Thursday, February 28,2008 04:00 PM  thru  05:30 PM

Corner of Todd Road and Alcott Road. DIRECTIONS: West of U. S. 223 3/4 mile to Sylvania-Petersburg Road go north 4 miles to Todd Road. Go west 1 & 3/4 miles to property OR east of Blissfield on U. S. 223 6 miles to County Line Road go north 4 miles to Todd Road. Go east 1 mile to the property.

South of U. S. 223 on Riga Rd. to Riga Municipal Hall South edge of Riga.

TRACT 1: 82+ Acres. Approx. 1100' frontage on Todd Rd. and approx. 2400 frontage on Alcott Rd. Approx. 78 acres tillable tiled every 50.' Excellent drainage. An older barn, approx. 30' x 60.'

TRACT 2: 76+ Acres. Approx. 1250' frontage on Todd Rd. Approx. 74 acres tillable, tiled every 50.' Excellent drainage.

PROCEDURE: The property will be offered in 2 individual tracts as a total 158 acres..

DOWN PAYMENT: Ten percent (10%) down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier's 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 successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller's acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owner's 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 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession of land at closing.

REAL ESTATE TAXES: Buyer shall assume 2008 taxes.

APPROVALS: Sale and closing shall be contingent upon approval by Summerfield 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. Land enrolled in PA116 through December 2009 will be transferred to new buyers.

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

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 to the person's credentials, fitness, etc. All decision of the Auctioneer are final. Any announcements made the day of the sale take precedence over printed material or any other oral statements made.