The high bid for the Theresa Bajor farm on September 17, 2011 was $11,400 per acre, which bid was accepted, and the sale is pending.
SALE BY SEALED BIDS
100 ACRES OF FARMLAND
TOWNSHIP OF HOPEDALE, TAZEWELL COUNTY, ILLINOIS
Saturday, September 17, 2011, at 10:00 A.M.
At First Farmers State Bank, 301 S. Locust Street
Delavan, Illinois 61734
Theresa Bajor will sell as one parcel the following:
Tract 1: The Southeast Quarter (SE¼) of the Southeast Quarter (SE¼) of Section 14 and the South one-fourth of the Southwest Quarter (SW¼) of the Southeast Quarter (SE¼) of Section 14, all in Township 23 North, Range 3 West of the Third Principal Meridian (3rd P.M.), Tazewell County, Illinois.
Tract 2: The North half (N½) of the Northwest Quarter (NW¼) of the Northeast Quarter (NE¼) of Section 23; and 29.5 acres off of the North side of the Northeast Quarter (NE¼) of the Northeast Quarter (NE¼) of Section 23, Township 23 North, Range 3 West of the Third Principal Meridian (3rd P.M.), Tazewell County, Illinois.
Location. The farm is located one-half mile east and one mile north of Hopedale, Illinois.
Soils, FSA cropland. FSA records indicate 101 farmland acres of which 95.9 acres are cropland acres. Predominant soils appear to be Ipava, Sable, Stronghurst, and Tama.
Contract. The successful bidder of a tract will be called upon to enter into a contract for the purchase of the property on the following terms: 10% of the sale price on acceptance of the bid and the balance on or before October 17, 2011. Buyer will receive an ALTA title policy subject to usual exceptions for roads and highways, drainage; a credit will be given for the 2011 taxes, and any 2011 drainage taxes will be paid by Seller or credited at closing. Seller retains landlord’s rights to 2011 rent or crop, and CRP payments for fiscal year ending September 30, 2011. Tenant’s lease ends February 29, 2012, and full possession will be given on March 1, 2012, subject to CRP Contract for 1.4A. which Buyer will assume.
Procedure. Bids should specify the name of the bidder and the bid per acre. Per acre bids will be multiplied by 100 acres, and the resulting figure will be the sale price; Buyer may obtain a survey at Buyer’s sole expense, but the sale price shall not be affected by the number of acres disclosed by any survey. Sealed bids may be mailed or delivered to the office of Culbertson & Allen, LLC any time prior to September 16, 2011, at 4:30 P.M. or may be brought to the bid opening. Bids will be opened at the basement community room of First Farmers State Bank, 301 S. Locust St., Delavan, IL 61734, on Saturday, September 17, 2011 at 10:00 A.M. and any bidder may be present at the bid opening for the purpose of raising his or her bid. Seller reserves the right to reject any and all bids. Any of the above terms of sale may be modified by an announcement made at the time the bids are opened.
Culbertson & Allen, LLC
Mark E. Allen
Attorney for Seller
306 Locust St., P.O. Box 200
Delavan, IL 61734