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Sullivan Auctioneers LLC 
Hamilton, IL — 217-847-2160

Contact: Jim Sullivan
email: [email protected]

#11-7 Lippelt: Farms & Ranches - ag production -- Show
Geneseo, IL  61254  (Henry County)

158 Acres m/l in 1 Tract —
Property for Auction
Auction Tuesday November 7, 2017

158.81 Acres • 1 Tract

Auction 11 a.m. on TUESDAY, NOV. 7, 2017, at the MOOSE LODGE, 1025 SOUTH STATE STREET, GENESEO, IL 61254

The Lippelt farm is generally located 3 miles south of Geneseo, IL along E. 1500th St. The farm is further described as being in the Southwest Quarter of Section 10, T16N • R3E, Munson ­­­­Township, Henry County, IL.

Land represents productive tillable farmland, as well as farm buildings, on an all weather blacktop road.

Tract Information

FSA figures should indicate 153.43 acres of cropland, of which 151.23 acres are currently in row crop production.
The balance of the cropland acres, 2.2 acres consisting of well-maintained waterways, are enrolled in CRP at a payment rate of $196.00 per acre, for an annual payment of $432.00 through September 30, 2022.
PI Rating: 120.2
Productive soils include: Sylvan-Bold Complex, Greenbush, Osco, Buckhart & Muscatune.
This tract is improved with a 60′ x 100′ machine shed, 26′ x 48′ metal building with sliding doors (used as a corn crib) & a grain bin w/ dryer.
Access is along the south side by N. 1600th Ave. & along the west side by E. 1500th St. (all weather blacktop road).

Method and Terms

The Lippelt farm will be sold on a price per acre basis, based on 158.81 acres. These acres are based on the existing legal description.

Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent of the bid price. The balance of the bid price will be due in approximately 30 days, on or before Thursday, December 7, 2017. Title insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes due and payable in 2018, will be paid by the seller. The 2018 and subsequent taxes will be paid by the buyer(s). Full possession will be given at the time of closing subject only to the current tenant’s 2017 crop lease. The farm sells free and clear for the 2018 crop year.

All announcements sale day shall take precedence over any prior advertising, either written, or oral. 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. Potential buyer(s) should verify the information to their satisfaction There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

Marlene Lippelt Farm

Carol Berger – Manager of L & C Lippelt, LLC

Lorraine Pope – Manager of L & C Lippelt, LLC

James Nepple – Trustee for Chris L. Lippelt Irrevocable Trust

Attorney: James Nepple of Nepple Law, PLC, 1515 Fifth Ave., Suite 320, Moline, IL 61265. Phone (309) 732-1230.

Auction Manager: Michael Sullivan, 309-333-0916­

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Acres or Lot size: 158.00 m/l Incorporated:
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