120 + or - Acres (Prime Farm Land)

120 Acres Prime Cumberland County, IL Farm Land

Auction Site – Schmid Auction Center 18895E U.S. Hwy 40 Teutopolis, IL 62467

Directions to Schmid Auction Center: 4 miles east of Effingham, IL on U.S. Hwy 40 or a ½ mile east of Teutopolis, IL on U.S. Hwy 40.  Or off Interstate I-70 in Montrose, IL take exit 105 & go south a ¼ of a mile.  Turn west on U.S. Hwy 40 & travel 3.5 miles.

Directions to property: Off I-70 in Montrose, IL take exit 105 and go north 3 miles on the Montrose Blacktop or west of Toledo off Rt. 121 go south on 500E Montrose Blacktop 4 miles

Tract 1 • 40 + or – acres approx 38.16 tillable acres, road frontage on 2 sides, located in Sec, 23 Spring Point East Township Cumberland County, IL

Tract 2 • 20 + or – acres approx 19.3 tillable acres, road frontage on 1 side, located in Sec, 23 Spring Point East Township Cumberland County, IL

Tract 3 • 60 + or – acres approx 59.46 tillable acres, located in Sec, 23 Spring Point East Township Cumberland County, IL

There is an existing easement 30’ in width on the on the south side of tract 2 continuing westerly across tract 3.  In the event tracts 2 and 3 sell separate, an easement for ingress & egress will be granted on the south part of tract 2 (30’ in width) for the benefit of tract 3 (existing easement).  Planted crop belongs to the current farm tenant.  Buyer will be granted farming rights Dec 31^st 2012 and will receive the second half of the cash rent payment on or before Oct 30^th 2012 (second half is $62.50/tillable acre).

Legal Descriptions

Tract 1 – The Northeast Quarter of the Northeast quarter

Tract 2 – The North Half of the Southeast Quarter of the Northeast Quarter

Tract 3 – The North Half of the Southwest Quarter of the Northeast Quarter, The East 2/3rds of the South Half of the Southwest Quarter of the Northeast Quarter, and The East 2/3rds of the Northwest Quarter of the Southeast Quarter

All in Section 23, Township 9 North, Range 7 East of the Third Principal Meridian, situated in the County of Cumberland and State of Illinois

Soil Types

Seller • Lanus Lands LLC.

Attorney for the Seller

Schniederjon, Weber, & Orr

Rockney Weber

304 E. Jefferson • Effingham, IL 62401

217-347-0555

TITLE EVIDENCE MAY BE VIEWED AT THE OFFICE OF SCHNIEDERJON, WEBER, & ORR

Terms & Conditions

Real Estate sold “As Is”. 10% down sale day remainder due at closing 30 days. Property sold in a manner resulting in the highest sale price subject to seller confirmation.  Tracts offered choice by the acre.  Successful bidder required to enter into a purchase agreement at auction site following close of the auction. It is the potential bidder’s responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. Information contained herein is believed to be accurate but 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.