*All bidding to take place online.
*5% Buyers Premium added to final bid to determine the final selling price. For example, a winning bid of $100,000 shall result in final selling price of $105,000.
*Bidding will open at 8am on August 24th.
*Auction will begin closing at 7pm on August 27th.
*Bids received within the final 4 minutes will extend bidding. Bidding will close when no further bids are accepted in the final 4 minutes, or any extension. This process is called a "soft closing."
*Winning bidder shall produce a non-refundable $5,000 earnest money depost at the immediate conclusion of bidding. Deposit will be charged to winning bidders credit card, unless prior arrangements have been made with LeistAuctioneers. Other arrangements may include meeting with cash, or delivery of bank check to Talon Title prior to August 27. Any unused deposits shall be immediately returned.
*Earnest money deposit is non-refundable and not contingent upon bidder financing.
*Winning bidder shall deliver balance of winning bid to Talon Title within 30 days of auction closing. Be confident of your financing prior to bidding.
*Property shall be conveyed through Quit Claim Deed at closing.
*Seller holds Sheriff's Deed. Copy of deed is available upon request.
*Title Commitment secured by Leist Auctioneers and available for bidder inspection.
*Property selling AS-IS, with all faults. No warranty or guarantee, of any type expressed or implied as to the mechantability, usability, fitness for particular purpose, or any matter whatsoever type or nature.
*All inspections are the responsibility of the bidder. Sale is not contingent upon post auction inspections, environmental reports, surveys, use requirements, or any other matter whatsoever. Make your inspections before bidding.
*All bids are binding. Do not bid if you are unable to meet the terms of this auction.
*Boundaries are approximations. Surveys are responsibility of the bidder.
*No surveys or perk tests were completed by seller.
*Certified appraisal from 2019 is available upon request.
*Property is vacant and available for inspection.
*Opening bid of $60,000 shall commence the auction on August 24, 2020.
*Auction may be canceled or postponed at discretion of seller and/or Leist Auctioneers
*Technology issues that prevent competitive bidding and inhibit results may cause the auction to be restarted, canceled, or postponed at discretion of Leist Auctioneers and in the best interest of the seller.
*All information advertised or stated was derived from sources believed to be correct, but is not guaranteed.
*Buyer represents that a purchase at auction constitutes an exceptional case to Sections 84 and 84a of the Michigan Condominium Act and therefor waives their 9 Day Withdrawal Period.
*Winning bidder must sign Purchase Agreement on August 28, 2020 either in person, or electronically.
*Buyer is responsible for entire Closing Costs as charged by the title company, and any post auction real estate taxes and assessments.
*Bidders are expected to read, and become familiar with entire Terms and Conditions document which will be attached as Lot 1 for this auction.

Online auction of 116.73 acres of vacant land located just east of Onaway in Presque Isle County, MI. Located on County Road 638 just west of Porter Road. Property is now marked with signs and available for buyers to preview. Please enter from the road and do not use the private drive that is adjacent. Entire property is selling for one bid, not by the acre. Land has not been farmed in a couple of years. Had hay and corn crops in the past. Seller is Farm Credit Services.