Auction Information
Online Bidding Site96.72 +/- Surveyed Acres Land Auction No Reserve Jasper County Illinois
96.72 +/- Surveyed Acres Land Auction No Reserve
Live Auction in person Land Auction (online bidding available)
Ste. Marie, Illinois Jasper County (property location)
Auction Site: Knights of Columbus Hall, 707 S. Van Buren St. Newton, IL 62448
Monday, November 17th at 1:00 PM (Live auction w/simulcast bidding)
TRACT INFORMATION
96.72 +/- 83.70 + or – tillable acres. 11.4 + or – acres of CRP (CP21) filter strips $223.23 per acre annual payment expires 9/30 2030. Land is terraced & tiled. Farming rights will be granted at closing or when the current crop is removed. Located in Sec 28 Fox Township North, Jasper County IL Soil PI 102.4
Sellers: Edward Kistner, Ron Kistner & Allen Kistner
Seller’s Attorney
Pamela J. Apke
Law Group of Illinois LTD.
307 N Third Street
Effingham, IL 62401
(217) 347-0555
Fax: (618) 283-3037
AUCTION TERMS & CONDITIONS
Rights: Sellers are keeping their share of mineral rights ...
Rights: Sellers are keeping their share of mineral rights for 20 years and production thereafter.
Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres for each tract. Purchase agreements will reflect the total tract price (not per-acre price).
Bidding Increments: Pre-Bidding increments $100.00 per acre. The auctioneer will dictate the bid increments at the auction.
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.
Purchase Agreement: Successful bidders must sign purchase agreements on Monday Nov 17th or Tuesday Nov. 18th. (in person or via DocuSign).
Crops & Possession: New owners gain possession at closing. Harvest is complete.
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.
CRP Liability: If any amount of land in the future is taken out of USDA CRP programs, the new owner or owners are liable to refund the USDA for past payments.
Announcements: Auction day announcements take precedence over printed materials.
Liability: Schmid Auction is not responsible for accidents.
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