Lot 2 80 Taxable Acres | HiBid Auctions

Lot #	2
Quantity	x80
Group - Category	Real Estate - Ag / Farm Land
Lead	Lot 2 80 Taxable Acres
Description	80 Acre Tract w/ County Road Access on 2 sides Location: ~1 Mile SouthWest of Beecher City, Illinois (Effingham County) FSA Cropland Estimates: 67.57 Cropland Acres Buyer will receive 2024 Cash Rent Payments $4,780.17 Credited @ Closing $9,560.33 Paid November 1, 2024 $14,340.50 TOTAL PAYMENT Buyer Will Assume Farming Rights At Conclusion of 2024 Harvest Property has (1) Operating Well, (1) Uncapped Well & (2) Non-Operating Wells Sellers Retain All Mineral Rights.

Auction Information

Name	Effingham County Illinois Land Auction (194 Acres)
Auctioneer	Hartland Auction & Realty LLC
Type	Online-Only Auction
Date(s)	5/1/2024 - 6/4/2024
Auction Date/Time Info	Bidding Closes 6:00PM -- Tuesday, June 4th, 2024 Central Time Soft Close w/ Extenda Bid.
Preview Date/Time	VIEWINGS: Saturday May 11th ~ 11 AM - 1 PM Tuesday May 14th ~ 4:00 PM - 6:00PM
Checkout Date/Time	Earnest Money Down Payments and Contract Signings withing 24 hours of auction close. Closing Will Take Place July, 8, 2024 At "The Title Center" in Effingham, Illinois.
Location	Rural Route Beecher City, IL 62414
Buyer Premium	2% Buyer's Premium on Total Sales Price
Description	Effingham County Farmland / Hunting / House & Pond 194 Taxable Acres (+,-) 4 Lots Selling With SELLER RESERVE OPEN HOUSE --- LOT 4 Saturday, May 11 11am - 1pm Tuesday, May 14 4pm -6pm Other viewings by appointment. Locations: Lot 1 ~ 3/4 Mile East of Beecher City, IL on Rt. 33 Lots 2, 3, & 4 ~1 Mile SouthWest of Beecher City, IL Lot 1: 40.00 Taxable Acres. Lot 2: 80.00 Taxable Acres. Lot 3: 61.35 Taxable Acres. Lot 4: 12.65 Surveyed Acres w/ an older farm house, detached garage, pond. FSA Cropland Estimates Lot 1: 29.91 Cropland Acres Lot 2: 67.57 Cropland Acres Lot 3: 42.43 Cropland Acres Lot 4: N/A Buyer(s) will receive all cash rent payments for 2024. 1/3 of the payment will be credited at closing with 2/3 of the payment paid November 1, 2024. Buyer(s) will receive 2025 farming rights after fall 2024 harvest. Buyer(s) Will Receive: Lot 1: $6,243.60 Total // $2,081.20 credited at closing $4,162.40 paid November 1, 2024 Lot 2: $8,935.40 Total // $2,978.47 credited at closing $5,956.93 paid November 1, 2024 Lot 3: $14,340.50 Total // 4,780.17 credited at closing $9,560.33 paid November 1, 2024 Lot 4: $0 All bidding for Lots 1, 2, & 3 will be by the acre w/ Lot 4 being sold not by the acre rather as one total price. The driveway (lane) that runs to the house will be owned by the purchaser of Lot 4; there is an easement that will be recorded which will allow for access on either side of the lane for the purchaser of Lot 3. Seller: Maxfield Family Inc.

Terms and Conditions

AUCTION TERMS: Hartland Auction & Realty LLC acting as Agents of the Seller. Farm Lease is closed for 2024. Buyer will receive all 2024 Cash Rent Payments. Current farm rights will end at conclusion of 2024 harvest. Buyer will assume all possession after 2024 harvest. 2% Buyer's Premium. Survey on Lot 4 and easement for access across the driveway now uploaded to website. Seller will provide pre-title commitment, survey for Lot 4, easement for Lot 3, and purchase contract which will be viewable in the descriptions sections of the (4) lots. Purchase contract signing will be completed within 24 hours of bidding ending. Auctioneer will contact successful bidders at conclusion of auction to arrange meeting. Sale is not contingent upon Buyer(s) financing. Earnest Money: Successful bidder(s) will deposit 10% of final payment amount as earnest money within 24 hours of bidding ending. Earnest monies will be held by The Title Center located in Effingham, Illinois in an escrow account which will be applied toward final purchase price at closing. Down payment will be made by personal, corporate, or cashier's check made payable to THE TITLE CENTER. Bidding is not conditional upon financing, have financing arranged. Closing; Closing date shall be July 8, 2024 to be held at THE TITLE CENTER, in Effingham, Illinois. The real estate will be offered in (4) lots. Lots 1, 2, & 3 will sell on a per acre basis based on taxable acres. Lot 4 will sell as a whole lot, not by the acre. Bidding increments will be shown and are the discretion of the Auctioneer & Auction Company. All absentee and/or telephone bids must be pre-qualified and approved by Hartland Auction & Realty LLC. Internet bidding only with an online only auction. Each lot is selling independently of the others. There will be no combining of the tracts, though the four lots will sell at the same time with extended bid. If any tract has a bid within the last one minute of closing, the bidding will extend 5 minutes for all (4) lots. Sellers will retain any mineral rights currently owned. SELLER RESERVE AUCTION / SELLER RESERVES THE RIGHT TO ACCEPT/DECLINE ALL BIDS AT CONCLUSION OF AUCTION

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 4,900.00	100.00 USD
4,900.01 - 7,450.00	50.00 USD
7,450.01 - 9,999,999.99	25.00 USD

Payment Information

Currency	USD
Buyer Premium	2% Buyer's Premium on Total Sales Price
Payment Terms	Buyers Premium is 2%, which is added to the final bid price. Earnest money payments made by personal, corporate, or cashier's check made payable to The Title Center.

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Lot # : 2 - Lot 2 80 Taxable Acres