Tract 2 120.0 taxable acres

FSA figures indicate 113.15 NHEL cropland acres

Productivity Index (PI): 137.9

Soil types include Sable, Harpster, Hartsburg, Ipava, and Osco

Class A soils!

Access along the south side from Flatland Rd (10000N) and along the east side from Sumpter Rd (7000E)

METHOD & TERMS

The Trapp farm 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 either tract for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract will be sold on a price per acre basis. 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 Friday, May 2, 2025.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing, based on best available information. Buyer will pay all the 2025 taxes and beyond. Possession at closing with the opportunity of early entry after signing purchase contract. Contact auction manager for details. Open lease for 2025 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, pertaining to this property. Real estate is being sold AS IS.

REAL ESTATE TAX INFORMATION

Tract 1 - PIN 06-29-100-011 - 80.0A - $3547.50

Tract 2 - PIN 07-07-400-003 - 120.0A - $5254.48

Includes $935.59 drainage tax