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ILLINOIS LAND AUCTION - 899+/- ACRES OFFERED IN 20 TRACTS IN MONTGOMERY & ST. CLAIR COUNTIES, ILLINOIS

Montgomery & St. Clair Counties, IL

Owner: New River Royalty Sat, Mar 27, 10:00 AM

• 899+/- Acres offered in 20 Tracts, Combinations or as a whole • 2021 Farming Rights Included! • Tracts Range from 1-175+/- Acres • Country Home • 725+/- Tillable Acres per FSA • Productive Soils • Wood & Recreational Tracts • Near Hillsboro • 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

The Event Center of Montgomery County, 11198 IL Rt 185, Hillsboro IL 62049
Tue, March 2 from 9-11am
Fri, March 12 from 2-4pm
Wed, March 26 from 2-4pm

Meet a Schrader Representative at The Event Center of Montgomery.

PROPERTY LOCATION

MONTGOMERY COUNTY: Tracts 1-19, From the junction of IL Rt 127 & IL Rt 185 on the Southside of Hillsboro
Tracts 1 & 2: Go South on IL Rt 185 10 miles to Tracts 1 & 2.
Tracts 3-7: Go South on IL Rt 185 5.4 miles to Co Rd 1600E (Coffeen Rd), turn North & proceed to Tracts 3-7 (watch for signs).
Tracts 9-11: Go South on IL Rt 185 5.3 miles to Cips Trail, turn South & proceed to Tracts 9-11.
Tracts 12-14 & 8: Take Hwy 185 South 5.4 miles to Coffeen Rd, turn North 3.9 miles to Fillmore Rd. Turn West 1.6 miles to Tracts 12-14.
Tract 15: Go South on IL Rt 127 3.5 miles to N 6th Ave, turn east & proceed 1.5 miles to Tract 15.
Tract 16: Go South on IL Rt 127 2.5 miles to Co Rd 700N, turn East .75 mile to Buckeye Trl. Turn North .25 mile to Tract 16.
Tract 17 & 18: At the junction of 1st St & Vandalia Rd in Hillsboro, go West on 1st St (turns into Walshville Rd) 1.2 miles to Tracts 17 & 18.
Tract 19: From the junction of IL Rt 127 & IL Rt 16 West of Hillsboro, go North on IL Rt 127 2 miles though Butler to Rocky Hollow Rd. Turn West .75 mile Tract 19.

St Clair COUNTY, Tract 20
Tract 20: From the junction of IL Rt 4 & US Hwy 50 in Lebanon IL, go North on Rt 4 2.3 miles to Tract 20.

AUCTION LOCATION

The Event Center of Montgomery County, 11198 IL Rt 185, Hillsboro IL 62049

TRACT DESCRIPTIONS

Tract 1: 30± ac 31.1+/- Tillable - Frontage on Hwy 185

Tract 2: 33± ac 29.1+/- Tillable - Frontage on Hwy 185

Tract 3: 79± ac 78.7+/- Tillable - Nearly all tillable w/ frontage on Coffeen Rd

Tract 4: 30± ac 31+/- Tillable - Nearly all tillable w/ frontage on Coffeen Rd.

Tract 5: 1± ac Ranch style country home, containing approx. 1224 sq. ft., vinyl siding, mature shade trees, 45 ft.x60 ft. pole barn w/ metal siding.

Tract 6: 126± ac 111+/- Tillable - Nearly all tillable w/ frontage on Coffeen Rd

Tract 7: 19± ac Nearly .75 miles long w/ a railroad

Tract 8: 51± ac 16.1+/- Tillable - Wooded - Mix of tillable & recreational, railroad throughout, w/ frontage Coffeen Rd

Tract 9: 88± ac 62.8+/- Tillable - Wooded - Mostly tillable w/ wooded areas, railroad corridor & frontage on Cips Trail

Tract 10: 2± ac Unimproved Tract in the town of Coffeen w/ frontage on 3rd St

Tract 11: 5± ac Wooded - 8 small wooded lots

Tract 12: 115± ac 115.4+/- Tillable - Frontage on Schoolhouse Rd.

