SELLAFARM

YOUR TEAM ON THE GROUND

Richland Co., IL Land Auction

157+/- Acres, 90+/- Acres Tillable, 38.17 Acres of CRP

1st Year, Buyer Can Leave in Program or Terminate & Put Into Production

Live Auction with Live Online Bidding Available!

Thursday August 19th, 2021, 5PM Central

Auction Location: The Holiday, Olney, IL, 1300 S. West St., Olney, IL 62450

Tract 1 – 48+/- Acres, 46+/- Acres Tillable

Latitude: 39.842043 Longitude: -88.12556

Location: 6 Miles North of Olney, IL on IL Route 130 to Dundas Lane Intersection, West 2 Miles to 900E (Shipley Rd.), North .75 Mile to Co. Rd. 1875N (Hersey Lane), East .25 Mile to Land Location. Signs posted.

Brief Legal: Land in W1/2 Section 29, Preston Township, Richland County, Illinois.

Access: Near Full Frontage Access to Co. Rd. 1875N (Hersey Lane).

Soils: 5D3 Blair 39.5, 14B Ava Silt Loam 8.5%, 652C2-Passport Silt Loam 13.9%, 13:B2 Bluford Silt Loam 8.5%. 3382A Belknap Silt Loam 7.6%. Weighted Productivity Index: 87.9. HEL Classification.

FSA Info (For Entire Farm): Corn Base Ac. 63.20, PLC yield 123; Soybean Base Ac. 31.99, PLC Yield 38; Wheat Base Ac., 21.90, PLC Yield 42; CRP: 38.17 Acres; First Year – Buyer Can Leave in Program or Terminate and Put into Production. 38.17 Ac. CRP. Annual Payment of $4,344.92 ($113.83 Per Acre). Digital copy of Farm Service Map & 156 Record are available for viewing 24 hours a day on www.sellafarm.com

R.E. Estimated Taxes (For Entire Farm): Richland County Assessor Parcel Index Numbers 02-29-100-007, 02-29-200-002, 02-29-300-002, 02-29-400-001; $1,588. 2021 taxes, due & payable 2022 to be paid by SELLAFARM to buyer(s) as estimated credit on date of closing, Buyer(s) thereafter. County/courthouse to divide accordingly. Digital copy of Tax Bill are available for viewing 24 hours a day on www.sellafarm.com

Tract 2 – 46+/- Acres, 44+/- Acres Tillable

Latitude: 38.84192 Longitude: -88.120853

Location: 6 Miles North of Olney, IL on IL Route 130 to Dundas Lane Intersection, West 2 Miles to 900E (Shipley Rd.), North .75 Mile to Co. Rd. 1875N (Hersey Lane), East .25 Mile to Land Location. Signs posted.

Brief Legal: Land in E1/2 Section 29, Preston Township, Richland County, Illinois.

Access: Near Full Frontage Access to Co. Rd. 1875N (Hersey Lane).

Soils: 5D3-Blair 43.5%; Ava Silt Loam 30.89%, Bluford Silt Loam 13.7%, 143C Ava 5.3%, & Others; Weighted Productivity Index: 87.8.

FSA Info (For Entire Farm): Corn Base Ac. 63.20, PLC yield 123; Soybean Base Ac. 31.99, PLC Yield 38; Wheat Base Ac., 21.90, PLC Yield 42; CRP: 38.17 Acres; First Year – Buyer Can Leave in Program or Terminate and Put into Production. 38.17 Ac. CRP. Annual Payment of $4,344.92 ($113.83 Per Acre). Digital copy of Farm Service Map & 156 Record are available for viewing 24 hours a day on www.sellafarm.com

R.E. Estimated Taxes (For Entire Farm): Richland County Assessor Parcel Index Numbers 02-29-100-007, 02-29-200-002, 02-29-300-002, 02-29-400-001; $1,588. 2021 taxes, due & payable 2022 to be paid by SELLAFARM to buyer(s) as estimated credit on date of closing, Buyer(s) thereafter. County/courthouse to divide accordingly. Digital copy of Tax Bill are available for viewing 24 hours a day on www.sellafarm.com

Tract 3 – 31+/- Acres, 21.5+/- Acres CRP, 6.5+/- Wooded Acres

Latitude: 38.837723 Longitude: -88.125295

Location: 6 Miles North of Olney, IL on IL Route 130 to Dundas Lane Intersection, West 2 Miles to 900E (Shipley Rd.), North .75 Mile to Co. Rd. 1875N (Hersey Lane), East .25 Mile to Land Location. Signs posted.

Brief Legal: Land in W1/2 Section 29, Preston Township, Richland County, Illinois.

Access: Buyer will own 30 ft. wide for access to Co. Rd. 1875N, Hershey Ln. and will continue south following tree line, then East. Will be measured from base of trees.

Soils: 5D3-Blair 53.3 %; 3382A Belknap Silt Loam 37.5; 13C2 Bluford Silt Loam 4.4%; Weighted Productivity Index: 93.5.

