individual tracts for the 2012 crop year. For more information concerning the farm lease, contact the auction co. Hunting rights will be granted to the new buyer(s) at the time of closing. The buyer will receive the 2012 CRP payments on Tracts 1, 2 & 3.
The sellers will pay the 2011 real estate taxes payable in 2012 with the buyer(s) being responsible for all subsequent real estate taxes. 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. An agreement containing the terms of sale will be available for inspection prior to the sale by contacting Michael E. Massie of Massie & Rennick, 115 NW Third Avenue, P O Box 205, Galva, IL. Real estate is being sold "AS IS".