Cass County, IL Auction

Cass County, IL Auction

Virtual Online OnlyAuction! [email protected] Cass County, Illinois

443.56 SURVEYED

ACRES 5 Tracts

TUESDAY, AUGUST 18, 2020 AT 1:00 P.M.

NO RESERVE

Cass County, Illinois Circuit Court of the Eighth Judicial Circuit Case No. 2018-CH-5 UMB Bank, N. A., Secured Lender REPRESENTING ATTORNEYS: Thomas W. Hayde, Jr. #6288227 & Eric Peterson #6330989 Spencer Fane LLP • 1 North Brentwood Boulevard, Suite 1000 • St. Louis, MO 63105 • Ph: 314-863-7733

Sullivan Auctioneers, LLC | www.sullivanauctioneers.com | Toll Free (844) 847-2161 | Lic. #444000107

LOCATION & GENERAL INFORMATION All tracts are located in Cass County, Illinois. Tracts 1 & 2 are located in Section 2 of Arenzville Township and Section 35 of Bluff Springs Township. Tract 3 is located in Section 27 of Bluff Springs Township. Be watching for pre sale directional signs for Tracts 1, 2 & 3 along Rte. 125 west of Virginia, IL. Tracts 4 & 5 are located in Section 2 of Panther Creek Township (on Cty. Hwy. 2). Be watching for pre sale directional signs for Tracts 4 & 5 along the Oakford Rd. (Cty. Hwy. 12) east of Chandlerville, IL. The individual tracts represent productive tillable farmland, pasture and timber, hunting/recreational land, and a tremendous grain handling and storage facility. All tracts are ideally located near the Jim Edgar, Panther Creek State Fish and Wildlife Area. All 5 tracts will sell at unreserved auction, subject only to court approval. All tracts sell subject to the remainder of the 2020 farm tenancy with a local operator. All tracts sell with full 2021 crop year farming rights. Full possession will be granted at closing on the grain facility located on Tract 5. All 5 tracts have recently been surveyed. Final surveyed acres will be used to calculate the final contract price. Anyone wishing to inspect the properties will need to contact Sullivan Auctioneers. Sullivan Auctioneers’ Note: The home located at the south border of Tract 4 is not included in this auction. The driveway leading to this home is NOT access to Tract 4. The barns, sheds, shop and other structures are included with Tract 4. No one is allowed in any building without Sullivan Auctioneers’ representative being present. The access to Tract 4 and the buildings on Tract 4 is the far west entrance. METHOD & TERMS The farm will be sold in 5 individual tracts, all of which have recently been surveyed. Tracts 1 - 4 will sell on a price per acre basis, with the surveyed acres being used to calculate the individual contract prices. Tract 5, which includes the grain handling and storage facility, will sell last and for a lump sum or total dollar amount, and not on a price per acre basis. All tracts will be sold individually. After all tracts have been sold the farm will NOT be offered in it’s entirety. All sales will be final. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. Ten (10%) percent of the bid price to be due on the day of sale with the balance due at closing in approximately 30 days, on or before Monday, September 21, 2020. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, which are due and payable in 2021, will be paid by the seller as the seller will retain the 2020 crop income. Possession will be given at the time of closing subject only to the remainder of the farm tenancy agreement on all tillable acres. Full possession will be granted at closing on the grain facility located on Tract 5. All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

VIRTUAL ONLINE ONLY AUCTION. NO ONSITE BIDDING! • All tracts will sell no reserve, regardless of price, subject only to court approval. • This will be a virtual online only auction. • Individuals wishing to bid must be registered with ProxiBid. Log onto www.sullivanauctioneers.com to get pre registered. • If you need assistance with internet bidding, please contact our office at (844) 847-2161. • No buyer’s premium will be charged. • All tracts being sold AS-IS, subject only to court approval.

