Wednesday, October 03,2007 01:00 PM  thru  03:00 PM

Directions to Tracts 1-7: From Fairfield - Travel east approx. 8 miles on Hwy. 15 to CR 3. Travel north towards Mount Erie 1/2 mile to T-intersection. Turn left and continue traveling on CR 3 approx. 1.5 miles to the property. Watch for Signs!

Directions to Tracts 8-14: From Fairfield - Travel east approx. 6 miles on Hwy. 15 to 2500E. Go south approx. 1 mile to T-intersection. Make a left turn to the east and take the next right back to the south. Travel approx. 1.5 miles to the property. Watch for Signs!

Fairfield Elks Club
201 SE 2nd St. Fairfield, IL 62837

FOR THE FARMER & INVESTOR:
This property offers large contiguous tracts of farmland allowing you to carve out the property to meet your needs.

Tracts Ranging from 35 to 240 acres.

Farmers - Do not miss the opportunity to expand your existing operation.

Investors - Nearly 1,400 acres in 2 farms only a few miles apart, located in the heart of the Midwest.

Productive tillable land with the primary soils types of Sexton and Bonnie silt loams and Cape and Piopolis silty clay loams.

FOR THE OUTDOORSMAN & TIMBER BUYER:
Over 300 acres of the perfect wildlife habitat including excellent timber and frontage on Little Wabash River.

Numerous tracts with dense hardwoods perfect for recreation or potential income.

Premier whitetail deer and turkey hunting on Tracts ranging from 35 to 114 acres.

PROCEDURE: The property will be offered in 14 individual tracts or in combinations. 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 within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

ACCEPTANCE OF BID PRICES: All successful bidders will sign a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to the owners acceptance or rejection.

BUYER'S PREMIUM: A five percent (5%) Buyer's premium will be added to the final bid price to arrive at the total contract purchase price paid by the Buyer.

BUYER BROKER PARTICIPATION: A commission will be paid to any properly licensed Buyer Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available from the Auction Information Office. Forms must be completed and returned no later than 48 hours prior to the auction.

CLOSING: Closing shall occur as soon as possible after applicable closing documents have been completed. Anticipated closing date is thirty days from the date of the sale. Possession will be given at closing subject to any remaining rights of the current tenant(s). Owner will retain the right to the 2007 crop and the 2007 cash rent.

TITLE: Seller shall provide an Owner's Policy of Title Insurance in the amount of the purchase price, and shall execute a proper deed conveying the real estate to the buyer(s). Seller shall pay the premium for the title insurance policy.

REAL ESTATE TAXES AND ASSESSMENTS: Seller shall be responsible for paying real estate taxes and assessments on the property for the 2006 calendar year taxes before or at closing and the 2007 calendar year taxes payable in 2008 will be paid in the form of a credit to buyer at closing. Buyer will be responsible for all taxes and the assessments thereafter.

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

SURVEY: AT THE SELLER'S OPTION, the seller shall provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the seller. The seller will pay 100% of the cost if a survey is needed. The type of survey performed shall be at the seller's option and sufficient for providing title insurance.

MINERAL RIGHTS: The sale of the property shall not include any mineral rights.

AGENCY: Westchester Auctions, LLC and its representatives 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 IS" basis, 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 person's credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

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