Live & Online
LAND AUCTION

Thursday, Sep 12, 2024 10:00 am

SOLD!
Tract 1 - $9,200
Tract 2 - $4,300

AUCTION LOCATION:

Aledo V.F.W.
106 S.W. Third Ave.
Aledo, IL 61231

SELLER: STEVE R. KENNEY

LIVE & ONLINE

LAND AUCTION

138.73 ACRES – 2 TRACTS

MERCER COUNTY, IL

AUCTION VENUE: Aledo V.F.W., 106 S.W. Third Ave., Aledo, IL 61231

THURSDAY, SEPT. 12, 2024 – 10 A.M.

138.73 SURVEYED ACRES selling in 2 tracts generally located 2 miles south of Aledo on Route 94 to 60^th Ave. then west.

TRACT 1: 43.34 ACRES

Tract 1 is located 1.5 miles west of Route 94 on 60th Ave. to 160th Street then ¼ mile south in the NW Quarter of Section 6, Ohio Grove Township (T.13N.-R.3W.), Mercer County, IL.

• Presently consists of 32.07 productive FSA cropland acres – 126.3 PI rating.

• Productivity of 2.13 acre cropland field in the SE corner of the tract easily enhanced

with surface drainage.

• 3.19 acres in CRP. 2024 annual payment: $930.00

• Balance of the acreage features woods and waterways including Poke and Pike Run
Creeks offering excellent hunting and recreational opportunities.

TRACT 2: 95.39 ACRES

Tract 2 is located ½ mile west of Route 94 on the south side of 60th Ave. in West Half of Section 5, Ohio Grove Township (T.13N.-R.3W.), Mercer County, IL.

• Presently consists of 92.14 FSA acres of rolling open grassland all in CRP.

• 2024 CRP annual payment: $19,796.00

• Balance of the acreage features a wooded tributary of Pope Creek providing an excellent natural water supply for deer, pheasants, quail and other wildlife.

• Frontage on 60^th and 170^th Street.

SALE PROCEDURE: Tracts 1 and 2 will be offered by bidder’s choice whereby the high bidder has the privilege of selecting either one or both tracts in the first auction session. In the event that one tract is selected, the remaining tract will then be sold.

TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due at closing on or before October 31, 2024 and not prior to October 1, 2024. Seller shall retain all 2024 CRP payments and rental income from the cropland. Buyers are required to assume and comply with the terms and conditions of the existing CRP contracts. Buyers will receive all 2025 CRP payments per the existing contracts. Buyer will receive possession of the existing cropland on Tract 1 upon the competition of the harvest of the 2024 crop and no later than December 31, 2024. Title insurance will be provided. The 2024 real estate taxes payable in 2025 will be paid by the seller. The farm is selling with no contingences. Bidders must have financing arrangements made prior to participating in the auction. All statements and representations herein are believed to be correct, however, the sellers and the auctioneers make no warranties or guarantees expressed or implied. Any announcements made on the day of sale will supersede those previously advertised. Van Adkisson Auction Service LLC serves solely as agent for the seller and assumes no liability of any kind with the property being sold.

You must be a registered user to bid, either in-person or online. By bidding you are stating that you are ready and willing to purchase the tract for your bid amount. Bidders acknowledge that Van Adkisson Auction Service, LLC does not have any responsibility or liability for the website(s) used for Internet bidding. Despite best efforts to prevent technology failures, Buyer and Seller acknowledge that Van Adkisson Auction Service, LLC cannot guarantee the operation or performance of the Internet bidding site. There may be occasional interruptions and delays relating to the use of the Internet and the Website. Furthermore, Van Adkisson Auction Service, LLC shall not be held liable (for lost profits or special damages) or responsible for the function of the website or its inability to function. Bidders acknowledge that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Van Adkisson Auction Service, LLC. Van Adkisson Auction Service, LLC reserves the right to deny any person access to online bidding if unable to adequately verify the bidder. Winning bidders will be notified via phone or email immediately after the close of the auction to make arrangements for completing the purchase agreement and collection of earnest money.

SPECIAL NOTICE: The auction will be conducted both In-Person and Online. Online bidding is powered by Proxibid. Join us at the auction venue or participate from your home or office. Contact the auction firm for further details.