| Name | Laesch Bros. Farmland Auction |
|---|---|
| Auctioneer | Langham Auctioneers |
| Type | Online-Only Auction |
| Date(s) | 8/28/2020 - 10/8/2020 |
| THIS IS AN INTERNET ONLY AUCTION, there will be no live/in-person bidding. BIDDING Begins ending on THURSDAY, October 8, 2020 AT 6 PM (CST). If you prefer to turn in an absentee bid in person, please call 618-664-9271 or 618-410-6286 to make arrangements. | |
| Preview Date/Time | Property Inspection-Intersection of N 900 East Rd and E 1700 North Rd., Bloomington, IL 61705 Sunday, September 27th from 2-4 PM (CST) |
| Checkout Date/Time | Friday, October 9, 2020 . DEPOSIT & PURCHASE AGREEMENT: The winning bidder or bidders are required to bring a non-refundable deposit of $25,000 for each Real Estate tract purchased. Auction Contracts will be available for signature at Chicago Title Company, 201 N. Prospect Road, Suite 1, Bloomington, Illinois 61704. Contact person at Chicago Title is Becky Lehmann. Phone: (309) 828-5097 Extension 6054. Email:Lehmannr@ctt.com 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 | 120 +/- Acres of Farmland
N 900 East Rd and E 1700 North Rd. Bloomington, IL 61705 |
| Buyer Premium | 4% Buyers Premium |
| Description |
Selling Regardless of Price!
120+/- Acres of Farmland owned by Laesch Bros. in Dry Grove Township in Section 16 T24N R1E in McLean County, IL. Farm will be sold in Three Lots of 40+/- Acres. Each Lot will be sold by the Acre. The farm has not been surveyed. The price you pay will be bid price X 40 acres plus buyers premium.
PROPERTY TOUR/INSPECTION:
Sunday, September 27th from 2-4 PM (CST)
Buyer will obtain possession at closing.
Farm consists of mostly Catlin, Ipava, Sable and Saybrook Silt Loam. Has a PI of 135.8 with 183.4 Corn Bushel/acre and 58.6 Bean Bushel/acre.
Seller: OHL HBT 377 Trust (Eric Laesch, Trustee)
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Auction Terms & Conditions Bidder registration required. Announcements made date of auction take precedence over all previous advertisements.
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 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.
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.
REAL ESTATE TAXES: 2020 Real Estate taxes will be the responsibility of the Seller. Buyer and Seller will be responsible for customary closing costs issued by the title company.
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.
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Terms Of Use
Seller User Terms
Bidder User Terms
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 |
The winning bidder or bidders are required to bring a non-refundable deposit of $25,000 for each tract of Real Estate purchased to and execute a purchase agreement the next business day following the conclusion of the auction (Friday, October 9, 2020) at McLean County Title Company. 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: Possession will be given at closing. The closing will occur within 6 weeks of auction (on or before Friday November 20, 2020).
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REAL ESTATE POSSESSION & CLOSING: Possession will be given at closing. The closing will occur within 6 weeks of auction (on or before Friday, November 20, 2020).