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Method and Terms Lot #0 (Sale Order 1 of 4) This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-3. A survey will be completed prior to the auction on all 3 tracts and each tract will be sold by the acre based on the surveyed acres. All 3 tracts will be offered through the marketing method of "Buyer's Choice" whereas the high bidder can purchase (in any order) any or all of the tracts for their high bid. "Buyer's Choice" auctioning will continue until all 3 tracts have been elected. The tracts will not be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment, which will be held in escrow until closing. The balance of the purchase price will be due at closing which will be on or before October 1, 2021. Possession will be given at the time of closing subject to the current 2021 farm lease. The seller is retaining all their interest in the 2021 growing crop. The 2021 real estate taxes, due and payable in 2022, will be paid by the sellers. The 2022 real estate taxes and all subsequent years will be the responsibility of the buyer(s). Title insurance in the full amount of the purchase price will be provided by the seller. Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection. All announcements made sale day take precedence over 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, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by seller or Sullivan Auctioneers, LLC pertaining to this property. Real estate is being sold "AS IS". CLICK HERE TO VIEW TILE MAP CLICK HERE TO VIEW REAL ESTATE & DRAINAGE TAX INFORMATION CLICK HERE TO VIEW FSA INFORMATION CLICK HERE TO VIEW SURVEY PLAT - revised 8/26/21 CLICK HERE TO VIEW SURVEY PLAT - AERIAL OVERLAY CLICK HERE TO VIEW TITLE COMMITMENT CLICK HERE TO VIEW TRACT 1 PURCHASE AGREEMENT CLICK HERE TO VIEW TRACT 2 PURCHASE AGREEMENT CLICK HERE TO VIEW TRACT 3 PURCHASE AGREEMENT Mary Schulte & Herman B. Schulte Trusts Catherine Jayne Carney, Trustee Representing Attorney: Pamela E. Hart Scott & Scott, PC 611 E. Monroe Street #200 Springfield, IL 62701 (217) 753-8200 Auction Managers: John Sullivan (309) 221-6700 Dan Sullivan (844) 847-2161 |
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Tract 1 - 206.56 Surveyed Acres+/- Lot #1 (Sale Order 2 of 4)
The purchase agreement will be adjusted to a quantity of 206.56 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$11,000.00 x 207 = $2,277,000.00 Total
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Tract 2 - 62.33 Surveyed Acres+/- Lot #2 (Sale Order 3 of 4)
The purchase agreement will be adjusted to a quantity of 62.33 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$12,000.00 x 62 = $744,000.00 Total
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Tract 3 - 52.03 Surveyed Acres+/- Lot #3 (Sale Order 4 of 4)
The purchase agreement will be adjusted to a quantity of 52.03 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$8,100.00 x 52 = $421,200.00 Total
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