Auctioneer Luke Lee Gaule Auction
Type Online-Only Auction
Date(s) 10/5/2020 - 10/26/2020
Starting October 5, 2020 at 10:00 a.m. Central Ending October 26, 2020 at 7:00 p.m. Central Soft Close.
Preview Date/Time Call Auctioneer for viewing. 217 523-7272 Showings will follow Coronavirus compliance rules.
Checkout Date/Time Auctioneer/Attorney will be contacting you at the close of the auction on October 26 to make arrangement for down payment and to sign the contract. Property closing within 30 days.
Location Central Ave./E 1700 North Rd Christian County
Springfield, IL 62712
Buyer Premium 1% buyer's premium for this auction
JAMES ORLANDINI FOUNDATION 117.94+/- Acres: 67.94+/- Acres tillable farmland and 50+/- hunting/recreational land. Located in Christian County Approximately 1 mile North and East of South Fork Comm High on Central Ave./E 1700 North Rd Or 3.6 Miles west of I-29 on E 1700 North Rd. Watch for auction signs on property. Parcel IDs 17-12-02-300-004-00, 17-12-02-300-001-00 and 15-12-03-400-002-00 Section in Illinois.
Auction Terms & Conditions 117.94 acres total - 67.94+/- & 50+/- hunting/recreational land. 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. 20% Down due Tuesday October 27th before 1:00p.m. Balance due in 30 days or less. Purchaser shall have financing arrangements prior to auction. 1% buyers’ premium. Seller reserves the right to refuse any or all bids on real estate. 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. 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: Possession upon removal of 2020 crop. Farm is not leased for the year 2021. TAXES 2019 taxes payable in 2020 are $1,426.38 Seller shall pay the real estate taxes on said property which are due and or accrued through the date of closing; as to taxes which are accrued though the date of closing but are not yet due, such taxes will be prorated to the date of closing, based upon the most recent tax bill or other information available from the assessor, and Seller’s share therefore shall be deducted from the balance due from the Buyer to Seller at closing. PROPERTY SOLD "AS IS,WHERE IS, WITH ALL FAULTS" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND: This 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. 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. The covenants and agreements herein contained shall extend to and be obligatory upon the heirs, executors, administrators, successors and assigns of the parties hereto. Financing: Purchaser shall have financing arrangements prior to auction. Acceptance of highest bid is subject to approval of Seller. 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. Good luck with the auction and thank you for your business. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 2,900.00 100.00 USD
2,900.01 - 4,950.00 50.00 USD
Currency USD
Buyer Premium 1% buyer's premium for this auction
Payment Terms
20% down upon tentative acceptance of bid. 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 .