Total Acres 713.60

Tracts 11

Type of Sale Auction

Farm Name Art & Joan Gibbs Farm

Status closed

HLS Number TLB - 12140

Key Features Productive irrigated cropland in large fields, this land will raise seed corn, potatoes, and other specialty crops. Excellent Hunting, Frontage on two lakes and creek, 1,560 sq. ft. ranch-style house built in 1996, plus older barns. 2 building sites available. This farm has it all!

Location Bethel Township, Branch County, MI


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Farm Name Art & Joan Gibbs Farm

Type of Operation Farm

Current Zoning Agricultural

School System Bronson Public Schools

Annual Taxes 2017 taxes were $16,883.03. Paid.

Topography Level To Gently Rolling

Soil Primarily Fox sandy loam, with some Matherton sandy loam, Sebewa loam, and Hillsdale Riddles fine sandy loam. The pasture and non-tillable areas also have some muck soils.

Building Description Tract 1: A 1,560 square foot ranch-style house built in 1996 that has 3 bedrooms, 2 full baths, living room, dining area, mud room with laundry, full basement with exterior stairs, roofed porch, newer LPG furnace with central air, vinyl siding, and a newer roof; An older garage with a shop; Two older a 32'x56' 2-story barn with 3 additions, finished inside for hogs, A 32'x48' 2-story barn, A 32'x60' machine shed; Corn Crib; and several smaller sheds. Tract 5: a 30'x56' older pole barn. Tract 10: An older 30'x56' barn with two additions and an older 24'60' shed.

Property Address 190 S. Snow Prairie Road, Coldwater, MI 49036

Region MI

General Location 3 miles east of Bronson Michigan and 5 miles Southwest of Coldwater, Michigan on Snow Prairie Road and Central Road.

Legal Description located in Sections 4, 9, 10, 15, 16 & 17, Bethel Township, Branch County, State of Michigan

Start Auction Date March 15, 2018

Start Auction Time 6:30 PM ET

Auction Location Dearth Community Center, Branch County Fair : 262 South Sprague Street, Coldwater, MI 49036

Date February 24, 2018

Time 10:00 AM ET - 1:00 PM ET

Date March 01, 2018

Time 3:00 PM ET - 5:00 PM ET

Tillable Acres 567.600

Non-Tillable Acres 13.300

Wooded Acres 100.700

Pasture Acres 23.000

Building Site Acres 9.000

Other Acres Notes Approx. 475 acres of the cropland is presently irrigated the 13.3 acres non-tillable acres is road right-of-way

