Saturday, November 03,2007 09:00 AM  thru  11:00 AM
Thursday, November 15,2007 03:00 PM  thru  06:00 PM

Property Location From Freeport: From the US/Business Route 20 split on the east side of Freeport:
Tracts 1-8: Travel 3/4 mile east on US 20 to Browns Mill Rd. Tracts are located in the southeast corner of the intersection of Browns Mill Rd. and US 20.
Tracts 9-12: Travel 5 1/2 miles east on US 20 to Farwell Bridge Rd. Tracts are located on both sides of US 20 east at Farwell Bridge Rd.
Tracts 13-15: Travel 7 miles east on US 20 to Klinger Rd. (Winnebago/Stephenson Co. Line). Tracts are located north of the intersection of US 20 and Klinger Rd.
Tracts 16-17: Travel 4 miles east on US 20 to Holland Church Rd., turn north on Holland Church Rd. and travel 2 miles to Tracts.

Property Location From Rockford: From the US/Business Route 20 split on the west side of Rockford, travel 10 miles west on US 20 to Klinger Rd. (Winnebago/Stephenson Co. Line). Tracts 13-15 are located north of the intersection of US 20 and Klinger Rd.

From Tract 1: Travel 3/4 mile west on US 20 to the US/Business Route 20 split on the east side of Freeport. Continue west on Business Route 20 (exit right) 3 miles to South Street. Continue west (straight) on South Street 2.5 miles to Empire Street. (South Street becomes Burchard Ave. as it curves to the north). Turn west on Empire Street and travel 2 miles to Highland Community College entrance. Turn right into Highland Community College and follow signs to the Conference Center, Parking Lot A. Enter using north entrance.

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BIDDER REGISTRATION
Click to Download The Bidder Pre-Registration Form. A special table will be setup to allow you to pickup your bidder packet and bidder card on auction day without waiting in line. Please be prepared to show Driver's License

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tracts 1-8 · 186± Acres · 181 Acres Tillable

Tract 1: 10± acres potential commercial site with great visibility and access from US 20.

Tract 2: 15± acres tillable land. Primarily Plano and Drummer soils. Access using farm entrance on US 20 or combine with Tract 1.

Tract 3: 2± acres with the 3-bedroom, 1,240 sq. ft. home. 2077 South Browns Mill Road.

Tract 4: 2± acres with the 4-bedroom, 1,297 sq. ft. home. This home will require a new well. 2099 South Browns Mill Road.

Tract 5: 3± acre swing tract with 30 x 70 barn and grain storage. This swing tract must be combined with Tract 3, 4 or 6 providing access.

Tract 6: 80± acres tillable land. Primarily Muscantune and Plano soils. The highest rated soils in the county!

Tract 7: 40± acres tillable land. Plano and Lawson soils.

Tract 8: 34± acres tillable land fronting on 2 roads.
Combine Tracts 1,2 & 5-8 for 179 Acres Mostly Tillable!

tracts 9-12 · 134± Acres · 133 Acres Tillable

Tract 9: 26± acres tillable land. Radford and Plano soils.

Tract 10: 62± acres tillable land with access using farm entrance on US 20. Consider combining with Tract 9 for 88± acre field with great access to drainage ditch.

Tract 11: 35± acres tillable land. Primarily Plano and Radford soils.

Tract 12: 11± acres potential building site with access from Bolen Road.

tracts 13-15 · 240± Acres · 228 Acres Tillable

Tract 13: 37± acres tillable land. Primarily Radford soil.

Tract 14: 199± acres tillable land. Primarily Proctor and Hitt soils. Consider combining with Tract 13 for a 236± acre farm.

Tract 15: 4± acres with 4-bedroom, 1,736 sq. ft. home. Tract includes 30 x 50 barn and other structures. Consider the possibilities! 10804 US 20 E.

tracts 16-17 · 113± Acres · 95 Acres Tillable

Tract 16: 77± acres tillable land with frontage on the Grand Illinois Trail.

Tract 17: 36± acres of hunting & recreational land with frontage on Pecotonica River. An isolated hunting and fishing paradise!

PROCEDURE: The property will be offered in 17 individual tracts, any combination of tracts and as a total 673 acres. There will be open bidding on all tracts and combinations (subject to swing tract limitations) during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cash, cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: The Seller agrees to furnish Bidders a commitment for an owners policy of title insurance to review. If the Buyer(s) elect to have the title commitment executed the cost will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters.
DEED: Seller shall provide Warranty Deed(s). Real estate sold subject to all rights of way, legal highways, leases and easements of public road.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: Buyer shall assume 2008 taxes due in 2009.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. Combination purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres except on Tracts 3, 4, 5, or 15, or any combination including Tracts 3, 4, 5, or 15.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Buyers safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
EASEMENTS: Subject to any and all existing easements.
AGENCY: Schrader Real Estate & Auction Company, Inc. 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 Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. 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 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. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents 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.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.