Mendon, IL 62351(Adams County)

Soil types include Rozetta, Fishhook, Clarksdale, Ursa, Bunkum, Crider, Greenbush & Blyton

80.31 acres in Conservation Reserve Program paying $14,160 annually ($176.32/ac), expires 9/30/2033

Balance of the acres are wooded brushy draws that offer recreational and hunting opportunities

Excellent building location with utilities present

Access is from the south along North 2250th Avenue

Tract 2 - 178.64 taxable acres

FSA maps indicate 167.88 of cropland acres of which 111.08 are currently in row crop production

56.80 acres that were previously in a CRP Program (CRP Contract has been terminated)

PI on the entire farm is 106

Soil types include Rozetta, Bunkum, Clarksdale, Ursa, Fishhook, Drury, Greenbush & Wakeland

Excellent building location with utilities present

Balance of the acres are wooded brushy draws that offer recreational and hunting opportunities

Access is from the north along North 2250th Avenue and from the east along East 1364th Street

METHOD & TERMS

The Tieken farm will be sold on a price per acre basis, based on taxable acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts, then the remaining tract will continue to be offered Buyers Choice until both tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) 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 Thursday, December 18th, 2025.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2025 real estate taxes due in 2026 though a credit at closing based on the best available information. Seller is retaining all 2025 crop income and upcoming CRP payment for the period ending 9/30/25. The buyer of Tract 1 will be required to enter into a successor CRP contract and will receive all of the CRP payment for 2026 and beyond unless bought out by buyer. Open lease for 2026 crop year. No hunting leases. Possession at closing subject to an existing lease for the 2025 crop year only.

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

All announcements made sale day take precedence over prior advertising either written or oral. However, the real estate auction contract signed by the parties following the auction shall ultimately control, superseding any prior advertising or sale day announcements. 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.

Representing Attorney:

James A. Rapp & Jeffrey L. Terry | Schmiedeskamp Robertson Neu & Mitchell LLP

525 Jersey St, Quincy, IL 62301 | (217) 223-3030

Auction Managers:

Louie Zinn (319) 795-2314

Michael Sullivan (309) 333-0916

John Sullivan (309) 221-6700