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ABSOLUTE LAND AUCTION - Selling Without Reserve - 3,794+/- Acres offered in 25 Tracts

Saline & Williamson Counties, Illinois

Owner: Shawnee Holdings, LLC Sat, Mar 28, 2015 EASTERN

AUCTION IS OVER

TOTAL SOLD: $4,323,000

Tract(s): 1-3	@ $1,020,000	($2,423/acre)
Tract(s): 4	@ $130,000	($3,019/acre)
Tract(s): 5-7+11+19-21	@ $1,850,000	($737/acre)
Tract(s): 8	@ $10,000	($3,076/acre)
Tract(s): 9+10	@ $310,000	($1,310/acre)
Tract(s): 12	@ $12,000	($4,545/acre)
Tract(s): 13	@ $90,000	($1,459/acre)
Tract(s): 14	@ $65,000	($1,806/acre)
Tract(s): 15	@ $100,000	($932/acre)
Tract(s): 16	@ $85,000	($2,104/acre)
Tract(s): 17	@ $130,000	($1,217/acre)
Tract(s): 18	@ $155,000	($2,197/acre)
Tract(s): 22	@ $18,000	($1,011/acre)
Tract(s): 23	@ $310,000	($1,434/acre)
Tract(s): 24	@ $18,000	($2,690/acre)
Tract(s): 25	@ $20,000	($1,976/acre)

• ABSOLUTE LAND AUCTION
• Selling Without Reserve
• 3,794+/- Acres offered in 25 Tracts
• Wooded Land
• Great Water Fowl, Geese, Deer & Turkey Hunting - Fishing & Recreation
• Tillable & Pasture Land - Over 800 Tillable Acres
• Several Large Lakes & Stocked Ponds
• Online Bidding Available
• Do not miss this opportunity to purchase productive farmland, potential building sites & recreational tracts!
In the Schrader method of auction you may put together the combination of tracts that best fit your needs!

OPEN HOUSE/INSPECTION DATES

Thursday, February 26 from 10 AM - 1 PM
Tuesday, March 10 from 10 AM - 1 PM
Friday, March 27 from 10 AM - 1 PM
Meet a Schrader Representative at the Carrier Mills Municipal Building, 101 North Mill Street, Carrier Mills, IL, for more information.

Inspection Location: Carrier Mills Municipal Building, 101 North Mill Street, Carrier Mills, IL.
From the junction of State Hwy. 13 and Carrier Mills Road approximately 5 miles west of Harrisburg, IL, turn south on Carrier Mills Road 3.4 miles to the Inspection Site.

PROPERTY LOCATION

The current character, private use and enjoyment of most of the auction property is protected by conservation easements which prohibit both commercial use and concentrated residential development. Subject to certain design limitations, hunting cabins, barns and other personal use structures are permitted in many areas. The size and design of single family residences that may be constructed is limited and allows one such residence in each designated area. As most tracts being sold will be subject to applicable conservation easements, all potential bidders are encouraged to attend an Inspection Date, request an Information Booklet by calling 800-451-2709, and visit www.schraderauction.com for additional information.

AUCTION LOCATION

The Pavilion, 1602 Sioux Drive, Marion, IL. From the junction of I-57 & State Hwy. 13 at Marion, IL, go west on Hwy. 13.7 mile to Williamson County Parkway, turn north .7 mile to Sioux Drive, turn right and proceed to The Pavilion.

TRACT DESCRIPTIONS

Tract 1: 168.3± ac Tillable Land, Grass or Woods, Building Pad, Restriction Class C, Frontage & access along St. Hwy. 13

Tract 2: 93.6± ac Tillable Land, Grass or Woods, Building Pad, Restriction Class C, Mostly tillable w/ wooded acres fronting Tipple & Smith Rds.

Tract 3: 158.9± ac Tillable land, Grass or Woods, Restriction Class C, Frontage along Carrier Mills Road

Tract 4: 43.1± ac Grass or Woods, Lake, Building Pad, Restriction Class B, There is a steel sided shop building

Tract 5: 416.2± ac Tillable Land, Grass or Woods, Lake, Restriction Class C, Frontage & access along St. Hwy. 13

Tract 6: 371.9± ac Grass or Woods, Restriction Class B, Good hunting/recreational tract

Tract 7: 436.8± ac Tillable Land, Grass or Woods, Building Pad, Restriction Class C, Good recreational tract w/ income potential

Tract 8: 3.2± ac Grass or Woods, Building Pad, Restriction Class E, Good building site w/ hard surface road frontage

Tract 9: 133.4± ac Grass or Woods, Building Pad, Restriction Class B, Recreational tract w/ good road frontage

Tract 10: 103.2± ac Tillable Land, Grass or Woods, Restriction Class C, Recreational usage w/ income potential

Tract 11: 628.4± ac Grass or Woods, Lake, Building Pad, Restriction Class B, Large hunting/recreational tract

Tract 12: 2.6± ac Grass or Woods, Building Pad, Restriction Class E, Building site along Liberty Road

Tract 13: 61.7± ac Grass or Woods, Building Pad, Restriction Class B, Building site along Liberty Road

