Name Floyd Marshall Farmland, Brenda Horner, Owner
Auctioneer Langham Auctioneers
Type Online-Only Auction
Date(s) 2/3/2020 - 3/5/2020
Internet Only: Bid online at langhamauctioneers.hibid.com Bidding begins February 3, 2020 (CST) and ends Thursday, March 5, 2020, 6pm (CST) THIS IS AN INTERNET ONLY AUCTION, there will be no live/in-person bidding. If you prefer to turn in an absentee bid in person, plese call Ty at 618-267-8400 to make arrangements.
Preview Date/Time Property Tours: Thursday, February 13, 2020 3-5pm (CST) Thursday, February 20, 2020 3-5pm, (CST) or by Appointment. Call Ty Langham (618) 267-8400
Checkout Date/Time Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) non-refundable of the bid price including a buyer premium of 4%. The balance will be due at the time of closing on or before April 5, 2020. Title Insurance in the full amount of the purchase price will be provided by the seller. The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 and all subsequent real estate taxes will be paid by the buyer(s). Possession will be given at the time of closing. The farm sells free and clear of any tenant's rights. A 4% buyer's premium will be added to the final bid price. Bidding is not contingent upon financing. Owner has the right to accept or reject any or all bids. The information provided by auction company is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyer should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".
Location Jasper County, Smallwood Township, Section 2 and Section 22. Approximately 6 1/2 miles South of Newton, IL
Newton, IL 62448
Buyer Premium 4% Buyers Premium
Description
Online Only Farmland Auction Property is located in Newton, Illinois Jasper County 162+/- Acres. TO BE SOLD BY THE TRACT. Tract I: (40) acres NHEL, nearly all tillable located in the Northwest 1/4 of the Southwest 1/4 of Section 2 Smallwood Township. T5-R9 Tract II: (42) acres NHEL, nearly all tillable located in the Southwest 1/4 of the Northeast 1/4 of Section 22 Smallwood Township. T5-R9 (40 acres). And the North side of the Northwest 1/4 of the Southeast 1/4 of Section 22 Smallwood Township T5-R9 (2 acres). Tract III: (80) acres NHEL, nearly all tillable located in the Northeast 1/4 and the Southeast 1/4 of Section 22 Smallwood Township. T5-R9. Property Tours: Thursday, February 13, from 3-5 PM (CST) Thursday, February 20, from 3-5pm (CST) or by Appointment. Call Ty Langham (618) 267-8400 The Farm Sells free and clear of any tenant's rights. Owner has the right to accept or reject any or all bids. Owner: Brenda Horner
Auction Terms & Conditions Bidder registration required. Everything sold AS-IS, Where-Is, with no warranty or guarantee expressed or implied. Announcements made date of auction take precedence over all previous advertisements. The information is believed to be accurate. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. TO BE SOLD BY THE TRACT. BUYER'S PREMIUM: A 4% buyer's premium will be added to each purchase. Example: If you bid $100.00, you will be charged $104.00 at check out. AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. **All land sells as is. Each potential bidder is responsible for conducting his or her own independent inspections, inquiries, and due diligence concerning the property. This property sells without contingencies. This sale is not contingent on the buyer's ability to obtain financing. Any inspections needed by the buyer must be made before the auction at the buyer's expense. Sale of the property is subject to any and all easements of record. WARRANTY & CONDITION OF ITEMS SOLD: Owner has the right to accept or reject any or all bids. The auctioneer reserves the right to add or remove items from the auction. The auctioneer reserves the right to cancel, suspend, extend or reschedule an individual item and or auction event or make changes to the auction closing times or inspection or removal times. STAGGERED/DYNAMIC CLOSING: The auction will begin closing at 6:00 PM (CST) on Thursday, March 5, 2020. Bidding is "Ebay style" where you can keep bidding until the auction closes on Thursday, March 5, 2020 at 6pm Central Time. This is a soft close auction with a (2) minute extension on bids that are made just before the closing time. The closing time of the lot will be automatically extended an additional 2 minutes whenever a bid is placed within the last 2 minutes of the lot closing. DEPOSIT & PURCHASE AGREEMENT: Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay 10% nonrefundable of the bid price including a buyer premium of 4%. The balance will be due at the time of closing on or before April 6, 2020 at Weber Title Company, Newton, Illinois. Title insurance in the full amount of the purchase price will be provided by the seller. Possession will be given at the time of closing. The farm sells free and clear of any tenant 's rights. A 4% buyer premium will be added to the final bid price. Bidding is not contingent upon financing. TO BE SOLD BY THE TRACT. REAL ESTATE POSSESSION & CLOSING: The closing will occur within 30 days of auction closing; on or around Monday, April 6, 2020 at the office of Weber Title Company, Newton, Illinois. The Seller at closing will convey good and marketable title. Buyer and Seller will be responsible for customary closing costs issued by the title company. REAL ESTATE TAXES: The 2019 real estate taxes, due and payable in 2020, will be paid by the seller. The 2020 and all subsequent real estate taxes will be paid by the buyer(s). CATALOG DISPREPANCIES: You are bidding on the described item not the photograph, occasionally the wrong photo may be displayed, always read the item description. The auctioneer reserves the right to add or remove items from the auction. The auctioneer reserves the right to cancel, suspend, extend or reschedule an individual item and or auction event or make changes to the auction closing times or inspection or removal times. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Langham Auctioneers, LLC reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Langham Auctioneers, LLC shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications will be sent to registered bidders with updated information as deemed necessary by Langham Auctioneers, LLC. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 4% Buyers Premium
Payment Terms
10% down due upon signing sales contract. Balance due at closing.