1640 Marcy Avenue, Lansing, MI 48917

Property is being sold in an "as is" condition, and the condition is unknown and may include defects, possible health or safety hazards, or debris, or be located in a Special Flood Hazard Area. Proof of Funds Required. The seller requires that the high bidder be able to demonstrate proof of funds or financing pre-qualification within 24 hours of the auction. Buyer must obtain a "pre-qualification" letter from a lender of their choice. If buyer intends to pay with cash, a bank letter or other financial account statement showing proof of sufficient funds to cover 100% of the purchase price will be required (account numbers should be removed or redacted). Buyer understands and agrees to submit said documentation to auctioneer within 24 hours of the auction. Utilities Disclosure. The utilities to this property are not currently "turned on" and the property has been winterized. Utilities will not be turned prior to closing, regardless of inspections. Buyer will need to consider this and account for it if/when inspecting the property. Buyer is responsible for utility transfer post-closing. Occupied Property Disclosure. Buyer acknowledges and understands that property herein is occupied. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. Occupied Property and Utility Usage Disclosure. Buyer acknowledges and understands that property herein is occupied and utilities have not been disconnected. Buyer accepts responsibility for eviction, lease or rental negotiation, or other remediation, as Buyer finds necessary in order to clarify legal occupancy status. Buyer further shall be responsible for payment of utilities consumed and used by tenants. Any collection or reimbursement of said utility payment s by tenants shall be the sole responsibility of the Buyer. Buyer agrees to hold Seller, Williams & Williams, and its agents harmless from any and all results therein. Buyer is advised to conduct a thorough investigation of the property's utility usage and any associated costs and expenses associated with usage. Well/Septic and Sale Inspections Required. An Eaton County Point of Sale inspection of well and septic may be required prior to transfer of the Property. Buyer understands that said inspection will be ordered and performed prior to closing. Buyer is purchasing the Property as-is, where-is, and Buyer must obtain approval for the transfer of the Property from the environmental health dept., which includes the submission of a corrective action plan, proof of contract with contractor, and demonstration of an escrow account which covers the cost of required repairs at a minimum of 150% of the actual cost of repairs. Buyer assumes responsibility for all inspections, and all cost for any required remediation. Buyer acknowledges Eaton County inspections of well and septic must be completed prior to closing. Buyer should conduct an investigation into cost of compliance with septic and well requirements prior to bidding.