AUCTION IS OVER

• Productive Tillable Land • Future Commercial Potential • Building Sites • Tracts from 6 to 37 Acres

OPEN HOUSE/INSPECTION DATES

Thursday, Sept. 8, 4-6pm. Meet a Schrader Representative at Tract 3 for more information.

PROPERTY LOCATION

9+/- miles north of Adrian
30+/- miles southeast of Jackson
35+/- miles southeast of Ann Arbor
From the intersection of M-50 and M-52, 3 miles west of Tecumseh, travel west on M-50 1/2 mile to Bramble Highway. Tract 1 is located on the northwest corner of the M-50 and Bramble intersection.

AUCTION LOCATION

At the new Franklin Township Hall, 3922 Monroe Road (M-50), Tipton, MI.
Located just behind the Tipton US Post Office, 2 miles west of the property.

PROPERTY DESCRIPTION

Disregard any previous asking price! Come bid your price!
Auctioneers Note: Some small areas of the property contain conservation easements as shown on the tract map. Surveys, soil tests, and restrictive covenants are available by calling the auction manager

TRACT DESCRIPTIONS

Tract 1: 37± ac Gently rolling, mostly tillable with frontage on M-50 and Bramble Highway. Primarily Morley Soils.

Tract 2: 7± ac Beautiful country building site with shared driveway. Consider the possibilities!

Tract 3: 6± ac Large, Level Building Site with shared driveway. Picture your new home here!

Tract 4: 31± ac Gently rolling, mostly tillable tract with frontage on Bramble Hwy. Future possibilities with 3 platted 10-acre lots while farming it now. Mostly Morley and Cadmus Soils.

Tract 5: 16± ac Mostly level, mostly tillable tract with frontage on Bramble Hwy and M-52 (Access from Bramble only). Primarily Morley and Pewamo Soils.

EQUIPMENT & PERSONAL PROPERTY

97+/- Acres in 5 Tracts, Productive Tillable Land - Lenawee County, MI - Mon, Sep 19, 6PM

AREA MAP

TRACT MAP(S)

Tract map - 97+/- Acres in 5 Tracts

SOIL INFORMATION

Soil map - 97+/- Acres in 5 Tracts

PLAT MAP(S)

Plat map - 97+/- Acres in 5 Tracts

PROCEDURE: The property will be offered in 5 individual tracts, combinations of tracts and as a total 97-acre unit. There will be open bidding on tracts, combinations, and the total during the auction as determined by the Auctioneer. Bids on individual tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of the auction. The down payment may be made in the form of cashiers 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. BUYERS PREMIUM: A 6% Buyers Premium will be added to the final bid price and included in the total contract purchase price.

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 Sellers acceptance or rejection.

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

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession will be at closing subject to the farm tenants rights to harvest 2011 crop.

REAL ESTATE TAXES: The Seller has paid the summer 2011 Real Estate taxes. The Buyer will be responsible for the winter 2011 Real Estate taxes billed December 2011 and thereafter. The seller pays transfer tax.

PROPETY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquires and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

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

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions of this auction. Any need for a new survey shall be determined solely by the Seller. The Seller does not anticipate the need on this property for additional survey work. If needed, Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on tracts over 10 acres, if a new survey is determined to be necessary by the Sellers.

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

DISCLAIMER AND 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 the 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.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECENCED OVER THE PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.