Bohlke Land Company-Adams County Land Auction

Ruhter Auction & Realty Inc.

 

Date(s) 10/2/2020 - 10/26/2020

This is a simulcast auction with both live and internet bidding available. Auction begins at 10:00am on Monday, October 26th, 2020.

Past Auction
Bidding Notice:

This is a simulcast auction. Bidding can take place online or at the live auction. DO NOT WAIT until the last day to register for this auction. You may lose out on bidding if there are any complications with the system. You can register and then wait to place a bid but it is very important to get registered as soon as possible. Maximum bids are encouraged that allows the computer to bid on your ... Show More

Auction Notice:

NO BUYER PREMIUM

Auction Information
Name Bohlke Land Company-Adams County Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 10/2/2020 - 10/26/2020
Auction Date/Time Info
This is a simulcast auction with both live and internet bidding available. Auction begins at 10:00am on Monday, October 26th, 2020.
Preview Date/Time Farms available for viewing at any time.
Checkout Date/Time Auction will close at approximately 11:30am CST.
Location
Buyer Premium Online buyer premium
Description
783.62 Acres of pivot irrigated cropland selling in 6 tracts. All tracts will be offered separately and NOT offered in combination. All 6 tracts will close simultaneously at the conclusion of the auction.
Terms & Conditions. By placing a bid, bidder acknowledges that they have read and accepts all terms and conditions. It is the responsibility of the buyer to understand all terms and conditions prior to bidding! BIDDING: The property will sell in 6 tracts and not offered in combination. Bids will be recognized in the order received. In the event of a tie bid between an internet bidder and a bidder on the floor, the bid on the floor will be given priority. Internet connections may be delayed or unreliable as the sole source of communicating a bid to the Auctioneer. Neither the Seller nor Ruhter Auction & Realty, Inc. shall bear any responsibility for internet connections or delayed bidding. INTERNET BIDDERS - Please register to bid online at least 24 hours prior to Auction day. Late registrations shall be accepted at the discretion of Ruhter Auction & Realty, Inc. Online Bidders will be required to speak with a company representative in order to complete the bidding approval process. By placing a bid you are entering into a contractual agreement with the seller to purchase the real estate should you be the highest bidder. Failure to follow through with your role in the transaction will result in negative consequences up to and including legal action to recoup damages caused to seller due to breach of contract. This is a simulcast auction, bidding can take place online or at the live auction. Property sold "As Is, Where Is," with no warranty or guarantees, expressed or implied, by the seller or Ruhter Auction & Realty, Inc. Bidders accept the property "WITH ALL FAULTS", whether or not immediately apparent. It is strongly recommended that bidders inspect the property before placing a bid. Auction Software and Ruhter Auction & Realty, Inc. will not be held liable for any software or software malfunctions. Winning bidder will be notified of acceptance of the high bid immediately after the auction is closed. Successful bidder will then be required to enter into a standard purchase agreement with the Seller. A 20% earnest money deposit of sale price will be required within 24 hours that is non-refundable if buyer fails to close. The remaining balance will be due at closing and presentation of merchantable title by seller on or before 30 days from acceptance. Real Estate Taxes will be paid by the seller (2020). Title insurance will be split equally between buyer and seller. Property sold "As-Is Where-Is condition. POSSESSION: Buyer has the right to full possession upon purchaser giving notice of lease termination to the 2020 tenant prior to December 31, 2020. This is per the current lease. Specific details available upon request.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 9,750.00 250.00 USD
9,750.01 - 100,000.00 100.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium Online buyer premium
Payment Terms
20% down day of auction balance due upon closing, on or before December 1, 2020. Title insurance & closing cost split 50%/ 50%buyer-seller. Property sells subject to easements, restrictions and covenants, if any of record.
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Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.