Name Land Auction: 71 Acres - Morris, IL
Auctioneer Richard A. Olson & Associates, Inc
Date(s) 2/15/2020
Saturday, February 15, 2020 at 10:00 AM
Location 3835 N IL-47
Morris, IL 60450
Buyer Premium No Buyer's Premium
Description
LAND AUCTION 71± Acres - Section 15 - Wauponsee Township - Grundy County, IL Saturday, February 15, 2020 at 10:00 AM Farm Location: 1 mile south of the Morris Illinois River Bridge on IL-47, then east 1/2 mile on Southmor Rd. Farm located on the southside of the road. Click for map link. Auction Location: Moose Lodge #967, 3835 N IL-47, Morris, IL 60450 Auction Directions: 1 mile south of Morris (IL River Bridge) on IL-47. Download the following at www.richardaolson.com: Flyer - Aerial Map - Aerial Map2 - Soil Map - Topography Map - FSA Info - Tax Map Tract Information: PIN: 05-15-451-002 - Zoned Residential-2 - 71.64 Acres - 66.96 Tillable Cropland (FSA) - 123.4 Crop Productivity Index - Mainly Selma Loam, Darroch Silt Loam & Warsaw Loam Soils - NO CRP - PLC Yield 116 - 2018 Taxes $1,549.42 Legal Description: W 1/2 SE (EX BEG NW COR, E474.06’, S268.14’, W474.54’, N286.14’ TO POB & EX DEWEY EST SUB) SEC 15-33-7. Districts: COUNTY, JOLIET JR COLL 525, MORRIS AREA LIBRARY, MORRIS FIRE AND AMBUL, MORRIS GRADE 54, MORRIS HIGH 101, NO WA MULTI-TWP, WAUPONSEE TWP, WAUPONSEE TWP ROAD. AUCTION TERMS: The property will be sold per gross acres. The Seller shall provide a clear title to the Real Estate subject to any and all easements recorded at time of sale. The successful bidder will be required to enter into Seller’s sales contract on day of sale and deposit $40,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The Seller will retain 100% of the 2019 farm income. Buyer will receive a credit at closing for the 2019 taxes due in 2020. The farm lease will be open for the 2020 crop year. Seller reserves the right to accept or reject bids. Closing on or before Tuesday, March 31, 2020. Owners: Patricia Dewey Sanders Estate & Sue Dewey Sattersten Seller’s Attorney: Donald F. Black Black & Black Lawyers 201 Liberty St, Suite #211 Morris, IL 60450 815-942-0594 Auction conducted by Richard A. Olson & Associates, Inc. Auctioneers: Dick Olson - IL License #440.000585 Erik Olson - IL License #441.001909 531 Bedford Rd, Morris, IL 60450 (815) 942-4266 www.richardaolson.com
Auction Terms & Conditions AUCTION TERMS: The property will be sold per gross acres. The Seller shall provide a clear title to the Real Estate subject to any and all easements recorded at time of sale. The successful bidder will be required to enter into Seller’s sales contract on day of sale and deposit $40,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The Seller will retain 100% of the 2019 farm income. Buyer will receive a credit at closing for the 2019 taxes due in 2020. The farm lease will be open for the 2020 crop year. Seller reserves the right to accept or reject bids. Closing on or before Tuesday, March 31, 2020. --------------------------------------------- ------------------------------------------ Terms Of Use

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The successful bidder will be required to enter into Seller’s sales contract on day of sale and deposit $40,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price.
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