139 + or – Acre Clay County Online Only Farmland Auction (timed auction)

Wednesday, March 20th @ 1:00PM

Property located in Clay County just east of Bible Grove, IL

Directions: South of Dieterich and North of Clay City go west on the Bible Grove Rd. and follow the auction signs.

Tract 1 ● 80 + or – acres prime Farmland, 77.38 + or – tillable acres. Located in Sec. 14 Bible Grove Township, Clay County, IL Road Frontage Bible Grove Rd., and Zion Ln. Spring 2024 farming rights! Field has dry dams w/tile for drainage & erosion control. Soil PI 108.71

Tract 2 ● 39 + or – acres prime Farmland, 34.78 + or – tillable acres. Located in Sec. 23 Bible Grove Township, Clay County, IL. Road Frontage Zion Lane. Spring 2024 farming rights! Soil PI 108.52

Tract 3 ● 20 + or – acres prime land, 19.1 + or – tillable acres of prime Farmland. Located in Sec. 15 Bible Grove Township, Clay County, IL There is an oil well on this property. Seller does not own oil rights and new owner will not receive oil rights. Road Frontage Bible Grove Rd. Spring 2024 farming rights! Soil PI 108.48

Kevin Frohning worked hard on this farm. Fertility and drainage were his priorities.

Seller: Rosemary Frohning

Seller’s Attorney

Aaron K. Leonard

Taylor Law Offices PC

122 E Washington Ave, Effingham, IL

100 West 6^th Street Flora, IL 62839

217-342-3925

Whenever there is a bid on any of the 3 tracts of land they will all extend for an additional 3 minutes. All tracts are offered separately but will close at the same time. Land is offered by the acre. The high bid on each tract will be multiplied by the acres. Example Tract 1 high bid x 80.

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

Terms & Conditions:  Real Estate is sold “As Is.” 10% down sale remainder due at closing approx. 40 days. The 40 days may fluctuate because of the 1031 exchange. Seller is selling the subject Real Estate as relinquished Real Estate in a like-kind exchange under Section 1031 of the Internal Revenue Code. Buyer agrees that Seller may assign this Agreement to an exchange intermediary of Seller’s choice. Buyer shall cooperate in effecting the said exchange, and Seller shall hold Buyer harmless from any costs or claims arising from such cooperation and exchange. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. Buyer or buyers will have farming rights this spring even if the property has not closed yet. Maps, borders, on brochures, websites and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at the auction site. It is the potential bidder’s responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents. Bidding will be by the acre. An acre price will not be put in the purchase agreement. A total tract price will be put in the purchase agreement, and it will not change for any reason including future surveys.