LIVINGSTON COUNTY, IL LAND AUCTION - KPM FARM LLC

Livingston County, Illinois

The KPM Farm is located 7 miles west of Dwight, IL or 14 miles north of Pontiac, IL. The farm is further described as being located in Section 11, T30N-R5E, Sunbury Township, Livingston County, Illinois.

220 Acres± (subject to survey) • 1 Tract

The tract represents productive farmland.

• FSA map should indicate approximately 218 cropland acres (split field)
• Productivity Index (PI): 118.7
• Soil types include Bryce, Swygert, Rutland, and Clarence
• No improvements or CRP acres
• Access along the north side from St Rt 17 and along the east side from N 1700E Rd

The KPM Farm will be sold on a price per acre basis, based on surveyed acres.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before November 1, 2023.

The seller will provide title insurance in the full amount of the purchase price. The farm is being sold subject to an existing 50/50 crop share lease for the 2023 crop year. Seller will retain all of the 2023 crop income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing 50/50 crop share lease for the 2023 crop year.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

pH - 6.1

P - 62#/A

K - 372#/A