Block Q L-1800153-30 SEALED BID SALE 323.5+/- Acres Van Buren County, Michigan SEALED BID DEADLINE: Wednesday, March 13 by 1:00 PM EDT Contact Agents for Additional Details! Property Location: travel one and one half miles east of Decatur on County Road 352 the farm is located on the south side and along the east side of 41st Street. travel one mile south of Decatur on Old Swamp Road the farm is located on both sides of the road. is one and a half miles south of Decatur on County Road 668 on the east side of the road. Property Description: Easily accessible primarily Adrian, Houghton, and Edwards Muck. Block Q on FNC Website www. farmersnational.com/chs. For additional information, please contact: Neal Herr, AFM, Agent Camden, Indiana Office: (574) 859-2234 Cell: (765) 437-9468 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 52nd St 51st St 50th St 50th St 48th St 48th St St 47 1/2 St 47th St 46 1/2 St 46th St 44 1/2 St 46th 46th St 2 1/2 St 44th St 42nd St 40th St 39th St 32nd St M 4 0 4 3850th 38th St e 36th St 3 Walker St 32nd St 31st St Summary Page 323.5+/- Total Acres 33.00± total acres 29.77± tillable acres 208.20± total acres 190.06± tillable acres 82.30± total acres 80.30± tillable acres Property Location Map Blackman St 63rd A v e Red Arrow Hwy 60th Ave 64th Ave Territorial Rd 56th Ave W Re d Arrow Hw y Woo d man Dr 94 Teapot Dome 41st St N Park St 62nd Ave W Re d Arrow Hw y 40th St 58th Ave 38th St Hazen St 36 1/2 St 35 1 60th Ave ST 40 N Ka la ma zoo Elm St Paw Paw S Lagrave St 64th Ave E Red A rr ow Hwy 56th Ave 56th Ave M 4 0 Paw Paw Rd 66th Ave 66th Ave 68th Ave Howard Dr Hill 70th Ave 72nd Ave Dr Reeder Rd Lakeview Dr Ca rla Dr Eagle Lake Dr 72nd Ave 41 1/2 St 70th Ave 67th Ave 72nd Ave Ewing Rd Lawton 76th Ave Fritzburg Territorial Rd 76th Ave 78th Ave Stapleton Rd 75th Ave 74th Ave 80th Ave Burgess Rd 76th Ave 76th Ave 78th Ave 79th Ave 82nd Ave 81st Ave 33rd St 78th Ave 84th Ave ST 51 86th Ave Clark St 45th St N Phel ps St S East St S George St 85th Ave Decatur 2 1 2 88th Ave 92nd Ave 92nd Ave 31st St 3 Old Swamp Rd th Rd Valley Rd 42nd St 40th St Van Buren St 96th Ave
33± Total Acres 29.77± Tillable Acres Parcel ID Numbers 80-08-021-006-10 80-08-021-034-00 80-08-021-016-00 Farm Data Cropland Non-crop Total 29.77 acres 3.23 acres 33.00 acres FSA Information: (F8983 T7723, T7653 and T11498): Base Yield Corn 7.1 acres 102 bushels Taxes: $1,178.71 or $39.59 per acre Sec. 21 4S 14W 27 Esri, USDA Farm Servic MAP NON IRR SYMBOL NAME LCC ACRES Houghton muck, 0 to 1 percent slopes Vw 21.7 27 Adrian muck, 0 to 1 percent slopes Vw 11.3 TOTAL 33.0
208.2± Total Acres 190.06± Tillable Acres Parcel ID Numbers 80-08-0-025-10 80-08-0-005-00 80-08-0-0-00 80-08-029-018-10 80-08-0-022-02 80-08-021-029-00 80-08-021-026-00 Farm Data Cropland Non-crop Total 190.06 acres 18.14 acres 208.20 acres FSA Information (F8982 and F8983 T7017, T11497, T1722, and T7247): Base Yield Corn 126.85 acres 141 bushels Soybeans 3.43 acres 34 bushels Taxes: $5,519.52 or $30.75 per acre W 11 17A 27 4S 14W 11 Sec. 29 Sec. 27 MAP NON IRR SYMBOL NAME LCC ACRES Houghton muck, 0 to 1 percent slopes Vw 107.8 27 Adrian muck, 0 to 1 percent slopes Vw 80.6 11 Edwards muck, 0 to 1 percent slopes Vw 14.4 W Water 4.9 17A Brems sand, 0 to 2 percent slopes IVs 0.2 TOTAL 207.9
82.3± Total Acres 80.3± Tillable Acres Parcel ID Numbers 80-08-032-007-00 Farm Data Cropland Non-crop Total 80.3 acres 2.0 acres 82.3 acres FSA Information (F8982 T2073): Base Yield Corn 63.97 acres 141 bushels Soybeans 2.22 acres 34 bushels Taxes: $2,131.43 or $26.75 per acre Sec. 29 4S 14W Sec. 32 11 MAP NON IRR SYMBOL NAME LCC ACRES 11 Edwards muck, 0 to 1 percent slopes Vw 80.8 Houghton muck, 0 to 1 percent slopes Vw 1.4 TOTAL 82.2
Property for Sale by Bid L-1800153-30/Block Q, 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 pro-rated 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, 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 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. Agency Farmers National Company and its representatives are acting as Agents of the Seller. For more information, contact: Neal Herr, Broker/Agent Troy Parsell, Broker/Agent Farmers National Company Farmers National Company Camden, IN Lapeer, MI nherr@farmersnational.com tparsell@famersnational.com Office: (574) 859-2234 Office: (810) 664-4182 Mobile: (765) 437-9468 Mobile: (989) 673-0644 Fax: (810)664-4805
Bid Form Block Q L-1800153-30, Van Buren County, Michigan I/we hereby offer the following amount(s) for the parcels listed below: Whole Farm: 323.5+/- Acres Bid amount $ : 33.00+/- Acres Bid amount $ : 208.2+/- Acres Bid amount $ : 82.3+/- 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 Q on FNC Website www.farmersnational.com/chs.