John Borrowman (217) 430-0645

Dan Sullivan

GENERAL INFORMATION

241.17 taxable acres 3 tracts

Tracts 1 and 2 represent highly productive farmland that is nearly 100% tillable, improved with 1 grain bin.

Tract 3 represents highly productive tillable farmland and timber for outdoor enthusiasts and improved with a grain bin and barn.

TRACT INFORMATION

Tract 1 114 taxable acres

FSA figures indicate 110.77 NHEL acres of cropland

Productivity Index (PI): 138.3 Class A

Soil types include Worthern, Titus, and Littleton

1 Grain Bin

Access along the east side by Hillview-Eldred Road and the south from 1400 N/NW 200th Street.

Tract 2 50.17 taxable acres

FSA figures indicate 48.96 NHEL acres of cropland

Productivity Index (PI): 131.1

Soil types include Littleton, Titus, and Worthern

Remaining acres in waterways

Access along the west side from 200 E/SW 900th Ave

Tract 3 77 taxable acres

FSA figures indicate 58.70 HEL acres of cropland

Productivity Index (PI): 115.1

Soil types include Fayette and Haymon

Remaining acre in timber providing excellent wildlife habitat

Improved with a grain bin and barn

Access along the west side from 850 E/SW 250th Avenue

METHOD & TERMS

The real estate will be sold on a price per acre basis, based on taxable acres. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any or all 3 tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all 3 tracts have been selected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before December 16, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay all the 2025 real estate taxes (due in 2026). The amount owed by Buyer at closing shall be adjusted to reflect a credit for the 2025 real estate taxes payable in 2026. (Credit to be based on best available information.) As a result of receiving this credit against the purchase price, Buyer shall pay 2025 taxes when they become due and payable in 2026 in whatever amount the actual taxes are without further adjustment, and the Buyer shall pay all taxes assessed thereafter.

Possession at closing subject to an existing crop share lease for the 2025 crop year only. The farms sell free and clear of tenancy for 2026 and beyond. There are no hunting leases in place.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.

All announcements made on sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements, and on our website is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

REAL ESTATE TAX INFORMATION

Tract 1

PIN 12-09-300-001 - 74 acres - $2,992.44

PIN 12-08-400-001 - 40 acres - $1,288.62

Tract 2

PIN 12-32-200-002 - 40 acres - $1,100.82

PIN 12-33-100-008 - 10.17 acres - $355.20

Tract 3

PIN 18-05-400-003 - 77 acres - $1,418.38

PIN 01-01-05-100-016 - 227.05A - $10,913.32

Michelle Kirbach

Menelle Cycholl

Representing Attorney:

Richard N. Gillingham | Gillingham Law Office

220 Sixth Street, Carrollton, IL 62016 | (217) 942-5244

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645

Dan Sullivan