Name Farmland Auction Madison County, IL
Auctioneer Langham Auctioneers
Type Online-Only Auction
Date(s) 2/20/2020 - 4/2/2020
THIS IS AN INTERNET ONLY AUCTION, there will be no live/in-person bidding. BIDDING ENDS THURSDAY, April 2, 2020 AT 6 PM (CST). If you prefer to turn in an absentee bid in person, please call Hal 618-410-6286 to make arrangements.
Preview Date/Time Sunday, March 22nd from 2-4 PM (CST) or call Hal 618-410-6286 to schedule an appointment.
Checkout Date/Time Friday, April 3, 2020. DEPOSIT & PURCHASE AGREEMENT: The winning bidder or bidders are required to bring a deposit of $25,000 per tract for Real Estate purchased to the office of Certified Title Company 502 S. Third, Greenville, IL 62246 and execute a purchase agreement the next business day following the conclusion of the auction. (Friday, April 3, 2020) Deposit must be in the form of personal or business check. Buyer must also bring a check for the 4% Buyers Premium made out to the Auction Company (Langham Auctioneers).
Location near I-55 Frontage Road
Livingston, IL 62058
Buyer Premium 4% Buyers Premium
Description
Sells Regardless of Price. 104.31 Acres in Section 21 T6N R6W in Madison County, Illinois. *Sells in 2 Tracts: Lot 1: 69.41 Acres Lot 2: 34.9 Acres *Bidding will be on a per tract basis. *Both tracts will stand alone and not be part of any combination. *Possession will be given at the time of closing. *Buyer will receive 2020 Farming privileges. *No Mineral rights will be conveyed to the buyer. Sellers: Martin E. Hoerath and Karen L. Price Call Hal Langham for details: (618)-410-6286 Yield History: 2009 Corn Acres 31.4; Corn Yield 148/ Soybean Acres 23.5; Soybean Yield 37. 2010 Corn Acres 59.7; Corn Yield 109/ Soybean Acres 30; Soybean Yield 58. 2011 Corn Acres 66.2; Corn Yield 65/ Soybean Acres 23.5; Soybean Yield 20. 2012 Corn Acres 23.5; Corn Yield 29/ Soybean Acres 66.2; Soybean Yield 35. 2013 Corn Acres 0; Corn Yield 0/ Soybean Acres 89.7; Soybean Yield 30. 2014 Corn Acres 66.2; Corn Yield 152/ Soybean Acres 0; Soybean Yield 0. 2015 Corn Acres 23.5; Corn Yield 105/ Soybean Acres 66.2; Soybean Yield 53. 2016 Corn Acres 66.2; Corn Yield 156/ Soybean Acres 23.5; Soybean Yield 48. 2017 Corn Acres 23.5; Corn Yield 108/ Soybean Acres 66.2; Soybean Yield 56. 2018 Corn Acres 66.2; Corn Yields 158/ Soybean Acres 23.5; Soybean Yields 54. 2019 Corn Acres 23.47; Corn Yields 118/ Soybean Acres 66.2; Soybean Yield 55.
Auction Terms & Conditions Bidder registration required. Complete settlement date of auction. 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. A 4% buyer premium will be added to the final bid price. Bidding is not contingent upon financing. All information listed 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 and based on outside information. Buyers should verify the information to their satisfaction. There is no expressed or implied warranties pertaining to the property. This real estate is being sold "as is." AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. **All items sell as is, where is with any and all faults or flaws. Items sell with no warranty stated or implied. This property is selling without reserve to the highest bidder regardless of price. 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: All items are sold "AS IS, WHERE IS", with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the condition of the items and bid accordingly. Descriptions are believed to be accurate but not guaranteed. When you are not certain of the condition or use of an item please bid accordingly. 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, April 2, 2020. The first item will begin to close at 6:00 PM Central time and an item will close every 45 seconds after. The closing time of each lot will be automatically extended an additional 2 minutes whenever a bid is placed within the last 2 minutes of the lot closing. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium 4% Buyers Premium
Payment Terms
Friday, April 3, 2020. DEPOSIT & PURCHASE AGREEMENT: The winning bidder or bidders are required to bring a deposit of $25,000 per tract for Real Estate purchased to the office of Certified Title Company 502 S. Third, Greenville, IL 62246 and execute a purchase agreement the next business day following the conclusion of the auction. (Friday, April 3, 2020) Deposit must be in the form of personal or business check. Buyer must also bring a check for the 4% Buyers Premium made out to the Auction Company (Langham Auctioneers).
REAL ESTATE POSSESSION & CLOSING: The closing will occur on or before Friday, May 1, 2020 at the office of Certified Title Company 502 S. Third, Greenville, IL 62246. 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: 2020 Real Estate taxes shall be paid by the buyer.