MCLEAN COUNTY, IL LAND AUCTION - NERSTAD

LOCATION McLean County, Illinois Located 2 miles SE of Gridley IL, or 20 miles NE of Bloomington IL. Land is further described as being located in Section 11, T26-R3E, Gridley Township, McLean County, Illinois. SELLER Karl A. Nerstad Living Trust MANAGED BY Eric Ifft (309) 825-3730 Kevin Haas (309) 264-7767 GENERAL INFORMATION 100.0 taxable acres± • 2 tracts Farmers & investors, don't miss this opportunity to purchase this well-located, northern McLean County farm! TRACT INFORMATION Tract 1 - 40 acres (subject to survey) FSA records indicate 40.4 NHEL cropland acres Productivity Index: 132.4 Soil types include Drummer & El Paso, Chenoa, and Ashkum Excellent fertility Excellent yield history Access along the south side from 3000N Rd Tract 2 - 60 acres (subject to survey) FSA records indicate 58.63 NHEL cropland acres Productivity Index: 126.2 Soil types include Ashkum and Chenoa Excellent fertility Excellent yield history Access along the east side from 2280E Rd METHOD & TERMS Both tracts are currently being surveyed and will be sold on a price per acre basis, based on survey results. Both tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect either tract for their high bid. If the high bidder does not elect both tracts, then the remaining tract will continue to be offered “Buyer’s 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(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 take place on or before Monday, November 23, 2026. The seller will provide title insurance in the full amount of the purchase price. Seller is retaining all 2026 farm income. Seller will pay all the 2026 taxes due in 2027 through a credit at closing based on the latest available tax information. As a result of receiving this credit, buyer(s) will pay the 2026 taxes when they become due and payable in 2027 with no additional real estate tax adjustments being made. Buyer(s) will pay all 2027 taxes and beyond. Possession at closing subject to an existing lease for the 2026 crop year only. Open lease for the 2027 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 02-11-300-004 - 40.0A - $2238.78 Includes $21.12 drainage tax Tract 2 - PIN 02-11-200-002 - 60.0A - $2751.08 Includes $31.80 drainage tax SOIL TEST RESULTS Tract 1 PH - 6.7 P - 56 #/A K - 316 #/A Tract 2 PH - 6.6 P - 51 #/A K - 315 #/A YIELD HISTORY (TRACTS COMBINED) Year - Corn Beans 2023 - 251 70 2024 - 240 83 2025 - 264 79 Representing Attorney: Timothy W. Kirk | Heyl, Royster, Voelker & Allen, P.C. 300 Hamilton Boulevard, Suite 200, Peoria, Illinois 61602 | (309) 677-9519 Auction Managers: Eric Ifft (309) 825-3730 Kevin Haas (309) 264-7767