Described as: The Northwest Quarter of Section 29, Township 18 North, Range 12 West of the 2nd P.M., EXCEPT the East Half of the East Half of the Northwest Quarter of Section 29, Township 18 North, Range 12 West of the 2nd P.M., situated in Vermilion County, Illinois.
Location: 3 1/2 miles East of Jamaica, or 4 miles Southwest of Catlin, Illinois in Vermilion County.
Sale Format: LIVE/ONLINE AUCTION. Live Auction will be conducted by Jim Hannigan of Gordon Hannigan Auction Company. There will be an option to big online through HIBID. Details available upon request. Farm will be sold with a seller reserve. Seller reserves all rights to reject the final bid.
Time & Sale Location: Auction will be conducted on November 28th beginning promptly at 10:00 am. Auction to be held at the Catlin Community Center 109 S Sandusky, Catlin, IL 61817.
Attorney: Thomas Meyer
Acton and Snyder
220 N Vermilion Street
Danville, IL 61832
Showings: Farm shown by appointment only.
Contract: Buyer will enter into a contract with 10% down payment required upon signature of a formal contract the day of the sale with the balance due at closing. Closing to be on or before January 5, 2023.
Acreage: Farm will be sold as 123.96 acres more or less. Survey stamped February 2, 2010 showed the original parcel to be 165.25 acres. 41.29 acres were sold and surveyed to Ralph and Russell Puzey. Remainder of the farm is 123.96 acres more or less.
Title: Seller will provide the buyer with a title policy in the amount of sale price, subject to usual and standard exceptions.
Taxes: Seller will pay 2022 real estate taxes payable in 2023 through a credit at closing. Buyer will be responsible for 2022 and subsequent years real estate taxes.
Lease: The farm lease has been terminated. Pine Ridge Farm (Dane Larson) has operated the farm for several years and would entertain the opportunity to continue to farm the property.