Iola, IL 62838 - Clay County

120 Acre Prime Clay County Land Auction Live Auction w/online bidding

Tuesday, December 3rd 1pm

Auction Site American Legion Post 914 590 S Main St, Louisville, IL 62858

Tract 1 40 + or Acres, 39.71 + or tillable acres, Located in Sec 8, Oskaloosa Township, Clay County, IL Parcel #05-08-300-002. Farming rights granted at closing.

Tract 2 80 + or Acres, 75 + or acres, Located in Sec 8, Oskaloosa Township, Clay County, IL Parcel #05-08-200-001. Farming rights granted at closing.

Clay County, Illinois (IL025) Tract 1 Soils

Map Unit Symbol Map Unit Name Percent of AOI

2A Cisne silt loam, 0 to 2 percent slopes 0.0%

3A Hoyleton silt loam, 0 to 2 percent slopes 64.1%

3B2 Hoyleton silt loam, 2 to 5 percent slopes, eroded 35.9%

Totals for Area of Interest 100.0%

Clay County, Illinois (IL025) Tract 2 Soil

Map Unit Symbol Map Unit Name Percent of AOI

2A Cisne silt loam, 0 to 2 percent slopes 25.0%

3A Hoyleton silt loam, 0 to 2 percent slopes 40.1%

3B2 Hoyleton silt loam, 2 to 5 percent slopes, eroded 31.8%

218A Newberry silt loam, 0 to 2 percent slopes 3.1%

Totals for Area of Interest 100.0%

Tracts 1 and 2 offered privilege. The high bidder will have the choice between either tract 1, 2, or both. Offered by the acre!

GCZ CLAY LLC - Sellers

All sellers mineral, oil, and gas title, if any, will pass without warranty of title or title evidence. The final bid price will be multiplied by the total number of acres in each tract. Such number will be put on the purchase agreement. Farming rights granted at closing or after the current crop is removed. The crop belongs to the current farm tenant. Pre-bidding on land will begin on November 3rd at 1:00PM

Terms & Conditions: Real Estate is sold As Is. 10% down sale remainder due at closing approx. 30 days. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. New owners will have farming rights at closing. 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 bidders 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.