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Schmohe Farm Land Trust Land Auction 83.14 + or – Acres

Property Located on North 1000^th Rd. Effingham, IL 62401

Online Only Auction – Begins to Close Tues. Jan 27^th 6:00PM

Tract 1 • 21.5 + or - Acres, 13.45 + or – tillable, located in Sec 2, Jackson Township, Effingham County, IL. Soil PI 98.9, incredible building sites!

Tract 2 • 18.5 + or - Acres, 17.15 + or – tillable, located in Sec 2, Jackson Township, Effingham County, IL. Soil PI 100.5, incredible building sites!

Tract 3 • 25.89 + or – Acres, 2.48 + or – acres tillable, located in Sec 10, Jackson Township, Effingham County, IL. Large trees, incredible hunting and building sites.

Tract 4 • 17.25 + or - Acres, located in Sec 10, Jackson Township, Effingham County, IL Large trees, incredible hunting and building sites.

Survey: Should tracts 1 and 2 be purchased by separate buyers, a survey will be conducted, and the per-acre bid price will remain constant, being applied to the surveyed acreage. Similarly, if tracts 3 and 4 are acquired by different purchasers, a survey will also be performed, with the per-acre bid price maintained and applied to the newly determined acreage.

Illinois farmland, deer & turkey hunting, woods & country homesites. 7 minutes from Effingham, electric and water available, ¾ mile of wooded bluffs overlooking Lily Creek and the Little Wabash River Valleys.

A Forestry Management Plan exists on 45 wooded acres. This plan was prepared by

Forest Resources, Greg Gordon, and Perry Bushue. It is dated September 15, 2020, with

a renewal date of September 15, 2030. This plan contains tree inventory and condition.

classifications by species and size, and forest management recommendations.

The Mobile home site Tract 1, at 11090 N 1000th St,

Effingham, IL 62401 is rented on a monthly basis, paid a year in advance. The current

tenant has resided there for 41 years, mows the property, and has paid rent for 2026.

calendar year. The renter owns the mobile home. The Schmohe Farmland Trust owns

the outbuildings.

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

Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres. Purchase agreements will reflect the total tract price (not per-acre price).

Bidding Increments: Bidding increments $25.00 per acre.

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

Purchase Agreement: Successful bidders must sign purchase agreements on Wednesday Jan. 28^th (in person or via DocuSign).

Crops & Possession: New owners gain possession at closing.

Condition: Real estate sells “As Is.” 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.

Bidding is by the acre. At 6PM Central Standard time on Tuesday Jan 27^th. When there is a bid on Tract 1 or tract 2 in the last 2 minutes 2 minutes will be added. Bidding is by the Acre! Bidding will be in $25.00 Increments.

Bidding is by the acre. At 6PM Central Standard time on Tuesday Jan 27^th. When there is a bid on Tract 3 or tract 4 in the last 2 minutes 2 minutes will be added. Bidding is by the Acre! Bidding will be in $25.00 Increments.

When there is a bid with less than 2 minutes remaining 2 minutes will be added to Tracts 1 and 2.

When there is a bid with less than 2 minutes remaining 2 minutes will be added to Tracts 3 and 4.

Internet or bidding problems call the auction company immediately!!!!!

AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. Have financing in line! No refundable 10% down payment. Fraudulent bidders will be prosecuted to the fullest extent.

A bid is a binding contract!!  It is a crime to bid if a person does not have intentions of following through with the purchase.