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Tract 2 “The Lower Farm”:
-114.86 +/- Acres
-94.1 +/- Tillable Acres.  Easy access to each of the fields from Oak Grove Road.
-Field #1:  42.63 +/- Acres.  Weighted Average PI:  114.9
-Predominant Soils:  Keomah silt loam, Rozetta silt loam & Navlys silty clay loam
-Field #2:  37.00 +/- Acres.  Weighted Average PI:  114.5
-Predominant Soils:  Rozetta silt loam, Fayette silt loam & Navlys silty clay loam
-Field #3:  5.51 +/- Acres.  Weighted Average PI:  118.3
-Predominant Soils:  Rozetta silt loam
-Field #4:  8.96 +/- Acres.  Weighted Average PI:  118.4
-Predominant Soils:  Rozetta sil loam & Keomah silt loam
-Remaining acreage (20.76 +/- Acres) consists of timber and waterways.  There is a drilled well located on the Northwest side of the farm.**The sale of both tracts is subject to a 10-day first-right of refusal.  Please call auction company for additional information**Tax ID’s:  15-35-400-015, 15-35-300-005 & 008
Annual Taxes:  $1,811.10
Location:  1.25 Miles South of Smithville Road, on Oak Grove Road, in Section 35, Trivoli Township, Peoria County, Illinois.Terms of Sale:
The Metzger farm will be sold in two tracts, using the “buyer’s choice” method of sale.  The highest bidder will be given the opportunity to select one or both tracts for purchase.  Should they only select one, an additional round of bidding will take place for the remaining tract.
The sale of these properties is being made with no financing, appraisal, or inspection contingencies, and are being sold “as-is”, with no warranties or guarantees.  The successful bidder(s) will be required to execute a real estate sales contract immediately following the sale.  Following the 10-day first-right of refusal, a non-refundable deposit, equal to 10% of the purchase price, will be collected from the successful bidder(s).
Both tracts are being sold subject to a farm lease for the 2020 farming season.  The seller has served a termination notice to the tenant farmer that will take effect immediately following the 2020 harvest.  Seller will retain all of the income for the 2020 crop year, and will also be responsible for the entirety of the 2020 property taxes, payable in 2021.
Closing will take place on, or before, November 4, 2020, at Brewer Law Office in Tremont.  The seller will pay for all title search fees and at closing will issue a Commitment for Title Insurance to the buyer, in the amount of the purchase price, ensuring to the buyer that the property is being sold clear of any defects or liens.  The seller will also pay for preparation and transfer of the deed, transfer taxes, one-half of the actual closing fee, and will pay the entirety of the 2020 real estate taxes, payable in 2021.
All announcements made on the day of the sale will take precedence over anything previously printed.  The seller reserves the right to reject any and all bids.  All maps and measurements are based on information readily available from the Peoria County Assessor’s Office and boundary lines are considered to be approximate.  Buyers should do their due diligence prior to bidding.