Online Farmland Auction
Mildred Balla Estate
178.5 +/- Acres Selling in 6 Tracts
Located Just North of Donnellson and along and East of Rt.127
Bidding Ends on December 14th @ 6PM
We are pleased to offer this great farm at public auction. The farm has been in the Balla family for multiple generations. Based on a current survey, We will offer the farm in six tracts ranging from 16.093 acres to 60.582 acres. The farm is open for 2024 farm tenancy.
BECAUSE OF THE AUCTION SOFTWARE, ACRAGE HAS BEEN ROUNDED FOR BIDDING. BUYER WILL BE CHARGED THE WINNING BID PRICE PER ACRE MULTIPLIED BY SURVEYED ACRES FOR EACH SPECIFIC TRACT. PLEASE CONTACT THE AUCTION MANAGER WITH ANY QUESTIONS.
· Tract #1: 60.582 Acres with approx. 58 acres tillable. The predominant soil types include: 885A Virden-Fosterburg Silt Loams and 993A Cowden-Piasa Silt Loams. The farm has an average PI rating of 119.6. This tract is part of PIN: 21-19-100-012 & 21-19-100-022. Real Estate Taxes Estimated at $1,706. Earnest Money: $25,000
· Tract #2: 23.881 Acres with approx. 23.881 acres tillable. The predominant soil types include: 885A Virden-Fosterburg Silt Loams and 993A Cowden-Piasa Silt Loams. The farm has an average PI rating of 119.1. This tract is part of PIN: 21-19-100-012. Real Estate Taxes Estimated at $673. Earnest Money: $15,000
· Tract #3: 24.587 Acres with approx. 24 acres tillable. The predominant soil types include: 993A Cowden-Piasa Silt Loams and 113B Oconee Silt Loams. The farm has an average PI rating of 112.8. This tract is part of PIN: 21-18-400-003. Real Estate Taxes Estimated at $565. Earnest Money: $15,000
· Tract #4: 32.15 Acres with approx. 4 acres tillable. This is a recreational use or building site. Access is being granted thru an owned 30’ wide area along the north of Tract #3 leading out to Buckeye Trail. PIN: 22-18-300-003. Real Estate Taxes: $195.02. Earnest Money: $5,000
· Tract #5: 21.247 Acres with approx. 21.247 acres tillable. The predominant soil types include: 113B Oconee Silt Loams and 993A Cowden-Piasa Silt Loams. The farm has an average PI rating of 112.9. This tract is part of PIN: 21-18-400-003. Real Estate Taxes Estimated at $487 Earnest Money: $15,000
· Tract #6: 16.093 Acres with approx. 16.093 acres tillable. The predominant soil types include: 113B Oconee Silt Loams and 993A Cowden-Piasa Silt Loams. The farm has an average PI rating of 115. This tract is part of PIN: 21-18-400-003. Real Estate Taxes Estimated at $369. Earnest Money: $10,000
Please visit our website for detailed maps, photos, and survey information.
Solar Lease Information
PLEASE CLICK THE DOCUMENTS TAB FOR COPIES OF ALL SOLAR INFORMATION
All of the tillable land has a lease Dated July 2, 2021 between Donnellson Solar, LLC c/o National Grid Renewables Development, LLC and Mildred Balla by Daniel L. Balla, POA. Payment details and terms are detailed within the lease. Also attached is a letter from July 10, 2023 updating the project, stating a projected timeline.
Bidding will be in a one extend all extend format which means all tracts will stay open and active till there have been no bids on any tracts for 5 minutes. This allows bidders to go to a backup tract if their target tract gets out of their price range.
Closing will be on or before January 31, 2024. Spears Title Company will be handling the title work and closings.
