WWW.SYKORAAUCTIONS.COM PRESENTS!

GENESEE CO. FARM LAND AUCTION

10419 Beecher Rd . FLUSHING, MI. 48433

142 AC. PRIME FARM LAND – “KNOWN AS THE RHOADS FARM”

Section 9, T7N-R5E, Clayton Township, Genesee County Michigan.

DUE TO RECENT HEALTH ISSUES, WE ARE OFFERING OUR 142 AC. FAMILY FARM AT PUBLIC AUCTION.

THIS AUCTION WILL BE HELD INDOORS LIVE! SNOW OR SHINE AT THE FORMER VFW HALL ( NOW BELLA BIRCHES CAKERY & BANQUET HALL ) IN FLUSHING, MI. FROM DOWNTOWN FLUSHING, MI. TAKE MCKINLEY RD. 2/3 MILE NORTH TO 606 N. MCKINLEY RD. ON EAST SIDE. NEAR HIGH SCHOOL (GENESEE CO.)

WEDNESDAY FEBRUARY 8 TH , 2012 @ 7:00 PM

AUCTION HELD INSIDE @ BELLA BIRCHES (FORMER FLUSHING VFW POST)

142+/- acres of high yielding soils & 1500 SQ. FT HOME

130+/- acres tiled and tillable ( SELLING AS 1 TRACT !)

AUCTION CO. ON SITE! FOR HOME & LAND INSPECTION ON THE FOLLOWING DATES: SATURDAY JANUARY, 14 TH . 12 NOON TO 1:OO PM AND SAT. JAN. 28 TH . NOON TO 1PM.

FULL LISTING W/ PHOTOS ON WEB SITE www.sykoraauctions.com

Property Location:   142+/- acres located in the Northwest Corner of Section 9, Clayton Township , Genesee County Michigan.

Property Directions:    From the intersection of M-13 and Beecher Roads north of Lennon, MI, take Beecher Road east two miles to farm at the intersection of Beecher Road (south side) and Nichols Road (east side).

Ownership:    Roy and Kathleen Rhoads ( Family owned for over 50 years!)

Property Tax Info:    Tax Parcel ID No. 04-09-100-001

•  Flushing School District

•  2011 Taxable Value $144,357

•  2011 Assessed Value   $266,500

Legal Description:    All that part of the Northwest ¼ lying South and East of the C&S and M Railroad Right of Way, EXCEPT the South 132 feet and ALSO EXCEPT the West 72 feet of the E1/2 of the Northwest ¼, EXCEPT the South 132 feet thereof, Section 9, T7N-R5E, Clayton Township, Genesee County Michigan.

Offering for Sale :    This 142+/- acre land parcel is being offered in its entirety. The farmland is estimated to be 130+/- tillable acres systematically tiled throughout and serviced by a crock discharge system featuring a dedicated electric service and a 3,000 GPM electric pump. The soils are predominantly Conover loams with 0 to 2 percent slopes. A woodlot of 8+/- acres is located in the southeast corner of the farm. Unique to this farm is a 132 foot wide parcel located adjacent to the farms south boundary, being the South 132 feet of the Northwest ¼, owned by Consumers Energy and a 72 foot wide parcel, being the west 72 feet of the East ½ of the Northwest 1/4, also owned by Consumers Electric. Both Consumers properties totaling 6+/- acres have been farmed with the subject real estate. The farm is enrolled in PA-116.

  A residential home is located at the Northwest corner of the farm, being 1568+/- square feet in size and featuring:

•  3 bedrooms

•  10419 Beecher Rd.

•  1 bath, remodeled 1.5 years.

•  Hot Water Natural Gas Fired Boiler, 1.5 years old.

•  Gorgeous Refinished hardwood floors throughout.

•  New Windows, 1.5 years

•  New Softener, 1.5 years

•  New Kitchen Countertop, 1.5 years

•  3 Car unattached Garage

ROY & KATHLEEN RHOADS, OWNERS

FOR ANY INFORMATION CALL SCOTT J. SYKORA, AUCTIONEER/REALTOR 989-386-9694 (OR) JEFF BEAN REALTOR/ PREVIEWPROPERTIES 517-202-9421

THANK YOU FOR YOUR INTEREST IN THIS QUALITY SYKORA AUCTION! SEE YOU THERE WED. FEB. 8, 2012 7PM!

