Neponset, IL 61345(Bureau County)

Tract 1 - 53.34 taxable acres

FSA figures indicate 53.17 acres of NHEL cropland currently in row crop production

Additional 1.12 acres of cropland are enrolled in a CP8A CRP contract. This contract pays an annual payment of $406.00. The contract expires 9-30-2026.

Productivity Index (PI): 137.7 (Class A)

Soil types include Osco, Sawmill, Muscatune

Access is off of 800 N. Ave and 700 E St.

Tract 2 - 80 taxable acres

FSA figures indicate 74.83 acres of cropland currently in row crop production

Productivity Index (PI): 124

Soil types include Elkhart, Osco, Sawmill

Multiple outbuildings, including two 54 x 63 buildings great for machinery storage

Access is along 650 E. St.

REAL ESTATE TAX INFORMATION

Tract 1 - 20-20-300-002 - $2,741.52

Tract 2 - 20-19-300-001 - $2,951.12

METHOD & TERMS

The Marilyn J. Nielsen real estate will be sold on a price per acre basis, based on taxable acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either Tract 1 or Tract 2 for their high bid. If the high bidder does not elect both tracts, the remaining tract will be sold. 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, December 20th , 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes due in 2024 before closing. The seller is keeping all the 2024 cash rent income and will pay all of the 2024 real estate taxes due and payable in 2025 through a credit at closing. Possession at closing, subject to an existing lease for the 2024 crop year. Open lease for 2025 crop year 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.

Marilyn J. Nielsen

Representing Attorney:

Curtis Ford | Nash Bean Ford & Brown, LLP

445 US Hwy. 6 East, Geneseo, IL 61254 | (309) 944-2188

Auction Manager:

Isaac Taber (309)-335-8081