Terms and Conditions Quinn Reiher, Carmen Coe, and Danley Reiher - Reiher Farm Real Estate Auction 83.55+/-Acres Carlinville, IL 62626 - Macoupin County Legal Descriptions Parcels: 83.55 +/- Acres Located off of Crescent Lane Carlinville 17-000-166-00, 17-000-168-00, and 17-000-169-00,“PROPERTY”) Sale Subject to the seller’s confirmation • The properties will be sold at Public “Online Only - Internet Auction” ending September 23, 2024 at 7:00pm CT (soft close) o Soft Close or Extended Close: If a bid is placed in the final 3 minutes the bidding time will extend by 3 minutes. This will continue until there has been a time period of 3 minutes with no bidding activity. o All properties are grouped or linked together therefore the bidding will be extended and remain open on ALL lots until all bidding is closed. • To be approved as an online bidder a signed copy of the terms and conditions along with a signed bidder’s certification must be received and approved by the auction office. • The property will be Sold with "Reserve" • Property sells as-Is with no warranties expressed or implied • Property included in the sale is the real estate only, no personal property assets are included in the sale. • The auction is Subject to prior sale (the property can be purchased prior to the end of the auction). o Pre-Auction offers can be submitted to the Auction company. o All offers must be in accordance to the same Terms & Conditions of the auction. • The seller reserves the right to cancel the auction at any time prior to the final bid closing • Buyer’s Premium o A 2% Buyer’s Premium will be added to the final bid and charged to the buyer, the final bid plus the 2% Buyer’s Premium will establish the final sales price. • 10% Down Payment must be paid by the successful bidder by direct wire transfer within 48 hours of acceptance of the auction contract by the Sellers payable to “Quality Title" The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you are prepared to pay cash at closing or have arranged your financing prior to bidding. The balance of the purchase price including the buyer’s premium will be due via a wire transfer to the closing company, on delivery of insurable title on or before October 14, 2024 Closing. o A promissory note will be signed along with the down payment. • Final closing is NOT contingent upon financing. • The property will be conveyed by a Warranty Deed • The seller agrees to furnish buyer(s) with an owner’s policy of Title Insurance Policy at closing. • Real Estate Taxes: The 2024 real estate taxes will be paid by the sellers. • Closing: o Closing shall take place at the office of: “Quality Title" o Closing will be held on or before October 14, 2024 Possession will be granted on day of final closing. Open Farm Lease following 2024 harvest • The successful Bidder shall execute a “Real Estate Auction Sales Contract” for the property immediately after being declared the Successful Bidder by the Auctioneer. • Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property. o Further; Property sells AS-IS with no warranties expressed or implied • Land & Home Real Estate and their representatives are exclusive agents of the Seller. • Sellers: Quinn Reiher, Carmen Coe, and Danley Reiher • All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material. • All marketing information and PIP materials were gathered from reliable sources and are believed to be correct as of the date they were published; however, the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on and are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information. SALE SITE: Internet Online Auction Only – LandandHomeSales.HiBid.com VIEWING INSTRUCTIONS: You can view the property by appointment. The viewing of the property will be at the viewer’s own risk the Seller, neither Auctioneer nor the Listing Agency be held responsible for accidents.