Yates City Community Center, 102 W. Main St., Yates City, IL 61410
SUMMIT AG FUND II, LLP
FARM LOCATION: The land is located 2 miles Northeast of London Mills, IL on County Road 29 (50N) or 8 miles West of Farmington, IL on Route 116 to Route 97, 1 mile North to County 29 (50N) then 4 miles West in the Northeast Quarter of Section 35, Chestnut Township (T.9N-R2E.), Knox County, Illinois. The farm has frontage on County Road 29 (50N) and Knox Road 1100E.
DESCRIPTION: The farm will be sold in one tract and presently includes 123.77 +/- acres of undulating to gently rolling cropland with the balance in grass waterways, timbered areas and the pond site. There are several acres of the timber that could be converted to tillable land. Primary soil types of the cropland are Rozetta and Greenbush silt loams with a PI rating of 114.8. The area is well known as an excellent habitat for large deer, wild turkey and other wildlife. This desirable tract offers a high percentage of income producing cropland complimented with recreational acreage for hunters and sportsmen.
TERMS OF SALE: Ten percent (10%) of the purchase price to be paid down at time of sale with balance due on or before January 10, 2022. Title insurance will be provided. The 2021 real estate taxes payable in 2022 will be paid by the seller. All statements and representations herein are believed to be correct, however, the seller 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 sellers and assumes no liability of any kind with the property being sold.