Part of Block A L-1800153-18 SEALED BID SALE 277.09+/- Acres Ottawa County, Michigan SEALED BID DEADLINE: Friday, June 15 by 1:00 PM EDT Contact Agents for Additional Details! Property Location: North of Zeeland, Michigan, two and a half miles, then east one to four miles depending on the tract. Property Description: Highly Productive Soils, Easy Access, Wide open and easy to farm with larger equipment, mostly tillable acres. Block A on FNC Website www.farmersnational.com/chs. Steve Herr, AFM, Agent Lapeer, Michigan Office: (810) 664-4182 Cell: (810) 569-5638 SHerr@FarmersNational.com www.farmersnational.com/steveherr 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 Lake Management Forest Resource Management National Hunting Leases FNC Ag Stock
Summary Page 277.09+/- Total Acres Blendon and Zeeland Townships Ottawa County, Michigan Tract 1 132.73± total acres 125.48± tillable acres Tract 2 57.27± total acres 54.16± tillable acres 1,496± sq ft home 960± sq ft horse barn Tract 3 46.95± total acres 45.12± tillable acres Tract 4 40.14± total acres 36.84± tillable acres 1,613± sq ft home 2,880± sq ft barn 840± sq ft shed Property Location Map
Tract 1 132.73± Total Acres 125.48± Tillable Acres Blendon Township Ottawa County, Michigan Parcel ID Numbers 70-13-31-300-012 70-13-31-400-003 Farm Data Cropland Other Total 124.48 acres 7.25 acres 132.73 acres FSA Information (F2636 T2485): 2485 Base Yield Corn 17.70 acres 170 bushels Taxes: $4,540 or $49 per acre
Tract 2 57.27± Total Acres 54.16± Tillable Acres Blendon Township Ottawa County, Michigan Parcel ID Numbers 70-13-34-100-033 70-13-34-100-037 Farm Data Cropland Other Total 54.16 acres 3.11 acres 57.27 acres FSA Information (F6683 T5302 F2485 T2909): 5302 Base Yield Corn 25.63 acres 150 bushels 2909 Base Yield Corn 12.10 acres 143 bushels Taxes: $885 or $32.77 per acre Improvements: 1,496± sq ft home Three bedrooms, two baths Remodeled in 2010 Current rent $1,000 per month 960± sq ft horse barn
Tract 3 46.95± Total Acres 45.12± Tillable Acres Zeeland Township Ottawa County, Michigan Parcel ID Numbers 70-17-04-100-008 Farm Data Cropland Other Total 45.12 acres 1.83 acres 46.95 acres FSA Information (F3468 T2924): 2924 Base Yield Corn 21.59 acres 170 bushels Taxes: $1,258 or $26.78 per acre
Tract 4 40.14± Total Acres 36.84± Tillable Acres Blendon Township Ottawa County, Michigan Parcel ID Numbers 70-13-33-400-003 Farm Data Cropland Other Total 36.84 acres 3.30 acres 40.14 acres FSA Information (F2209 T2906): 2906 Base Yield Corn 15.70 acres 170 bushels Taxes: $3,395 or $84.65 per acre Improvements: 1,613± sq ft home Three bedrooms, one bath Detached garage Current rent $525 per month 2,880± sq ft barn 840± sq ft shed
Property for Sale by Bids L-1800153-18, 277.09+/- Acres, Ottawa 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, June 15, 2018. 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 reserves the right to reject any and all bids, and modify bidding requirements at their discretion. 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 30 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 paid in 2019 will be prorated based on the same calculation as the crop lease revenue and settled at the closing. Minerals All mineral interest owned by the seller, will be conveyed to the buyer(s). Irrigation Equipment Seller does not guarantee unencumbered title to irrigation equipment. Irrigation systems, if any exist on the property, are NOT guaranteed to be free and clear of any and all title encumbrances per the seller. Buyer agrees property is being sold with this understanding. Crop Lease 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 records, and leases. 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 seller when legal descriptions do not clearly define the tract(s). The buyer takes 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, AFM, Agent Farmers National Company 411 West Nepessing Lapeer, MI 48446 Email: SHerr@FarmersNational.com Telephone: (810) 664-4182
Bid Form Part of Block A L-1800153-18, 277.09+/- Acres, Ottawa County, Michigan I/we hereby offer the following amount(s) for the tracts listed below: Whole Farm: 277.09 acres Bid amount $ Tract 1: 132.73 acres Bid amount $ Tract 2: 57.27 acres Bid amount $ Tract 3: 46.95 acres Bid amount $ Tract 4: 40.14 acres Bid amount $ Bid is total price NOT per acre. I acknowledge there will not be an oral bidding and agree to sign a purchase agreement and deposit 10% earnest money on the date of sale if I am the successful bidder. Signature Date Print name Address City State ZIP code Telephone number Cell phone number Email Return no later than 1:00 PM (EDT), Friday, June 15th, 2018, to: Steve Herr Farmers National Company 411 W Nepessing St Lapeer, MI 48446 SHerr@Farmersnational.com Telephone: (810) 569-5638