Morgan Co. Land Auction
Martha Routt Trust
NEW surveyed total of 249.12 +/- acres to be sold in 3 tracts! (Slightly less than previously advertised)
Open tenancy for 2022!
Live and online. Online registration and bidding begins Feb. 19. Visit Martha Routt Trust to register and bid online.
TRACT 1 TAXES: 30.66 +/- acres (all tillable)
Approx. $1508.28; Subject to reassessment
Tillage reimbursement of $435.20 due at closing
pH P1 K
6.3 77.3 362
TRACT 2 TAXES: 99.26 +/- acres (all tillable)
Approx. $4694.24; Subject to reassessment
Fertilizer and tillage reimbursement of $29,118.36 due at closing. (180# Actual Nitrogen/A, VRT 153# DAP/A, VRT 153# Potash/A, N Serve was applied with Anhydrous Ammonia)
pH P1 K
6.2 53 395
TRACT 3 TAXES: 119.20 +/- acres (108.18 +/- tillable)
Approx. $5768.98; Subject to reassessment
Fertilizer and tillage reimbursement of $19,761.56 due at closing. (147# Actual Nitrogen/A, VRT 160# DAP/A, VRT 58# Potash/A, N Serve was applied with Anhydrous Ammonia)
pH P1 K
6.3 68.6 349.7
CORN YIELDS SOYBEAN YIELDS
| Tract 1 | Tract 2 | Tract 3 | Year | Tract 1 | Tract 2 | Tract 3 |
| – | 249.22 | 186.70 | 2016 | 72.19 | – | – |
| 238.97 | – | – | 2017 | – | 64.63 | 66.23 |
| – | 270.96 | 229.59 | 2018 | 86.44 | – | – |
| 252.34 | – | 210.83 | 2019 | – | 75.27 | – |
| – | 243.57 | 186.86 | 2020 | 81.22 | – | – |
| 243.94 | – | – | 2021 | – | 63.03 | 74.15 |
Terms and Conditions
The farm will be sold on a price per acre basis according to the latest survey. Buyer(s) will enter into a written contract on the day of the auction. Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing. The buyers will receive a credit at closing for the 2021 taxes due and payable in 2022 based on the latest ascertainable real estate information available. Sellers will provide title insurance in the amount of the purchase price. Possession will be given at the time of closing. The Trust is prepared to close immediately. Closing will be on or before March 30, 2022.
All announcements sale day shall take precedence over any prior advertising whether written, oral or electronic. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate and are for demonstration purposes. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is” subject to all easements written or unknown. Seller’s interest in mineral rights will be conveyed. Buyers MUST have financing arranged prior to sale day.
Payment
Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing. Buyers MUST have financing arranged prior to sale day. Buyer(s) will enter into a written contract on the day of the auction. The Trust is prepared to close immediately. Closing will be on or before March 30, 2022.
Disclosure of Owner Names
Martha Routt Trust
Contact Information
Aron Cowman 217-473-4840
Ron Cowman 217-473-7550
Tract #1 New Aerial MapAuction Date
March 1, 2022
Auction Start Time
10:00 a.m.
Auction Location
American Legion Hall - 903 W. Superior Ave. - Jacksonville, IL 62650
Directions
TRACT 1: From South Jacksonville, approx. ¾ mile north of Interstate 72 to Minor Rd., then west approx. ½ mile. Farm is situated on the north side of the road. TRACT 2: Approx. 7 miles west of Franklin from Rt. 104 to Hoagland Rd., then north approx. 1 ½ miles; or 3 ½ miles east of Rt. 267, 4 miles south of Interstate 72. Farm is situated on the west side of the road. TRACT 3: Just south of Jacksonville, the farm borders Interstate 72, Rt. 267 and New Lake Rd. just across from the Jacksonville Sportsman’s Club. Farm is situated on the north side of the road. Property also includes a 12,000 bushel grain bin. Watch for signs.
Additional Information
Tillage reimbursement due at closing for Tract 1 is $435.20
Fertilizer and tillage reimbursement due at closing for Tract 2 is $29118.36 (180# Actual Nitrogen/A, VRT 153# DAP/A, VRT 153# Potash/A, N Serve was applied with Anhydrous Ammonia)
Fertilizer and tillage reimbursement due at closing for Tract 3 is $19,761.56 (147# Actual Nitrogen/A, VRT 160# DAP/A, VRT 58# Potash/A, N Serve was applied with Anhydrous Ammonia)
Tract 3 includes a 12,000 bushel grain bin.