SEALED BID SALE. 1, /- Acres Clinton County, Michigan
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1 Block DD and EE L SEALED BID SALE 1, /- Acres Clinton County, Michigan SEALED BID DEADLINE: Friday, August 17 by 1:00 PM EDT Contact Agents for Additional Details! Property Location: Travel four miles north on South Wright Road from Grand Ledge to Howe Road. Then west on Howe Road one mile to Tallman Road. The farm is located on the north and south sides of Howe Road the north side of Howe Road it is on both sides of Tallman Road. The south side of Howe Road it is located on the west side of Tallman Road. Also on the north side of Howe Road along the west side of Hinman Road. Steve Herr, AFM, Agent Lapeer, Michigan Office: (810) Cell: (810) Neal Herr, AFM, Agent Camden, Indiana Office: (574) Cell: (765) Serving America s Landowners Since Troy Parsell, CGA, Agent Lapeer, Michigan Office: (810) Cell: (989) TParsell@FarmersNational.com Real Estate Sales Auctions Farm and Ranch Management Appraisals Insurance Consultations Oil and Gas Management Lake Management Forest Resource Management National Hunting Leases FNC Ag Stock
2 Summary Page 1, /- Total Acres Tract ± total acres ± tillable acres Tract ± total acres ± tillable acres Tract ± total acres ± tillable acres Tract ± total acres ± tillable acres Property Description: Highly productive soils, large contiguous tracts, mostly tillable acres, three parcels are irrigated, total of acres. BlockDD and EE on FNC website Property Location Map Note: Parcel lines may not line up with aerial imagery.the parcel lines are not survey grade and their accuracy varies across the county.
3 Tract ± Total Acres ± Tillable Acres Parcel ID Numbers Farm Data Cropland Non-crop Total acres acres acres FSA Information (F9650 T14458): Base Yield Corn acres 124 bushels Soybeans acres 24 bushels Wheat acres 49 bushels Combined with Tracts 2 and 3 Taxes: $8, or $21.13 per acre Note: Parcel lines may not line up with aerial imagery. The parcel lines are not survey grade and their accuracy varies across the county.
4 Tract ± Total Acres ± Tillable Acres Parcel ID Numbers * * Note: *These parcels are irrigated Farm Data Cropland Non-crop Total acres.54 acres acres FSA Information (F9650 T14458): Base Yield Corn acres 124 bushels Soybeans acres 24 bushels Wheat acres 49 bushels Combined with Tracts 1 and 3 Taxes: $4, or $17.08 per acre MbC3 CaA Pa Sec. 3 5N 4W Tract 2 Sec WbA Tract 2 BdA Pr SpB CbB CaA SpB BoB Pr Pr CbB Esri, USD MAP NON IRR SYMBOL NAME LCC ACRES CaA Capac loam, 0 to 4 percent slopes IIe Sims silty clay loam Vw 56.7 Pr Parkhill loam, non dense till subsoil, 0 to 2 percent slopes IIw 44.7 Marlette loam, 2 to 6 percent slopes IIe 13.1 BoB Boyer complex, 0 to 6 percent slopes IIIs 8.9 WbA Wasepi sandy loam, 0 to 3 percent slopes IIIs 4.9 SpB Spinks loamy sand, 0 to 6 percent slopes IIIs 4.2 Pa Palms muck, 0 to 1 percent slopes Vw 3.2 CbB Capac-Marlette loams, 1 to 6 percent slopes IIe 2.3 BdA Blount loam, 0 to 2 percent slopes IIw 0.8 MbC3 Marlette clay loam, 6 to 12 percent slopes, severely eroded IIIe 0.6 MbD3 Marlette clay loam, 12 to 18 percent slopes, severely eroded VIe 0.1 TOTAL Note: Parcel lines may not line up with aerial imagery. The parcel lines are not survey grade and their accuracy varies across the county.
