Land Auction - 75 Ac - Kendall County

No internet bidding

Richard A. Olson & Associates, Inc

Whitetail Ridge Golf Club 7671 Clubhouse Dr

Yorkville, IL 60560

Date(s) 4/15/2019 - 6/20/2019

Wednesday, June 19, 2019 at 6:00 p.m.

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Bidding Notice:

No internet bidding will be offered for this auction.

Auction Information

Name	Land Auction - 75 Ac - Kendall County
Auctioneer	Richard A. Olson & Associates, Inc
Date(s)	4/15/2019 - 6/20/2019
Auction Date/Time Info	Wednesday, June 19, 2019 at 6:00 p.m.
Location	Whitetail Ridge Golf Club 7671 Clubhouse Dr Yorkville, IL 60560
Buyer Premium	No Buyer's Premium
Description	LAND AUCTION 75 ACRES - SECTION 28 - NA-AU-SAY TOWNSHIP - KENDALL COUNTY Go to www.richardaolson.com to download the following: Flyer - Aerial Map - Soil Map - Topography Map - Tax Map - Tax Info - FSA Info Auction Location: Whitetail Ridge Golf Club, 7671 Clubhouse Dr, Yorkville, IL 60560 Auction Directions: 4.5 mi SE of IL-47/IL-126 intersection on IL-126. Farm Location: Located 2½ mi West of Caton Farm/Ridge Rd intersection (Plainfield South High School) on Caton Farm Rd. Or, 6¼ mi West of Caton Farm/IL-59 intersection. Address of house located on the SW corner adjacent to farm is 3445 Caton Farm Rd, Minooka, IL 60447. Wednesday, June 19, 2019 at 6:00 p.m. One Tract - All Tillable Owner: Weiss Agricultural Partnership Legal Description: W 1/2 of the SE 1/4 of Section 28. Soil Data (provided by Agridata): 40.87 Acres - Martinton Silt Loam (Corn 173, Soybeans 57, Wheat 70, Overall PI 130) 22.78 Acres - Drummer Silty Clay Loam (Corn 195, Soybeans 63, Wheat 73, Overall PI 144) 7.57 Acres - Milford Silty Clay Loam (Corn 171, Soybeans 57, Wheat 68, Overall PI 128) 3.78 Acres - Mundelein Silt Loam (Corn 188, Soybeans 60, Wheat 74, Overall PI 138) Overall Crop Productivity Index: 134.4 (Corn 180.2, Soybeans 58.9, Wheat 70.9) 2017 Taxes (2018 not available) TWO tax IDs for the property: PIN: 06-28-400-005 -61.42 Acres -Oswego School District 308 -Taxes $2,140.74 ($34.85/ac) PIN: 06-28-400-006 -13.58 Acres -Oswego School District 308 -Joliet City Limits -Taxes $639.66 ($47.10/ac) Owner: Weiss Agricultural Partnership Seller’s Attorney: Craig Hasenbalg Ottosen - Britz 1804 N Naper Blvd Suite #350 Naperville, IL 60563 chasenbalg@ottosenbritz.com Auction conducted by Richard A. Olson & Associates, Inc. Auctioneers: Dick Olson - IL License #440.000585 Erik Olson - IL License #441.001909 531 Bedford Rd, Morris, IL 60450 (815) 942-4266 www.richardaolson.com

Terms and Conditions

The property will be sold per gross acres. The Seller shall provide a clear title to the Real Estate subject to any and all easements recorded at time of sale. The successful bidder will be required to enter into Seller’s sales contract on day of sale and deposit $50,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The Seller will retain 100% of the 2018 farm income. Buyer will receive a credit at closing for the 2018 taxes due in 2019. The Seller will retain the 1st Half (April) 2019 farm rent income. The Buyer will receive the balance of the 2019 farm rent income paid after Nov 1st. The farm lease will be open for the 2020 crop year. Seller reserves the right to accept or reject bids. Closing on or before July 19, 2019.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 49.00	1.00 USD
49.01 - 95.00	5.00 USD
95.01 - 975.00	25.00 USD
975.01 - 9,750.00	250.00 USD
9,750.01 - 97,500.00	2,500.00 USD
97,500.01 - 9,999,999.99	10,000.00 USD

Payment Information

Currency	USD
Buyer Premium	No Buyer's Premium
Payment Terms	The successful bidder will be required to enter into Seller’s sales contract on day of sale and deposit $50,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price.

Shipping / Pick Up

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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.