Attention: Investors, Farmers and Builders

Large Land Auction

228 Acres - 22 Parcels

Lenox Township, Macomb County, Michigan

Property Location: 29 Mile Road, West of Gratiot/M-3, ½ mile.

Saturday, October 6th, 2018 11:00 AM

Property Inspection: Representative from Auction Company will be on site, Sunday September 30th. and Wednesday October 3rd. from 2:00 PM to 5:00 PM.

Possession: Upon harvest of 2018 crops.

Terms: Land Contract available with 20% down, 6% interest, 15 year amortization, 3 year balloon.

Auctioneers Note: Attention, Investors, Framers, Home Builders, 228 acres with potential of 22 splits. This property offers potential. Invest, Farm and Develop as needed. Two mile of road frontage. Close to development.

Sale Location:      69246 Main St., Richmond, MI. 48062

North end of town immediately North of Ken’s Country Kitchen. City parking lot behind building. Watch for Auction Signs. This sale is to be sold off site for parking convenience.

Auction Terms and Conditions

A 5% Buyers’ Fee applies to all purchases. There can be no contingencies of sale.

Procedure: There will be no minimum starting bid on any property that is a part of this sale. The property will be offered in individual parcels. There will be open bidding on all parcels during the auction as determined by the Auctioneer. All bids are subject to the Seller’s acceptance or rejection.

Down Payment: 10% down payment the day of the 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 be capable of paying cash at closing. Land Contact by Seller with 20% down, 6% interest, 3 year term, 15 year amortization.

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 bids are subject to the Seller’s acceptance or rejection within 48 hours.

Title Insurance: Sellers will provide an Owner’s Title Insurance Policy with standard exceptions in the amount of the purchase price, to the successful bidder.

Closing: The balance of the purchase price is due at closing which will take place within 30 days of acceptance. Possession: At closing or upon harvest of 2018 crops as applicable.

Real Estate Taxes: Taxes to be prorated as paid in advance.

Survey: A legal survey will be provided.

Agency: Chuck Cryderman and Associates and It’s representatives are Exclusive Agents of the Sellers.

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 either expressed or implied concerning the property is made by the Sellers, the Auction Company or the Broker. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires 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 it’s accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as to such person’s credentials. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIALS

OR ANY OTHER ORAL STATEMENTS MADE.