HANCOCK COUNTY, IL LAND AUCTION - REA-NEWBANKS

LOCATION Hancock County, Illinois The farms are located approximately 6 miles east of Nauvoo, IL or approximately 1.4 miles east of the Connable Blacktop. Tract 1 is located on East County Road 2300 and tract 2 is located on East County Road 2100. The tracts are further described as being located in Section 2 and 23, T6N-R8W, Sonora Township, Hancock County, Illinois. SELLER Timothy Rea & Glenda Newbanks MANAGED BY Louie Zinn (319) 795-2314 Michael Sullivan (309) 333-0916 GENERAL INFORMATION 92.13 taxable acres 2 tracts Both tracts represent high quality farmland in Hancock County, IL with Tract 1 consisting of high-quality Class A farmland with a productivity index of 143. A great opportunity to add on to an existing farm operation or investment portfolio. TRACT INFORMATION Tract 1 - 40 taxable acres FSA records indicate 40.70 acres of NHEL cropland Productivity Index (PI): 143 (Class A) Soil types include Sable, Ipava & Muscatune Access is along the south along East County Rd 2300 Tract 2 - 52.13 taxable acres FSA records indicate 48.09 acres of cropland The remainder of the acres is waterway/creek Productivity Index (PI): 119.9 Soil types include Keller, Ipava & Osco Access along the north along East County Rd 2100 METHOD & TERMS The tracts will be sold individually on a price per acre basis, based on taxable acres. 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 December 23, 2025. The seller will provide title insurance in the full amount of the purchase price and will pay the 2025 real estate taxes, due and payable in 2026, through a credit at closing based on the most recent available tax information. Open lease for 2026 crop year. Possession at closing subject to the current farm tenancy. 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. Representing Attorney: H. Eugene Anderson | Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP 524 N. Main Street, Burlington, Iowa 52601 | (319) 754-7585 Auction Managers: Louie Zinn (319) 795-2314 Michael Sullivan (309) 333-0916