AUCTION IS OVER

TOTAL SOLD: $3,209,000

Tract(s): 1+5-7	@ $1,825,000	($7,299/acre)
Tract(s): 2+4	@ $225,000	($2,368/acre)
Tract(s): 3	@ $1,150,000	($8,156/acre)
Tract(s): 8+9	@ $9,000	($4,500,000/acre)

• 475+/- Acres offered in 4 Tracts with 9 Pivots plus other Irrigation Equipment • 322+/- Total Tillable Acres with 9 irrigation pivots • Hunting/Recreational tracts with woods, marshland, and scenic views along Portage Creek • Nice rural home location • Highly productive cropland with abundant ground water • Abundant wildlife • St. Joseph County has more irrigated land than any other county east of the Mississippi River! • Crops grown in the are include seed corn, snap beans, potatoes & pickles! • Watch for the Equipment Auction on Monday, October 26 at 10:00 am!!

OPEN HOUSE/INSPECTION DATES

Wednesday, Aug 19th from 4-6 PM
Sunday, Aug 30th from 2-4 PM

AUCTION LOCATION

Vicksburg High School Cafeteria, 501 E. Highway Street, Vicksburg, MI 49097
DIRECTIONS TO FARM: From US 131: Turn east on Michigan Street & travel east 6 miles to T with Silver Street; Turn north and travel 0.6 miles to Farm on the right. From Vicksburg: From intersection of E. Highway Street (also known as W Avenue) and S Richardson Street (also known as 24th Street); Travel south 3.7 miles on CR 24 (becomes Silver Street) to Farm on left.
DIRECTIONS TO AUCTION SITE FROM FARM: Travel north on Silver Street (becomes 24th Street) for 3.7 miles to Highway Street; Turn East & travel 0.2 miles to Vicksburg High School. (Parking for auction is on east side of school).

TRACT DESCRIPTIONS

Tract 1: 250± ac with 180.2+/- ac cropland with balance in wood & marshland. Has frontage on Silver Street. Has Portage Creek frontage. Predominant crop soil is Oshtemo sandy loam. Improvements include 5 Irrigation
Pivots: (a) Zimmatic 3 tower fixed pivot (2010): 610 ft. long, 600 gpm, 3 phase that runs off portable generator, Serial # LA8049; Water supplied from pond east of main bldg. site (Water pump & generator not included)
(b) Valley 3 tower model 7000 fixed pivot (2013): 597.5 ft. long, 600 gpm, 3 phase that runs off portable generator, Serial #1095445; Water supplied from pond east of field (Water pump & generator not included).
(c)Valley 3 tower model 8000 towable pivot (1998): 602 ft. long, 600 gpm, 3 phase that runs off portable generator; Water supplied from pond to east of field (Water pump & generator not included).
(d) Valley 2 tower model 8000 towable pivot (2013): 465 ft. long, 600 gpm, 3 phase that runs off portable generator.; Water supplied by well (Generator for well not included)
(e)Valley 3 tower model 8000 towable pivot (1999): 457 ft. long, 600 gpm, 3 phase that runs off portable generator,;Water supplied by well (Generator for well not included)
WELL: 10 inch, 58 ft deep, 550 gpm (revised), 40 hp submersible pump that runs off portable generator (not included). Well report available. Provides water for pivots (d) & (e).

Tract 2: 3± ac Main Building Site: With frontage on Silver Street. Improvements include:

2 story frame house: 1644+/- sq.ft plus 468+/- square ft basement. 3 bedroom, one bath. natural gas heat, central air, wood stove

Garage/Shop: 32 ft. x 30 ft. single phase electric with concrete floor

Machine Shed: 54 ft. x40 ft. with concrete floor.

Cattle barn: 77 ft. x34 ft. milking barn with 20 ft. x16’milk house and 50 ft. x30 ft. attached pole bldg..

Silos: Two Harvestore silos(56 ft. x19 ft. and 36 ft. x19 ft.), concrete stave silo

Shed/corn crib: 44 ft. x24 ft.