PLAT, AERIAL & INFORMATION • TRACTS 1 & 2

TRACT INFORMATION TRACT 1 - 80.48 SURVEYED ACRES • FSA information should indicate 74.62± acres tillable. • Crop Productivity Index (PI) is 118.2. • Soil types on tillable acres include Ipava, Rozetta & Sylvan. • Public road access is on the north by Six Mile Road 650N and on the south by Orchard Road 600N. TRACT 2 - 188.10 SURVEYED ACRES • FSA information should indicate 155.44± acres tillable. • Crop Productivity Index (PI) is 100.5. • Soil types on tillable acres include Sylvan, Rozetta & Arenzville. • Soil map available online. • Balance acres are in waterways and wooded draws. • Public road access is by Orchard Road 600N, which splits this tract. • Soil map available online. • Balance acres are in draws.

PLAT, AERIAL & INFORMATION • TRACT 3

TRACT INFORMATION TRACT 3 - 23.37 SURVEYED ACRES • FSA information should indicate 12.27± acres tillable. • Crop Productivity Index (PI) is 108.3. • Soil types on tillable acres include

Keomah, Sylvan & Fayette. • Soil map available online. • Balance acres are wooded.

• Very nice small tract, which has it all with tillable income, wildlife habitat and would make a beautiful possible new home site. • Public road access by Clayton Road along the entire south and west sides.

PLAT, AERIAL & INFORMATION • TRACTS 4 & 5

TRACT INFORMATION TRACT 4 - 131.59 SURVEYED ACRES • FSA information should indicate 53.6± acres tillable. • Crop Productivity Index (PI) is 105.1. • Soil types on tillable acres include Sylvan, Fayette & Rozetta. • Soil map available online. • Balance acres include shop, barn, buildings, along with pastureland and wooded areas, which offer outstanding wildlife habitat. • Public road access by County Highway 2 along the entire south border. • Note: The home is not included with this tract and the driveway leading to the home is not access to this tract.

TRACT 5 INFORMATION

228,000 BUSHEL STORAGE CAPACITY & 18,000 BUSHEL WET BIN GRAIN HANDLING & STORAGE FACILITY!

TRACT INFORMATION TRACT 5 - 20.02 SURVEYED ACRES • FSA information should indicate 8.67± acres tillable. • Crop Productivity Index (PI) is 104.6. • Soil types on tillable acres include Fayette & Sylvan. • Soil map available online. • Balance acres include wooded draw and pastureland. • Public road access by County Highway 2 along the entire north side with additional access along the entire west side by Reed Road.

GRAIN FACILITY • 228,000± bu. of grain storage. • Additional 18,000± bu. wet bin.

• All bins are GSI. • (2) 40 hp. fans. • (4) 57,000 bu. bins. • Farm Fans CF/AB 601 continuous flow grain dryer. • Grain leg setup with pit. • Easy access drive thru. • Electric service provided by Menard Electric Coop. • Full possession at closing. • Propane tanks not being conveyed.

SUBJECT PHOTOS

ILLINOIS OFFICE 1066 E. US Hwy. 136 Hamilton, IL 62341-0111

INDIANA OFFICE 11996 N Goshen Road Huntington, IN 46750-8864

THINKING OF AN AUCTION? Give us a call today for a no-obligation consultation!

Phone (844) 847-2161

Phone (260) 437-2771

Email [email protected] Website www.sullivanauctioneers.com

Sullivan Auctioneers, LLC PO Box 111 Hamilton, IL 62341-0111 www.sullivanauctioneers.com

FIRST CLASS U.S. POSTAGE PAID

QUINCY, IL PERMIT 23 62301

Virtual Online OnlyAuction! [email protected]

Cass County, Illinois

443.56 SURVEYED

ACRES 5 Tracts

TUESDAY, AUGUST 18, 2020 AT 1:00 P.M.

Sullivan Auctioneers, LLC | www.sullivanauctioneers.com | Toll Free (844) 847-2161 | Lic. #444000107