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Method & Terms{"message":"In _app.tsx child of Layout","renderCount":1}
Method and Terms40 Photos
Method and Terms
Lot Closed
Auction by Sullivan Auctioneers, LLC(5362)
This item is in Chandlerville, IL
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Tract 1: 26.00 Acres
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Tract 2: 14.12 Acres
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Tract 3: 14.41 AcresOverview of Method and Terms
Item Details
POTENTIAL BIDDER QUALIFICATIONS
Each of Sullivan Auctioneers, LLC and UMB Bank, N. A., Secured Lender, reserves the right to accept or reject any potential bidder(s) and, further, reserves the right to require from any potential bidder a letter of credit or other similar evidence of immediately available funding of the bidder's purchase.
METHOD & TERMS
The farm will be sold in 4 individual tracts, all of which have recently been surveyed. Tracts 1, 2 & 3 will sell on a price per acre basis, with the surveyed acres being used to calculate the individual contract prices. Tract 5, which includes the grain handling and storage facility, will sell last and for a lump sum or total dollar amount, and not on a price per acre basis. All tracts will be sold individually. After all tracts have been sold the farm will NOT?be offered in its entirety. All sales will be final.
Ten (10%) percent of the bid price to be due on the day of sale with the balance due at closing in approximately 30 days (Tuesday, January 5, 2021), or otherwise ordered by the court. The successful bidder(s) shall receive receipt of sale, and a certificate of sale upon payment in full. The sale shall be subject to court approval. The 2020 real estate taxes, which are due and payable in 2021, will be paid by the seller as the seller will retain the 2020 crop income. Possession will be given at the time of closing subject only to the remainder of the farm tenancy agreement on all tillable acres. Full possession will be granted at closing on the grain facility located on Tract 5.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure 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. Buyers 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".
Tract 4 will not be sold at this auction. Tract 4 has been adjourned until a later date.
CLICK HERE TO VIEW TRACT 1 CERTIFICATE OF SALE
CLICK HERE TO VIEW TRACT 1 RECEIPT OF SALE
CLICK HERE TO VIEW TRACT 2 CERTIFICATE OF SALE
CLICK HERE TO VIEW TRACT 2 RECEIPT OF SALE
CLICK HERE TO VIEW TRACT 3 CERTIFICATE OF SALE
CLICK HERE TO VIEW TRACT 3 RECEIPT OF SALE
CLICK HERE TO VIEW TRACT 5 CERTIFICATE OF SALE
CLICK HERE TO VIEW TRACT 5 RECEIPT OF SALE
Cass County, Illinois Circuit Court of the Eighth Judicial Circuit
Case No. 2018-CH-5
UMB Bank, N. A., Secured Lender
Representing Attorney:
Thomas W. Hayde, Jr. #6288227
Eric Peterson #6330989
Spencer Fane LLP
1 North Brentwood Boulevard, Suite 1000
St. Louis, MO 63105
Phone: 314-863-7733
Payment
Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax.
Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit equal to 10% of the total purchase price. The balance of the purchase price is due at closing. Failure to execute and return contract with deposit will be considered in default.
Bidding on the property is not contingent on financing, appraisal or any other contingencies.
Wire Transfer
Auction Details
Cass County, IL Land Auction - UMB BankOnline Event, Chandlerville, IL, 62627Tuesday, Dec 1, 2020 | 2:00 PM CST
Auction House
Terms Of Sale
Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is. Announcements sale day take precedence.
Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax.
Immediately following the close of the auction, the successful bidder will be required to pay a non-refundable deposit equal to 10% of the total purchase price. The balance of the purchase price is due at closing. Failure to execute and return contract with deposit will be considered in default.
Bidding on the property is not contingent on financing, appraisal or any other contingencies.
Sullivan Auctioneers, LLC are licensed auctioneers representing the seller(s) in this transaction.
Sullivan Auctioneers, LLC reserves the right to deny registration.