Hinson Trust Farm/Recreational Land AUCTION
144.8 +/- Acres, Section 29, Mills Township, Midladn County  MI
By order of the Midland County Probate Court Judge, the following described parcel of land held in the Edward Hinson Trust No.1 will be offered in 2-parcels at public auction located at
2661 E. Shaffer Rd, Midland, MI
From US-10 @ Eastman Rd, go north approx. 7-miles to Shaffer, then west 3/4-mile.
​Or, from M-30 @ Shaffer Rd near Hope, go east approx. 4-miles.
Thursday, August 25, 2016 at 6 PM
Food & refreshments served @ 5 PM auction day. Inspection & absentee bidding available through auctioneer.
Contact the auctioneer with questions (989)928-8092

Parcel Highlights:
* Parcel no. 130-029-300-011-00 Midland County

*  144.8+/- total acres of which approximately  48-acres
    are tillable

*  Custom built 1300 sq ft, full log cabin home complete
    with good quality mechanical systems & home appliances

*  Approximately 92-acres of good hunting and/or
    recreational land with lots of deer and nice oak trees

*  Modern 40x64’ pole barn complete with concrete floor,
   4-door systems, insulated & heated

*  30x40 storage/livestock barn w/lean to
​
*  Quiet relatively rural location only a few miles from
    downtown Midland, US-10 & M-30, with 1320’ of
    Shaffer Rd frontage. City water at road
 
Procedures & Terms:
* To be offered in live auction format at aforementioned
   time, date & location on the farm

* To be offered in two separate parcels A & B

* Parcel A consist of approx. 140+/- acres of vacant farm &
   recreational land and will be offered first by the acre,
   (140) times  the  high bid

* Parcel B consist of the log home,  large pole barn & utility
   barn situated on approx. 5-acres, will be offered as      
   described in its entirety

* Parcel C will be offered as a combination of A & B if a
  predetermined reasonable bid increase is offered, at the
  auctioneer’s discretion. A survey will be preformed by
  seller’s agent if parcels are sold separately

* An earnest money deposit in the amount of $10,000 per
   parcel in the form of cash, cashiers check, or pre-approved
   personal check will be required at the conclusion of the
   auction from the high bidders. Deposits & closing
   procedures are to be held at Land Title & Abstract 612
  Adams, Bay City, MI. Deposits are non-refundable if high
  bidders fail to close transaction & will be retained by sellers
   in the form of liquidated damages. Make financial
   arrangements prior to the auction.

* Closing within 45-days or additional time if required by seller. Sale is NOT contingent on ability to obtain financing.

* Purchase agreements are to be completed auction day.

* Bids are subject to probate court approval with current
   acceptability rate in excess of 95%.

* Possession of property available immediately upon closing
​   on each parcel

* Seller to provide owners policy of title insurance in amount
  of selling price & survey if parcel is split

* Taxes to be prorated to date of closing in accordance with
   Mills Township standard practices

* Parcel is sold with all mineral rights currently held by
  sellers & is offered in an as-is condition with all faults
  evident or otherwise

* Contact Auctioneers for information, inspection, or
   bidder’s packet
Auctioneers Note: Inspection & absentee bidding available through auctioneer, don’t miss the opportunity to purchase this large tract of diverse multidimensional land and/or custom log home at your price.  Terms: Cash or checks with proper I.D. day of sale. Nothing removed from premises until settled for. Everything sold as is-where is with no warranty said or implied.
Auctioneer & staff act as selling agents only & assume no liabilities or guarantees.