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444 Acres Offered in 7 Tracts

Mason County, Illinois

Owner: B.F. Crabs Partnership Fri, Jun 24, 2011

AUCTION IS OVER

• Productive Farmland • Excellent Soils • Recreational Tracts Country Home • 10 Miles NW of Mason City • 11 Miles East of Havana


OPEN HOUSE/INSPECTION DATES

The Home will be open for Inspection on
Tuesday, June 7 from 3-5PM
Meet a Murray Wise Associates representative at Tract 3 to tour the home

PROPERTY LOCATION

Tracts 1-4 are located 2 miles south of US Route 136 on State Route 10 (County Road 2700 East) Tracts 5 & 6 are located at the intersection of US Route 136 and State Route 10 (County Road 2700 East) Tract 7 is located 1/2 mile south of US Route 136 on County Road 2600 East

AUCTION LOCATION

Mason City American Legion 110 West Court St. Mason City, IL

PROPERTY DESCRIPTION

Primary Soils
Harpster Silty Clay Loam
Selma Clay Loam
Canisteo Loam

TRACT DESCRIPTIONS

Tract 1: 80± ac All tillable.

Tract 2: 84± ac All tillable.

Tract 3: 21± ac of pasture, including a one story home and several outbuildings

Tract 4: 50± ac nearly all tillable.  Also includes grain storage.

Tract 5: 155± ac nearly all tillable.

Tract 6: 15± ac partially wooded, includes several older outbuildings.

Tract 7: 39± ac including scenic woodland and two small tillable fields


INTERACTIVE MAP

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenants, if any.

2011CROP INCOME: Seller shall retain all income from the 2011 crop year.

ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. All final bid prices are subject to approval or rejection by Seller.

CLOSING: Anticipated closing date is on or before November 1, 2011.

TITLE: Seller shall furnish the buyer(s) at Sellers expense an Owners Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). REAL ESTATE TAXES AND ASSESSMENTS: The 2010 calendar year taxes due and payable in 2011 shall be paid by Seller. The 2011 calendar year taxes due and payable in 2012 shall be paid by Seller in the form of a credit at closing. The most recent tax figures available will be used to determine the amount of the credit.

EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record.

SURVEY: AT THE SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description sufficient to convey title. Any need for a new survey shall be determined solely by the Seller unless such surveys are required by State or local law. The cost of the survey shall be paid by the Seller. The type of survey performed shall be at the Sellers option and sufficient for providing a standard form owner’s title insurance policy and the transfer of merchantable title. MINERAL RIGHTS: Sale shall include 100% of the Mineral Rights owned by the Seller, if any.

AGENCY: Murray Wise Associates LLC and Schrader Real Estate and Auction Company, Inc. are exclusive agents of the Seller. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an AS IS, WHERE ISbasis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

STOCK PHOTOGRAPHY: Some images showing corn crop have been used for illustrative purposes only. NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

OWNER: B.F. Crabs Partnership

NOTE: Videotaping, flash photography, and/or public announcements will be allowed on auction day ONLY with prior approval from Murray Wise Associates LLC.

None at this time