TERMS & CONDITIONS: 1. CASH AT CLOSING (OR) PRE-APPROVED BANK FINANCING 2. DEPOSIT, SUCCESSFUL BIDDER MUST PUT $10,000 DOWN AT END OF AUCTION & SIGN A BUY/SELL AGREEMENT. 3. SELLER'S APPROVAL OF FINAL BIDS IN 48 HRS. (OR ) AT CONCLUSION OF AUCTION. 4. CLOSING WILL TAKE PLACE WITHIN 30 DAYS OF AUCTION. 5. ON SITE INSPECTION AVAILABLE ANYTIME AT BUYERS WILL. 6. POSSESSION WILL TAKE PLACE AT CLOSING. 7. 2012 TAXES WILL BE PRORATED 8. TITLE INSURANCE & WARRANTY DEED WILL BE FURNISHED BY SELLER'S TO THE BUYER'S. 9. ANNOUNCEMENTS MADE BY AUCTION CO. AND IT'S EMPLOYEE'S ON AUCTION DATE TAKE PRECEDENCE OVER PRINTED MATTER/OR ORAL STATEMENTS. 10. BIDDER'S PACKET AVAILABLE UPON REQUEST.

AUCTION TERMS AND CONDITIONS

The terms and conditions of this auction will be governed by the Contract for Sale of Real Estate (here-in called the Purchase Agreement.) The following terms are a summary provided for the convenience of the bidder. A sample purchase agreement is available from the auction company in the bidders packet and should be reviewed prior to the auction. All properties sell “AS IS WHERE IS” with no warranties of any type expressed or implied as to the merchantability, usability, fitness for a particular purpose, or any matter of whatsoever type or nature. Any improvements which must be made are the responsibility of the purchaser. All information advertised or stated was derived from sources believed correct, but is not guaranteed. All property dimensions are only approximations; Purchasers shall rely entirely on their own information, judgment, and inspection of the property and record. In order to bid at the auction, prospective Purchasers will be required to sign a waiver eliminating the opportunity to conduct a risk assessment or inspection for the presence of lead based paint and/or lead paint hazards after the auction, if a residential dwelling exists. Purchasers can inspect prior to the auction. The Real Estate will be sold free and clear of all liens. The Real Estate will be sold subject to any easements and building and use restrictions of record. Any announcement made at the auction site takes precedence over printed material.

DEPOSIT FOR REAL ESTATE:   $10,000 DEPOSIT is required at the Auction. Cash, cashiers check or personal checks are accepted for the deposit. This deposit is NOT refundable if the Purchaser does not carry through with the purchase. Your bidding is not conditional upon financing, so be sure you have arranged financing if needed and are capable of paying cash at the closing. Contact sales manager for assistance in arranging financing options.

OPEN FOR VIEWING:   Viewing of farmland is at will. Residential dwelling will be open for viewingw/ auction co. represenitive on SATURDAY JAN. 14 TH . & 28 TH . FROM NOON TO 1PM.

CLOSING TERMS:    Balance of purchase price will be due at closing which will be scheduled within 45 days. Real estate property taxes shall be prorated. Possession will be given at the closing. Seller shall provide an owner's title insurance policy in the amount of the purchase price. Closing will be held at Title Company. Closing fees of approximately $200.00 will be divided evenly between the Purchaser and the Seller. Real Estate sells subject to owner's confirmation, within 48 hours of auction completion.

BUYERS NOTE:   If you are the successful bidder, you must go to the closing table to sign all Purchase Agreement documents immediately following the conclusion of the Auction. At that time your check will be endorsed as a non-refundable deposit on the Real Estate. Individual purchases are to be considered as singular transactions, NOT contingent on any other purchases or properties on the Auction. That ability to obtain financing is NOT a contingency of the sale. The Auction will be conducted at the sole discretion of the Auctioneer and any bids be recognized at their discretion.

NEW DATA:     New data, corrections, or changes could be made after the printing of this brochure. Please arrive prior to the start of the auction to inspect and consider any new information and changes.

BIDDERS PACKET:   More detailed information will be available by contacting the Sale Manager, Jeff Bean, at 517-202-9421 / jeff@jeffbean.net or the Auctioneer, Scott Sykora, at 989-386-9694 or at www.sykoraauctions.com.

AGENCY DISCLOSURE:   Preview Properties.com and Scott Sykora Auction Service, Inc., its agents, employees and/or representatives are Exclusive Agents of the Seller.

ANNOUNCEMENTS MADE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIAL