Productivity Index (NCCPI): 63

Soil types include Fatima & Goss

Balance of the land is in timber representing recreational or building opportunities

Access is along the north by Spencer Creek Lane.

Approximately 800 of access to Spencer Creek

Tract 2 100.88 surveyed acres

FSA figures should indicate approximately 94.92 acres of NHEL cropland

Productivity Index (NCCPI): 73

Soil types include Chariton, Fatima, Chequest, Gifford, Vigor & Goss

North west side of the farm is located along Spencer Creek

Access is along the north by Spencer Creek Lane

METHOD & TERMS

The Sorrell real estate will sell on a per acre basis, based on surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, the remaining tract will then be offered. The tracts will NOT be offered together at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment which will be held in escrow until closing. The balance of the bid price will be due at the time of closing, on or before September 12, 2025.

The seller will provide title insurance in the full amount of the purchase price. The 2025 real estate taxes will be prorated to the closing date. Possession at closing subject to an existing crop lease for the 2025 crop year only. The buyer(s) will receive 50% of the 2025 cash rent due and payable by the current tenant to the buyer in November, 2025. Contact auction manager for details. There is no hunting lease associated with either parcel.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection. All announcements on sale day shall take precedence over any prior advertising, either written or oral. The information in our brochure, on our website, or in our advertisements 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.

Closing & Title Work:

Accurate Land Title Co

218 Broadway, Hannibal, MO 63401 | (573) 221-1002

Auction Managers:

Steve Zeiger (573) 231-9802

Dan Sullivan