Wednesday, February 6, 2019 at 10:00 A.M.
Sale to be held at the American Legion • 104 E. Parkside Dr. • Washburn, IL 61570
95.17 Surveyed Acres • Selling in 1 Tract
Location & General Information
The Spangler farm is located approx. 3.5 miles north of Washburn, IL and is further described as being located in Section 14, T29N•R2W, Richland Township, Marshall County, IL.
The farm represents Class A, all NHEL, tillable farmland to be offered in 1 tract.
• FSA figures should indicate this tract to be nearly 100% tillable and all NHEL
• PI Rating: 133.9 (Class A)
• Productive soil types include Harco, Elkhart & Sable
• High fertility due to multiple manure applications in prior years
• Access is along the south side by Pigeon Creek Rd.
Method and Terms
The Spangler farm has been surveyed and will be sold on a price per acre basis, based on said survey. Immediately following the auction, the successful buyer(s) will be required to enter into a written Purchase Agreement with the sellers and pay 10% of the bid price. The balance of the bid price will be due at the time of closing, scheduled on or before April 10, 2019 (extended 9 week closing). An owner’s policy of 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 based upon the most recent available tax statement. The 2019 real estate taxes & subsequent years will be paid by the new buyer. Possession will be given at the time of closing, subject only to a cash rent lease for the 2019 crop year. The buyer will enter into this lease with the seller in the amount of $500 per tillable acre. 100% of the 2019 cash rent will be paid to the buyer at closing. The farm sells free and 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”.
Extensive tile work was completed in 1999.
Doug & Rose Spangler
Patrick J. Murphy
414 5th Street
Lacon, IL 61540