Monday, April 20, 2020 at 6:00 P.M.
102.59 Surveyed Acres (2 Tracts)
LOCATION & GENERAL INFORMATION
The Schafer Family Farm is ideally located near the Southeast Corner of Rushville, Illinois in the Southeast Quarter of Section 31 of Rushville Township, Schuyler County, Illinois. From Hwy. 67, just south of Rushville, take the old highway north (Hwy. 1). Or from the Southeast Corner of the Rushville City Square, take Liberty Street south out of town. Then take Schafer Lane east to the farm. Schafer Lane is a public road that accesses the farm on the west and then extends south into the tillable tract (Tract 1).
Make plans to check out this farm that has been in the Schafer family for 100 years. Both tracts sell with full possession and 2020 farming & hunting rights. The new buyer(s) will be granted immediate farming rights on the day of the auction after providing the seller’s attorney with proof of liability insurance and a 10% non refundable deposit. Weather permitting you can purchase these tracts on April 20th and begin tillage work immediately.
Tract 1 – 56.69 Surveyed Acres
- FSA figures should indicate approximately 47.13 acres currently in row crop production.
- Crop Productivity Index (PI) is 118+ on the tillable acres.
- Keomah, Rozetta & Clarksdale soils.
- The balance acres represent wildlife habitat.
- Access by Schafer Lane on the west.
Tract 2 – 45.88 Surveyed Acres
- This tract is predominantly timber with 2 small food plot areas located near the west boundary of this tract.
- Tract 2 represents premier wildlife habitat with whitetail deer, wild turkey and other small game being very abundant.
- This tract looks to have some harvestable timber.
- Access by Schafer Lane, which extends from the west to the farm and then extends south along the west side of Tract 2, giving access to Tract 1 at the northwest corner.
METHOD & TERMS
The Schafer farm will be sold at unreserved auction. The farm will be sold in (2) individual tracts, both of which have recently been surveyed. Both tracts will sell on a price per acre basis, with the surveyed acres being used to calculate the individual contract prices. Both tracts will be offered through the marketing method of “buyer’s choice”, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, the remaining tract will then be sold. After both tracts have been sold, we will NOT offer the farm in any type of combinations. Each sale will be final.
Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. Ten (10%) percent of the bid price to be due on the day of sale with the balance due at closing in approximately 30 days, on or before Monday, May 20, 2020. Title insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, which are due and payable in 2020, will be paid by the seller as the seller received the 2019 crop income. The 2020 real estate taxes will be the responsibility of the new buyer(s) without proration. Full possession will be given at the time of closing (immediate farming rights will be granted at the conclusion of the auction, after buyer(s) have shown proof of liability insurance and have paid a 10% non refundable down payment). The farm sells free & clear for the 2020 crop year. There are no hunting leases associated with either tract.
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”.
The Schafer Farm
Caroline Young, Sherry Schafer & Anthony Schafer – Sellers
Charles A. Burton
114 W Lafayette St,