Nokomis, IL 62075 - Montgomery County

FAYETTE COUNTY, IL LAND AUCTION - HUDSPETH

Tuesday, March 4, 2025 - 1:00 PM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Fayette County, Illinois

The Hudspeth Trust real estate is located approximately 9 miles south of Nokomis, IL or 16 miles northwest of Vandalia, IL or 18 miles northeast of Hillsboro, IL. The farm is further described as being located in part of Sections 19 & 30, T9N-R1W, Hurrican Township, Fayette County, Illinois.

SELLER

Richard P. Hudspeth Testamentary Trust

Gladys S. Hudspeth Testamentary Trust

Alliance Community Bank - Trustee

MANAGED BY

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

John Sullivan (309) 221-6700

GENERAL INFORMATION

159.4 taxable acres 3 tracts

The farm contains a total of 159.4 taxable acres and will be sold in 3 tracts. All 3 tracts are all-tillable with productive soils.

Farmers and investors, be sure to check out this investment quality Fayette County farm real estate.

TRACT INFORMATION

Tract 1 79.4 taxable acres

FSA figures should indicate 79.69 NHEL cropland acres (estimated - split field)

Productivity Index (PI): 117.2

Soil types include Oconee and Oconee-Darmstadt

County Road 50E borders along the west side

Tract 2 40 taxable acres

FSA figures should indicate 38.8 NHEL cropland acres (estimated - split field)

Productivity Index (PI) 119.2

Soil types include Oconee, Shiloh, and Oconee-Darmstadt

County Road 50E borders along the west side and 3175N along the south

Tract 3 40 taxable acres

FSA figures should indicate 39.76 NHEL cropland acres

Productivity Index (PI) 111.1

Soil types include Oconee, Darmstadt, and Ebbert

County Road 50E borders along the east side and 3175N along the south

REAL ESTATE TAX INFORMATION

Tract 1

PIN 05-01-19-400-001 - 80 Acres - $2,040.22

Tract 2

PIN 05-01-30-200-004 - 40 Acres - $1,046.62

Tract 3

PIN 05-01-30-100-002 - 40 Acres - $868.88

METHOD & TERMS

All 3 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts (in any order) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer 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 Tuesday, April 8, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. The buyer will receive full possession at closing. There are no crop leases associated with this property - open lease for the 2025 crop year and beyond. Full possession at closing. The coal beneath the surface of all the tracts has been previously conveyed of record. The tracts are subject to a 60-month Land Access Agreement dated May 2, 2023 with Lafayette Wind, LLC.

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

All announcements made on sale day 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 expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

Richard P. Hudspeth Testamentary Trust

Gladys S. Hudspeth Testamentary Trust

Alliance Community Bank - Trustee

Representing Attorney:

Jerry Tice | Grosboll Tice Barr & Courtney

101 E Douglas Ave. Petersburg, IL 62675 | (217) 632 2282

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

John Sullivan (309) 221-6700