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ILLINOIS REAL ESTATE AUCTION - 1,720+/- ACRES OFFERED IN 38 TRACTS IN WHITE & HAMILTON COUNTIES

Between Carmi & Mcleansboro, IL - White & Hamilton Counties

Owner: Williams Farm Liquidating Trust Thu, Dec 3, 10:00 AM

• 1,720+/- Acres offered in 38 Tracts • Productive Soils • High Percentage Tillable • Hunting Land • 38 Tracts • (3) Homes • Grain Storage • Farm Headquarters with Modern Shop and Equipment Buildings • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES

Wednesday, November 4 from 3-5pm
Thursday, November 5 from 9-11am
Thursday, November 19 from 3-5pm
Friday, November 20 from 9-11am
Wednesday, December 2 from 2-4pm

Meet a Schrader Representative at Tract 20

PROPERTY LOCATION

From the intersection of IL Hwy 14 and IL Hwy 45 (west of Carmi, South of Enfield)
Tracts 1-14 & 19-23: Travel east on IL Hwy 14, 1 mile to Tracts 1-23.
Tracts 15-17: Travel south on IL Hwy 45, 1/2 mile to Tracts 15-17.
Tract 18: Travel north 1/2 mile to Tract 18.
Tract 24: Travel south on Hwy 45, 2 miles to Co Rd 1200N, turn east .7 miles to Tract 24.
Tracts 25-29: Travel south on Hwy 45, 3 miles to Co Rd 1100N, turn east 1.4 miles to Tract 25. Continue on Co RD 1100N 1.25 miles to Tracts 26-29.
Tract 30: Use directions to Tracts 31-38, then continue .3 miles to Co Rd 775 N, go west 1.8 miles to Co Rd 850 N, go south 1/4 mile to Tract 30.
Tracts 31-38: Go west on IL Hwy 14, 5 miles to Co Rd 1500 E, turn south 4.1 miles to Tracts 31-38.

AUCTION LOCATION

Posey County Fairgrounds Community Building, 111 Harmony Township Rd., New Harmony, IN 47631
From Carmi, IL: Take IL Hwy 1 north 13.5 miles to I-64, go east on I-64 5.3 miles to Indiana St Rt 69, turn south and proceed 9.5 mile to the Auction site.

TRACT DESCRIPTIONS

Tract 1: 39± ac 39+/- Approx. Tillable, No Wooded, No Improvements

Tract 2: 58± ac 56+/- Approx. Tillable, 2+/- Approx. Wooded, No Improvements

Tract 3: 82± ac 80+/- Approx. Tillable, No Wooded, No Improvements

Tract 4: 18± ac 14+/- Approx. Tillable, 4+/- Approx. Wooded, No Improvements

Tract 5: 73± ac 69+/- Approx. Tillable, No Wooded, Improvements - BUILT MOR, Pole Building, 42 ft. x 64 ft., electric, dirt floor, sliding machine doors.

Tract 6: 31± ac 18+/- Approx. Tillable, 13+/- Approx. Wooded, No Improvements

Tract 7: 7± ac FARM HEADQUARTERS, Consisting of Morton approx 66 ft. x 80 ft., concrete floor, insulated, propane heat, large machine and electric overhead doors, 18 ft. ceiling, full bath and office

  • Morton, 60 ft. x 100 ft. machine shed with electric, 12 ft. eaves
  • Morton, 66 ft. x 128 ft., machine shed, 20 ft. eaves
  • Morton, 60 ft. x 120 ft., machine shed, electric, 16 ft. eaves
  • Morton, 42 ft. x 64 ft., partial concrete floor 12 ft. eaves
  • Older out building 24 ft. x 52 ft.. (2) 10,000 bushel steel grain bins, drying floors, load out augers and stirators.

    Tract 8: 124± ac 120+/- Approx. Tillable - No Wooded - No Improvements

    Tract 9: 40± ac 8+/- Approx. Tillable - 32+/- Approx. Wooded - No Improvements

    Tract 10: 78± ac 70+/- Approx. Tillable - 6+/- Approx. Wooded - No Improvements

    Tract 11: 2± ac with a frame house with vinyl siding, 2 bedrooms, full bath, full basement, wood heat with outside burner, 46 ft. x 66 ft. wood frame shed, (2) small steel grain bins with unloading auger, other outbuildings.

