is pleased to offer via Sealed Bid Sale

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1 is pleased to offer via Sealed Bid Sale /- ACRES IN FULTON COUNTY, IL GORSUCH-HENSLEY REAL ESTATE & AUCTION, INC North Main Street Canton, IL Phone Fax Website

2 PROPERTY DESCRIPTION Gorsuch-Hensley Real Estate & Auction, Inc. is pleased to offer for sale /- surveyed acres located approximately 8 miles NE of Canton, or 20 miles W of Peoria, in Section 3 of Orion Township, Fulton County, IL. To reach the farm from the east edge of Canton, travel east on Fulton County Highway 27 (turns into County Highway 28/Stone School Road) for 7.1 miles to the intersection of CH 28 and Birds Corner Road, and the property will begin on your left/west. The property is mainly comprised of tillable farmland, and features road frontage on both CH 28/Stone School Road and Birds Corner Road. The topography is level to gently sloping, and the property does not have any building improvements. According to the Fulton County Farm Service Agency, the property contains 16.2 tillable acres; the corn base is 10.4 acres with a direct payment and countercyclical payment yield of 91 bushels per acre; the wheat base is 5.8 acres with a direct and countercyclical payment yield of 43 bushels per acre. The 2010 real estate taxes, paid in 2011, totaled $141.40, and this property was previously part of a larger tax parcel. For any questions related to the pending reassessment of the subject property, please contact the Fulton County Supervisor of Assessments in Lewistown at This tract would make a nice purchase for a local farmer seeking to expand their farm operation, or an investor interested in buying a small tillable acreage for income. The property is being offered via the One-Chance Sealed Bid Sale process. We encourage you to review the enclosed information, and complete your full due diligence on the property. Then, make your best bid on the property via completion and delivery of bid form to Gorsuch-Hensley Real Estate & Auction, Inc. on or before Friday March 16th at 5 PM. Only sealed bids received by the 5 PM deadline will be considered. PLAT MAP SUBJECT Co. Hwy 28 CANTON Canton Lake Co. Hwy 27 Reproduced with permission of Rockford Map Publishers. 2

3 AERIAL PHOTO Co Hwy 28 / Stone School Road NORTH SUBJECT ** Note: All Boundary Lines are Approximate. ** Out Birds Corner Road For more information, or to setup a private showing, please contact Curtis Gorsuch, the Seller s Designated Agent at: GORSUCH-HENSLEY REAL ESTATE & AUCTION, INC North Main Street Canton, IL or curtis@gorsuch-hensley.com 3

4 TILLABLE SOILS MAP 4

5 TOPOGRAPHY MAP 5

6 PLAT OF SURVEY Plat of Survey was completed by Ron Cloninger in February

7 PICTURES The data and information contain in this brochure is considered to be true and accurate. However, no representation or warranty to that effect is being made. The data and information contained herein are subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice. The stated sale process and terms may be subject to change without notice or approval. The Seller further reserves the right to accept or reject any and/or all offers. All questions, inspection scheduling, and/or offers should be directed through the Seller s Designated Agent. 7

8 SEALED BID INSTRUCTIONS 1. Review the enclosed packet of information, and determine your interest in the property. 2. Call with any questions about the property or the Sealed Bid Sale process. 3. Make your best bid** on the enclosed form before 5 PM. ** NOTE This Sealed Bid Sale is a One-Chance process. Each bidder will need to submit their single best bid. Bidders will not be given the opportunity to raise their bid. The Seller will only review those bids that are received by the March 16, 5 PM deadline.? Questions? Call Curtis Gorsuch at Gorsuch-Hensley Real Estate & Auction, Inc N. Main Street Canton, Illinois

9 Terms of Sealed Bid Sale BID FORM Bid Submission Deadline: Friday March 16th, 5 PM Procedure: The property will be offered in 1 tract. All sealed bids must be submitted by U.S. Mail or in person to the office of Gorsuch-Hensley Real Estate & Auction, Inc. at 1050 N. Main St., Canton, IL Only those bids received by 5 PM on 3/16/12 will be considered a postmark is not sufficient. Minimum Per Acre Bid: The Seller requires a minimum per acre bid of $5,000 to be considered valid. Down Payment: A 10% down payment check, made payable to Gorsuch-Hensley Real Estate & Auction Escrow Account, must be submitted with the Sealed Bid in order for the bid to be valid. The down payment can be paid by personal check, corporate check, or cashiers check. Upon acceptance, the earnest money check of the successful bidder will be deposited. Closing: Closing shall take place on or before April 13, The balance of the purchase price is payable at this time. Acceptance of Bid Prices: The Seller reserves the right to accept or reject any bid. Owner acceptance/rejection shall take place by 5 PM on Monday March 19, Possession: Full possession of the property will be given at the time of closing, with full 2012 farming rights. Real Estate Taxes: The Seller will pay the 2011 real estate taxes, payable in 2012, at the time of closing. The Buyer shall be responsible for the 2012 real estate taxes, payable in 2013, and any and all taxes thereafter. Title: The Seller will furnish the Buyer with an owner s policy of title insurance in the amount of the purchase price, and will provide a proper deed conveying the real estate to the Buyer. Mineral Rights: Sale of the property shall include any mineral rights owned by the Seller. Financing: This sale is not contingent upon buyer financing be sure you have your financing arranged prior to bidding. Disclaimer & Absence of Warranties: The property is being sold on an AS IS, WHERE IS, WITH ALL FAULTS basis, and no warranty or representation, either express or implied, concerning the property is made by either the Seller or the auction company. Each bidder is responsible for conducting its own independent inspections, investigations, and all due diligence concerning the property and the auction and do so at their own risk. Neither the Seller nor Gorsuch-Hensley are warranting any specific zoning classification, location of utilities, assurance of building permits, driveway permits or water or septic permits; nor warranting or representing as to fitness for a particular use, access, water quantity or quality, or physical or environmental condition. Information contained in this brochure is subject to verification by all parties relying on it. Diagrams/dimensions in this brochure are approximate. All acreages are estimates. All information contained in this brochure and any related materials are subject to the terms and conditions of sale outlined in the purchase contract. Agency Disclosure: In this sale, Gorsuch-Hensley Real Estate & Auction, Inc. and its staff are agents for the Seller. Owner: Mr. Brandon Taylor ACKNOWLEDGEMENT OF TERMS & MY BID I acknowledge that I have read and that I understand and agree to the above terms and conditions for this Sealed Bid Sale. I further understand that if my bid for the property is not accepted, that my earnest money check returned to me by certified mail, or personal delivery, with postmark no later than Tuesday March 20, If my bid is accepted, I understand that the Seller s Attorney will prepare a complete purchase agreement for signature by the parties. My per acre bid for the property is: The total dollars for my bid equals: (Per Acre) (Total Dollars) My address is: My phone number is: Buyer Signature Date Seller Signature Date 9