Waterfront Real Estate

Date: Saturday June 14, 2008
Time: 10:00am CST
Location: Menominee County, MI
Auctioneers: Nellie Beland

Auctioneer's Note

Waterfront acreage located in Menominee County, Upper Michigan on privately owned Osborn Lake! Ten surveyed lots available on Osborn Lake-great for swimming, fishing & canoeing! Four surveyed - lots all with frontage on Shakey River!

Great opportunity to buy some waterfront property! Close to Shakey Lakes County Park, snowmobile trails, public hunting land & more!


Terms & Conditions

REAL ESTATE AT AUCTION
All bidding is open to the public. You or your personal representative must be registered and present to bid.

The WINNING BID IS NOT CONDITIONAL UPON FINANCING, and therefore, this is considered a cash sale. If financing of any kind is required to purchase this property, please be sure that appropriate arrangements have been made prior to the auction.

TERMS AND CONDITIONS
OBTAINING A BIDDING TICKET:
$5,000.00 down payment (earnest money) is required to bid at the auction. Cash, or a cashier’s check made out to you, is acceptable. Business or personal checks are absolutely not permitted. If you are NOT a successful bidder, your deposit will be refunded immediately.

IF YOU ARE A SUCCESSFUL BIDDER:
If you ARE a successful bidder, the cashier’s check will be signed over to the Auction Company and held as a non-refundable earnest money deposit. The successful bidder(s) will have 10 days to deposit an additional amount to equal 10% of the sale price, which will be held by in the Superior Auction & Appraisal, LLC Trust Account, as additional non-refundable earnest money.

BUYER’S FEE:
A 10% Buyer’s Fee will be added to the Bid price to equal the Final Selling Price.


RESERVE:
The Seller reserves the right to accept or reject any or all bids. This Real Estate is being offered with reserve.

CLOSING:
Closing will be within 30 days. Seller provides Title Insurance and Warranty deed. Real Estate taxes will be prorated at closing.

INSPECTION AND DUE DILIGENCE:
Your bidding at this auction is based solely upon your inspection and due diligence. All Real Estate and improvements are sold on as “as is, where is” condition without expressed or implied warranties or representations as to fitness for a particular use, physical or environmental condition. Any and all inspections will be at the Buyer’s expense; including but not limited to a survey of the property.


LEINS AND EASEMENTS:
Real Estate will be sold free and clear of all liens and encumbrances. All Real Estate is sold subject to any existing easements, covenants and restrictions, whether or not recorded and to title exceptions set forth in the Title Policy.

Superior Auction & Appraisal LLC’s staff and auctioneers are the Seller’s agents and have a fiduciary duty to the Seller.

ANY ANNOUNCEMENTS MADE BY THE AUCTIONEERS ON DAY OF SALE TAKE PRECEDENCE OVER THIS PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.


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