SALE BY SEALED BIDS
APPROX. 110 ACRES OF FARMLAND
ALLENS GROVE TOWNSHIP, MASON COUNTY, ILLINOIS
Saturday, October 8, 2011, at 10:00 A.M.
At First Farmers State Bank, 301 S. Locust Street
Delavan, Illinois 61734
Paul A. Reed, John R. Reed, and Jonathan F. Reed will sell the following:
Tract 1:
The East Half (E½) of the Southwest Quarter (SW¼) of Section 3, Township 21 North, Range 5 West of the Third Principal Meridian, Mason County, Illinois; EXCEPTING THEREFROM the following described parcel, to wit:
Part of the East Half (E½) of the Southwest Quarter (SW¼) of Section
3, Township 21 North, Range 5 West of the Third Principal Meridian,
Mason County, Illinois, described as follows:
Commencing at the Southwest corner of the East Half (E½) of the
Southwest Quarter (SW¼) of said Section 3; thence Northerly along the
West line of the said East Half (E½) of the Southwest Quarter (SW¼) a
distance of 1097.00 feet to the Point of Beginning; thence continuing
Northerly along said West line a distance of 465.00 feet; thence Easterly,
perpendicular to the last described course, a distance of 265.00 feet;
thence Southerly, parallel with the West line of said East Half of the
Southwest Quarter a distance of 465.00 feet; thence Westerly,
perpendicular to the last described course, a distance of 265.00 feet to the
Point of Beginning, containing 2.829 acres, more or less,
AND FURTHER EXCEPTING THEREFROM the following described parcel, to wit:
The East 75 feet of even width of the East Half (E½) of the Southwest
Quarter (SW¼) of Section 3, Township 21 North, Range 5 West of the
Third Principal Meridian, Mason County, Illinois.
Tract II:
The South Half (S½) of the Northwest Quarter (NW¼) of the Southwest Quarter (SW¼) of Section 3, Township 21 North, Range 5 West of the Third Principal Meridian, Mason County, Illinois.
Tract III:
The South Half (S½) of the Northeast Quarter (NE¼) of the Southeast Quarter (SE¼) of Section 4, Township 21 North, Range 5 West of the Third Principal Meridian, Mason County, Illinois.
Location. The farm is located 2¾ miles West of the Mason-Logan County Line at San Jose on Rte 136, and approximately one-half mile South, near Allen Station, and is commonly known as the John F. L. Reed farm.
Improvements. The tract is unimproved.
Soils, FSA cropland. Supervisor of Assessment records show acreages totalling 111.62 A. FSA records indicate 104.8 cropland acres. Predominant soils appear to be Thorp, Elburn, and Drummer.
Contract. The successful bidder 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 November 8, 2011. Buyer will receive an ALTA title policy subject to usual exceptions for roads and highways, drainage, and easements of record; 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; tenant’s lease ends December 31, 2011, and full possession will be given on January 1, 2012.
Procedure. Bids should specify the name of the bidder and the bid per acre. Per acre bids will be multiplied by 110 acres, and the resulting sale price will be the sale price in gross. Sealed bids may be mailed or delivered to the office of Culbertson & Allen, LLC, any time prior to October 7, 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 Street, Delavan, Illinois 61734, on Saturday, October 8, 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.
For further information, visit our website at www.culbertsonandallenlawfirm.com or contact the following:
Culbertson & Allen, LLC
Mark E. Allen
Attorney for Seller
306 Locust St., P.O. Box 200
Delavan, IL 61734
(309) 244-8204
Sorry, comments are closed for this post.