Seller, Mildred E. Balla Estate, Barb Winkler, Executor
Alan Pretnar, Attorney for the Estate
Kent Aumann, Auction Manager
UPON CONCLUSION OF THE AUCTION: The Winning Bidder will be emailed a Real Estate Contract to print and required to fully and correctly complete and properly sign without any modifications and return the completed, signed contract to Aumann Auctions, Inc. by email, fax, certified mail or delivered in person by 4:00 PM of the day following the auction. Along with the completed, signed contract, the Winning Bidder will be required to send the specified non-refundable earnest money deposit as stated in the property description. This non-refundable earnest money deposit will be held in escrow until closing and that amount will then be credited to the Buyer as part of the purchase price of the property. Wire transfer instructions and escrow agreement forms will be provided to the Buyer along with the contract after the auction. Purchaser shall be responsible for all wire transfer fees.
Successful bidder not executing and returning the completed contract and earnest money deposit by 4:00 PM the day after the auction will be considered in default. Such default by the Successful Bidder will result in that Bidder’s liability to both the Seller and Aumann Auctions, Inc. Seller shall have the right to (a) declare this contractual agreement cancelled and recover full damage for its breach, (b) to elect to affirm this contractual agreement and enforce its specific performance or (c) Seller can resell the property either publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer shall be liable for payment of any deficiency realized from the second sale plus all costs, including, but not limited to the holding costs of the property, the expenses of both sales, legal and incidental damages of both the Seller and Aumann Auctions, Inc. In addition, Aumann Auctions, Inc. also reserves the right to recover any damages separately from the breach of the Buyer.
Both the Successful Bidder and Seller shall indemnify Aumann Auctions, Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named as a party to any legal action resulting from either Bidders or Sellers failure to fulfill any obligations and undertakings as set forth in this contractual agreement.
REAL ESTATE TERMS:
• BUYER’S PREMIUM: A 4% Buyer’s Premium will be added to the winning bid to determine the total purchase price of the property.
• DATE OF CLOSING: The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. All taxes will be prorated to the day of closing.
• NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyers financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding.
• TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment.
• ZONING AND EASEMENTS: Property is being sold subject to any and all easements of record. Property is subject to all state and local zoning ordinances.
• AERIAL PHOTOS, Images and Drawings: are for illustration purposes only and not surveyed boundary lines unless specified.
• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of the Seller.
• CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS' condition. Aumann Auctions, Inc, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for
conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. All information presented in the brochure, website, and all other mediums is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Aumann Auctions, Inc. or their Agents or Representatives. Buyer and or
Bidder agrees to hold harmless and indemnify Aumann Auctions, Inc. and their Agents and its Representatives from any and all claims, damages or suits including but not limited to awards, judgments, costs, fees, etc.
• DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
• DISPUTES: Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or Representatives and the Buyer(s) will be (a) arbitrated in Montgomery County, IL or (b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion of both the Seller and Aumann Auctions, Inc.
BIDDING AND REGISTRATION INFORMATION
BIDDER VERIFICATION: Bidding rights are provisional, and if identity verification is questionable, Aumann Auctions, Inc. has the right to reject the registration, and bidding activity will be terminated. The Seller and Aumann Auctions, Inc. reserve the right to preclude any person from
bidding if there is any question as to the person's credentials, mental fitness, etc. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. If the registered bidder's user name is offensive to Aumann Auctions, Inc. or in their sole opinion detrimental to Bidding Activity, then Aumann Auctions, Inc. reserves the right to delete the bidder from bidding or unilaterally change the username with notification to the Bidder. When using the web site you must obey any and all local state and federal laws. Violations will result in termination of web site use privileges.
MAXIMUM BID: When you bid your maximum bid, the current bid price does not automatically advance to your maximum bid. Another bidder has to bid to increase the current price and the computer will automatically bid up to your maximum in the increments specified.
AUCTION END TIMES: Aumann Auctions, Inc. online only auctions are timed events and all bidding will close at specified time. However, our auctions also have what is called an 'Auto Extend' feature. Any bid placed within the final 5 minutes of an auction results in the auction automatically extending 5 additional minutes. The bidding will extend in 5 minute increments from the time the last bid is placed until there are no more bids, and the lot sits idle for 5 minutes. Therefore, the auction will not close until all bidding parties are satisfied and no one can be outbid at the last seconds without having another opportunity to bid again.
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Aumann Auctions, Inc. shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. All decisions of Aumann Auctions are final.
YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS AUCTION.