Auction Terms & Conditions 32.1 acres more or less. If a subsequent survey by the Buyer shows a greater or lesser acreage amount, this will not affect the purchase or purchase price.
Real Estate Use Restrictions: This real estate sells subject to (1) all County and State laws, ordinances and regulations and (2) any easements, encumbrances, leases and restrictions applicable to the property.
Down payment: 20% down upon tentative acceptance of bid, balance due (with closing of sale) in 30 days or less. The down payment can be paid in the form of a personal check, business check, cashier's check, certified check or wired to the attorney. Contact Attorney for wiring instructions. The down payment is non-refundable unless the Seller fails to close on this transaction. Successful Bidders not executing and returning their contract with down payment within 48 hours of the conclusion of the auction will be considered in default. If your closing is delayed for any reason, by you, as Buyer, or other parties working on your behalf, including any lender you involve, you may be declared in breach of this contract, forfeit all deposits made, and could be additionally liable for any and all cost incurred by the Seller and Gaule Auctions in a subsequent resale of the property.
Liquidated Damages: Buyer will forfeit all of their earnest deposit if they cannot close within the stated time herein and no written extension has been granted by the Seller. If such actions occur, Attorney/Guardian hereby has the right to disperse the deposit money as determined by Gaule Auctioneers. The Buyer has no claims to such money or property being sold. If the Sellers default on this transaction for any reason, the deposit money will be returned to the Buyer in full.
Closing: Closing within 30 days and upon approval of the Sangamon County Circuit Court or as arranged by guardian attorney.
Agency: The Broker/Auctioneer is acting as Agent for the Seller only. This information is obtained from reliable sources and is to be used as a guide to assist you. No liability including accuracy and/or omissions is assumed by the seller or agents of the seller. Buyers are encouraged to do due diligence in making decisions.
Closing: Costs: Buyer and seller shall assume perspective closing costs.
Possession and Tenancy: Possession at closing. 2020 taxes will be prorated to the day of closing.
Title Evidence and Deed: Seller will deliver to Buyer an insurable deed for the property at time of closing, conveying clear and marketable title to said property, free of all encumbrances, liens and judgment, except for those lawful conveyances and restrictions that exist on record before the date of the auction as noted in the title insurance commitment. PROPERTY SOLD "AS IS,WHERE IS, WITH ALL FAULTS" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND: This real property shall be sold subject to conditions, restrictions, right-of-way easements, and reservations, if any, of record and untitled mechanic's and material liens.
Bidders’ Duty to Inspect: All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the Seller, the Broker or any other person or entity. Personal inspection of all property by potential bidders is strongly recommended. All sales are subject to the conditions and terms contained herein. The failure of any bidder to inspect or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, rights-of-way, or any other information that can be obtained as public record in the County courthouse or any municipal office concerning subject properties. Any and all announcements made at the time of auction take precedence over all other verbal, printed, announced, and/or distributed information. Please note that you are bidding to purchase the property "As is, where is" with no guarantee or warranty.
Inspections: Lead paint and radon inspections to be completed before sale date at bidder’s expense.
Bidder Obligations: A bid placed by Bidder shall be deemed conclusive proof that Bidder has read, understands and agrees to be bound by these Terms and Conditions. It is the responsibility of Bidder to make sure that Gaule Auction Company is aware of Bidder's attempt to place a bid. Gaule Auction Company disclaims any liability for damages resulting from bids not spotted, executed, or acknowledged. Gaule Auction Company is not responsible for errors in bidding and Bidder releases and waives any claim against Gaule Auction Company for bidding errors.
Soft Close: Financing: Purchaser shall have financing arrangements prior to auction. Acceptance of highest bid is subject to approval of Seller and the Sangamon County Circuit Court.
Announcements made prior to close of auction take precedence over all printed matter.
Soft Close: The closing time of this online auction automatically extends an additional five minutes whenever a bid is placed within the last five minutes of the scheduled closing time.
Disclosure: This property sells subject to all terms and conditions of sale. The Seller reserves the right to reject any and all bids. All announcements on auction day supersede any previous marketing or advertising.
Good luck with the auction and thank you for your business.
Seller User Terms
Bidder User Terms