Online Only Land Auction 82.73 + or – Acres Fayette County, IL (Timed Auction)

Whenever there is a bid in the last 3 minutes on any tract 3 minutes will be added. Bidding will be x acre and $25.00 increments.

THIS IS AN INTERNET ONLY AUCTION: Real Estate and all items sell as is, where is with all faults or flaws. Items sell with no warranty stated or implied.

DYNAMIC CLOSING: The auction will begin to close on WEDNESDAY April 10th @ 1 PM. The closing time will automatically extend an additional 3 minutes whenever a bid is placed within the last 3 minutes of either tract closing. Bidding is by the acre. The final bid price of each tract will be multiplied by the acres the acres. Tract 1 final bid x 41.44, Tract 2 final bid x 41.29

Internet or bidding problems call the auction company immediately!!!!!

Example on bidding. If a person puts a bid of $1000.00 and the 2nd place bidder places a bid of $800. It will raise the person with the highest bid to $825.00 It will not automatically take a person to the highest bid they have submitted. $25 dollar bid increments.

AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. Zero buyer premium. Schmid Auction must be approved of by all bidders. After registering call Schmid Auction for approval.

Bid Increments: $25 a bid.

Terms & Conditions:  No buyer premium. Bidding is by the acre. Real Estate is sold "As Is". 10% down sale remainder due at closing approx 40 days. Maps, borders, on brochures, websites and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement the following day after the auction. It is the potential bidder's responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements on sale day take precedence over printed material. Schmid Auction is not responsible for accidents.

Tract 1 ● 41.44 + or – Acres, 41 + or – tillable acres,  Located in Sec 31 LaClede Township Fayette County IL Soil Productivity index 113.37 new owner will receive $5,740 cash rent on or before Aug. 30^th, 2024, and farming rights after fall harvest 2024. Parcel # 08-21-31-100-007

Tract 2 ● 41.29 + or – Acres, 41 + or 1 tillable acres,  Located in Sec 31 LaClede Township Fayette County IL Soil Productivity index 112.05 new owner will receive $5,740 cash rent on or before Aug. 30^th, 2024, and farming rights after fall harvest 2024. Parcel # 08-21-31-100-008

Tract 1 final bid x 41.44

Tract 2 final bid x 41.29

Bidding is by the acre. Tracts will not be combined. At 1PM Central Standard time on April 10^th when there is a bid on either tract 3 minutes will be added if the time is less than 3 minutes.

All of seller’s mineral, oil, and gas title, if any, will pass without warranty of title or title evidence. The final bid price will be multiplied by the total number of acres in each tract. Such number will be put in the purchase agreement.

Sellers: Tract 1 ● Allen Dippold, Tract 2 ● Dawn Zeiger

Terms & Conditions:  Real Estate is sold “As Is.” 10% down sale remainder due at closing approx. 40 days. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. Maps, borders, on brochures, websites and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at the auction site. It is the potential bidder’s responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents. Bidding will be by the acre. An acre price will not be put in the purchase agreement. A total tract price will be put in the purchase agreement, and it will not change for any reason including future surveys.