Tract 3: 141± ac with approx. 137+/- Ac cropland. Has frontage on Springer Road/East Z Avenue plus access via easement from Silver Street. Predominant crop soil is Oshtemo sandy loam. Buildings include pole barn (56 ft.x30 ft.), concrete stave silo plus 4 Irrigation Pivots:
(f) Zimmatic 3 tower fixed pivot (2011): 609 ft. long, 600 gpm, 3 phase that runs off portable generator, Serial # LB2546; Water supplied from Portage Creek (Water pump & generator not included).
(g) Zimmatic 3 tower fixed pivot (2011): 596 ft. long, 600 gpm, 3 phase that runs off portable generator, Serial # LB2547; Water supplied from Portage Creek (Water pump & generator not included).
(h) Valley 4 tower towable pivot (1999): 609 ft. long, 600 gpm, 3 phase, Serial #L151770; Water supplied from Portage Creek (Water pump & generator not included).
(i) Zimmatic 4 tower fixed pivot (2014): 609.5 ft. long (revised), 600 gpm, 3 phase, Serial # LD0369; Water supplied from Portage Creek (Water pump & generator not included).
The right to access water for irrigation from the Portage Creek shall also be granted to this tract if purchased separately from Tract #4.

Tract 4: 92± ac with 165 ft of frontage on Springer Road/East Z Avenue with woods, marshland, approx. 5+/- acres of cropland and potential building sites along Portage Creek: This wooded recreational tract lies along the east northeast side of the farm and has direct access to the Portage Creek. If purchased separately from Tract 2, this tract will have 165 ft of frontage along Springer Road along and shall include 20 ft wide lane along of the north & east side of the existing cropland plus a minimum of 165 ft of width where Portage Creek is the property line. Note: If purchased separately from Tract #3, a 30 ft wide easement shall be granted to the owner of Tract #3 to access water for irrigation from the Portage Creek.

Tract 5: John Deere diesel water pump (with white wheels): John Deere 4.5L diesel (serial # T04045T774353), 2371 hrs as of 6/30/15; with Berkeley Pump Model B3JOBM, 13.5 “ impeller, rated @ 600 gpm (serial #G031197)

Tract 6: John Deere diesel water pump (with green wheels): John Deere diesel (serial # CD 4039T 110913), 7012 hrs as of 6/30/15; with Berkeley Pump Model B3JOBM, 13.5 in. impeller, rated @600 gpm (serial #G200793)

Tract 7: John Deere diesel water pump (with black wheels): John Deere diesel (serial # TO439T435494), 9060 hrs as of 6/30/15; with Berkeley Pump Model B3JOBM, 13.5 in. impeller, rated @600 gpm (serial #G280194)

Tract 8: Lester-Petter diesel generator: Lister-Petter diesel Alpha series (serial # 4800770 LPA2A079) with generator, Lima Mac model 250MSL1337 (black)

Tract 9: Caterpillar diesel generator: Caterpillar diesel model C2.2 diesel (serial # C4M02982), 1180 hrs as of 6/30/15; with generator, Lima model 280MSL0056-407 (yellow)

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 4 individual real estate tracts, any combination of those tracts and as a total of 475+/- acres plus tracts 5 thru 9 of additional irrigation equipment, which can also be combined with any real estate tract(s).

DOWN PAYMENT: Ten percent (10%) down payment on the day of the auction with the balance in cash at closing. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. If any of the irrigation equipment in Tracts 5 thru 9 are purchased separately from any of the other Tracts, payment in full shall be made the day of the auction.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The final bid price is subject to Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 30 days after auction or as soon thereafter as possible. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession of property at closing, subject to tenants rights under 2015 farm lease.

REAL ESTATE TAXES: Sellers will pay real estate taxes for calendar year 2015(including installments due Feb 2016). Buyer(s) responsible for all real estate taxes thereafter.

APPROVALS: Sale and closing shall be contingent upon approval by Mendon Township and the proposed land division and compliance with Public Act 591, as to all parcels sold. All real estate is being sold subject to any existing easements and right-of-ways of record and without grants of further division rights under Public Act 591.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on property tax information and/or aerial mapping.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share the survey expense 50:50.

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

DISCLAIMER & 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 questions as 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. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

TR 2 Sellers Disclosures-REVISED0903.pdf

Tract Plat with pivots (final-revised)0903.pdf

Well Report - TR #1-REVISED0903.pdf

Auction Brochure

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