Tract 14: 36.0± ac Grass or Woods, Building Pad, Restriction Class B, Building site along Liberty Road

Tract 15: 107.3± ac Grass or Woods, Building Pad, Restriction Class B, Building site along Liberty Road

Tract 16: 40.4± ac Tillable Land, Grass or Woods, Building Pad, Restriction Class C, Excellent frontage & access along St. Hwy. 13

Tract 17: 106.8± ac Tillable Land, Grass or Woods, Building Pad, Restriction Class A, Heavily wooded tract w/ access along Old Hwy. 13

Tract 18: 70.5± ac Grass or Woods, Lake, 2 Building Pads, Restriction Class B, Beautiful lake surrounded by woods w/ 2 building pads. Fronting on Old Hwy. 13

Tract 19: 93.7± ac Tillable Land, Grass or Woods, Lake, Building Pad, Restriction Class C, This tract offers island in addition to the features mentioned

Tract 20: 368.7± ac Tillable Land, Grass or Woods, Lake, 2 Building Pads, Restriction Class C, Huge lake, 2 building pads & tillable. Ideal waterfowl hunting w/ income

Tract 21: 192.6± ac Tillable Land, Grass or Woods, Lake, 2 Building Pads, Restriction Class C, Huge lake, 2 building pads & tillable. Ideal waterfowl hunting w/ income

Tract 22: 17.8± ac Grass or Woods, Restriction Class A, Wooded tract along St. Hwy. 45, good access

Tract 23: 216.1± ac Tillable Land, Grass or Woods, Lake, Restriction Class D, Heavily wooded tract w/ tillable land along Corinth Road - includes some mineral rights and no conservation easement

Tract 24: 6.7± ac Grass or Woods, Restriction Class A, Narrow strip of wooded land

Tract 25: 10.1± ac Grass or Woods, Restriction Class A, Wooded tract w/ frontage along Nixville Road

RESTRICTION CLASS - DESCRIPTION
A - Recreational, No Pasture, Farming or Digging
B - Pasture & Recreational
C - Farming, Pasture & Recreational
D - No Conservation Easement
E - One Limited Residence Allowed

ONLINE BIDDING AVAILABLE
You may bid online during the auction at www.schraderauction.com. You must be register my March 20th to bid online. For information on registering for online bidding, call Schrader Auction Co. at 800-451-2709.

AREA MAP

TRACT MAP(S)

Tracts 1-25

Tracts 1-4 & 16-18

Tracts 5-15 & 19-21

Tract 22

Tract 23

Tracts 24 & 25

SOIL INFORMATION

Tracts 1-4 & 16-18

Tracts 5-15 & 19-21

Tract 22

Tract 23

Tracts 24 & 25

AREA MAP(S)

PROCEDURE: The property will be offered in 25 individual tracts, any combination of tracts and as a total 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. 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.

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

DEED: Seller shall provide Special Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 60 days after auction day. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession shall be given at closing.

PRE-CLOSING ACCESS: With respect to the crop land, pre-closing access is available, if Buyer so elects, for spring farming activities, including preparing for and planting the 2015 crop, soil testing, fertilizer application and tillage. If Buyer elects to have access prior to closing, Buyer will be required to deliver an additional 10% down payment (for a total of 20%) and sign a Pre-Closing Access Agreement in the form approved by Seller.

MINERALS: Sale of the property shall exclude all coal, oil, gas and other minerals and rights appurtenant hereto, except for Tract 23 which includes some mineral ownership.

REAL ESTATE TAXES: Real estate taxes shall be prorated to the date of dosing.

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 and Auction Company disclaim 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 & SURVEY: All advertised auction tract acreages and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photographs. The Seller has hired a registered land surveying firm to conduct a survey of each auction tract prior to the auction. Therefore advertised acreages and final surveyed acres may differ. Prior to bidding at the auction, final surveyed acreage will be made available to each bidder.

LAKE RIGHTS: With respect to the lakes on Tracts 19, 20 and 21, the owners of the respective tracts shall have the use of the lake surface only within their respective ownership boundaries. Seller is not granting Buyers the right to use any portion of the lake outside the boundary lines of their respective tracts.

CONSERVATION EASEMENTS: The property is sold subject to different types of conservation easements as briefly described in this brochure. All potential Buyers are encouraged to contact the Auction Company for more information. Copies of the conservation easement documents are available for review prior to the auction.

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

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in the sale brochure and any related materials are subject to the terms and conditions outlined in the Agreement to Purchase. Statements, promises, or inducements made at the Auction that are not contained in the written purchase agreement shall not be valid and binding. The Property is being sold on an AS IS basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Owner or the Auction Company unless agreed to in writing by Owner. 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 the brochure is subject to verification by all parties relying on it. No liability for the accuracy of the brochure or any errors or omissions is assumed by the Owner or the Auction Company. All sketches and dimensions in the brochure are approximate. Conduct of the Auction and the increments of bidding are at the direction and discretion of the Auction Company. The Owner and Auction Company 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 at the Auction are final.

STOCK PHOTOGRAPHY: Photos depicting wildlife are for illustrative purposes and were not taken on the property.

OWNER: Shawnee Holdings, LLC