Thornton
Trust
Real
Estate Auction
In
order to settle the estate of the Elmer C. Thornton Living Trust,
the following real estate will be sold by public auction to be held
in the Rochester Colony School/hall located behind the Duplain Church
of Christ, being 3 miles north of St. Johns on US 127
and 5 miles east on Colony Road or 3 miles east of Ovid to Shepardsville
Road, north 3 miles to Colony Road and west 2 mile. Watch for auction
signs.
Wed.
August 18, 2010 7:00pm
Property
Address: 6801 Colony Road , Elsie , MI 48831
Property
Directions: 3 Miles east and 3 Miles north
of Ovid at the intersection of Shephardsville and Colony Roads
Legal
Description: E1/2 of the SE1/4, except a parcel
14 rods north & south by 8 rods east & west in the southeast
corner. Also except commencing 393 feet north of the southeast corner
thereof, thence west 258 feet, thence north 180 feet, thence east
258 feet, thence south 180 feet to POB. Also the S1/8 of the E1/2
of the NE1/2, all in Section 28, T8N-R1W, Duplain Township, Clinton
County Michigan.
Property
Tax Info: Tax Parcel ID No. 060-028-400-005-50
•
Ovid Elsie School District
•
2009 Taxable Value $84,290
•
2009 Assessed Value $257,700
Offering
for Sale : This
89+/- Acre Farmstead is being offered in two parcels as follows:
Parcel
A: Farmstead Buildings
and Improvements on 10 + Acres, featuring:
•
2,333 +/- SF Farmhouse, Large Rooms
•
Three Bedroom, 2 Bath & Appliances
•
Hot Water Heat, LP Fired
•
Electric Water Heater, Softener
•
1 Car Attached Garage
•
70'x36' Red Hip Roof Barn w/50'x46' Addition
•
60'x36' White Hip Roof Barn
•
30'x26' Double Corn Crib Barn
•
32'x20' Granary
Parcel
B: 78 +/- Highly Productive Acres:
•
Predominantly Marlette loan with Metamora-Capac sandy loam, Capac
loam, Boyer sandy loam and Parkhill loam.
•
Mostly Tillable
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 approximation; Purchasers shall rely entirely
on their own information, judgment, and inspection of the property
and record. In the event both parcels are purchased by the same
entity, no land division shall occur. In the event each parcel is
purchased by separate entities, the Seller shall apply for the Land
Division with the local unit of government and upon approval Seller
shall provide a staked survey of Parcel A. All separate parcel sales
shall be contingent upon the approval of the local unit of government
and the Seller reserves the right to make reasonable adjustments
to the proposed boundaries to accommodate creation of the Land Division.
Seller retains all 2010 cropland rent and cropland renter retains
the right to cultivate and harvest 2010 crop. 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. 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: A total of ten percent (10%)
of the bid price is required at the Auction. Cash, cashiers check
or personal checks are accepted for the deposit. This deposit in
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: Thursday July 22 nd & Thursday
July 29 th from 6:00 PM to 7:00 PM . Other times by appointment.
CLOSING
TERMS: Balance of purchase price due at the
closing within 45 days. Estimated 2010 property taxes will be prorated
between the Purchaser and Seller. 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 $250.00 will be divided evenly
between the Purchaser and the Seller. Purchaser shall take possession
of the property at Closing, subject to the rights of the cropland
tenant. Real Estate sells subject to owner's confirmation, within
72 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's 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
at the open for viewing or by calling either Sale Manager, Jeff
Bean , at 517-202-9421 or the Auctioneer, Scott Sykora.
FINANCING:
Prospective Purchasers are invited to contact
Melissa Humphrey with Greenstone Farm Credit Services in St. Johns
for financing consideration at 989-224-9321 or by email to Melissa.Humphrey@greenstonefcs.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
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