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Fred Kermicle Real Estate Online Only Auction – Living Estate

3928 E. Hurricane Ln Dundas, IL 62425

Monday June 16th 4:00PM (Time it begins to close)

11.34 Surveyed Acres with brick home approximate 1579 Sq. Ft. 957 Sq. Ft. 1st floor, 528 Sq.  Ft. 2^nd floor, & basement. 4 bedrooms, 1.5 bath, kitchen, living room, 50’x70’ shop steel frame on stem wall concrete floor & electric, 4/10’s of an ace pond, 50’x60 open end bar/shed, 80’x38’ barn w/hay loft, 30’x20’ brick garage 2 car, 26’x56’ chicken coop w/concrete floor & electric, 3 grain bins, 400 amp service, backup generator, Dundas/West Liberty water, propane gas and Norris Electric & Olney Schools. Property is located in Sec 32, Preston Township, Richland County, IL.

Viewings: Tuesday May 27th 9am-11am & Monday June 2nd 9am-11am

Measurements on all buildings were done using technology on the computer from GPS photos. The measurements may not be exact, and we do not guarantee them to be. Bidding is by the acre with $1,000 bid increments. It may switch to a $500 bid when the auction nears its end. Schmid Auction will email all bidders if it changes. Bidding is for the total tract not an acre bid. 3 minutes will be added to the closing of the auction when there is less 3 minutes remaining.

All of seller’s mineral, oil, and gas title, if any, will pass without warranty of title or title evidence.

Farming rights will be granted after the double crop soybean crop is removed. There are 3.6 + or – acres that are row crop farmed and 3.6 + or – acres that could be baled for grass hay.

Terms & Conditions:  The real estate is sold “as is,”  meaning at the at the time of purchase, the real estate is purchased in its current condition, without any guarantees, warranties, or assurances provided by the seller or Schmid Auction regarding its condition, potential improvements, or future performance. The buyer accepts the property with all existing features, defects, and conditions--known or unknown--and assumes full responsibility for its use and maintenance upon purchase.

Bidding is by the tract not by the acre--meaning the price being bid will be for the entire tract and not multiplied by the acre when sold. The property will be sold in a manner resulting in the highest sale price, subject to seller confirmation. The day after the auction, 10%  of the purchase price is due and the buyer will be required to enter into a purchase agreement on-site. The total tract price will be included in the purchase agreement and will not change--for any reason--including future surveys. The remainder (remaining 90%) of the purchase price is due at closing, which is approximately 40 days after the sale.

The current crop belongs to the farm tenant, and farming rights will transfer to the new owner following the completion of the 2025 soybean harvest.

All maps, boundaries, and visual markers provided, whether herein, in brochures or online materials, or on-site are approximate and for general reference only. They are merely estimates and are to be used simply as guidelines.

Buyers and all interested parties are strongly encouraged to conduct their own independent inspections, investigations, and due diligence prior to the auction. All information provided is believed to be accurate but is subject to independent verification.

Auction day announcements take precedence over any previously distributed printed or digital material. Schmid Auction shall not be held responsible for accidents or errors and is otherwise released from any liability associated with the sale or property.