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Missaukee County Land Auction
Date & Time: January 24, 2018 2:00 PM
Location: The properties are located at Merritt, MI. All properties are located within 5 miles of Merritt. Property is located in Butterfield, Enterprise and West Branch Township.
Highlights: BIDDING IS OPEN NOW. YOU CAN PLACE YOUR BIDS ANYTIME WITH THE AUCTION CLOSING AT 2:00 PM ON JANUARY 24th! An opportunity to purchase unique property in northern Michigan. Parcel sizes range from 10 acres to 120 acres. The majority of the offering consists of highly productive crop ground. Also included is a 60 X 200 multi purpose steel building with living quarters, improved pasture, hunting land, buildings and 74 acres of pristine property on the Muskegon river with year around home, large pole building and stocked pond.
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Categories: Catalog - VIEW ITEMS AND BID (10) - PHOTOS ONLY (9) - REAL ESTATE (10)
Notes: BIDDING IS OPEN NOW!! REGISTER AND BID BEFORE LAST MINUTE. DON'T WAIT UNTIL LAST MINUTE. THE AUCTION CLOSES AT 2;00 PM WECNESDAY, JANUARY 24. PARCEL 1 CLOSES AT 2;00 PM WITH THE BALANCE OF THE PARCELS CLOSING EVERY 5 MINUTES THROUGH THE END.
Terms: EARNEST MONEY DEPOSITS Successful bidder must deposit an Earnest Money Deposit in the amount of $10,000.00 for parcels 1,2,3,4,7, 9 and 10 and/or $5000.00 for parcels 5,6 and 8 within 48 hours of the conclusion of the auction. Earnest Money Deposits are non-refundable and will be forefeited if Buyer does not consumate the transaction.

BUYER DEFAULT In the event the successful Bidder does not execute and return the Purchase Agreement with Earnest Money Deposit within 48 hours of the conclusion of bidding said Bidder will be considered in DEFAULT and may be liable for any/all costs incurred by the Seller and/or Spaul-Ding Associates, LLC for the subsequent resale of the property.

CONFIRMATION OF SALES Successful bidders are required to execute a Purchase Agreement upon conclusion of the auction. The Seller reserves the right to accept/reject any and all offers in its sole discretion. Sellers will make such determination within 24 hours of the conclusion of the auction.

CLOSING The balance of the purchase price is due at closing. Closings will take place on or before February 28, 2018. All financing costs will be the Purchaser’s responsibility. Any title company closing fees will be shared equally between Purchaser and Seller.

EVIDENCE OF MARKETABLE TITLE / DEED An Owner's Policy of Title Insurance in the amount of the purchase price will provide evidence of marketable title subject to easements and restrictions of record. The cost of the Owner’s Policy will be shared equally between Seller and Purchaser. Sellers are responsible for all State/County Transfer Taxes. Seller will convey title by Warranty Deed containing the following language: “The grantor grants to the grantee the right to make **** divisions under section 108 of the land division act, Public Act 288 of 1967 & Public Act 87 of 1997” and “This property may be located within the vicinity of farmland or a farm operation. Generally accepted agricultural and management practices which may generate noise, dust, odors, and other associated conditions may be used and are protected by the Michigan Right to Farm Act”.
**** The number of divisions will be determined prior to auction and are subject to County/Township approval.

REAL ESTATE TAXES Real Estate Taxes will be pro-rated to date of closing.

MINERAL RIGHTS Seller will convey 100% of all oil, gas and sub-surface mineral rights owned by the seller. Seller does not warrant or guarantee said ownership.

SURVEYS/LEGAL DESCRIPTIONS No survey has been completed for the parcel being offered.. All acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any maps used in the flyer and/or advertising materials to show boundaries are not a guarantee of exact lines. They are merely being used to assist prospective purchasers in locating the parcels being offered. All parcels are being sold in their entirety (not by the acre). No adjustments will be made in the purchase price if an actual survey reveals acreage different than estimated in any pre-sale information and/or advertising materials. Any survey the Purchaser requires will be at the Purchasers expense.

PERSONAL PROPERTY There is no personal property included in this sale. Personal property includes, but is not limited to farm machinery, livestock, round bales, hunting blinds, any items stored in the buildings, and household furnishings.

POSSESSION Possession will be on the date of closing.

FARMLAND DEVELOPMENT RIGHTS AGREEMENT(S) PA 116 Parcels 2,3,4,7,8,9 and 10 are currently enrolled in PA 116 through 12/31/2022. The Purchaser agrees to have any/all PA 116 contracts transferred to the Purchaser. Purchaser is assuming all liability and responsibility resulting from the PA 116 enrollment.

CONDITION OF PROPERTY The property is being sold in “As Is-Where Is” condition with no expressed or implied warranty of any kind. The Seller and/or Spaul-Ding Associates, LLC assume that all Purchasers have inspected the condition of the property, its title, and rely on their own conclusions thereto when bidding on the property.

TIMED EVENT This Online Only Real Estate Auction is a timed event and has an auto-extend feature. Any bid placed within 5 minutes of the auction ending time will automatically extend the auction 5 minutes from when the bid is placed. The auto-extend remains active until no bids are received within the 5 minute time frame.

ANNOUNCEMENTS made by Spaul-Ding Associates, LLC prior to the close of the auction will take precedence over printed and/or verbal statements. Information in any/all ao the printed materials has been obtained from sources deemed reliable, however the Seller and/or Spaul-Ding Associates, LLC make no guarantees as to its accuracy.

AGENCY DISCLOSURE Spaul-Ding Associates, LLC its agents, employees and/or representatives are Exclusive Agents of the Seller.

AUCTION PREMIUM A 5% auction premium will be added to the final bid and will become part of the total purchase price.

Directions: MERRITT IS LOCATED MIDWAY BETWEEN HOUGHTON LAKE AND LAKE CITY ON M-55. AUCTION REPRESENTATIVES WILL BE ON SITE FOR THE PROPERTY INSPECTIONS AT PARCEL 1, 1433 N. STAR CITY ROAD. (2 miles west and 1 1/2 miles north of Merritt)
Contact: Spaulding Asssociates LLC
121 N. Main St.
Bellevue MI 49021
Phone: (269) 763-9494
Fax: (269) 763-9495
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