LAND AUCTION MONDAY

LAND AUCTION
MONDAY, MARCH 31, 2008, 5:30 P.M.

JERRY BORNEMANN, Proprietor

The following maps are in PDF format

5415 S. State Road, Durand, Michigan 48429
SW of Flint or NE of Lansing via I-69 to Bancroft exit, go west 1 1/2 miles on
Grand River Road to State Road, then 1 mile north;
or 3 miles south of Corunna on State Road, See Map

Information Date - Saturday, March 15, 2008
During Farm Equipment Auction On Site
Or call for appointment Ben P. Glardon, Realtor, 989-277-5760

Approximately 120 Acres Agricultural Land, Zoned A-2
With 2-story farm home, pole barns, outbuildings
Offered in two parcels and in combination

Case Drain on property
Section 16 and 17, Shiawassee Township, Shiawassee County, Corunna Schools

Parcel 1 in Section 16 and Parcel 2 in Section 17
Shiawassee Township, Shiawassee County

PARCEL 1
100+/- Acres With
Home/Buildings
2-story farm house
2 pole barns
1-car detached garage
2-car detached garage
70+/- Acres Tillable
60+/- Acres Tiled (plastic tile)
15+/- Acres Pasture/Home Buildings
12+/- Acres Wood Lot
Appx. 2640' road frontage State Road
Appx. 1320' road frontage Garrison Road
Farm Currently in Hay and Pasture

PARCEL 2
Untiled
Appx. 14 Acres Tillable
660' road frontage State Road

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 of $4,000 for Parcel 1, $1,000 for Parcel 2, $5,000 for combined
Parcels 1 & 2 in the form of cash, money order, or check made payable to
RE/MAX of Owosso. Upon seller's acceptance of offer, earnest deposits are
non-refundable and will be forfeited if buyer fails to consummate this
transaction.
SELLER'S CONFIRMATION OF SALE: Upon executing of Purchase Agreement
(offer) 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.
TITLE/DEED: Seller will provide commitment for owners' title insurance and
guarantee clear, marketable title. Seller will convey title by warranty
deed. All available splits will be conveyed with Parcel 1. Parcel 2 will
be conveyed with zero (0) splits.
REAL ESTATE TAXES: Taxes will not be pro-rated. Buyers' first tax
obligation will be July 2008 tax bill.
METHOD OF SELLING: This property will be offered using the multi parcel
method of selling real estate at auction, allowing buyers the opportunity
to buy what they want to buy, whether individual parcels or combinations of
parcels.
POSSESSION: 30 days possession subject to the following: possession of
home, buildings, and some pasture will be 30 days from closing to allow for
personal property and cattle removal; possession of majority of tillable
land will be at closing.
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.