Milton, IL 62352(Pike County)

Tract 1 47.68 taxable acres

FSA records should indicate 47.71 NHEL cropland acres

Productivity Index (PI): 136.9 (Class A)

Soil types include Wakenda, Virden, Bethalto, and Downsouth

Nearly 100% tillable

Access along the south side from 200th Ave

Tract 2 81.52 taxable acres

FSA records should indicate 81.40 NHEL cropland acres

Productivity Index (PI): 138.2

Soil types include Ipava, Wakenda, Downsouth, and Bethalto

Nearly 100% tillable

Access along the west side from Branchwood Rd

REAL ESTATE TAX INFORMATION

Tract 1

62-018-06A - 47.15 Acres - $1,667.62

62-16-200-004 - .53 Acres - $20.84

Tract 2

62-018-12 - 40.75 Acres - $1,661.32

62-018-11 - 40.77 Acres - $1,566.82

METHOD & TERMS

The Sanderson Farm, LLC 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 of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract 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 Tuesday, July 2, 2024.

The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for all 2024 real estate taxes and beyond. Possession of both tracts will be at closing, subject to the 2024 farm lease, of which the new buyer will receive income for the 2024 crop year (contact auction manager for details). Open lease for 2025 and beyond.

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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Sanderson Farm, LLC

Representing Attorney:

Ronald K. Hoskin | Lowry & Hoskin LLC and Western Illinois Title Services, LLC

130 S. Madison P.O. Box 167, Pittsfield, IL 62363 | (217) 285-4220

Auction Manager:

John Borrowman (217) 430-0645

Rodney Borrowman (630) 247-0667