downloadable/printable pdf brochure for this auction

LARRY L. EDLEN ESTATE
~ REAL ESTATE AUCTION ~
of
9 PARCELS LOCATED IN
MORGAN and PIKE COUNTIES, IL
TO BE HELD AT 128 SOUTH WASHINGTON, MEREDOSIA, IL
SATURDAY, JANUARY 25, 2014 at 12:30 P.M.
SELLER: THE FARMERS STATE BANK & TRUST CO.,
ADMINISTRATOR
MIDDENDORF BROS. AUCTIONEERS
Information contained herein was obtained from private and public sources and is subject to individual
verification. No liability for its inaccuracy, errors or omissions is assumed by the Seller or their agents. All
drawings and lines on maps are approximate. Maps are not to scale.
SALE TERMS: Upon conclusion of auction Seller and Buyer(s) shall execute a purchase agreement with
Buyer(s) to pay a portion of purchase price as down payment, with balance payable on or before February
11, 2014. See each individual parcel for down payment amount. Possession given upon final settlement.
Seller will convey by Administrator’s Deed and furnish Title Insurance for amount of purchase price.
Procurement of financing shall be the sole responsibility of the Buyer(s). TAXES: The 2013 taxes due and
payable in 2014 to be paid by Seller by giving Buyer(s) a credit against the purchase price(s) based upon
the 2012 taxes paid in 2013. 2014 taxes due in 2015 and subsequent taxes to be assumed by Buyer(s).
AUCTION PROCEDURE:
Parcels #1 through #4 will be sold on a price per acre basis.
Auctioneers reserve the right to set bid increment
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PARCEL #1 – PIKE COUNTY, IL
LOCATED: Approximately one mile south of
Chambersburg on Route 21 then west on 375
for one mile.
PARCEL #1
DOWN PAYMENT: Ten (10) percent of
purchase price.
RECREATIONAL LAND - 82.79 ACRES,
more or less, unimproved.
LEGAL DESCRIPTION: The East one-half
of the Northeast Quarter of the Southeast
Quarter of Section 18; about 3 1/3 acres of
land out of the Southeast corner of the
Southeast Quarter of the Northeast Quarter of
Section 18, described as follows: Beginning at
a point where the quarter section line crosses
the Section line between Section 18 and 17,
running thence North 20 rods, thence West 25
rods, thence South 20 rods, thence East 25 rods to the place of beginning, all in Township 3 South, Range 2
West of the Fourth Principal Meridian, situated in the County of Pike, in the State of Illinois; and the
Northwest Quarter of the Southwest Quarter of Section 17 and the East Half of the Southeast Quarter of the
Southeast Quarter of Section 18, All in Township 3 South, Range 2 West of the Fourth Principal Meridian,
in the County of Pike, in the State of Illinois. Subject to easements of record and highways as now located.
RE TAXES - $185.10 (2012 PAID IN 2013)
FSA INFORMATION: Farm #4917 Total Acres 78.25 (Cropland Acres 28.63) No program enrollment
PARCEL #2 – 38.4 ACRES, more or less. Improved
with 120’ x 54’ Morton building and a garage.
LOCATED: On the south side of Meredosia on the
west side of Cemetery Road.
DOWN PAYMENT: Ten (10) percent of purchase
price.
BRIEF LEGAL DESCRIPTION: South Half of
PARCEL #2
Lots 9 & 10; Lot 11 and Lots 13-16; Part of the North
Right-of-Way
Half of Lots 9 & 10, All of these in Daniel Waldo’s
subdivision of the East Half of the Southwest Quarter,
AND Part of West Half of the Southwest Quarter of
Section 22, All in Township 16 North and Range 13
West, Morgan County, Illinois,
RE TAXES - $919.84 (2012 PAID IN 2013)
FSA INFORMATION: Farm #151 Total Acres
28.41 (Cropland Acres 25.96) Currently 2 years
remaining of 15 year CRP contract with payments of
$3,609.00 per year.
NOTE: This parcel is subject to an agreement between Ameren and The Farmers State Bank and Trust
Company, as Administrator of the Larry L. Edlen Estate, granting an option for an easement to Ameren,
that has been exercised. The payment amount will be a total of $30,000.00 to be paid to the buyer in two
separate payments in 2014.
UPDATED INFORMATION: This parcel has a right of way running east/west through the approximate
mid-part of the parcel.
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PARCEL #3 – 40 ACRES, more or less,
unimproved.
LOCATED: Approx. 1 mile south of junction
of Rte 104 and Rte 100, lying east off of Rte
100.
