Online Only Land Auction – Timed Auction

Monday, June 17^th 6:00PM auction begins to close.

Prime Clark County IL Farm and Hunting Land

Tract 1 is located just east of Martinsville, IL on U.S. Hwy 40.

Tract 2: go southeast on the Angling Road approx. 3.7 miles then west on E 1000^th Rd 3 miles then south N. 670^th St. ¼ of a mile.

Tract 1 ● 10.28 Acres, 10 + or – tillable acres. Located in Section 4 Martinsville South Township Clark County, IL. 2023 taxes payable in 2024 are $214.00.

Tract 2 ● 20 Acres, 10.8 + or – tillable & 9.2 + or – wooded hunting land. Located in Section 30 Martinsville South Township Clark County, IL. 2023 taxes payable in 2024 are $254.00. Approx 7 miles from Moonshine and 5 miles from Martinsville.  Incredible Whitetail Deere & Turkey Hunting.

Current Crop belongs to farm tenant.  New owners will receive farming rights Dec 1^st or sooner when the fall crop is removed.

Seller is selling the subject Real Estate as relinquished Real Estate in a like-kind exchange under Section 1031 of the Internal Revenue Code. New buyer must close on real estate on or before July 15^th, 2024. Buyer will give seller a credit at closing for 2024 taxes payable in 2025.

Seller Evan and Ering Tingley

Whenever there is a bid on either tract 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 10.28

The seller will remove the tank battery before closing!  The oil jack does not belong to the seller and will be removed at some point.  There is no longer oil production on the land.

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. on or before July 15^th, 2024. 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.