~ 3 Tracts-140.49 acres of Prime Champaign County Farmland ~
LAND AUCTION
WEDNESDAY, SEPTEMBER 11, 2013
10:00 A.M.
AUCTION LOCATION: Jim Clingan Auction Center
1707 CR 2200 East
St. Joseph, IL 61873
LAND LOCATION: 2 ½ miles West of St. Joseph, IL on US Route 150 to County Road 24, or 3 miles East of Urbana, IL on US Route 150 to County Road 24, then 1 ¼ miles North.
PARTIAL LEGAL AND DESCRIPTION: Part S ½ NW ¼ and Part N ½ SW ¼, Section 5, Township 19 N, Range 10 E, 3rd PM, Champaign County, IL
Tract 1: 73.13 acres ***SOLD = $10,000***; Tract 2: 55.41 acres ***SOLD = $9,300***; Tract 3: 11.95 acres (woods, trees, lots of deer along Saline Branch) ***SOLD = $3,600***
TERMS: 10% down payment on the day of the Auction, upon signing contract to purchase. Balance payable at closing on, or before October 11, 2013. There is still growing nursery stock on part of Tracts 1 & 2, therefore, seller will cash rent: Tract 1 – 43.34 acres for 2014 and 27.24 acres for 2015; Tract 2 – 15.71 acres for 2014 and 5.51 acres for 2015 at the rate of $500 per acre, per year. Such rent will be deducted from the closing settlement. Seller will pay the 2013 property taxes. Buyer will pay all taxes thereafter. Seller reserves the right to reject any and all bids. Announcements sale day take precedence over all previous advertising.
ALLYN A. LINDSTROM ESTATE
GLADYS B. LINDSTROM, OWNER
Attorney: William R. Scott
Allen & Korkowski & Associates
217-893-1401
AUCTION & REALTY
217.469.2500 www.jimclingan.com
P.O. Box 1047, ST. JOSEPH, IL 61873