Milton, IL 62363(Pike County)

Productivity Index (PI) on cropland acres: 117

Soil types include Winfield

Balance of the acres is fenced pasture land

Improved with a pond

Tract offers county water and electric

463rd St borders this tract on the west side and 200th Ave on the south

Tract 3 - 1.5 Acres (subject to survey)

Physical address: 46532 200th Ave, Pearl, Illinois 62361

1300 sq ft ranch style home sitting on 1.5 acres

Featuring 3 bedrooms, 1 bathroom, eat-in kitchen, and a large living room

original hardwood floors under carpet

metal roof and vinyl siding

full basement with a 3/4 bathroom and kitchenette

Electric baseboard heat

Electric water heater

County water

Oversized 1 car garage (carport does not convey)

Improved with a 40x80 pole shed with shop

Outbuilding

Access via a 30' easement off ot 200th Ave.

METHOD & TERMS

A survey will be completed on all tracts prior to the auction. Tracts 1 and 2 will be sold by the acre based on the surveyed acres and Tract 3 will sell for a lump sum total dollar amount. Tracts 1 and 2 will be offered through the marketing method of Buyers Choice whereas the high bidder can purchase (in any order) either or both of the tracts for their high bid. Buyers Choice auctioning will continue until tracts 1 and 2 have been elected. We will then sell tract 3. Each tract will sell individually and 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 be on or before July 28, 2022. Possession will be given at the time of closing subject to the current 2022 farm lease.

The seller will pay the 2021 real estate taxes, due and payable in 2022. The 2022 real estate taxes will be prorated to the day of closing and all subsequent years will be the responsibility of the buyer(s). The farm sells subject to a one-year cash rent crop tenancy and the cash rent income will be prorated to the day of closing (contact auction manager for detailes).

Title insurance in the full amount of the purchase price will be provided by the seller.

Bidding is NOT subject to the following contingencies, including but not limited to financing, appraisal or inspection.

All announcements made sale day take precedence over prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, 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.

Wanda Hoover Life Estate

Rowena Lipcamon - Executor

Representing Attorney:

Walker Filbert

Filbert Law Office

116 North Monroe Street

Pittsfield, IL 62363

(217) 371-0636

Auction Manager:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645