Tract 13: 64± ac 66.7+/-* Tillable- Tillable acres are an estimate when combined with Tract 14. Frontage on Fillmore Rd.
*Tillable Acres are Estimated Based on Information Provided by the USDA/FSA

Tract 14: 47± ac 46+/- Tillable - Tillable acres are an estimate when combined with Tract 13. Improved w/ modern shop building, 40 ft.x 52 ft., 16 ft. eves, concrete floor w/ drain, 26 ft. sliding machine doors, electric, exterior lighting. Grain facility w/ approx. 100,000 bushel storage, 11 grain bins w/ aeration, GSI 122 Airstream series 2000 grain dryer, wet holding bin & grain leg. Includes a 50 ft.x50 ft. pole barn w/ tin siding, partial concrete floor, 4 horse stalls & electricity.

Tract 15: 15± ac 19.6+/- Tillable - Tillable acres are not accurate to actual size. Nearly all tillable w/ frontage on 6th Ave

Tract 16: 41± ac 16.3+/- Tillable - Wooded - Mix of tillable & woods. Lane access from Buckeye Trl.

Tract 17: 13± ac 8.4+/- Tillable - Wooded - Mix of tillable & woods w/ frontage on Walshville Rd.

Tract 18: 63± ac 31.7+/- Tillable - Wooded - Mix of tillable & woods w/ frontage on Walshville Rd.

Tract 19: 30± ac 16.4+/- Tillable - Wooded - Mix of tillable & woods with lane access from Rock Hollow Trl.

Tract 20: 47± ac 44.7+/- Tillable - Nearly all tillable w/ frontage on Hwy 4 & Emerald Mound Rd.
*Tillable Acres are Estimated Based on Information Provided by the USDA/FSA

TRACT MAP(S)

Tracts 1-2

Tracts 3-7 & 9-11

Tracts 8 & 12-14

Tract 15

Tract 16

Tracts 17-18

Tract 19

Tract 20

AREA MAP(S)

PROCEDURE: The property will be offered in 20 individual tracts, any combination of tracts & as a total unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & the total property may compete.

BUYERS PREMIUM: A 3% Buyers Premium will be added to the final bid price & included in the contract purchase price.

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, & 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 & STATE OF TITLE: Seller will pay the premium for an owners title ins. policy. Buyer pays all costs of any loan, lenders title ins. &/or title ins. endorsement. Buyer & Seller will share (50:50) the cost of preparing the title commitment (incl. search fees & copy charges) & administering the closing.

DEED: Seller shall provide Special Warranty Deed(s), subject to the terms & conditions of the Purchase Agreement.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place 45 days after the date of the auction.

POSSESSION: Possession is at closing. Pre-closing access is available with an additional 10% earnest money deposit. Contact Auction Company for additional terms and details.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning w/ taxes assessed in 2021 & thereafter.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries & due diligence concerning the property. Inspection dates have been scheduled & will be staffed w/ auction personnel. Further, Seller disclaims any & 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.

FSA TILLABLE: Tillable acres have been estimated based on information provided by the USDA/FSA office. Please visit the auction website to download FSA field boundary maps that are available in the Information Book or call for more info.

MINERAL RIGHTS: Seller shall retain any interest in minerals, mineral rights, mining & mineral development rights, ancillary associated rights, & subsidence rights.

MITIGATION AGREEMENTS: The Seller has entered into a certain Mitigation Agreements dated August 12, 2010, w/ Hillsboro Energy, LLC (Hillsboro), which was amended & restated w/ an effective date of August 21, 2018 (the Mitigation Agreement). The Mitigation Agreement is of record & is legally binding instruments providing for the mitigation by Hillsboro or its successors & assigns of subsidence damage to any structure(s) located on property subject to the Mitigation Agreement (the Affected Property). Under the Mitigation Agreement, among other provisions, Hillsboro is obligated to either repair any damage to structure(s) on the Affected Property or compensate the surface owner for the diminution in value of such structure(s) or, alternatively, pay the surface owner the appraised value of any structure(s) expected to be impacted by subsidence activities prior to mining in exchange for certain waivers. The Mitigation Agreement also imposes certain limitations on the construction & placement of new structures on the Affected Property, among other provisions. The foregoing summarizes certain provisions of the Mitigation Agreement, but is qualified in its entirety by the full & complete terms of the Mitigation Agreement, & is provided without representation or warranty, express or implied, as to accuracy or completeness. All bidders should review the terms & conditions of the Mitigation Agreement, which is available upon request.

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

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are provided on an informational basis only & are expressly subject to the terms & conditions set forth in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.

Auction Brochure

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