Block U L-1800153-33 SEALED BID SALE 7+/- Acres Van Buren County, Michigan SEALED BID DEADLINE: Wednesday, March 13 by 1:00 PM EDT Contact Agents for Additional Details! Property Location: One mile southeast of Lawrence. Travel southeast on Red Arrow Highway to 50th Street and travel south three quarters of a mile the farm is on both sides of the road. Property Description: 7. acres selling in three tracts, see inside for more details on each tract. has 20.9 fully irrigated acres. There are 104.3 acres that have power and well only. The pivots on these acres are not owned by CHS. has 68.9 fully irrigated acres. Block U on FNC Website www.farmersnational.com/chs. For additional information, please contact: Neal Herr, AFM, Agent Camden, Indiana Office: (574) 859-2234 Cell: (765) 7-9468 NHerr@FarmersNational.com www.farmersnational.com/nealherr Serving America s Landowners Since 1929 www.farmersnational.com Troy Parsell, CGA, Agent Lapeer, Michigan Office: (810) 664-4182 Cell: (989) 673-0644 TParsell@FarmersNational.com www.farmersnational.com/troyparsell Real Estate Sales Auctions Farm and Ranch Management Appraisals Insurance Consultations Oil and Gas Management Forest Resource Management National Hunting Leases FNC Ag Stock
52nd St 51st St 50th St 50th St 52nd St th St M 5 1 M 5 1 39th St 45th St 44 1/2 St th St 42nd St 40th St 37 1/2 St 35th St 33rd St n nd St 50th St 40th St 38th St Summary Page 7.+/- Total Acres 292.80± total acres 217.36± tillable acres 303.42± total acres 221.80± tillable acres 147.10± total acres 82.44± tillable acres Property Location Map 38th Ave 38th Ave 39th Ave 35 1/2 St ST 40 40th Ave 42nd Ave 42nd Ave 42nd Ave 48th Ave Bangor Rd 51st Ave 44th Ave 49th St 48th Ave 44th St 1/2 St 48th Ave 42nd St Fisk 47th Ave 39th St Lake R 52nd Ave E Main St Park Ave d 44th Ave 49th Ave Margurite Ln 51st Ave 35 1/2 St 46th Ave 45th Ave Anthony St 68th A ve S Paw Pa w St Blackman St Lawrence 60th Ave 63rd Ave 1 2 3 Red Arrow Hwy 64th Ave 68th Ave 72nd Ave 60th Ave Howard Dr Hill 70th Ave Dr Territorial Rd Reeder Rd Lakeview Dr 56th Ave W Re d Arrow Hw y Wood man Dr 94 Ca rla M 5 1 Paw Paw Rd Dr Eagle Lake Dr 72nd Ave Teapot Dome 41st St N Park St 41 1/2 St 62nd Ave 70th Ave W Re d Arrow Hw y 40th St 67th Ave 58th Ave 38th St Hazen St 36 1/2 St 60th Ave E Michigan Ave Paw Paw 64th Ave 66th Ave 72nd Ave 56th Ave Ewing Rd 53rd St Territorial Rd 76th Ave Delta Dr Stapleton Rd 75th Ave 74th Ave 80th Ave Burgess Rd 76th Ave 76th Ave 76th Ave Fritzburg 78th Ave ST 51 82nd Ave 78th Ave 79th Ave 82nd Ave 81st Ave 33rd St
292.8± Total Acres 217.36± Tillable Acres Parcel ID Numbers 80-13-022-004-10 80-13-015-004-00 80-13-015-005-00 Farm Data Cropland Timber Non-crop Total 217.36 acres 69.04 acres 6.40 acres 292.80 acres FSA Information: (F8982 T11618 and T2085): Combined with Base Yield Corn 362.41 acres 141 bushels Soybeans 12.56 acres 34 bushels Taxes: $3,789.45 or $17. per acre Note: 20.9 acres under pivot to be sold as irrigated 104.3 acres with pivots are to be bid as the power and well existing, but the pivots not owned. Well located southwest corner of center pivot 10 50C 47A Sec. 15 Sec. 1 3B 6D 28 3S 15W 6B 7 Sec. 22 Sec. 2 27 MAP NON IRR SYMBOL NAME LCC ACRES 47A Selfridge loamy sand, 0 to 3 percent slopes IIIw.0 Riddles sandy loam, 6 to 12 percent slopes IIIe 36.0 Capac loam, 0 to 4 percent slopes IIe.4 Tuscola silt loam, 0 to 4 percent slopes IIe.4 Spinks loamy sand, 0 to 6 percent slopes IIIs 25.4 Colwood silt loam IIw 24.7 7 Glendora sandy loam VIw 17.6 Metea loamy fine sand, 1 to 6 percent slopes IIIe 17.4 Riddles sandy loam, 1 to 6 percent slopes IIe 17.2 Gilford sandy loam, 0 to 1 percent slopes IIw 15.1 3B Coloma loamy sand, 0 to 6 percent slopes IVs 15.0 Sloan loam Vw 6.7 50C Metea loamy fine sand, 6 to 12 percent slopes IIIe 4.2 6B Oshtemo sandy loam, 0 to 6 percent slopes IIIs 3.0 28 Houghton muck, 0 to 1 percent slopes Vw 2.8 27 Adrian muck, 0 to 1 percent slopes Vw 1.9 6D Oshtemo-Coloma loamy sands, 12 to 18 percent slopes IVe 1.7 10 Aquents and Histosols, ponded VIw 1.1 TOTAL 291.4
