40 ACRES± • 1 TRACT
TUESDAY, DECEMBER 3, 2019 AT 4:00 P.M.
AUCTION VENUE: South Pointe Park Community Building, 523 S Sycamore St, El Paso, IL 61738
Land is located 4 miles northeast of El Paso, IL in Section 36, T27N•R2E, Panola Township, Woodford County, IL.
Nearly 100% tillable, Class A, Farmland!
- FSA figures indicate 39.3 acres of NHEL cropland currently in row crop production
- PI Rating: 142.2 (Class A)
- Soil types include Drummer, El Paso, Rutland & Streator
- Sells free & clear for the 2020 crop year
- Access is along the north side by County Rd 1200N
METHOD & TERMS
The Hughes farm will be sold on a price per acre basis, based on 40 taxable acres. The farm will not be surveyed.
Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Friday, January 10, 2020. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 & subsequent real estate taxes will be paid by the buyer(s). Possession will be given at the time of closing, subject only to the current tenant’s farm lease. The farm sells free & clear for the 2020 crop year.
All announcements sale day shall take precedence over any 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 the property. This real estate is being sold “as is”.
WIND LEASE AGREEMENT
This farm is enrolled in a wind energy project with Americlean Energy Group LLC. This project is currently in the Development Term and the consideration is explained in section 3.3(a) of the attached agreement.
The sellers will keep all payments that are due under the agreement prior to the date of the closing. The buyer will receive all payments that are due under the agreement after the date of closing.
The Larry Hughes Farm
Lori Miller & Jill Carter – Sellers
Representing Attorney: Timothy W. Kirk
Heyl, Royster, Voelker & Allen
300 Hamilton Boulevard • Peoria, IL 61602
Auction Manager: Kevin Haas (309) 264-7767