Terms & Conditions UPDATED INFORMATION - Tract 5: Please note Tract 5 map has been updated – acreage remains the same Tract 5’s irrigation water is currently pumped from Palmitere Lake across Tract 4. If Tract 5 is not bought with Tract 4, Tract 5 will need its own water source. Tract 5 borders Swan Creek, which could provide a water source. Also, Tract 5 will be subject to an irrigation easement for an adjacent parcel to its south. That parcel’s irrigation water is currently pumped from a pond and channel on Tract 5. The irrigation easement’s path crosses approximately 350 feet of Tract 5’s non-tillable land. Tract 6: The electrical power for Tract 6’s irrigator comes from the electrical panel on Tract 11, with the buried wiring crossing the neighbor’s land in between the two tracts. Tract 6 will either need a new electrical line (buyer’s expense), or an agreement with the neighboring land owner to allow the wiring to remain Tracts 9 & 10: Tract 9 will be 62 acres and Tract 10 will be 18 acres Tracts 9 & 11: the rotophase electrical phase converters on Tracts 9 and 11 belong to the tenant, just like the rest of his irrigation equipment and is not included with the sale of the real estate METHOD OF SALE: Halderman Real Estate Services, Inc. (HRES, MI Auct. Lic. #6505264076) will offer this property at public auction on March 15, 2018 at 6:30 PM, 713.6 acres, more or less, will be sold at the Dearth Community Center, Branch County Fair, 262 South Sprague Street, Coldwater MI. This property will be offered in eleven tracts as individual units, in combination or as a whole farm. Each bid shall constitute an offer to purchase and the final bid, if accepted by the Sellers, shall constitute a binding contract between the Buyer(s) and the Sellers. The auctioneer will settle any disputes as to bids and his decision will be final. To place a confidential phone, mail or wire bid, please contact Tom Bosserd at 734-646-7339 at least two days prior to the sale. ACREAGE: The acreages listed in this brochure are estimates taken from the county assessor’s records, FSA records and/or aerial photos. SURVEY: The Sellers reserve the right to determine the need for and type of survey provided. If an existing legal description is adequate for title insurance for the tract, no new survey will be completed. If the existing legal description is not sufficient to obtain title insurance, a survey will be completed, the cost of which will be shared 50/50 by the Sellers and the Buyer(s). The Sellers will choose the type of survey to be completed and warrant that it will be sufficient to provide an owner’s title insurance policy for the tract. If a survey is completed, the purchase price for the surveyed tract will be adjusted, up or down, to the exact surveyed acres. The price per acre will be the auction price bid for the tract, divided by the tract acreage estimated in the auction brochure. FARM INCOME: Buyer will receive all 2018 farm income and thereafter. DOWN PAYMENT: 10% of the accepted bid down on the day of the auction with the balance due at closing. The down payment must be in the form of personal check, cashier’s check, cash or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING. BE SURE YOU HAVE FINANCING ARRANGED, IF NECESSARY, AND ARE CAPABLE OF PAYING CASH AT CLOSING. BUYER’S PREMIUM: A Buyers Premium of 1% will be added to the total of each successful bid. APPROVAL OF BIDS: The Sellers reserve the right to accept or reject any and all bids. All successful bidders must enter into a purchase agreement the day of the auction, immediately following the conclusion of the bidding. Successful bidders must execute purchase agreements on tracts exactly as they have been bid. DEED: The Sellers will provide a Trustee’s Deed at closing. EVIDENCE OF TITLE: The Sellers will provide an Owner’s Title Insurance Policy to the Buyer(s). Each Buyer is responsible for a Lender’s Policy, if needed. If the title is not marketable, then the purchase agreement(s) are null and void prior to the closing, and the Broker will return the Buyer’s earnest money. CLOSING: The closing shall be on or before May 4, 2018. The Sellers have the choice to extend this date if necessary. POSSESSION: Possession of land may be night of auction upon execution of the purchase agreement and farm lease to be used in the event the buyer does not close. REAL ESTATE TAXES: The 2017 taxes were $16,883.03 and have been paid by the seller. Buyers will be responsible for the 2018 real estate taxes and all taxes thereafter. MINERAL RIGHTS: All mineral rights owned by the Sellers will be conveyed to the Buyer(s). PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigation, inquiries and due diligence concerning the property. Further, Sellers disclaim any and all responsibility for bidder’s safety during any physical inspections of the property. No party shall be deemed to be invited to the property by HRES or the Sellers. AGENCY: Halderman Real Estate Services Inc., Russell D. Harmeyer, Auctioneer, and their representatives, are exclusive agents of the Sellers. DISCLAIMER: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the purchase agreement. This information is subject to verification by all parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Sellers or HRES. All sketches and dimensions in this brochure are approximate. ANNOUNCEMENTS MADE BY HRES AND/OR THEIR AUCTIONEER AT THE AUCTION DURING THE TIME OF THE SALE TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIALS OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or HRES. Each prospective bidder is responsible for conducting his/her independent inspections, investigations, inquiries and due diligence concerning the property. Except for any express warranties set forth in the sale documents, Buyer(s) accepts the property “AS IS,” and Buyer(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Sellers and HRES make no warranty or representation, express or implied or arising by operation of law, including any warranty for merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall the Sellers or HRES be liable for any consequential damages. Conduction of the auction and increments of bidding are at the direction and discretion of HRES and/or the auctioneer. The Sellers and HRES reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of HRES and/or the auctioneer are final.