172 Acres± – 1 Tract
Tuesday, November 13, 2018 at 11:00 A.M.
Auction to be held at the Geneseo Community Center located at 541 E North St, Geneseo, IL 61254.
LOCATION & GENERAL INFORMATION
The Sturtewagen farm is located approx. 3 miles north of Atkinson, IL and is further described as being located in Section 11, T17N – R4E, Atkinson Township, Henry County, IL.
• FSA figures indicate 155.14 acres of NHEL cropland currently in row crop production
• There are an additional 3.1 acres of NHEL cropland located at the northwest corner of the property currently enrolled in CRP at a payment rate of $310.80 per acre for an annual payment of $963 through 9/30/2026.
• PI Rating: 125.2
• Productive soil types include Ambraw, Milford, Drummer, Normandy, Sparta & Selma
• Access is along the south side by N 2200th Ave.
METHOD AND TERMS
The Sturtewagen farm will be sold in 1 individual tract on a price per acre basis, based on taxable acres.
Immediately following the auction, the successful buyer(s) 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 Tuesday, December 18, 2018. Title insurance in the full amount of the purchase price will be provided by the seller. The 2018 real estate taxes, due and payable in 2019, will be paid by the seller. The 2019 real estate taxes & subsequent years will be paid by the buyer. The farm sells free & clear for the 2019 crop season. The new buyer(s) will receive 100% of the 2019 and subsequent CRP payments.
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”.
Auction Manager: Michael Sullivan (309) 333-0916
Gary L. Sturtewagen
Bruce L. Carmen
Carmen Law Office, P.C.
116 N. East St., Cambridge, IL 61238