METHOD & TERMS

Tracts 1 & 2 will be sold on a price per acre basis, based on surveyed acres & will be sold through the marketing method of ?Buyers Choice,? whereas the high bidder can elect to purchase either or both tracts for their high bid. If the high bidder does not elect to purchase both tracts, then the remaining tract will be offered in the same manner. Tract 3 will then be sold for a lump-sum, total dollar amount.

The tracts will NOT be offered in their entirety at the conclusion of the auction.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before 5:00 pm on Friday, October 18, 2024. The seller will provide a trustee deed, title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024 and the 2024 real estate taxes due in 2025 (estimated as a credit at closing, based on the most current tax information). Buyer will be responsible for the taxes accruing in 2024 and all subsequent real estate taxes. The seller will retain all the 2024 lease payment from the existing tenant. Possession will be given at the time of closing, subject to existing farm tenant?s rights for the 2024 crop season and subject to the current residential tenant?s rights.

All announcements made on sale day shall take precedence over prior advertising, either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no express or implied warranties made by the seller or Merit Auctions pertaining to the real estate, which is being sold AS IS.

Auction Representative:
Dale Jones (309) 299-6400

• FSA figures should indicate 101.8 cropland acres
• Productivity Index (PI): 116.8
• Productive soil types include: Raddle, Niota, Coloma, Booker, Cresent, Littleton
• State highway access along the east by Keithsburg Rd. (76th St)
• Mostly tillable
• Small wooded area suitable for recreational purposes or potential home site
• Cash rent and yield info available upon request

• FSA figures should indicate 29.32 cropland acres
• Productivity Index (PI): 112.4
• Productive soil types include: Cresent, Raddle, Sparta, Dickinson, Niota, Littleton, Coloma
• State highway access along the east by Keithsburg Rd. (76th St)
• Nearly 100% tillable
• Cash rent and yield info available upon request

• Two very nice country homes
• Mercer County Schools
• Asphalt driveway
• Secluded location
• Wooded recreational land
• Whitetail deer habitat
• Wetlands, waterfowl habitat
• Edwards River frontage to the west
• Several outbuildings and grain storage
• Deep well services both homes
• Three Bedroom Home
• Built 1979, 1408 square feet  (per Mercer County Assessor)
• Electrical entrance  updated 2021
• Septic fields added 2016
• 1000 gal septic tank
• Roof: Approximately 2015
• Pressure tank, well switch and water softener 2013
• 1000 gal LP tank owned
• 200 amp service
• 2 ... bath
• Built-in dishwasher
• 2-car attached garage
• Generac whole-house generator
• Wood-burning fireplace with gas starter
• Room Dimensions (approximate)
• • Kitchen: 11 X 13
  • Dining Room: 11 X 13
  • Living Room: 15 X 20
  • Master BR: 11 X13
  • BR #2: 10 X 13
  • BR #3: 9 X 10
  • Family Room: 14 X 41 (basement)