BROWN COUNTY, IL LAND AUCTION - HUSEMAN

LOCATION Brown County, Illinois The Louise A. Huseman Trust farm real estate is located approximately 5 miles southwest of Mt Sterling, in Brown County, IL. Tract 1 is in the North Half of the Northeast Quarter of Section 35, T1S-R4W, Lee Township, and is a high percent tillable with a very nice, approximately 5-acre lake and CRP income. Tract 2 is in the Northeast Quarter of Section 2, T2S-R4W, Buckhorn Township, and is mostly tillable with a 12,000-bushel grain bin. SELLER Louise A. Huseman Trust Farmers State Bank & Trust Co., Mt Sterling, IL MANAGED BY John Sullivan (309) 221-6700 GENERAL INFORMATION 213.95 taxable acres 2 tracts Farmers, investors, home builders and outdoor enthusiasts - be sure to check out these investment quality and ideally located Brown County, IL farms. TRACT INFORMATION Tract 1 - 82 taxable acres FSA maps indicate 58.49 cropland acres 3.9 CRP acres with annual income of $719.00 and expires in 2026 Soil Productivity Index (PI): 120.6 (cropland acres) Soil types include: Keomah, Timewell and Clarksdale Beautiful, approximately 5-lake with excellent home building site Balance of the acres is wooded and offers outdoor recreational and hunting opportunities Improved with 32 x 42 metal storage shed 700N Ave borders on the north side and 450E St on the west Tract 2 - 131.95 taxable acres FSA maps indicate 107.78 cropland acres Soil Productivity Index (PI): 116.9 (cropland acres) Soil types include: Timewell, Clarksdale and Keomah Balance of the acres is wooded and grass waterways offering outdoor recreational and hunting opportunities Improved with a 12,000-bushel grain bin with dryer and stirrator Several existing oil wells and storage tanks 450E St borders on the west side and 550N Ave on the south METHOD & TERMS The Huseman 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 or both tracts for their high bid. If the high bidder does not elect both tracts, then 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 November 21, 2025. The seller will provide title insurance in the full amount of the purchase price and pay the 2025 real estate taxes. Possession at closing subject to an existing lease for the 2025 crop year only. Open lease for the 2026 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 on 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. Representing Attorney: Charles A. Burton Law Office 114 W Lafayette St., Rushville, IL 62681 | (217) 322-4303 Auction Manager: John Sullivan (309) 221-6700