Sale Terms & Conditions

Procedure: ONLINE ONLY, Tracts 1 through 4 will be offered in individual tracts, in any combination of these tracts, or as a total package. There will be open bidding on all tracts and combinations during the auctions as determined by the auction program. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price.

Proof of Funds: Bidding is not conditional upon financing. Potential bidders must provide proof of funds satisfactory to Rosegold Realty, LLC prior to being approved to bid in this auction and have all financing in place prior to the auction.

Down Payment: 10% of the total contract purchase price will be due as a down payment within 24 Hours of the auction close, with the balance due at closing. The down payment may be made in the form of cashiers check or wire transfer made payable to Community First Title Agency

Approval of Bid Prices: All successful bidders will be required to enter into purchase agreements immediately following the close of the auction. Rosegold Realty, LLC will email you the purchase agreement to e sign, the down payment is due the following day by 12:00 PM ET. The auction bids and purchase agreements are subject to the acceptance or rejection by the Seller.

Deed: Seller shall be obligated only to convey a merchantable title by Warranty Deed.

Evidence of Title: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. Seller to provide owners title policy, the buyer(s) is responsible for the lender title insurance policy. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold AS-IS.

Closing: The closing shall take place at Community First Title Agency Bad Axe, MI on or before 60 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

Possession: Possession shall be at closing, subject to rights of current tenants. All crops from the 2022 crop year will be the property of the seller. In lieu of rent, the seller will pay all 2022 property taxes.

Real Estate Taxes: Real Estate taxes will be paid for 2022 by the Seller.

Minerals: The sale of the Property will include the minerals currently owned by Seller (if any). However, no promise, warranty or representation will be made as to the existence or value of any minerals or the nature or extent of Sellers interest there in.

Acreage and Tracts: All acreages, dimensions and square footages are approximate and have been estimated based on current legal descriptions, property tax records and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

Michigan Sugar Shares: It is to be clearly understood that each tract sells with a specific acreage amount of Michigan Sugar shares

Easements: The sale of the property is subject to any and all easements of record

Agency: Rosegold Realty, LLC and their representatives are exclusive agents of the Seller.

Disclaimer and Absence of Warranties: All information contained in this sale catalog and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or Rosegold Realty, LLC. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this sale catalog is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or Rosegold Realty, LLC. The Seller and Selling Agents reserve the right to not allow a person to bid if there is any question as to the persons credentials, fitness, etc. All decisions of Rosegold Realty, LLC are final. Rosegold Realty, LLC is not responsible for computer malfunction or system errors which cause a bid or bidder to fail to be recognized or registered.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER VERBAL STATEMENTS MADE.

CORRECTIONS AND CHANGES: Please call or check www.rosegoldrealtyllc.com prior to auction time to inspect any changes or additions to the property information.

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