ADAMS COUNTY, IL LAND AUCTION - TIEKEN

LOCATION Adams County, Illinois The Tieken farm is located a short distance east of Mendon, IL (10 miles north of Quincy, IL) and is further described as being located in Section 7, T1N-R7W, Honey Creek Township, Adams County, Illinois. SELLER Mary L. Tieken Trust James A. Rapp - Trustee MANAGED BY Louie Zinn (319) 795-2314 Michael Sullivan (309) 333-0916 John Sullivan (309) 221-6700 GENERAL INFORMATION 332.42 taxable acres 2 tracts The farm represents a combination of tillable acres, CRP acres & timber which offers excellent hunting/recreational opportunities. TRACT INFORMATION Tract 1 - 153.78 taxable acres FSA records indicate 118.15 acres of cropland of which 37.84 acres are currently in row crop production The soil Productivity Index (PI) on the tillable acres is 109.4 PI on the entire farm is 102.5 Soil types include Rozetta, Fishhook, Clarksdale, Ursa, Bunkum, Crider, Greenbush & Blyton 80.31 acres in Conservation Reserve Program paying $14,160 annually ($176.32/ac), expires 9/30/2033 Balance of the acres are wooded brushy draws that offer recreational and hunting opportunities Excellent building location with utilities present Access is from the south along North 2250th Avenue Tract 2 - 178.64 taxable acres FSA maps indicate 167.88 of cropland acres of which 111.08 are currently in row crop production 56.80 acres that were previously in a CRP Program (CRP Contract has been terminated) PI on the entire farm is 106 Soil types include Rozetta, Bunkum, Clarksdale, Ursa, Fishhook, Drury, Greenbush & Wakeland Excellent building location with utilities present Balance of the acres are wooded brushy draws that offer recreational and hunting opportunities Access is from the north along North 2250th Avenue and from the east along East 1364th Street METHOD & TERMS The Tieken farm will be sold on a price per acre basis, based on taxable acres. Both 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 both tracts, then the remaining tract will continue to be offered Buyers Choice until both 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 Thursday, December 18th, 2025. The seller will provide title insurance in the full amount of the purchase price and will pay all the 2025 real estate taxes due in 2026 though a credit at closing based on the best available information. Seller is retaining all 2025 crop income and upcoming CRP payment for the period ending 9/30/25. The buyer of Tract 1 will be required to enter into a successor CRP contract and will receive all of the CRP payment for 2026 and beyond unless bought out by buyer. Open lease for 2026 crop year. No hunting leases. Possession at closing subject to an existing lease for the 2025 crop year only. 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. However, the real estate auction contract signed by the parties following the auction shall ultimately control, superseding any prior advertising or sale day announcements. 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. Representing Attorney: James A. Rapp & Jeffrey L. Terry | Schmiedeskamp Robertson Neu & Mitchell LLP 525 Jersey St, Quincy, IL 62301 | (217) 223-3030 Auction Managers: Louie Zinn (319) 795-2314 Michael Sullivan (309) 333-0916 John Sullivan (309) 221-6700