    Tract 12: 39± ac 37+/- Approx. Tillable - 2+/- Approx. Wooded - No Improvements

    Tract 13: 40± ac 38+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 14: 80± ac 70+/- Approx. Tillable - 9+/- Approx. Wooded w/Small Pond - No Improvements

    Tract 15: 88± ac 86+/- Approx. Tillable - No Wooded - No Improvements

    Tract 16: 112± ac 101+/- Approx. Tillable - 11+/- Approx. Wooded - No Improvements

    Tract 17: 30± ac 28+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 18: 31± ac 31+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 19: 36± ac 35+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 20: 4± ac with a ranch style house containing 3 bedrooms, 1 full bath, full basement forced warm air propane heat/central air conditioning and well water. Pole building, 48 ft. x 80 ft. with sliding machine doors. Butler 10,000 bushel grain bin with drying floor, heat and load out auger. 10,000 bushel steel grain bin with new drying floor and load out auger. Small steel grain bin with air.

    Tract 21: Propane Storage Tank, approx 30,000 gallon capacity. No Tag.

    Tract 22: GSI Hopper Bottom wet holding bin, 7000 bushel capacity. GSI Airstream 1116 continuous flow grain dryer, including electrical panel & control box.

    Tract 23: (1) GSI 35,000 bushel grain bins with sweep augers, aeration floor, fans, 1 with 8 in. load out auger, and exterior steps and 1 with 10 in. load out auger and chain conveyor unit (nearly new). (1-GSI 35,000 bu bin Not Included in sale.)
    NOTE: Tracts 21, 22, & 23, can be combined with Tract 20 and/or other Tracts, or purchased to be removed. If not purchased in combination with Tract 20, these tracts shall be removed from property no later than February 15, 2021.

    Tract 24: 17± ac 17+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 25: 77± ac 74+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 26: 57± ac 45+/- Approx. Tillable - 12+/- Approx. Wooded - No Improvements

    Tract 27: 35± ac 19+/- Approx. Tillable - 16+/- Approx. Wooded - Improvements - 50 ft. x 80 ft. Pole shed with small steel grain bin.

    Tract 28: 80± ac 65+/- Approx. Tillable - 14+/- Approx. Wooded - No Improvements

    Tract 29: 33± ac 23+/- Approx. Tillable - 10+/- Approx. Wooded - No Improvements

    Tract 30: 40± ac 38+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 31: 59± ac 39+/- Approx. Tillable - 21+/- Approx. Wooded - No Improvements

    Tract 32: 20± ac No Approx. Tillable - 20+/- Approx. Wooded - No Improvements

    Tract 33: 77± ac 74+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 34: 82± ac 79+/- Approx. Tillable - 3+/- Approx. Wooded - No Improvements

    Tract 35: 52± ac 50+/- Approx. Tillable - No Approx. Wooded - No Improvements

    Tract 36: 3± ac Frame house containing approx 1,937 square feet of living area, 4-bedroom, 1.5 baths, 1/4 basement, central air.

    Tract 37: 35± ac 9+/- Approx. Tillable - 26+/- Approx. Wooded - Improvements - Shed

    Tract 38: 41± ac 28+/- Approx. Tillable - No Approx. Wooded - No Improvments

  • TRACT MAP(S)

    Northern Tracts 1-20 in White Counties

    Southern Tracts 24-29 in White Counties

    Tracts 30-38 in Hamilton Counties

    AREA MAP(S)

    PROCEDURE: The property will be offered in 38 individual tracts, any combination of tracts and as a total 1,720+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

    DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

    ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

    EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

    DEED: Seller shall provide Trustees Deed(s).

    CLOSING: The targeted closing date will be approximately 30-45 days after the auction, with the balance of the real estate purchase price due.

    POSSESSION OF BARE LAND: At closing subject to the harvest of the crop.

    POSSESSION OF RESIDENCES: Possession is at closing, subject to the rights of any tenants.

    POSSESSION OF TRACTS 21, 22, 23: If not purchased in combination with Tract 20, shall be removed from property no later than February 15, 2021.

    MINERAL RIGHTS: Seller shall convey 100% Mineral Rights owned.

    REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with 2021 taxes due in 2022 and thereafter. Estimated 2020 Real estate taxes due 2021 will be a credit to buyer at closing.

    PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

    ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

    SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

    AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

    DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

    ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.