Habina Estate

Farmland Auction
Thursday, January 19, 2012 @ 6 PM

77.85 Acres - Premium Tiled Farmland

Farm Location: 216 W. Munger Rd, Munger, MI
Auction Location: Munger Volunteer Fireman's Community Center
1625 S. Finnd Rd, Munger, MI
1/2 mile east & 1/8 mile south of farmstead

Parcel No: 090-017-400-110-00
Merritt Township, Bay County, MI

 Legal Description:

w 1/2 of SE 1/4 EXC S. 330 FT. of  W 66 Ft EX 190 FT of 380 FT SEC 17 T 13N R 6 E

 Property Features

■ 77.85 Total Acres/ 72 +/- workable
■ Primarily Londo Tappan Assoc. soils
■ Nicely drained at an estimated 2-rod interval
■ Farm not currently enrolled in PA-116
■ Inspect at leisure

Farmhouse Features

Call Auctioneer for Inspection - (989)928-8092
■ 4 - Bedroom, 1-bath, 2-story farmhouse
■ 40 x 40 block building w/12’ sliding door system & concrete floor
■ Aluminum siding, asphalt shingled roof, Pella high performance windows
■ City water, Rheem natural gas furnace, septic system
■ Situated on nicely treed lot w/asphalt approach in relatively rural area. 
■ This home has good curb appeal and has excellent potential. 
■ January 2012 appraisal on home with 275’ x 215’ lot  @ $76,500. $76,500.

    Terms & Conditions 

■ Property to be sold in its entirety at 77.85 acres (as per Bay County Assessors records) by the acre plus $40,000.00 - Home & lot consideration. Subject to Bay County Probate Court approval.  Bids at the Auctioneers incremental discretion - there is no buyers premium.

 ■ A non-refundable earnest money deposit will be required from successful bidder in the amount of $5,000.00.  Deposit will be retained in the form of liquidated damages if successful bidder is unable to close property sale.  The sale of this property is not contingent on the Buyers ability to obtain financing.

 ■ Seller represents that they are the sole owner of this parcel & will provide Buyer a Warranty Deed.  Property to be sold free & clear of all liens & encumbrances.  Any existing assessment at time of sale are the responsibility of the seller.

 ■ All mineral rights & land divisions available, are to be conveyed to purchaser. All taxes incurred prior to close are the responsibility of the seller. Any tax liability generated after close will be the responsibility of the buyer.

 ■ Purchase agreement to be signed at conclusion of auction along with cash, cashiers check, or personal check, written to Wegner Auctioneers for earnest money deposit in the amount of $5,000.

 ■ Time is of the essence. Time, date & location of closing to be deter-mined at the discretion of Attorney, George Phillips within 45 days. Any additional survey or appraisals desired will be the responsibility of the purchaser. Possessions will be granted to buyer at close, to prepare for 2012 crops.

 ■ Other closing fees related to the sale of property including, but not limited to Deed prep not to exceed $500. to be split equally between Buyer & Seller. If Buyer’s lending institution requires Buyers Title Insurance it is the responsibility of Buyer.

 ■ Property to be sold as is– where-is with no guaranty or warranty of any type, expressed or implied, as to usability for particular purpose.  Consult with Township, County, and State if other uses than cash crop farming or recreational are desired.

 ■ Announcements made on sale date take precedence over printed matte

Wegner Auctioneers LLC
 Terms: Cash or Checks with proper I.D. day of sale. Nothing removed from premises until settled for.  Not responsible for  accidents or items after sale.
Everything sold as is-where is with no warranty said or implied. Auctioneer & staff act as selling agents only & assume no liabilities or guarantees. Announcements on sale day take precedence over printed matter.