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Don S & Dorothy M Grunloh Trust - .47 Acre Online Only No Reserve Land Auction

Auction Starts to close Monday Oct 12^th @ 1:00PM

12622 N 1075th St. Effingham, 62401

.47 Acres (half acre) parcel # 11-07-035-058 Zoned B2 (Business 2)

Structure 1: FARM – Agricultural pole building 54’x28’ • 1,512 Square Ft. pole building w/concrete built in 1973. 80” tall 12’ wide overhead door.

Structure 2: FARM – Agricultural Steel built w/electric and small office 13’x14’, 50’x60’ • 3,000 sq. ft. insulated Building 1987. 50”x60” glass walk in door. 12’wide x13’tall overhead door

Structure 3: FARM – Agricultural pole building 40’x56’ • 2,240 Square Ft. pole building w/concrete built in 1998, 12’tallx14’wide door w/man door, 8’ trusts.

2025 taxes payable in 2026 were $1,896.92. Taxes will be prorated to date of closing.

Although the GIS map appears to show one building on the neighboring property, the map is inaccurate; all buildings are located on the property being sold at auction.

Building Viewings: Monday, Sept 21^st 1pm-3pm and Wed. Sept 23^rd 9am-11:30am

Properties in the B-2 general commercial district may be used for various business and service operations, including:

• Retail stores and general commercial trade.
• Laboratories (experimental, film, or testing).
• Printing, publishing, and engraving shops.
• Service industries like laundries or dry cleaning.
• Automobile service, repair shops, and used car sales (with specific setback rules).
• Upper-floor residential dwellings, provided they meet local building, plumbing, and electrical codes

Property and building measurements: All measurements are estimates and should be verified by buyers. While we measured structures, errors may occur; therefore, the auction company and sellers are not liable for inaccuracies.

Bidding Method: Auction is by the TRACT not by the acre. $500.00 bid increments.

Bid extension: If a bid is placed on the real estate with less than 3 minutes left, 3 additional minutes will be added to that tract's auction time. The auction will begin to close on Monday Oct 12^th @ 1:00PM

Bidding Increments: $500 per bid increments. The purchase price is fixed, regardless of future surveys.

Down Payment & Closing: A down payment equal to 10% of the total purchase price is required on the day of the auction or the subsequent day. The remaining balance must be paid at closing, which is scheduled approximately 40 days after the auction. The down payment will be held in escrow at the title company in the event of buyer default at closing, the seller will retain the 10% down payment.

Purchase Agreement: All successful bidders are required to execute purchase agreements on Monday Oct 12^th or Tues Oct 13^th. Agreements may be completed either in person or through DocuSign.

Condition: Real estate is sold “As Is.” Buyers should independently inspect and verify all details, as maps and measurements are only estimates. The auction company and sellers are not responsible for any inaccuracies.

Announcements: Auction day announcements take precedence over printed materials.

Liability: Schmid Auction and Don S & Dorothy M Grunloh Trust. disclaim any responsibility for accidents. Successful bidders are prohibited from moving items onto the property or occupying it until the real estate transaction has been finalized.

Buyer is responsible for all loan-related fees, recording the deed and mortgage, half the settlement fee, date down search, and wire fee. Seller covers deed preparation, transfer stamps, owner policy fees, initial search fee, half the closing fee, and document preparation. Taxes will be prorated as of the closing date.