5 Tract ± Total Acres ± Tillable Acres Parcel ID Numbers * Note: *This parcel is irrigated Farm Data Cropland Non-crop Total acres 1.22 acres acres FSA Information (F9650 T14458): Base Yield Corn acres 124 bushels Soybeans acres 24 bushels Wheat acres 49 bushels Combined with Tracts 1 and 2 Taxes: $3, or $18.38 per acre Note: Parcel lines may not line up with aerial imagery.the parcel lines are not survey grade and their accuracy varies across the county.
6 Tract ± Total Acres ± Tillable Acres Parcel ID Numbers Farm Data Cropland Non-crop Total acres 9.01 acres acres FSA Information (F9650 T14457): Base Yield Corn acres 123 bushels Wheat 6.70 acres 50 bushels Taxes: $1, or $17.59 per acre Note: Parcel lines may not line up with aerial imagery.the parcel lines are not survey grade and their accuracy varies across the county.
7 Property for Sale by Bids Blocks DD and EE L , 1, /- Acres, Clinton County, Michigan Bid Procedure Written bids will be received at the office of Farmers National Company, 411 Nepessing, Lapeer, MI 48446, until 1:00 PM (EDT), on Friday, August 17, Bids should be for the total dollar amount and not per acre. Please submit your highest and best offer. There will be no oral bidding. We will acknowledge receipt of all bids. Seller will accept the bid it determines in its sole discretion to be in its best interest. Seller may reject any and all bids for any reason. Bid Method: Bidding will be either by a single whole farm bid OR by the individual tract desired. Contact Agent for additional tract questions. Terms of Sale and Closing Terms of the sale are cash. The successful bidder will be required to sign a purchase agreement and provide a 10% earnest money check with the balance due at closing in approximately 45 days. At the execution of the purchase agreement, the successful bidder will provide a lender s financial commitment letter for the amount of the purchase price. The seller will provide an owner s policy of title insurance in the amount of the contract price. The cost of title insurance and escrow closing services will be shared equally between buyer and seller. Seller will convey title by a special warranty deed. Property Taxes Real estate taxes for 2017 payable in 2018 will be paid by the seller. The 2018 real estate taxes will be prorated based on the same calculation as the crop lease revenue and settled at the closing. All future taxes will be the responsibility of the buyer(s). Minerals All mineral interest owned by the seller, if any, will be conveyed to the buyer(s). Buyer is expected to perform full due diligence in understanding and identifying any and all mineral rights and interests associated with this sale. Crop Lease Revenue 2018 Crop Lease Revenue will be pro-rated via June 1 through October 31, 2018 time frame. Conditions This offering/sale is subject to all easements, covenants, restrictions of record, leases, and any other agreements, if any. Bidder is responsible for conducting their own inspections (with approval from FNC agent), inquiries, and due diligence concerning the subject property. All property is offered for sale on an AS IS-WHERE IS basis with no warranties or guarantees, either expressed or implied, by the seller or Farmers National Company. Personal property of prior or current tenants on site is not offered as part of the sale. Surveys are at the discretion of the buyer at buyer s expense. The buyer takes the property subject to any existing tenancy on the property, whether by written or oral lease. Agency Farmers National Company and its representatives are acting as Agents of the seller. For more information, contact: Steve Herr Farmers National Company 411 W Nepessing Street Lapeer, MI sherr@farmersnational.com Telephone: (810) Fax: (810)
8 Bid Form Blocks DD and EE L , 1, /- Acres, Clinton County, Michigan I/we hereby offer the following amount(s) for the tracts listed below: Whole Farm: 1, /- acres Tract 1: /- acres Tract 2: /- acres Tract 3: /- acres Tract 4: /- acres Bid Amount $ Bid Amount $ Bid Amount $ Bid Amount $ Bid Amount $ Bid is total price bid, NOT a per acre bid. I acknowledge there will be no oral bidding with this process. I agree to sign a purchase agreement and deposit 10% earnest money on the date of sale if I am the successful bidder. I acknowledge and agree that I understand the bidding process and procedures. Signature Date Print name Address City State ZIP code Telephone number Cell phone number Return no later than 1:00 PM (EDT), Friday, August 17, 2018, to: Farmers National Company 411 W Nepessing Street Lapeer, MI Lapeeroffice@farmersnational.com Telephone: (810) Fax: (810)
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