FSA Info (For Entire Farm): Corn Base Ac. 63.20, PLC yield 123; Soybean Base Ac. 31.99, PLC Yield 38; Wheat Base Ac., 21.90, PLC Yield 42; CRP: 38.17 Acres; First Year – Buyer Can Leave in Program or Terminate and Put into Production. 38.17 Ac. CRP. Annual Payment of $4,344.92 ($113.83 Per Acre). Digital copy of Farm Service Map & 156 Record are available for viewing 24 hours a day on www.sellafarm.com

R.E. Estimated Taxes (For Entire Farm): Richland County Assessor Parcel Index Numbers 02-29-100-007, 02-29-200-002, 02-29-300-002, 02-29-400-001; $1,588. 2021 taxes, due & payable 2022 to be paid by SELLAFARM to buyer(s) as estimated credit on date of closing, Buyer(s) thereafter. County/courthouse to divide accordingly. Digital copy of Tax Bill are available for viewing 24 hours a day on www.sellafarm.com

Tract 4 – 32+/- Acres, 16.65+/- CRP, 14.35+/- Wooded Acres

Latitude: 38.837861 Longitude: -88.11963

Location: 6 Miles North of Olney, IL on IL Route 130 to Dundas Lane Intersection, West 2 Miles to 900E (Shipley Rd.), North .75 Mile to Co. Rd. 1875N (Hersey Lane), East .25 Mile to Land Location. Signs posted.

Brief Legal: Land in E1/2 Section 29, Preston Township, Richland County, Illinois.

Access: Buyer will own 30 ft. wide for access to Co. Rd. 1875N, Hershey Ln. and will continue south following tree line, then East. Will be measured from base of trees.

Soils: 3382 Belknap Silt Loam 36.5%; 5D3 Blair 30.7%; 3108A-Bonnie Silt Loam 26.2%; 652 C2 Passport Silt Loam 4.5%; Weighted Productivity Index: 101.1.

FSA Info (For Entire Farm): Corn Base Ac. 63.20, PLC yield 123; Soybean Base Ac. 31.99, PLC Yield 38; Wheat Base Ac., 21.90, PLC Yield 42; CRP: 38.17 Acres; First Year – Buyer Can Leave in Program or Terminate and Put into Production. 38.17 Ac. CRP. Annual Payment of $4,344.92 ($113.83 Per Acre). Digital copy of Farm Service Map & 156 Record are available for viewing 24 hours a day on www.sellafarm.com

R.E. Estimated Taxes (For Entire Farm): Richland County Assessor Parcel Index Numbers 02-29-100-007, 02-29-200-002, 02-29-300-002, 02-29-400-001; $1,588. 2021 taxes, due & payable 2022 to be paid by SELLAFARM to buyer(s) as estimated credit on date of closing, Buyer(s) thereafter. County/courthouse to divide accordingly. Digital copy of Tax Bill are available for viewing 24 hours a day on www.sellafarm.com

Farm Rights: Current Tenant to have 2021 farm rights. Current Crop Share Agreement: 2/3 tenant, 1/3 owner. Buyer to receive 50% of the 2021 sellers income. Tenancy Termination letter for the 2022 season will be completed by seller's attorney effective upon harvest of 2021 crop.

Mineral Rights: Buyer to receive 50% of interest in all oil, gas, hydrocarbons & any other minerals owned by sellers, if any.

Possession: Possession date of closing, subject to the rights of the existing farm tenants for the 2021 crop year.

Survey: Any survey cost to be paid by buyer(s). Any acreage difference greater than half (½) acre plus or minus from the advertised acreage discovered in survey will be reflected in price adjustment based upon original bid price per acre & original buyer’s premium per acre.

Terms: 10% down day of sale non-refundable escrow. 6% Buyer’s Premium. Closing to occur as soon as necessary documents are prepared, Plan to close within 45 days. Have financial arrangements made prior to sale as sale is not contingent upon Buyer(s) ability to obtain financing.

Title: Seller shall furnish the buyer(s) at Seller's expense an Owners Policy of Title Insurance in the amount of the purchase price for surface rights only, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

Agency: SELLAFARM, Your Team on the Ground and its representatives are acting as Agents for the Seller.

Approval of Bids: This land is being sold subject to owner confirmation.

Other Announcements: All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Announcements made from podium day of auction take precedence over any previous information.

Log onto www.sellafarm.com complete listing, aerials, drone tour, photos & plats.

For more information, Gregg Parrott at 618-843-4905 -or- Zane Parrott at 812-890-54542.

Inspection Dates of Tuesday August 10th, 4 – 6 PM Central -and- Tuesday, August 17th 4 – 6 PM Central to meet a SELLAFARM Representative at Tract 1 of the Property for a guided side by side tour of the property!

Prospective Buyer(s) are welcome to walk the land at their Convenience!

Ray McCormack & Donald E. McCormack Trust - Seller

157+/- Acres, Richland Co., IL - Ray McCormack & Donald E. McCormack Trust - Seller