Public Land Auction
Jack & Linda Summerlott - Owners

115.77 +/- Total Acres to be sold in 3 tracts

Possible Building Sites, Recreational Terrain,

Hunting Ground & Tillable Farmland

July 24, 2008 at 7:00 PM

American Legion Hall, Oconee, Illinois

Sections 1 & 2, Oconee Township

(T.9N.-R.1E.)

Shelby County, Illinois

Part of Tax ID Numbers:

1122-01-00-100-003

1122-02-00-200-002

TRACT 1

This tract of land consists of approximately 29.30 +/- acres of mostly tillable farmland, and it is a perfect opportunity for the production farmer to increase tillable acreage.  

Legal Description:  29.30 Acre Tract - That part of the North 1/2, of the Northwest 1/4, of Section 1, Township 9 North, Range 1 East of the Third Principal Meridian, Shelby County, Illinois, described as follows: beginning at the Northeast corner of the Northwest 1/4, of said Section 1; thence S.1°00'40"E.-688.21 feet along the East line of the Northwest 1/4, of said Section 1; thence S.89°54'23"W.-777.37 feet; thence S.1 °00'40"E.-636.79 feet to a point on the existing public roadway; thence S.89°54'22°W.-542.94 feet along said public roadway; thence N.0°58'07"W.-1359.50 feet to an existing hedge post on the North line of the Northwest 1/4, of said Section 1; thence S.88°35'44"E.-1320.30 feet along said North line to the point of beginning.

TRACT 2

This tract of land consists of approximately 42.17 +/- acres of partly wooded and partly tillable.  This tract of land offers hunters with wooded acreage and provides tillable acres for the investor wanting income from the property.  A portion of this tract of land is enrolled in the CRP Program.

Legal Description:  42.17 Acre Tract - That part of the North 1/2, of the Northwest 1/4, of Section 1, Township 9 North, Range 1 East of the Third Principal Meridian, Shelby County, Illinois, described as follows: beginning at the Northwest corner of said Section 1; thence S.88°35’44"E.-1337.46 feet along the North line of the Northwest 1/4, of said Section 1, to an existing hedge post; thence S.0º58’07"E.-1359.50 feet to a point on the existing public roadway; thence S.89°54'22"W.-1332.02 feet along said public roadway to the Southwest corner of the North 1/2, of the Northwest 1/4, of said Section 1; thence N.1°09'06"W.-1394.55 feet along the West line of the Northwest 1/4, of said Section 1 to the point of beginning.

TRACT 3

This tract of land consists of approximately 44.30 +/- acres of recreational land that is also enrolled in the CRP Program until the year 2013. 

Legal Description:  The Northeast Quarter of the Northeast Quarter of Section 2, Township 9 North, Range 1 East of the Third Principal Meridian, Shelby County, Illinois.

Location of Property

Property is located approximately 2 miles south of Oconee, IL on Route 51 to 300N.  Turn east and travel 2.5 miles, next go 1/2 mile south, followed by 1/2 mile east then 1/4 mile north

The property will be marked by

Gordon Price Auction Service Signs.

SOIL TYPES

Shelby County Supervisor of Assessment Records Indicate These Soil Types:

#15C2 Parke Silt Loam,

#13B Bluford Silt Loam

#14B Ava Silt Loam

#13A Bluford Silt Loam

#15D2 Parke Silt Loam,

#583B Pike Silt Loam

#6B2 Fishhook Silt Loam

#12 Wynoose Silt Loam

#50 Virden Silty Clay Loam

FSA DATA

Shelby County Farm Service Agency Records indicate the following data from a whole tract from which these 3 tracts originated:

Farm #1955           Tract #272

Direct & Countercyclical Yields:

Wheat                         54

Corn                         105

Property will sell as is, where is.  Buyer will be required to enter into a written contract on day of auction.  Nonrefundable 10% down day of sale with balance due at closing, within 30 days.  Buyer will receive full possession at closing.  Buyer will receive landlord’s share of the 2008 crop and pay landlord’s share of expenses.  Buyer will be furnished an owners title policy.  2007 Taxes due in 2008 will be paid by sellers and all real estate taxes thereafter to be paid by the buyer.  Any available mineral rights stay with property.  Commitment for Title Insurance will be available for examination at the office of Attorney Daniel M. Franklin, 123 East Third Street, Pana, IL  62557. 217-562-5077.

GORDON PRICE AUCTION SERVICE

5700 East State Hwy 33

Shumway, IL  62461

Auctioneers

Gordon’s Home #217-868-5788

Chris’s Home #217-774-4706

Gene’s Home #217-562-3092

Illinois State License #’s

 440000314       4410000788      440000769