HENDERSON COUNTY, IL LAND AUCTION - L MELVIN

Tract 1 – 40 surveyed acres

• FSA records indicate approximately 39.90 NHEL cropland acres (split field)
• Productivity Index (PI): 143.9 (Class A)
• Soil types include Sable, Muscatune and Osco
• Access from the west off Twp Rd 1800 E

Tract 2 – 42.41 surveyed acres

• FSA records indicate approximately 40.41 NHEL cropland acres (split field)
• Productivity Index (PI): 143.2 (Class A)
• Soil types include Muscatune, Sable, Osco and Assumption
• Access from the west off Twp Rd 1800 E

The Lester Melvin Farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, where as the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts on the first round of auctioning, the remaining tract will then be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction.

The sellers reserve the right to approve the high bid. Upon approval, the winning bidder shall immediately execute a purchase agreement 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. Note: Closing on Tract 1 shall be on or before December 18, 2024. The closing on Tract 2 shall be on but not before January 8, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Possession will be given at the time of closing.

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, a BigIron company, pertaining to this property. Real estate is being sold “AS IS”.