The Real Estate consists of: Address 673 Lacy Rd, Elkville IL 62932 County Parcel Number: 05-07-400-004 This property is being sold on an "AS IS", "WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property or its future use is made by Seller or Auction Company. Buyers may conduct inspections by contacting Canning Auctions LLC (618) 684-2331 to schedule an appointment. Seller and Purchaser acknowledge that the tillable acres included in this real estate transaction are currently under contract for the 2026 farming season. Said farming contract shall expire upon completion of the 2026 harvest and shall not extend beyond the 2026 crop year. All rights, payments, and income attributable to the 2026 farming season, including but not limited to cash rent or crop share payments, shall be assigned to and become the property of Purchaser. The 2026 farming payment, which is due on October 15, 2026, shall be paid directly to Purchaser. Seller agrees to execute any documents reasonably necessary to effectuate the assignment of said payment and to ensure Purchaser receives all income associated with the 2026 farming season. Seller further agrees that possession of all machine storage areas, grain storage facilities, and forage storage facilities included in the real estate shall be delivered to Purchaser at closing, free of personal property unless otherwise agreed in writing by the parties. While you may obtain financing for your purchase, this auction is not contingent on financing, appraisal, survey, or inspections of any kind. If you do not have your finances in order, we ask that you Don't Bid! Sale of said property is subject to: any and all easements of record, state and federal regulations, restrictions as to use or improvements of premises, utility, roadway, railway, and gas line easements, all state and local zoning ordinances, and any other limitations, if any. Registration and Representation This real estate auction is being conducted through an online only bidding. All bidding is open and public. You or your authorized representative must be registered online to bid. If you need assistance placing an online bid or prefer to submit a bid in person, please call our office for assistance at (618)684-2331 Registration requires a credit card for validation, though this is not a recognized form of payment for the earnest money (deposit) or purchase price. By registering, all bidders acknowledge having read and agree to be bound by these Auction Terms and Conditions. Canning Auctions LLC reserves the right to remove or cancel the bids and bidding rights of any party at any time deemed not to be in the best interest of the seller(s). Bidding Procedures Maximum Bidding Option: When placing a bid, you may set a maximum bid amount. The system will bid in specified increments up to your maximum, never exceeding it, and only increasing when raised by competing bids. This is particularly useful if you cannot bid actively at closing time. Dynamic Closing "Soft Close": The closing time automatically extends 5 minutes when a bid is placed within the final five minutes. Bidding stops extending only when no bids have been placed for five minutes. Canning Auctions, LLC controls the amount of the bids for the sake of speed and clarity using predetermined bid amounts. Outbid Notifications: If you choose this option during registration, you will receive email notifications when you are outbid. Please note that if you are outbid near the end of the auction, you may not receive the notification until after the auction has closed. You can check your current bid status at any time during the auction. If the system shows you are outbid, you are outbid. If you need to verify your bid status call Office (618) 684-2331 (618)713-0222 before the auction closes Technical Issues: In the event of technical difficulties, Canning Auctions LLC reserves the right to extend, continue, or close bidding. Neither the software provider nor Canning Auctions LLC shall be held responsible for software malfunctions. Use the "Max Bid" feature to minimize technical issues. Contract Terms At the conclusion of the auction, the Winning Bidder will receive an email with documents to sign. The Auctioneer or representative will contact the Winning Bidder the day of the auction to address any questions. The contract signing and earnest money deposit must be completed by 4 pm CST on the day following the auction. Earnest money requirement is 10% of the contract price. The non-refundable earnest money is due by 4 pm CST the day following the auction. Payment options: Check Payable to Jackson County Abstract & Title Cash Credit card (5% fee applies) Wire transfer (buyer pays transaction fees) The earnest money becomes part payment of the property at closing. A Winning Bidder whose documents and deposit are not received within this timeframe: Will be subject to liquidated damages equal to the earnest money plus any costs to obtain the earnest money Title and Closing Title Insurance and Deed: Seller shall provide Owner's Policy of Title Insurance Seller shall execute a Warranty Deed conveying the real estate to the buyer(s) Seller pays for deed preparation Buyer(s) pay for their own title search, insurance charges, and usual conveyance expenses Buyer(s) pay for recording fees and tax stamps that attach to the deed The closing fee of the title company shall be split 50/50 between seller and buyer Title company: Jackson County Abstract & Title Guarantee Co. Real Estate Taxes: 2024 taxes are paid. Seller will give credit at closing for prorated 2025 taxes based on the latest courthouse records. Seller to cover any outstanding taxes, if applicable. The sale will be closed on or before April 3, 2026. Time is of the essence. If closing has not occurred by the closing date, Canning Auctions LLC, through its Agents or Attorney, may give the buyer five (5) day notice to close this sale. The closing date may be extended if mutually agreed upon in writing by both Seller and Buyer. Any personal property remaining after closing becomes buyer's property/responsibility. Legal Considerations The Auction Company has posted all relevant documents (Contracts, tax bills, photos, etc.). Information was obtained from sources believed accurate but requires verification. Aerial Photos and Drawings are for illustration only unless specified as surveyed boundaries. All bidders must: Conduct their own due diligence Complete any professional reviews of the auction and information PRIOR to bidding Review any updates prior to bidding The Contract for Sale of Real Estate Required deposit The Seller may accept or reject any offer at their sole & absolute discretion. Both parties shall indemnify and hold harmless Canning Auctions, LLC from costs, losses, liabilities, or expenses, including attorney fees, resulting from failure to fulfill obligations. Disputes will be arbitrated in Jackson County, IL or tried in Jackson County courts, at the discretion of Seller andCanning Auctions, LLC. If any provision of these Terms and Conditions is held to be invalid, void, or unenforceable for any reason, the remaining provisions shall continue in full force and effect and shall in no way be affected, impaired, or invalidated. Failure to enforce any term does not waive future enforcement rights. These Terms and Conditions are governed by Illinois law. Thank you for your interest. For questions, contact our representatives.