303.42± Total Acres 221.8± Tillable Acres Parcel ID Numbers 80-13-023-001-00 80-13-023-015-00 80-13-014-003-00 80-13-023-018-00 80-13-023-012-00 80-13-023-004-00 Farm Data Cropland Timber Non-crop Total 221.80 acres 73.72 acres 7.90 acres 303.42 acres FSA Information (F8982 T11618 and T2085): Combined with Base Yield Corn 362.41 acres 141 bushels Soybeans 12.56 acres 34 bushels Taxes: $5,404.69 or $24.39 per acre Note: 68.9 acres will be bid as fully irrigated Well and power located at old livestock facility near 50th Street 47A c. 15 Sec. 14 Sec W W W 3S 15W 56 W 12C c. 22 Sec. 23 Sec MAP NON IRR SYMBOL NAME LCC ACRES Capac loam, 0 to 4 percent slopes IIe 103.3 Riddles sandy loam, 6 to 12 percent slopes IIIe 42.3 Tuscola silt loam, 0 to 4 percent slopes IIe 40.3 Colwood silt loam IIw 37.9 Sloan loam Vw 35.1 Riddles sandy loam, 1 to 6 percent slopes IIe 17.0 47A Selfridge loamy sand, 0 to 3 percent slopes IIIw 11.0 56 Pewamo silty clay loam IIw 10.4 W Water 2.7 12C Spinks-Oshtemo complex, 6 to 12 percent slopes IIIe 2.6 TOTAL 302.6
Tract 3 147.1± Total Acres 82.44± Tillable Acres Parcel ID Numbers 80-13-011-012-02 80-13-011-014-00 Farm Data Cropland Timber Non-crop Total 82.44 acres 53.59 acres 11.07 acres 147.10 acres FSA Information (F8984 T6595): Base Yield Corn 66.12 acres 135 bushels Soybeans 10.78 acres 34 bushels Taxes: $2,149.49 or $.07 per acre Note: 45.7 acres with non owned pivots are to be bid with an existing well only. This tract has be powered by a generator in the past. 37A 20C 52D 66 39A 56 52D Tract 3 Tract 3 Sec. 11 Sec. 12 3S 15W 47A 66 39A 12B 56 12B Sec. 14 Sec. 1 MAP NON IRR SYMBOL NAME LCC ACRES Colwood silt loam IIw 50.3 Gilford sandy loam, 0 to 1 percent slopes IIw 31.6 39A Matherton loam, 0 to 2 percent slopes IIw 18.4 Spinks loamy sand, 0 to 6 percent slopes IIIs 16.0 Tuscola silt loam, 0 to 4 percent slopes IIe 11.9 56 Pewamo silty clay loam IIw 8.5 Metea loamy fine sand, 1 to 6 percent slopes IIIe 3.6 Capac loam, 0 to 4 percent slopes IIe 2.4 66 Algansee-Cohoctah complex Vw 1.4 52D Riddles sandy loam, 12 to 18 percent slopes IVe 1.3 37A Thetford loamy sand, 0 to 2 percent slopes IIIw 0.6 12B Spinks-Oshtemo complex, 0 to 6 percent slopes IIIs 0.5 47A Selfridge loamy sand, 0 to 3 percent slopes IIIw 0.4 6E Oshtemo-Coloma loamy sands, 18 to 25 percent slopes VIe 0.0 20C Spinks loamy sand, 6 to 12 percent slopes IIIe 0.0 TOTAL 146.7
Property for Sale by Bid L-1800153-33/Block U, Van Buren, Michigan Bid Procedure Written bids will be received at the office of Farmers National Company, 411 W. Nepessing St, Lapeer, MI 48446, until 1:00 PM, on Wednesday, March 13, 2019. 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 for all bids. Seller will accept the bid if 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 special warranty deed. Property Taxes Real estate taxes for 2018 payable in 2019 will be paid by the Seller. The 2019 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). Crop Lease Revenue 2019 Crop Lease Revenue will be pro-rated via May 1 through October 31, 2019 time frame. Conditions This offering/sale is subject to all easements, covenants, and restrictions of record, leases, and any other agreements, if any. Bidder is responsible for conducting their own inspections (with approval from FNC agents), 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, but 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. Buyer shall pay any recapture tax resulting from any action of the Buyer to rescind a Qualified Agricultural Property Exemption covering the Premises, or any portion thereof, if any, notwithstanding any provision of applicable law to the contrary. All mineral interest owned by the seller, if any, will be conveyed to 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. Agency Farmers National Company and its representatives are acting as Agents of the Seller. For more information, contact: Neal Herr, Broker/Agent Farmers National Company Camden, IN nherr@farmersnational.com Troy Parsell, Broker/Agent Farmers National Company Lapeer, MI tparsell@famersnational.com Office: (574) 859-2234 Office: (810) 664-4182 Mobile: (765) 7-9468 Mobile: (989) 673-0644 Fax: (810)664-4805
Bid Form Block U L-1800153-33, Van Buren County, Michigan I/we hereby offer the following amount(s) for the parcels listed below: Whole Farm: 7.+/- Acres Bid amount $ : 292.8+/- Acres Bid amount $ : 303.4 +/- Acres Bid amount $ Tract 3: 147.1+/- Acres Bid amount $ Bid is total price bid, NOT a per acre bid. I acknowledge there will not be an 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 Email Return no later than 1:00 PM (EDT), Wednesday, March 13, 2019, to: Farmers National Company 411 W Nepessing Street Lapeer, MI 48446 Email: Lapeeroffice@farmersnational.com Telephone: (810) 569-5638 Fax: (810) 664-4805 Block U on FNC Website www.farmersnational.com/chs.