930 Acres± - 15 Tracts

(SUBJECT TO SURVEY)

LOCATION & GENERAL INFORMATION
Land is located in Section 12 of Carman Township, Sections 2, 3 & 7 of Stronghurst Township and Sections 21, 22, 26, 29, 34 & 35 of Gladstone Township (generally located approximately 5 miles northwest of Stronghurst, IL or approximately 10 miles east of Burlington, IA).

Land represents highly productive tillable farmland, a recreational/hunting tract, home building sites, plus more!

Tract 1 - 111.35 Acres
- FSA figures should indicate 110.5 acres of cropland
- Access on the north by Road 1050N
- Coloma sand soil
- This tract sells with (2) TL center pivot irrigators!

Tract 2 - 42.07 Acres
- FSA figures should indicate 41.38 acres of cropland
- Access on the west by State Hwy. 34!
- Otter-Lawson & Dickinson soils
- Ideally located tract with development potential!

Tract 3 - 77.35 Acres
- FSA figures should indicate 20 acres of cropland
- Access on the north by State Hwy. 34 and on the west by an easement across the adjoining land owner to the gate at the west side of this tract
- This is a premier hunting/recreational acreage with small tillable fields suitable for food plots. Lots of wildlife including wild turkey, whitetail deer, etc.!

Tract 4 - 33.7 Acres (Subject to Final Survey)
- FSA figures should indicate 33 acres of cropland
- Access on the west and north by Feedlot Road and on the east by Road 1400E
- Predominantly Joy soils

Tract 5 - 40 Acres (Subject to Final Survey)
- FSA figures should indicate 36 acres of cropland
- Access on the east by Road 1400E & at the northwest corner by Feedlot Road
- Joy, Fayette, Seaton & Greenbush soils

Tract 6 - 78 Acres (Subject to Final Survey)
- FSA figures should indicate 78 acres of cropland
- Access on the north by Feedlot Road
- Joy, Fayette & Seaton soils

Tract 7 - 117 Acres (Subject to Final Survey)
- FSA figures should indicate 106 acres of cropland
- Access by easement (if necessary) from Feedlot Road across the west side of Tract 6
- Seaton, Otter-Lawson, Fayette & Joy soils

Tract 8 - 60 Acres (Subject to Final Survey)
- FSA figures should indicate 59.3 acres of cropland
- Access on the south by the Milford/Dowell Road
- Seaton & Joy soils

Tract 9 - 75 Acres (Subject to Final Survey)
- FSA figures should indicate 73 acres of cropland
- Access on the south by the Milford/Dowell Road
- Seaton soils

Tract 10 - 78 Acres (Subject to Final Survey)
- FSA figures should indicate 70 acres of cropland
- Access on the south by the Milford/Dowell Road
- Seaton, Mt. Carroll & Otter/Lawson soils

Tract 11 - 73 Acres (Subject to Final Survey)
- FSA figures should indicate 71 acres of cropland
- Access on the south by the Milford/Dowell Road
- Mt. Carroll, Seaton & Joy soils

Tract 12 - 36 Acres (Subject to Final Survey)
- FSA figures should indicate 36 acres of cropland
- Access by easement (if necessary) from Road 1250 across the west side of Tract 13
- Mt. Carroll & Seaton soils

Tract 13 - 30 Acres (Subject to Final Survey)
- FSA figures should indicate 30 acres of cropland
- Access at the northwest corner by Road 1250N
- Mt. Carroll & Seaton soils

Tract 14 - 40 Acres (Subject to Final Survey)
- FSA figures should indicate 40 acres of cropland
- Access on the north by Feedlot Road
- Joy, Fayette & Seaton soils

Tract 15 - 38 Acres (Subject to Final Survey)
- FSA figures should indicate 38 acres of cropland
- Access by easement (if necessary) from Feedlot Road across the west side of Tract 6
- Joy, Fayette & Seaton soils

METHOD & TERMS
Bidding on all tracts will be on a price per acre basis. The acreages in this advertisement on Tracts 4 - 15 are estimated. A survey on Tracts 4 - 15 will be completed prior to the auction with the acreages obtained from said survey being used to calculate the final settlement price.
The buyer(s) will be required to pay a non-refundable down payment sale day. Down payments required are as follows: Tract 1 - $50,000.00; Tract 2 - $20,000.00; Tract 3 - $17,500.00; Tract 4 - $35,000.00; Tract 5 - $35,000.00; Tract 6 - $70,000.00; Tract 7 - $70,000.00; Tract 8 - $50,000.00; Tract 9 - $60,000.00; Tract 10 - $60,000.00; Tract 11 - $55,000.00; Tract 12 - $20,000.00; Tract 13 - $20,000.00; Tract 14 - $35,000.00; Tract 15 - $35,000.00.
The balance of the purchase price will be due at the time of closing, which will be on or before December 29, 2011.
Possession will be given at the time of closing. Possession on Tract 3 is subject to a hunting lease which expires March 1, 2012. Real estate sells subject to easements of record.
The 2011 real estate taxes will be paid by the seller. Title Insurance in the full amount of the purchase price will be provided.
Seller may terminate the auction after sales aggregating sufficient net proceeds to pay the Secured Creditors in full is met. All prior sales to any termination point are irrevocable and without reserve, subject only to court approval.
Immediately following the auction, the successful Buyer shall enter into a written contract with the Seller. Said contract maybe inspected prior to the auction by contacting the Seller's Attorney.
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".
Additional information available by contacting the auction company for a bidder information packet.