TERMS FOR PERSONAL PROPERTY:  Cash, Check, Visa, Discover, and MasterCard,  A 3% buyer’s premium will be charged at this auction but will be waived with the receipt pf cash or check.  Statements made day of sale take precedence over printed matter.  Concessions available.

REAL ESTATE TERMS

EARNEST MONEY DEPOSITS: PARCEL #1 requires a $5,000 deposit and PARCEL
#2 requires a $10,000 deposit by the successful purchaser(s) the day of sale. Deposits
must be in the form of certified check, bank money order, cash or personal check with a
bank letter of credit indicating the check is for the deposit as of April 5, 2010. The
earnest money deposit is non-refundable and will be forfeited if the buyer does not
consummate the transaction. Checks should be made payable to yourself and
endorsed payable to Re/Max Landmark when you are recognized as the successful
bidder.
CONFIRMATION OF SALES: Successful bidders are required to execute a purchase
agreement upon the conclusion of the auction. The seller reserves the right to accept or
reject any and all offers.
CLOSING: The balance of the purchase price is due at closing. Closings will take
place on or before May 3rd, 2010. Belcher McPherson Auction and RE/Max Landmark
realtors reserve the right to extend the closing up to 30 days in order to resolve any
closing issues. All financing and or 1/2 of the Title Insurance Co. closing fees will be the
responsibility of the buyer.
EVIDENCE OF MARKETABLE TITLE/DEED:
An owners policy of title insurance in
the amount of the purchase price will provide evidence of marketable title. The seller
will furnish an owners policy of title insurance and convey title by warranty deed
containing the following language: “The Grantor Grants to the Grantee the right to
make_**_ divisions under section 1089 of the land division act, Public Act 288 of 1967 &
Public Act 87 of 1997” and “This Property may be located within the vicinity of a
farmland or a farm operation. Generally accepted agricultural and management
practices which may generate noise, dust, odors and other associated conditions may
be used and are protected by the Michigan Right to Farm Act.
__**__ Parcel #1 will receive one additional split, Parcel #2 will receive 12 additional
splits.
CROP RESERVATIONS: No crops are being reserved from this auction.
REAL ESTATE TAXES: The 2010 Real Estate taxes will be prorated to the date of
closing.
MINERAL RIGHTS: Seller will convey 100% of all oil, gas and subsurface mineral
rights owned by the seller.
LEGAL DESCRIPTIONS: All acreage, dimensions and proposed boundaries are
approximate and have been estimated based on current legal descriptions and or aerial
photos. Any maps used in the flyer to show boundaries are not a guarantee of exact
lines, they are merely being used to assist prospective buyers in locating the parcel
being offered. This parcel is being sold in its entirety (not by the acre). No adjustment
will be made in the purchase price if an actual survey reveals acreage amounts different
than estimated in any pre-sale information and or advertising materials.
SURVEYS: In the event parcel number 1 is split from parcel number 2, a survey will be
done on parcel number 2 only and will be furnished by the seller.
POSSESSION: Possession will be at closing
ELECTRICITY: Power to both the home and the barns on parcel #2 are under the
same service. In the event the property is split, it will be the responsibility of the
purchaser of parcel #2 to have electrical service divided and placed in your name.
CONDITION OF THE PROPERTY: The property is being sold in its “As-Is, Where-Is”
condition with no expressed or implied warranty of any kind. The seller and or Belcher
McPherson Auction Co. or Re/Max Landmark realtors will assume that all prospective
buyers have inspected the property and rely on their own conclusions.
ANNOUNCEMENTS: Any announcements made by the auctioneer the day of sale take
precedence over any and all printed material and or verbal statements. Information in
this brochure and other printed materials has been obtained from sources deemed
reliable but the Seller and/or Belcher McPherson Auction Co. or Re/Max Landmark
realtors makes not guarantees to itʼs accuracy.
AGENCY DISCLOSURE: Belcher McPherson Auction Company and Re/Max
Landmark Realtors, its agents, employees and or representatives are Exclusive Agents
of the Seller.
BUYERS PREMIUM: A 10% buyers premium will be added to the final bid price to
calculate the sales price..