Mineral, IL 61344(Bureau County)

Tract 1 193 acres (subject to survey)

FSA figures indicate 192.15 NHEL cropland acres

Productivity Index (PI): 142 (Class A)

Soil types include Drummer, Plano, Elburn, Thorp, and Harpster

Includes a small triangle field located on the south side of the Hennepin Canal

Access along the south side from CR 1750N and along the west side from CR 250E

Tract 2 19 acres (subject to survey)

FSA figures indicate 18.6 NHEL cropland acres

Productivity Index (PI): 137.3 (Class A)

Soil types include Harpster, Drummer, and Elburn

Access is by way of an easement from CR 1750N/250E

METHOD & TERMS

The Black & Madsen Trusts farm will be sold on a price per acre basis, based on surveyed acres. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the 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 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 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 Monday, December 4, 2023.

The seller will provide title insurance in the full amount of the purchase price. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing lease for the 2023 crop year.

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. 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, LLC pertaining to this property. Real estate is being sold AS IS.

REAL ESTATE TAX INFORMATION

Tract 1

PIN 13-04-200-001 - 40A - $2627.28

PIN 13-04-200-004 - 80.84A - $5100.14

PIN 13-03-100-006 - 72.25A - $4386.46

Tract 2

PIN 13-04-300-003 - 19A - $990.44

Black & Madsen Trusts

Larry & Rita Black Living Trust - Larry Black co-trustee

Larry & Rita Black Living Trust - Corey Black co-trustee

Madsen Family Revocable Trust - Julie Hernandez trustee

FSA INFORMATION

Note: This FSA information includes acres that are not involved in this auction

Representing Attorney:

John S. Duncan | Herbolsheimer, Duncan, Eiten, Hintz & Klinefelter PC.

654 1st St, La Salle, IL 61301 | (815) 223-0111

Auction Manager:

Kevin Haas (309) 264-7767