FARM LOCATION: One mile West and 1 ½ mile North of North Henderson, Illinois.

GENERAL DESCRIPTION: This farm contains 320 acres, more or less, selling in 4 Surveyed Tracts. This farm is located in the S ½ of Section 15, T13N, R1W (North Hend. Twp.) Mercer Co., IL.

Tract 1: This tract contains 87 acres, M/L, in the SE 1/4 of Sec. 15 of which approx. 84.5 acres are tillable. This tract lies level to gently rolling and contains good highly productive Illinois soils.

Tract 2: This tract contains 101 acres, M/L, located in the SW ¼ of Sec. 15 with approximately 78 level to rolling tillable acres. The balance is in heavy timber & waterways.

Tract 3: This tract contains 64 acres, M/L, and is improved with a 3 bdr., one story farm home, 2 large barns, a 40’x56’ pole machine shed, a 30’x60’ quonset storage building, & other small outbuildings. This tract has approximately 31 tillable acres, that are level to gently rolling, with the balance in open pasture & timber. This tract also has a small pond. This tract lies directly north of tract 2.

Tract 4: This tract contains 62.5 acres, M/L, with approx. 8 acres tillable. The balance of this tract is in heavy timber & open pasture with year round spring fed water. This is an excellent hunting & recreation farm.

FSA Information:

Corn: Soybeans:

Base: 98.6 acres Base: 89.0 acres

Direct & CC Yield: 122 bushels Direct & CC Yield: 31 bushels

Legal Description: Legal descriptions will be available sale day after the survey of each tract.

Sale Procedure: High bidder’s choice. Tracts selling on a per acre basis on surveyed acres. No combinations will be offered.

For a showing or more information, contact the auctioneers.

TERMS OF SALE
1. 10% of the purchase price is due sale day, with the balance due at closing on or before March 1, 2009.
2. Title Insurance or Updated Abstract, at seller’s option, will be furnished by seller.
3. Seller will pay 2008 real estate taxes due in 2009. Buyer will pay all thereafter.
4. Possession will be given at closing.
5. Buyer & Seller will enter into a written contract sale day embodying these terms.
6. All FSA measures & yields are believed to be accurate but are not guaranteed.
7. Any announcements made sale day take precedence over all others, printed or oral.
8. The property is selling on an “AS-IS, WHERE-IS” basis, without any representations or warranties expressed or implied.
9. All statements and representations herein are believed to be correct; however, the auction company and the seller make no warranties, either expressed or implied, concerning the advertised literature and statements herein.

Auctioneers’ Note: This farm offers good tillable acres as well as excellent hunting & recreation areas and a nice home site. This auction has something for everyone.

Frank Adams Estate, Seller
Gerald F. Adams, Independent Executor

Attorney for Seller: Ron Stombaugh, Monmouth, IL 309-734-3150

Gregory Real Estate & Auction, LLC
Alexis, IL  309-482-5575