(65 ILCS 5/9-3-44) (from Ch. 24, par. 9-3-44)
Sec. 9-3-44.
Upon expiration of the time for payment as fixed by the order
of the court, the general county officer having authority to receive state
and county taxes shall advertise the sale of the several tracts of real
estate on which the amount adjudged against the same by the order has not
been paid. The advertisement shall be made in some newspaper published and
of general circulation in the county at least 10 days prior to the date of
sale. At such sale each lot, tract or parcel of land shall be sold
separately, free and clear of all liens and encumbrances, except for
general taxes and unpaid special assessments not included in the judgment,
the lien for which shall remain unimpaired, to the highest bidder for cash.
The sale shall not be complete until the purchase price is paid. No tract
shall be sold for less than the costs of sale, costs adjudged by the court,
and amount of all past due installments of special assessments created by
this Division 3 as determined by the court. The person so selling shall
make, execute and deliver to the purchaser a certificate of sale which
shall describe the real estate sold, recite the date of sale, the name and
address of the purchaser, the amount bid and that the purchaser is entitled
to a deed conveying fee simple title to the premises upon expiration of the
period of redemption and upon compliance by the purchaser or his assignee
with the provisions of this Division 3. The proceeds received from such
sale shall be disbursed in the following order: first, all costs and
expenses of sale and suit shall be fully paid; second, the amount necessary
to satisfy the special assessments shall be transferred to the proper
officer; third, the residue, if any, shall be delivered to the court to be
turned over to the owner, mortgagee or such other person as shall establish
right thereto. A report of sales shall be made promptly to the court
together with a copy of each certificate of sale issued.
(Source: Laws 1961, p. 576.)
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