YOUR TEAM ON THE GROUND
Lawrence Co. IL Land Auction
88.75+/- Ac., 24+/- Tillable
56+/- Wooded, 8.84 CRP
Thursday November 17, 2016, 5PM Central
Auction Location: Lawrenceville Elks Lodge
519 12th Street, Lawrenceville, IL
Latitude: 38.730523 Longitude: -87.683363
Land Location: Lawrence Township, Lawrence Co., Illinois
Tract 1 - 25+/- Acres, 24+/- Acres Tillable
Latitude: 38.701411 Longitude: -87.689290
Location: 1 Mi. South of Lawrenceville, IL on IL. RT. 1.
Brief Legal: NE1/4 NE1/4, Section 13, Lawrence Township, Lawrence Co. IL. T3N-R12W.
Access:Direct access to IL. RT. 1 (Rd. 1150E).
Soils:184A Roby Fine Sandy Loam, 0-2% slope, 14.21 Ac., 57.7%; 175A Lamont Fine Sandy Loam, 0-2% slope, 8.20 Ac., 33.3%; 8071 Darwin Silty Clay, 1.62 Ac., 6.6%; 125 Selma Loam, .33 Ac., 1.3%; 175C2 Lamont Fine Sandy Loam, 4-7% slope, .28 Ac., 1.1%; Weighted Productivity Index: 106.7.
Tract 2 - 63.75+/- Acres, 8.84 CRP, 54+/- Acres Wooded
Great Hunting / Recreational Ground, Adjoins 160+ Acre owned by IL DNR
Latitude: 38.701771 Longitude: -87.683121
Location: Adjoins Tract 1 to the East. 1 Mi. South of Lawrenceville, IL on IL. RT. 1.
Brief Legal: NW1/4 NW1/4, Section 18, Lawrence Township, Lawrence Co. IL. T3N-R11W.
Access:Current to access via existing lane from IL RT. 1 (Rd. 1150E) To Rosebud Ln. / North Road at Lawrence Addition (Rd.1880), South to Indian Creek Drive (Rd. 870N) to start of lane. Follow Signs.
Soils: 12 Wynoose Silt Loam, 0-2% slope, 11.31 Ac., 42.5%; 8071 Darwin Silty Clay, 42.92 Ac., 67.4%; 8302 Ambraw Clay Loam, 17.75 Ac., 27.9%; W Water, 1.66 Ac., 2.6%; 10710 Beaucoup Silty Clay Loam, 1.39 Ac., 2.2%; Weighted Productivity Index: 109.4.
R.E. Taxes: 2016 taxes, due & payable 2017 to be paid by SELLAFARM.
FSA Info: Corn Base Ac. 19.20, PLC yield 109; Soybean Base Ac. 7.50, PLC yield 36; Wheat Base Ac. 2.70, PLC yield 37; Total Base Ac. 29.40.
CRP Info: 8.84 Acres enrolled in Conservation Reserve Program (CRP). Current Contract Period ends 9-30-2017. Rental Rate per Acre $120.68 totaling $1,067 per year. CRP Contracts: Buyer shall receive all of Seller’s rights and interest in the CRP contract which results from the enrollment of the real estate in CRP program. Buyer agrees to indemnify and hold Seller and their agents harmless from any and all expenses, damages, losses, or claims Seller may incur as a result of the failure of the Buyer to maintain the real estate made subject of this Contract in the CRP program pursuant to the requirements of the USDA, Farm Service Agency. Survival: Except as otherwise expressly stated herein, all arrangements, representations and warranties contained in this Contract shall survive the closing and shall not be canceled by the delivery of the deed.
Farm Rights: Current tenant to have 2016 farm rights, buyer(s) thereafter. Seller to retain 2016 income.
Mineral Rights: Seller to retain all interest in all oil, gas & other minerals owned by sellers, if any.
Possession: Possession of tillable date of closing, subject to the rights of the existing farm tenants for the 2016 crop year -or- December 1st, 2016, which is first. Possession of wooded date of closing.
Survey: Any survey cost to be paid by buyer. Any acreage difference greater than half (½) acre discovered in survey will be reflected in price adjustment based upon original bid price per acre & original buyer’s premium per acre.
Terms: 10% down day of sale non-refundable escrow. 6% Buyer’s Premium. Closing to occur as soon as necessary documents are prepared. Have financial arrangements made prior to sale. All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Being sold subject to owner approval.
Log onto www.sellafarm.com or www.parrottauctions.comfor aerials, drone tour, photos & plats.
For private tour of the land on 6 Seater Polaris Side by Side or more information, please call Call Auctioneer Gregg Parrott mobile 618-843-4905 or Zane Parrott mobile 812-890-5452.
Cochran Heirs – Seller
Danny Cochran, Lou Duncan & Lisa Lackey - Owners
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