LAND AUCTION TERMS & CONDITIONS

REAL ESTATE SELLS SUBJECT TO SELLER CONFIRMATION: There will be open bidding on all tracts and combinations during the auction as determined by th auctioneer. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENTS: An Ernest Deposit in the amount of $10,000.00 each on Tracts #1 through #5 and $5,000.00 each on Tracts #6 and #7. Deposits may be in the Form of a check, money order, cashier’s check or cash. Ernest Deposit will be due at the close of the Auction.

YOUR BIDDING AND BUYING: is not contingent on your financing, so have your financing pre-arranged. Deposit is non-refundable and will be forfeited if buyer does not perform.

ACCEPTANCE OF BID PRICES: All successful Bidders will be required to enter into purchase agreements at the close of the Auction.

DEED & TITLE INSURANCE: Seller will provide Title Insurance and Warranty Deed containing the following language. This property may be located within the vicinity of Farm Land or a Farm operation, generally accepted Agriculture 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.

SURVEYS: A survey is not required to transfer ownership of any of these tracts. In the Event Buyer Requests a Survey. Buyer shall pay the cost of their survey.

PA 116: Land is currently enrolled in PA 116. Purchasers shall buy with full knowledge of such, and assume existing PA 116 Contract.

LEGAL DESCRIPTION & ABSENCE OF WARRANTIES: Dimensions, boundaries & acreage are all approximate and are an estimation based on current legal descriptions. Aerial photos, etc. Any maps used in this brochure to show boundaries are not a guarantee of exact property lines. All maps in the brochure are a guideline to assist the prospective purchaser in locating the Tract being offered. Each Tract is being sold by the gross dollar (Not by the Acre) no adjustments will be made in the purchase price if an actual survey reveals acreage different than estimated in any printed matter concerning the Auction. All Tracts sell as-is where-is with no warranties expressed or implied as to the merchantability, usability fitness for a particular purpose, or any matter of what so ever type or nature, by the seller and/or Brian Hasty Auction Company and HainesSold.com

ANNOUNCEMENTS MADE SALE DAY: will take precedence over any printed matter and/or verbal statements. Information used in this brochure and other printed matter pertaining to this Auction has been obtained from sources deemed reliable, but the seller and/or Brian Hasty Auction Company make no guarantees as to its accuracy. Conduct of the Auction and Bid increments are at the direction and discretion of the Auctioneer.

AGENCY: BRIAN HASTY AUCTION COMPANY AND OR HAINESSOLD.COM AUCTIONEER and its representatives are exclusive agents of the seller.

TAXES: Real Estate Taxes are pro-rated to closure.

ALGANSEE TOWNSHIP: is a Zoned Township. Buyers shall rely entirely on their own inspections, information, judgment and investigation of the property and its records.

MINERAL RIGHTS: seller to convey 100% of oil and mineral rights owned by seller.

CLOSING: The balance of purchase price is due at closing which will take place approximately on or before 45 days after Auction sale date or soon thereafter as applicable closing documents are completed.

POSSESSION: Possession at closure.