AUCTION TERMS & CONDITION

REAL ESTATE SELLS SUBJECT TO SELLER CONFIRMATION:  There will be open bidding on this Tract of Land, the property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENTS:  An Ernest Deposit in the amount of $5,000.00 will be due at the end of the Auction. Deposit may be in the form of a check, money order, cashier’s check or cash.

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.

BUYER PREMIUM: A 10% Buyer Premium will be added to the High Bid Price to calculate the final purchase price of all Tracts. Please take this into consideration when bidding.

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 will not be required to close this transaction in the event the purchaser  requests a survey it shall be the purchaser’s expense.

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 this 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 Steve Burns, Auctioneer.

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 STEVE BURNS – AUCTION and its representatives are exclusive agents of the seller.

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

TEKONSHA TOWNSHIP: is a Zoned Township. Buyers shall rely entirely on their own inspections, information, judgment and investigation of the property and is 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 30 days after Auction sale date or soon thereafter as applicable closing documents are completed.

POSSESSION: Possession at closure. Successful Bidders upon execution of Sales Agreement and tendering Earnest Money Deposit may commence with spring field work and planting immediately.  If purchaser fails to close per Terms & Conditions of Purchase Agreement, Purchaser will forfeit any inputs & future crops to seller.