LIVINGSTON COUNTY, IL LAND AUCTION - ZIMMERMAN

Tract 1 – 112.80 Surveyed Acres

• FSA map should indicate approximately 111 NHEL cropland acres (split field)
• Productivity Index (PI): 114.9
• Soil types include Swygert, Bryce, and Martinton
• Access along the south side from E 900N Rd

Tract 2 – 120.15 Surveyed Acres

• FSA map should indicate approximately 118 NHEL cropland acres (split field)
• Productivity Index (PI): 114
• Soil types include Swygert, Bryce, Clarence, Milford, and Martinton
• Access along the south side from E900N Rd and along the east side from N 2900E Rd

The Maurice and Joy Zimmerman Farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before September 1, 2023.

The seller will provide title insurance in the full amount of the purchase price. The farm is being sold subject to an existing cash rent lease for the 2023 crop year. Seller will retain all of the 2023 rent income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing, subject to the existing cash rent lease with full possession given on October 31, 2023 or upon harvest of the 2023 crops, whichever is later.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold “AS IS”.

PIN 23-23-35-300-002 - 100A - $2874.16

• Includes $40 drainage district tax

PIN 23-23-35-400-003 - 132.32A - $3739.08

• Includes $52.94 drainage district tax