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REAL ESTATE & PERSONAL PROPERTY AUCTION - 80+/- ACRES OFFERED IN 7 TRACTS IN VAN BUREN COUNTY, MI
Real Estate Tue, Nov 8, 6:00 PM
Personal Property at 9:30 AM
Paw Paw, Michigan - Van Buren County, Michigan

Owner: Don & Lorri Mihelich

Online Bidding is available for this auction. Click here to view the auction catalog, more photos, and bid online.

• REAL ESTATE @ 6PM & PERSONAL PROPERTY @ 9:30AM • Hobby Farm • Lots • PERSONAL PROPERTY @ 9:30AM • Tractors • Harvest Equipment • Hay Equipment • Trucks & Trailers • Combine • Cattle Equipment • Shop Tools • Parts • Late Model Race Cars & Parts • Factory Stock Cars & Parts • Online Bidding Available • **Auctioneer Note: Large Auction! We will be selling 2 Rings. Many items are not listed. Live.

OPEN HOUSE/INSPECTION DATES


Thurs., October 13 from 5:00 - 6:00PM
Wed., October 26 from 2:00 - 3:30PM

PROPERTY LOCATION
53488 42nd St. Paw Paw, MI 49079 (1 mile North of Red Arrow Highway on 42nd St.)

AUCTION LOCATION
Personal Property - on site (53488 42nd St., Paw Pay, MI) Starts at 9:30 (2 Rings)
Real Estate - Van Buren Conference Center, 490 S. Paw Paw St., Lawrence, MI 49064 Real Estate Auction starts at 6:00

TRACT DESCRIPTIONS
Tract 1: 7± ac This wonderful Hobby Farm comes with farm house, Morton 40 x 30 heated shop. Cattle & hay barn for storage. Approx. 2,000 Sq. Ft home. Michigan basement, 4 bedrooms, office, 1 bath. Lp gas forced air. Central AC.

Tract 2: 11± ac All tillable. Approx. 5 acres of grapes. Great corner lot.

Tract 3: 11± ac Mostly tillable. Approx. 2 acres of grapes.

Tract 4: 11± ac Tillable. Currently being used for pasture.

Tract 5: 13± ac This parcel has approx. 9 acres of grapes.

Tract 6: 13.5± ac Approx. 5 acres of grapes. Woods on this parcel. This would be a great location to build a home overlooking the orchard.

Tract 7: 13.5± ac Approx. 5 acres of grapes. Great Location to build a home surrounded by woods to the West & North.


SOIL INFORMATION

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PROCEDURE: The property will be offered in 7 individual tracts or as a total of 80 +/- acres. Bid on individual tracts, any combination of tracts or on the entire property. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The final bid price are subject to the Sellers acceptance or rejection. CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Sellers.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

POSSESSION: Possession on or before closing with tenants rights to 2016 crop.

REAL ESTATE TAXES: Seller shall pay the 2016 taxes, buyers responsible for 2017 and beyond taxes.

APPROVALS: Sale and closing shall be contingent upon approval by Paw Paw Township and the proposed land division and compliance with Public Act 591, as to all parcels sold. All real estate is being sold subject to any existing easements and right-of-ways of record and without grants of further division rights under Public Act 591.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share the survey expense 50:50.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied, concerning the property is made by the Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

PERSONAL PROPERTY TERMS: Cash, check with proper I.D. All announcements made day of sale take precedence over any and all printed material and oral statements made.