Rutland, IL 61358(LaSalle County)

FSA maps indicate 94.43 NHEL cropland acres

Productivity Index (PI); 135.3 (tillable acres)

Soil types include Drummer, Elburn, Hartsburg, Rooks and Blackberry

Additional 3.20 CRP acres along Long Point Creek which runs along the west side of the farm

CRP annual payment of $627 which expires 9-30-29 (tenant to receive the 2022 payment, buyer to receive 2023 and all subsequent payments

E 11th Rd runs along the east side and N 4th Road runs along the south side

METHOD AND TERMS

The real estate will be sold on a price per acre basis, based on 102.95 surveyed acres.

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 April 25, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Buyer will be responsible for the 2022 and all subsequent real estate taxes. Possession at closing subject to a cash rent lease for 2022 - buyer to receive 100% of the 2022 cash rent income (contact auction company for details).

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.

MKM Oil, Inc.

Representing Attorney:

The Wharrie Law Firm

Larry G. Wharrie

105 S Broadway St.

Coal City, IL 60416

(815) 634-8990

Auction Manager:

Kevin Haas (309) 264-7767