FULTON COUNTY ILLINOIS LAND AUCTION

FAIRVIEW, ILLINOIS 
From Fairview, the land is located 3 miles north of Fairview on IL-97/N State Route 97, then 2 miles west on County Road 3350, then 1/2 mile north on Stout Road/County Road 1250.   OR From London Mills, the land is located 3 miles east of London Mills on State Route 116/IL-116, then 1 ¾ miles south on North Coal Creek Road.  Watch for auction signs.

Auction to be held at the American Legion, 275 Pumyea St, Fairview, IL.

WEDNESDAY, OCTOBER 25, 2017 AT 10:00 A.M.

Preview Wednesday, October 11th, from 10-11AM

>>Picture of The Stout Farms, Established 1835.

154 Acres M/L – SELLS IN TWO TRACTS
(Subject to final survey)

“Selling Choice with the Privilege”
Tracts #1 & 2 will be sold price per acre and will be sold Choice with the Privilege, whereas the high bidder may take Tract #1 or Tract #2, or both tracts, in any order, for their high bid.  This will continue until both tracts are sold.  Tracts will not be recombined.

Auctioneer’s Note:  Farm is selling Free & Clear for the 2018 farming season.  Upon the completion of the 2017 harvest, fall tillage privileges will be granted. 

Tract #1 – 78 Acres M/L – (Subject to final survey)
Approx. 61 acres tillable, balance being timber.
PI Rating: 120
Productive soils include: Ipava, Rozetta & Lawson
Located in Section 18, Fairview Township, Fulton County, Illinois.
Not included: 2017 crops

Tract #2 – 76 Acres M/L – (Subject to final survey)
If you are looking for a recreational getaway or place to build your new home, take a look at Tract #2!  Enjoy fishing the stocked pond with catfish, bluegill, bass & hybrid sunfish.  This tract also includes a Starcraft 31FKS, 31’ camper and a 24’x30’ covered car port with 11’ sidewalls.  The property also features a machine shed and a smaller outbuilding, electricity & a well.

Approx. 60 acres tillable, balance being timber and pond with buildings & recreation area.
PI Rating: 129.8
Productive soils include: Sable, Ipava, Osco & Rozetta
Located in Section 18, Fairview Township, Fulton County, Illinois.

Included: Starcraft 31FKS camper, Toro GroundMaster 72 lawnmower, 24’x30’ carport
Not included: 2017 crops, Personal Property

Information on the entire farm
123.5 acres tillable with a PI Rating of 130.4
110.3 acres of NHEL tillable ground
13.2 acres of HEL tillable ground

Method: A survey will be completed prior to the auction.  Tracts #1 & #2 will sell on a price per acre basis, with the surveyed acres being the multiplier used to determine the final sale price for each tract.  Tracts #1 & 2 will be sold Choice with the Privilege, whereas the high bidder may take Tract #1 or Tract #2, or both tracts, in any order, for their high bid.  This will continue until both tracts are sold.  Tracts will not be recombined.

Terms: 20% down payment on October 25, 2017. Balance due at closing with a projected date of December 11, 2017.  Personal check or cash is acceptable for down payment; balance shall be paid by cash, certified check or wire transfer. Full possession will be given at the time of closing, subject only to the current tenant for 2017.  Upon the completion of the 2017 harvest, fall tillage privileges will be granted.  The farm is selling free and clear for the 2018 farming season.  Title Insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be paid by the seller.  The 2018 real estate taxes & subsequent years will be paid by the buyer.  Immediately following the auction of the real estate, the successful buyer shall enter into a written contract with the seller.  Said contract will be available for review prior to the auction.

Special Provisions:

·       Termination has been served to the tenant by the seller and the farm is selling free and clear for 2018 crop year. Upon the completion of the 2017 harvest, fall tillage privileges will be granted.

·       It shall be the obligation of the buyer to report to the Fulton County FSA office and show filed deed in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.

·       This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.

·       Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

·       Both Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract.

·       If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)

·       Buyer will be responsible for installing his/her own entrance, if so desired.

·       If in the future a site clean-up is required it shall be at the expense of the buyer.

·       The buyer shall be responsible for any fencing in accordance with Illinois state law.

·       This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

·       The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

·       Steffes Group, Inc. is representing the Seller.

·       Any announcements made the day of sale take precedence over advertising.

Owners:
Locally Known as The Stout Farms
David Smallwood & Candace Horn

Closing & Representing Attorney - Steven W. Giebelhausen

Johnson & Skewes Law Firm

516 7th St., Fort Madison, IA 52627 – 319-372-2532

Tim Meyer: Illinois Licensed Auctioneer #441.001748 - Illinois RE Managing Broker #471.006809