AUCTION IS OVER

TOTAL SOLD: $867,000

Tract(s): 1+2

@ $867,000

($7,539/acre)

• Productive Tillable Land • Selma & Drummer Soils • Minutes from I-80 • Just 3 Miles North of Atkinson • 10+/- Miles East of Geneseo • 13+/- Miles South of Prophetstown • 20+/- Miles North of Kewanee

OPEN HOUSE/INSPECTION DATES

Monday, November 5, Noon-2 p.m.

Meet a Schrader Representative near the buildings on Tract 2 for more information.

PROPERTY LOCATION

From the intersection of US Hwy 6 and Spring Street/Atkinson Road, on the east side of Atkinson, travel north on Spring Street/Atkinson Road 2 3/4 miles to 2120th Avenue. Turn right (east) on 2120th Avenue and travel 3/4 mile to the property on the north side of the road.

AUCTION LOCATION

At the Atkinson American Legion Post #724, 509 North School Street, Atkinson, IL, 61235. From the intersection of US Hwy 6 and School Street,on the east side of the fire station in Atkinson, travel north on School Street 1/2 mile to the Legion on the left (west) side of the street.

TRACT DESCRIPTIONS

Tract 1: 50± ac all tillable, level to gently rolling land. Road frontage on 2200th Avenue.

Tract 2: 65± ac of mostly tillable land including small area of grass, a 40 ft. x 50 ft. open front shed, grain bin and an old corn crib. Road frontage on 2120th Avenue.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The Property will be offered in 2 individual tracts and as a total 115 +/- acres. There will be open bidding on both tracts and the whole during the auction as determined by the Auctioneer. Bids on tracts and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All final bid prices are subject to the Sellers acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Seller shall provide a Warranty Deed. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Seller will provide a preliminary title insurance commitment to review prior to auction. Seller agrees to furnish Buyer(s) at Sellers expense an updated Owners Policy of Title Insurance prior to closing.

CLOSING: The balance of the purchase price is due at closing, which will take place 30 days after the auction, or as soon thereafter as applicable closing documents are prepared by the Seller. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession is at closing, subject to tenants right to harvest growing crop and use of shed and bin.

REAL ESTATE TAXES: Buyer shall assume 2013 calendar year taxes due in 2014.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. If surveyed, final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.

PLANNING APPROVAL: The sale of all tracts is subject to any necessary county planning approval or other necessary county approval. The real estate is being offered for agricultural purposes, and any construction on the property may require county approval.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

BUYERS PREMIUM: A Buyers Premium of 2% will be charged to the Buyer. The Buyers Premium shall be added to the high bids to obtain the Total Contract Purchase Price.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

SOIL DATA: Soil data is provided by Agri Data, Inc. and is assumed reliable but potential Bidders are responsible for their own due dilligence.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.