DOWN PAYMENT: Ten (10) percent of
purchase price.
LEGAL DESCRIPTION: The Northeast
Quarter of the Northeast Quarter of Section 36
in Township 16 North and Range 13 West of
the Third Principal Meridian, Morgan County,
Illinois.
RE TAXES - $ - 0 - (2012 PAID IN 2013)
FSA INFORMATION: Farm #91 Total
Acres 40.21 No program enrollment
PARCEL #4
PARCEL#3
TRACT #4 – 18.03 ACRES, more or less,
unimproved.
LOCATED: Approx. 1 mile south of junction
of Rte 104 and Rte 100, on east side of Rte
100
DOWN PAYMENT: Ten (10) percent of
purchase price.
LEGAL DESCRIPTION: A Part of the Southwest Quarter of the Southeast Quarter of Section Twentyfive that lies Southeasterly of the East right-of-way line of Illinois Route #100 in Township 16 North and
Range 13 West of the Third Principal Meridian, described as follows: Beginning at the Northeast corner of
the Southwest Quarter of the Southeast Quarter of said Section 25, thence West to the East right of way
line of Illinois Route #100, thence Southwesterly along said East right of way line 570 feet, thence East to
the East line of the Southwest Quarter of the Southeast Quarter of said Section 25, thence North to the
point of beginning, subject to highways as now located, and easements of record.
RE TAXES: $16.54 (2012 PAID IN 2013)
FSA INFORMATION: Farm #2547 Total Acres 19.56 (Cropland Acres 6.71) No program enrollment
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PARCELS #5 - #9
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PARCEL #5 – 128 S. WASHINGTON, MEREDOSIA, IL
.17 acre, approx. 60’ x 120’, improved with 40’ x 62’ Morton building.
DOWN PAYMENT: $2,000.00
LEGAL DESCRIPTION: Lot Nine (9) in Block Twelve (12) in Aylesworth and Cobb’s Addition to the
Town of Meredosia, Morgan County, Illinois.
REAL ESTATE TAXES: (2012 paid in 2013) $231.80
PARCEL #6 – 120 S. WASHINGTON, MEREDOSIA, IL
.17 acre, approx. 60’ x 120’, improved with 2 story house
DOWN PAYMENT: $1,000.00
LEGAL DESCRIPTION: Lot Eight (8) in Block Twelve (12) in Aylesworth and Cobb’s Addition to the
Town, now Village of Meredosia, Morgan County, Illinois.
REAL ESTATE TAXES: (2012 paid in 2013) $ - 0 - w/2 exemptions
PARCEL #7 – 301 MAIN STREET, MEREDOSIA, IL
.07 acre, approx. 30’ x 100’, former fish market building
DOWN PAYMENT: $500.00
LEGAL DESCRIPTION: One Hundred (100) feet, more or less, off of the West side of the North end of
Lot Four (4) in Block Twelve (12) in Aylesworth and Cobb’s Addition to Meredosia, described as follows:
Commencing at a point on the Northwest corner of said Lot 4 in Block 12, thence South 100 feet, thence
East 30 feet, thence North 100 feet, thence West 30 feet to the place of beginning, Morgan County, Illinois.
REAL ESTATE TAXES: (2012 paid in 2013) $ 79.46
PARCEL #8 – LAKE ROAD, MEREDOSIA, IL
3.4 acres, approx. 200’ x 740’
DOWN PAYMENT: $500.00
LEGAL DESCRIPTION: Lots One Hundred Thirty-nine (139) and One Hundred Forty (140), all to
water’s edge in Lakeview Addition to the Village of Meredosia, Morgan County, Illinois.
REAL ESTATE TAXES: (2012 paid in 2013) $118.70
PARCEL #9 – ADDRESS UNASSIGNED, MEREDOSIA, IL
.29 acres, irregular
DOWN PAYMENT: $500.00
LEGAL DESCRIPTION: Lot 5 in Block 1 in the Original Town, now Village of Meredosia, Morgan
County, Illinois.
REAL ESTATE TAXES: (2012 paid in 2013) $ 28.04
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THANK YOU
FOR
ATTENDING THIS
AUCTION!
SELLER: THE FARMERS STATE BANK & TRUST CO.,
ADMINISTRATOR
ATTORNEYS:
EDDIE CARPENTER
305 WEST STATE STREET, JACKSONVILLE, IL 217/245-7015
G. RONALD KESINGER
200 NORTH WEST STREET, JACKSONVILLE, IL 217/243-5433
MIDDENDORF BROS. AUCTIONEERS
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