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449.84 +/- Acres

LIVE LAND AUCTION

Clay County Farmland

*Live Internet Bidding Available*

Auction Site: Teutopolis Banquet Hall, 210 Pearl St,. Teutopolis, IL 62467

Wednesday, November 12^th 1:00PM 

TRACT INFORMATION

Property Address: 9396 Old Bible Grove Rd., Louisville, IL 62858

Tract 1: Acres: 41.03 +/- (40.51 +/- tillable); Soil PI: 107.5
Located in Section 5, Bible Grove Township, Clay County, IL

*30’ wide agriculture easement will be granted if a non-adjoining landowner purchases Tract 1

Tract 2: Acres: 78.45 +/- (66.7 +/- tillable); Soil PI: 109.7

Located in Section 5, Bible Grove Township, Clay County, IL

*Approximate Morton 80’x40’ pole building with south & east doors, 7 grain bins, barn, house (tear down)

Tract 3: Acres: 56.35 +/- (54.86 +/- tillable); Soil PI: 112

Located in Section 5, Bible Grove Township, Clay County, IL

Tract 4: Acres 194.01 +/- (164 +/- tillable); Soil PI: 103.5
Located in Section 5, Bible Grove Township, Clay County, IL

*Approximate 70’x40’ shop with concrete floor, house is a tear down and grain bins have not been used recently

Tract 5: Acres: 40 +/- (40 +/- tillable); Soil PI: 109

Located in Section 7, Bible Grove Township, Clay County, IL

Tract 6: Acres: 40 +/- (28 +/- tillable); Soil PI: 109.6
Located in Blair Township, Clay County, IL

*12 wooded hunting acres with large trees

Seller: Clifford Willison Estate

Estate’s Attorney

Attorney • Robert G. Coble

832 W North Ave D, Flora, IL 62839

(618) 662-4477

AUCTION ORDER

Tract 5 will sell first, followed by Tract 6. Tracts 1-4 will be offered under sequential purchaser privileges as follows: Tract 1 will be offered next. The winning bidder for Tract 1 will have the right to purchase any none, one, or any combination of Tracts 2, 3, and/or 4 at the same price per acre as the Tract 1 winning bid. The privilege is optional. Any of Tracts 2, 3, or 4 not elected by the Tract 1 purchaser will remain available and will be offered next in numerical order. For each subsequently offered tract, the winning bidder will have the right to purchase any tracts that remain unsold at that bidder’s same price per acre. These privileges continue in this manner, allowing a purchaser to take any combination of higher-numbered remaining tracts until all of Tracts 1, 2, 3, and 4 are sold. If the Tract 1 purchaser does not elect to take Tract 2, Tract 2 will then be sold to the next highest bidder. The winning bidder of Tract 2 will then have the right to purchase Tract 3 and/or Tract 4 at the same price per acre as the winning Tract 2 bid, and so on. These privileges continue in sequence until all tracts are sold or privileges are waived. (To simplify it tracts 1,2,3 and 4 will be offered choice)

Please Note: Any election for privilege must be made immediately upon the fall of the hammer for the tract just sold.

NO COLLUSION, TEAMING, OR BIDDING ARRANGEMENTS THAT RESULT IN DIFFERENT PERSONS OR ENTITIES TAKING TITLE TO TRACTS PURCHASED UNDER A SINGLE WINNING BID WILL BE PERMITTED.THE REGISTERED BIDDER APPEARING ON THE BID CARD WILL BE THE PARTY OBLIGATED TO CLOSE ON AND TAKE TITLE OF THE PURCHASED PROPERTY(IES). Meaning, a purchaser who exercises a privilege to buy additional tract(s) must take title in that same Purchaser’s name or legal entity. Purchasers may NOT arrange for another person or entity to take title to the additional tract(s) at closing. Any bid made in collusion or with the intent to transfer title to a non-registered bidder may be rejected and the sale declared void at the auctioneer’s discretion. The auctioneer/seller reserves the right to refuse any bid, require proof of identity or authorized signing authority, and require the registered bidder to complete closing in his/her/their name as shown on the bid card.

AUCTION TERMS & CONDITIONS

Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.

Absolute Auction: Property sells with no reserve.

Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total surveyed acres for each tract. Purchase agreements will reflect the total tract price, not per-acre price, and will not change for any reason including future surveys. 

Bidding Increments: Pre-bidding increments will be $100.00 per acre and the auctioneer will dictate the bid increments on auction day.

Extended Bidding: Any bid placed on Tracts 1-2 within the final 2 minutes will extend bidding on both Tracts 1 and 2 by 2 minutes. Any bid placed on Tracts 3-7 within the final 2 minutes will extend bidding on Tracts 3-7 by 2 minutes.

Down Payment & Closing: 10% of the total purchase price is due on auction day. The remaining balance is due at closing, approximately FORTY (40) days following the auction. Down payment is held in escrow with the title company.

Purchase Agreement: Successful bidders must sign purchase agreements on the date of the auction at the auction site, unless however, such winning bidder is an online bidder, in which case, will sign via DocuSign.

Crops & Possession: Current farm tenant retains rights to 2025 crop. New owners gain possession (and farming rights) at closing if harvest is complete, or upon completion of harvest if crops remain in the field.

Condition: Real estate sells “As Is.” The information contained herein is believed to be accurate, but Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.

Announcements: Auction day announcements take precedence over printed materials.

Liability: Schmid Auction is not responsible for accidents.

Your Opportunity to Own Prime Illinois Farmland.