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160 +/– Acre Land Auction  •  Rosemary L. Sparenburg Trust

LIVE IN PERSON AUCTION*Online Bidding Available*

Thursday, April 2^nd 1:00PM

Auction Location: Countryside Event Center, 403 E 200N Rd, Gibson City, IL 60936

Property Location: North 1200E Rd. & E. 800 North Rd. Rural Melvin, IL google maps address is 1198-1110 E 800N Rd Melvin, IL 60952

Tract 1: 80 + or – Acres 79.5 + or - tillable, Located in Sec. 25, Dix Township, Ford County, IL Soil PI 122.5

Tract 2: 80 + or - Acres, 79 + or – tillable, Located in Sec. 25, Dix Township, Ford County, IL Soil PI 124.3

New Owners will receive $15,500 on the north 80 and $15,500 on the south 80. $7,500 will be paid by June 1^st, 2026, and the other $7,500 will be paid by Dec 1^st, 2026.

Trust’s Attorney: Tom Shields, Lexington, IL

Trustee: Norma Miller

AUCTION ORDER: Tracts 1 and 2 will be offered with privilege. The highest bidder can select which tract(s) they wish to purchase, and this process will repeat until the auction ends. If the top bidder chooses both tracts, the auction concludes immediately.

AUCTION TERMS & CONDITIONS

NO COLLUSION, TEAMING, OR BIDDING ARRANGEMENTS THAT RESULT IN DIFFERENT PERSONS OR ENTITIES TAKING TITLE TO TRACTS PURCHASED UNDER A SINGLE WINNING BID WILL BE PERMITTED. THE REGISTERED BIDDER APPEARING ON THE BID CARD WILL BE THE PARTY OBLIGATED TO CLOSE ON AND TAKE TITLE OF THE PURCHASED PROPERTY(IES). Meaning, a purchaser who exercises the privilege to buy additional tract(s) must take title in that same Purchaser’s name or legal entity. Purchasers may NOT arrange for another person or entity to take title to the additional tract(s) at closing. Any bid made in collusion or with the intent to transfer title to a non-registered bidder may be rejected and the sale declared void at the auctioneer’s discretion. The auctioneer/seller reserves the right to refuse any bid, require proof of identity or authorized signing authority, and require the registered bidder to complete closing in his/her/their name as shown on the bid card.

Rights: All the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.

Bidding Method: By the acre. Final purchase price will equal the high bid multiplied by the total acres for each tract. Purchase agreements will reflect the total tract price (not per-acre price).

Bidding Increments:  Pre-Bidding increments $100.00 per acre. The auctioneer will dictate the bid increments at the auction.

Down Payment & Closing: 10% of the total purchase price is due on auction day or the following day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company.

Purchase Agreement: Successful bidders are required to execute purchase agreements on Thursday, April 2nd if participating in person, or on Friday, April 3rd if bidding online.

Crops & Possession: New owners take possession after the fall crop is harvested. They may end or renew the agreement with the tenant.

Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.

Announcements: Auction day announcements take precedence over printed materials.

Liability: Schmid Auction or sellers are not responsible for accidents.

Your Opportunity to Own Prime Illinois Farmland