LAND AUCTION
THURSDAY, DECEMBER 18, 2008 7:00 p.m. 

ROBERT AND LOIS FREED, PROPRIETORS


APPROXIMATELY 68 ACRES VACANT LAND
OFFERED IN THREE PARCELS AND/OR IN COMBINATIONS
CHURCH AND MORRICE ROADS
SECTION 1, PERRY TOWNSHIP, SHIAWASSEE COUNTY
MORRICE, MICHIGAN

Auction Date December 18, 2008, 7:00 p.m.
to be held off site at Perry Township Hall
2770 W. Ellsworth Road, Perry, Michigan 48872
Take I-69 NE of Lansing or SW of Flint to Perry M-52 Exit #105
Go south on M-52 1 ½ miles to Ellsworth Road, then east

Information Date December 1, 2008, Noon -1:30 p.m.
to be held on site at Church and Morrice Roads,  Shiawassee County,
Morrice, Michigan
Take I-69 NE of Lansing or SW of Flint to Perry M-52 Exit #105
Go south short distance to Lansing Road at traffic signal
Go east on Lansing Road 2 miles to Morrice Road, then north
Property is available for inspection any time

68 ACRES VACANT LAND
OFFERED IN THREE PARCELS
AND IN COMBINATIONS


Parcel 1
Appx. 4.8 acres, 350'Wx600'D
350' on Church Road

Parcel 2
Appx. 3.4 acres, 250'Wx600'D
250' on Church Road

Parcel 3
Appx. 60 acres includes appx. 48 acres tillable
Appx. 500'+/- frontage on Morrice Road and two 100' points on Church Road
Appx. 2500'+/- along I-69
Small amount of land in this description lies north of I-69

Terms and Conditions of Sale

EARNEST DEPOSIT: Successful, high bidder(s) are required to execute a
Purchase Agreement upon conclusion of auction, along with an earnest money
deposit ($500 for Parcel 1, $500 for Parcel 2, $3,000 for Parcel 3, and
$4,000 for combination of Parcels 1, 2, and 3) in the form of cash, money
order, or check made payable to RE/MAX of Owosso.  Upon seller's
confirmation of sale, earnest deposits are non-refundable and will be
forfeited if buyer fails to consummate this transition.
SELLER'S CONFIRMATION OF SALE:  Upon executing of Purchase Agreement(s) by
successful bidder(s), offer(s) will be submitted to seller for
confirmation.  Seller will have the right to accept or reject any and all
offers.  All bids (offers) made are subject to approval by United States
Bankruptcy Court and Robert and Lois Freed.
TITLE/DEED: Seller will provide commitment for owners' title insurance and
guarantee clear, marketable title.  Seller will convey title by warranty
deed.
REAL ESTATE TAXES: Taxes will be pro-rated as if paid in advance from date
of closing.
POSSESSION:  At closing subject to sellers' rights to harvest any standing
crop, if any.
METHOD OF SELLING:  This property will be offered using the multi parcel
method of selling real estate at auction, allowing buyers the opportunity
to bid on what they want, whether individual parcels and/or combinations
of parcels.
PROPERTY:  This property will be conveyed as it is currently zoned.

ANNOUNCEMENTS:  Announcements made by auctioneer at time of sale will take
precedence over printed matter and/or verbal statements.  Information in
this brochure and other printed materials has been obtained from source
deemed reliable, but RE/MAX of Owosso and/or Glardon Auction Service,
Inc., makes no guarantees as to its accuracy.