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MICHIGAN LAND AUCTION - 413+/- ACRES OFFERED IN 11 TRACTS IN BARRY & EATON COUNTIES

Barry & Eaton Counties

Owner: Living Trust of Ewald Zuter and Gertrud E. Irish and Sabrina G. Klepsteen Tue, Nov 10, 2015

SOLD FOR $1,884,900

• 413+/- Acres offered in 11 Tracts • Productive Farmland and Woods for hunting • 2 Nice Homes & buildings • Farm A: Bellevue Twp., Eaton Co., 255+/- Acres • Farm B: Assyria Twp., Barry Co., 158+/- Acres


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Monday, October 12 from 2-4pm
Thursday, October 29 from 10am-12PM

PROPERTY LOCATION

Farm A: From the intersection of M78 and Pease Rd. (just west of Bellevue, MI) travel north on Pease Rd. 2-1/2 miles to Farm A. (Keep straight on Pease after 1-1/4 miles when highway curves to left.)
Farm B: from intersection of Pease Rd. and Assyria Hwy. (1 mile south of Farm A, at curve in highway) travel west on Assyria Hwy. (Tasker Rd.) 4-1/4 miles to Farm B.

AUCTION LOCATION

Bellevue Jr/Sr High School Cafeteria. 576 Love Rd., Bellevue, MI.

TRACT DESCRIPTIONS

Tract 1: 73± ac mostly tillable with frontage on Stony Point Hwy.

Tract 2: 40± ac all tillable with frontage on Pease Rd.

Tract 3: 45± ac all tillable with frontage on Pease Rd. & Stony Point Hwy.

Tract 4: 2± ac with 3 bedroom, 1 bath, 2-story home, nice oak kitchen and new carpet. Also included with this tract are 3 outbuildings.

Tract 5: 2± ac with 3 bedroom, 1-1/2 bath home. Home has central air. Also included with this tract is a 80 x 55 pole barn with concrete floors and a 70 x 36 bank barn w/beam construction.

Tract 6: 53± ac all tillable with frontage on Pease Rd. & Stony Point Hwy.

Tract 7: 40± ac mostly tillable with frontage on Stony Point Hwy.

FARM B: Assyria Twp., Barry Co., 158+/- acres

Tract 8: 40± ac mostly all tillable with frontage on Tasker Rd.

Tract 9: 78± ac all tillable with older set of farm buildings.

Tract 10: 40± ac SWING tract that must be combined with Tract 9 or an adjoining land owner. All wooded with stream running through. Good hunting tract with young timber.

Tract 11: 0.0± ac 9000 bushel grain bin located on Tract 5 with full drying floor and blower fan. Bin to be removed at buyers expense within 30 days.


INTERACTIVE MAP

TRACT MAP(S)

Farm A

Farm B

SOIL INFORMATION


Farm A


Farm B

AREA MAP(S)

REAL ESTATE AUCTION TERMS & CONDITIONS:

PROCEDURE: The property will be offered in 10 individual tracts, any combination of those tracts and as a total of 413+/- acres plus tract 11 (9000 bu. grain bin).

BUYERS PREMIUM: The contract purchase price will include a Buyers Premium equal to 3% of the bid amount.

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. Tract 11 grain bin paid in full night of auction, unless bought in combination with any other tract.

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 lease.

REAL ESTATE TAXES: Sellers will pay real estate taxes prorated through December 31, 2015. Buyer(s) is responsible for all real estate taxes thereafter.

APPROVALS: Sale and closing shall be contingent upon approval by Assyria Twp./Barry Co. and Bellevue Twp./Eaton Co. 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 approximately and have been estimated based on property tax information and/or aerial mapping.

MINERAL RIGHTS: Seller to retain 50% of all subsurface mineral rights, if any.

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 shall share survey expense 50:50.

AGENCY: Schrader Real Estate and 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 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. ANNOUNCEMENTS MADE BY THE AUCTION AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.