116.39± Acre Farmland Auction · 1 Tract Near Franklin · Morgan County, Illinois

Auction Date: Thursday, September 30 @ 10:00AM

Auction Location: Pathway Services Community Room, 1905 W. Morton Ave., Jacksonville, IL 62650

116.39± Acre Farmland Auction · 1 Tract Near Franklin · Morgan County, Illinois

A rare opportunity in Morgan County, Illinois! This 116.39± taxable acre tract is entirely tillable with highly-productive soils resulting in an extremely strong Class A 142.6 PI rating. It is a great producer with exceptional 5-year averages of 232.56 bu/acre corn and 67.40 bu/acre beans. Recent soils tests from 2018 show strong fertility with averages of PH 6.4 – P 48 – K330. This farm also is enrolled in the APEX Wind Energy project with three underground cables placed in its northern section. Subsequent future payments based on this project’s output will add an additional revenue stream to the new owner. Tenancy is open for the 2022 farming season. As great as they come, don’t let this farm be the one that got away!

To learn more, contact the Seller’s Designated Representative and Managing Broker, Luke Worrell at 217.473.7039 or LukeW@Worrell-LandServices.com.

 

Seller: Hobart R. Hinderliter Revocable Living Trust & Marian G. Hinderliter Revocable Living Trust

Auction Format: Traditional in-person bidding.

Property Location: One-mile Northwest of Franklin in Central Morgan County, Illinois Section 23 – Township 14N – Range 9W

Acreage: 116.39± taxable acres; 117.78± USDA tillable acres. Tract is selling by the acre based on taxable acreage. Bidders may verify acreage to their satisfaction prior to the auction.

Access: From Dahman Road along the Southern boundary

Productivity Index Rating: 142.6

Soil Types: Ipava, Sable, Muscatune, Buckhart, Osco

Topography: Level

Parcel Numbers: 14-23-100-003 and 14-23-300-003

2020 Taxes (Payable 2021): $5,100.50

Representing Attorney: Dan Beard · Bellatti Fay Bellatti & Beard LLP · Jacksonville, IL · 217.408.0686

Auctioneer: Darrell Moore · IL Lic. 440.000506 · 217.473.5486

Sales Terms Summary: Upon conclusion of auction, Seller and Buyer(s) shall enter into a purchase Agreement, with the Buyer(s) to pay ten percent (10%) of the purchase price as down payment. Balance due and payable on or before November 11, 2021. Possession will be given at closing. The property is free of any tenant’s rights for 2022. Seller will convey by Trustee’s Deed, and will furnish title insurance in amount of the purchase price. Seller will pay the 2021 real estate taxes payable in 2022 by giving Buyer(s) a credit against the purchase price. Procurement of financing shall be the sole responsibility of the Buyer(s) and must be obtained prior to the auction. Broker is acting as the Seller’s agent for the Hobart R. Hinderliter Revocable Living Trust & Marian G. Hinderliter Revocable Living Trust and is not representing any Buyer(s). The property is being sold “AS IS” without representation or warranty expressed or implied. The sale is subject to Seller’s approval. The property is being sold by the acre. Auctioneer reserves the right to set the bid increments. Seller is not responsible for any accidents that may occur while inspecting the property. Buyer(s) should verify the information to their satisfaction. ANNOUNCEMENTS MADE BY THE BROKER AND/OR AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

COVID Considerations: Please be aware of the following COVID-19 considerations for our upcoming land auctions. Like many of you, masks aren’t our favorite and we’re ready to have all this behind us. But since that is not yet the case, and since some attendees may have immunocompromised family members at home, we’ll support local efforts to slow the spread and hopefully return to “normal” sooner than later.

  • Masks and social distancing will be suggested. Worrell Land Services staff will wear masks except when making announcements over the microphone.
  • Every attendee, regardless of bidding intentions, will be asked to sign in with their name and number to allow for contact tracing if necessary.
  • Masks and hand-sanitizer will be available on-site.
  • Sorry, no SafeCo donuts this time around. Heartbreaking, we know! We’ll have prepackaged snacks instead.

 

Information contained herein was obtained from private and public sources with best efforts to express same as accurately as possible and is subject to individual verification. No liability for any inaccuracies, errors or omissions is assumed by the owners or their agents. Boundaries on maps and photos are approximate. Worrell Land Services, LLC is acting as the seller’s agent.

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Luke Worrell is the Managing Broker for Worrell Land Services, LLC.