Land Auction - 565 Acres of Mostly Tillable Farmland with Productive Soils and Excellent Location

Minonk, IL - Wodford County, 35 Miles North of Bloomington just off I-39

Owner: H&H Farms Wed, Aug 31, 2011 EASTERN

AUCTION IS OVER

• Excellent Location • Productive Soils • Commercial Zoning • State Route 251 Frontage • 1/2 Mile to I-39 Interchange • Adjacent to Minonk, Illinois


OPEN HOUSE/INSPECTION DATES

Thursday, August 11, 1-3PM

Meet a Murray Wise Associates Representative at the buildings on Tract 4 if you have questions about the property or the sale procedure.

PROPERTY LOCATION

North of Minonk, IL along State Route 251 and West Chestnut Street

AUCTION LOCATION

South Pointe Park Community Center
521 Southe Sycamore Street, El Paso, IL

TRACT DESCRIPTIONS

Tract 1: 47± ac Mostly Tillable with Frontage on W. Chestnut Street. Commercial Zoning with potential adjacent to Minonk.

Tract 2: 50± ac Mostly Tillable with Frontage on W. Chestnut Street. Commercial Zoning with potential adjacent to Minonk.

Tract 3: 88± ac Mostly TJillable with State Road 251 Frontage

Tract 4: 6± ac Includes Outbuildings

Tract 5: 82± ac Mostly tillable with State Road 251 Frontage

Tract 6: 101± ac Frontage on SR 251 and Base Road

Tract 7: 114± ac Mostly Tillable with frontage on CR2700E and Base Road

Tract 8: 77± ac Mostly Tillable Land with Frontage on CR2700 E


AREA MAP

TRACT MAP(S)

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 8 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 cashiers 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.

2011 CROP 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: Closing shall occur within 30 days or as soon thereafter as applicable closing documents are completed.

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 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 owners 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 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 persons 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.

OWNER: H & H Farms, LLC

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