Auction Information
180 Acres No Reserve Clark & Cumberland County Farmland Auction Online Only
180 Acre No Reserve Online Only Auction – Gary L. McMechan Trust
Thurs. Jan 29th @ 1PM Central Time • Cumberland & Clark County, IL
Tract 1 • 40 + or – Acres, 40 + or – tillable acres, parcel # 09-11-100-0004 Located in Sec 11, Union E. Township, Cumberland County, IL. Soil PI 107.4
Tract 2 • 40 + or – Acres, 30 + or – tillable acres, parcel # 09-11-300-002 Located in Sec 11, Union E. Township, Cumberland County, IL. Soil PI 94.8
Tract 3 • 60 + or – Acres, 57.96 + or – tillable acres, parcel # 09-03-400-001, Located in Sec 3 Union E. Township, Cumberland County, IL. Soil PI 105.9
Tract 4 • 40 + or – Acres, 38.77 + or – tillable acres, parcel # 03-11-16-00-400-001 Located in Sec 16, Casey Township, Clark County, IL. Soil PI 113.7
Farming rights are granted once the purchase agreement is signed and the Title Company receives the 10% down payment.
Trustee: Darrin Stirrett
Seller’s Attorney
Pamela J....
Pamela J. Apke
Law Group of Illinois LTD.
307 N Third Street
Effingham, IL 62401
(217) 347-0555
Fax: (618) 283-3037
Mineral Rights: All of seller’s mineral, oil, and gas title, if any, will pass without warranty of title or title evidence.
Bidding Method: Auction is by the acre. The final price is the high bid times total tract acres, and purchase agreements will state the total tract price.
Bid extension: If a bid is placed on a tract with less than 3 minutes left, 3 additional minutes will be added to that tract's auction time. The auction will begin to close on Thurs. Jan 29th @ 1pm Central Time.
Bidding Increments: $25.00 per acre bid increments.
Down Payment & Closing: 10% of the total purchase price is due on auction day or the following day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company. If the buyer defaults at closing, the seller keeps the 10% down payment and loses any crop inputs if immediate farming rights were exercised.
Purchase Agreement: Successful bidders must sign purchase agreements on Jan 29 or Jan 30, either in person or via DocuSign.
Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.
Announcements: Auction day announcements take precedence over printed materials.
Liability: Schmid Auction is not responsible for accidents.
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About Trent Schmid
Schmid Auction is a family-owned auction company that is composed of second, third, and fourth generation auctioneers. We specialize in Farmland, Hunting Land, Farm & Construction Equipment, Commercial and Industrial Auctions.We have conducted large farm closeouts, sold thousands of acres of farmland,and business dispersal sales. At Schmid we are dedicated to getting the top value for our sellers. We create targeted multimedia marketing plans to provide the best pool of potential buyers. We strive to provide the greatest value to our clients with the utmost honesty and integrity. Offering online bidding and auction simulcast on BidSchmid.com, along with marketing both in print and on multiple online sources, including social media, we offer our clients the best opportunity to have their property seen by potential customers near and far to get the most value possible. Schmid Auction has been recognized by Machinery Pete multiple times for record high prices on equipment.Serving Illinois, Indiana and Missouri