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Cass County, IL Land Auction - UMB Bank

Real Estate  >  Sullivan Auctioneers, LLC  >  Cass County, IL Land Auction - UMB Bank

Cass County, IL Land Auction - UMB Bank

by Sullivan Auctioneers, LLC
Fri, Oct  2, 2020  1:00 PM   Central
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 Oakford Rd. (Cty. Hwy. 12) east of Chandlerville, IL. These two tracts are ideally located near the Jim Edgar, Panther Creek State Fish and Wildlife Area. The individual tracts represent productive tillable farmland, pasture and timber, hunting/recreational land, and a tremendous grain handling and storage facility. 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. POTENTIAL BIDDER QUALIFICATIONS Each of Sullivan Auctioneers, LLC and UMB Bank, N. A., Secured Lender, reserves the right to accept or reject any potential bidder(s) and, further, reserves the right to require from any potential bidder a letter of credit or other similar evidence of immediately available funding of the bidder’s purchase. VIRTUAL ONLINE ONLY AUCTION – NO ONSITE BIDDING! All tracts will sell As-Is, no reserve, regardless of price, subject only to court approval.
Method and Terms Method and Terms

Method and Terms

Lot #0 (Sale Order 1 of 6)


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 Oakford Rd. (Cty. Hwy. 12) east of Chandlerville, IL. These two tracts are ideally located near the Jim Edgar, Panther Creek State Fish and Wildlife Area.

The individual tracts represent productive tillable farmland, pasture and timber, hunting/recreational land, and a tremendous grain handling and storage facility.

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.

POTENTIAL BIDDER QUALIFICATIONS

Each of Sullivan Auctioneers, LLC and UMB Bank, N. A., Secured Lender, reserves the right to accept or reject any potential bidder(s) and, further, reserves the right to require from any potential bidder a letter of credit or other similar evidence of immediately available funding of the bidder's purchase.

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 its entirety. All sales will be final.

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, or otherwise ordered by the court. The successful bidder(s) shall receive receipt of sale, and a certificate of sale upon payment in full. The sale shall be subject to court approval. 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".

Cass County, Illinois Circuit Court of the Eighth Judicial Circuit
Case No. 2018-CH-5

UMB Bank, N. A., Secured Lender

Representing Attorney:
Thomas W. Hayde, Jr. #6288227
Eric Peterson #6330989
Spencer Fane LLP
1 North Brentwood Boulevard, Suite 1000
St. Louis, MO 63105
Phone: 314-863-7733

 


Tract 1 - 80.48 Surveyed Acres Tract 1 - 80.48 Surveyed Acres

Tract 1 - 80.48 Surveyed Acres

Lot #1 (Sale Order 2 of 6)

 
  • FSA information should indicate 74.62+/- acres tillable.
  • Crop Productivity Index (PI) is 118.2.
  • Soil types on tillable acres include Ipava, Rozetta & Sylvan.
  • Soil map available online.
  • Balance acres are in draws.
  • Public road access is on the north by Six Mile Road 650N and on the south by Orchard Road 600N.
The purchase agreement will be adjusted to a quantity of 80.48 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 188.10 Surveyed Acres Tract 2 - 188.10 Surveyed Acres

Tract 2 - 188.10 Surveyed Acres

Lot #2 (Sale Order 3 of 6)

 
  • 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.

The purchase agreement will be adjusted to a quantity of 188.10 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 23.37 Surveyed Acres Tract 3 - 23.37 Surveyed Acres

Tract 3 - 23.37 Surveyed Acres

Lot #3 (Sale Order 4 of 6)

 
  • 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.

The purchase agreement will be adjusted to a quantity of 23.37 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 4 - 131.59 Surveyed Acres Tract 4 - 131.59 Surveyed Acres

Tract 4 - 131.59 Surveyed Acres

Lot #4 (Sale Order 5 of 6)

 
  • 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 and 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.

The purchase agreement will be adjusted to a quantity of 131.59 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 5 - 20.02 Surveyed Acres Tract 5 - 20.02 Surveyed Acres

Tract 5 - 20.02 Surveyed Acres

Lot #5 (Sale Order 6 of 6)

 
  • 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.
  • Subject to power initiation fees and charges with Menard Electric Coop.
  • Full possession at closing.
  • Propane tanks not being conveyed.

This tract will sell for a total lump sum dollar amount.