Auction Information

4/1 Auction: 560 Acres of Land with 826 Acres of Minerals

5815 KL Drive, Enid, OK

Start Date: 04/01/2016, 10:00 AM

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4/1 Auction: 560 Acres of Land with 826 Acres of Minerals

Land Sells at 10:00 a.m.

Farm #1 (80 Acres): W Purdue & 132 Hwy Carrier OK

F.S.A. Information: 75.81 acres of cropland with a 75.3 acre wheat base and 44 bushels per acre PLC yield.

Principle Soil Types of Cropland: Pond Creek silt loam, Class I.

Legal: N/2 NW/4 36-23-8, Garfield Co., OK.

Farm #2 (80 Acres): Stabe Rd & Southgate Rd Lahoma OK

F.S.A. Information: 74.57 acres of cropland; this tract is in an F.S.A. unit which has 328.47 acres of cropland with a 317.2 acre wheat base; 44 bushels per acre PLC yield.

Principle Soil Types of Cropland: Port silt loam & Grant silt loam, both Class II; Grant silt loam, Class III; Drummond soils, Class IV; with a smaller amount of Grainola, Ashport & Grant soils, Class VI.

Improvements: Some fencing.

Legal: S/2 SE/4 20-22-8, Garfield Co., OK.

Farm #3 (240 Acres): W Rupe & N2750 Rd Lahoma OK

F.S.A. Information: 209.1 acres of cropland (with the b...

F.S.A. Information: 209.1 acres of cropland (with the balance in grass), with 205.2 acre wheat base and 44 bushels per acre PLC yield.

Principle Soil Types of Cropland: Pond Creek silt loam, Class I; Grant silt loam, Classes II & III.

Improvements: Perimeter fence, pasture fence, well, windmill & pond.

Legal: SE/4 & E/2 SW/4 13-22-9, Major Co., OK.

Farm #4 (160 Acres): E410 Rd & N 2740 Rd Lahoma OK

F.S.A. Information: 130.01 acres of cropland (with the balance in timber-lined Turkey Creek), with a 130.0 acre wheat base and 44 bushels per acre PLC yield.

Principle Soil Types of Cropland: Pond Creek silt loam, Class I; Port silt loam & Grant silt loam, Class II; and Grant Nash complex, Class IV. Access to that part east of Turkey Creek is from County Road NS 275, west on County Road 41, then follow access road to the right.

Legal: SW/4 36-23-9, Major Co., OK.

Preview on your own during daylight hours at your own risk.

Possession and Crops: Possession of the wheat land will be given upon completion of the harvest of the presently growing wheat crop or July 1, 2016 or transfer of title, whichever is later. No wheat crop is being sold or transferred. Possession of the pasture and Alfalfa land is to be given upon transfer of title or August 1, 2016, whichever is later.

Taxes: Are to be prorated to closing.

Terms for Land: 10% down day of auction, with the balance due upon delivery of marketable title.

Minerals Sells Immediately After the Land (More Mineral Info to come)

Mineral Tract #1a (Farm #1): N/2 NW/4 36-23-8, Garfield Co., OK. 100% Interest, 79.95 Net Acres

Mineral Tract #2a (Farm #2): S/2 SE/4 20-22-8, Garfield Co., OK. 100% Interest, 80 Net Acres

Mineral Tract #3a & 3b(Farm #3): 3a SE/4 13-22-9, Major Co., OK. 100% Interest, 160 Net Acres 3b E/2 SW/4 13-22-9, Major Co., OK. 100% Interest, 80 Net Acres

Mineral Tract #4a (Farm #4): SW/4 36-23-9, Major Co., OK. 100% Interest, 160 Net Acres

Mineral Tract #5: SW/4 20-22-8 Garfield County OK 50% Interest, 80 Net Acres Location: From Lahoma, 1 miles south on Stabe Rd.

Mineral Tract #6: NW/4 11-22-8W Garfield County OK 16.666667% Interest, 26.66667 Net Acres Location: From Northwest Livestock Market, mile north

Mineral Tract #7: NE/4 19-22-8 Garfield County OK 100% Interest, 160 Net Acres Location: From Lahoma, 1 mile south on Stabe Rd.

Terms for Minerals: 10% down day of auction. Buyers to have 15 days to examine county records; closing in 30 days. Look on web site for mineral and production searches.

General Statements:

Questions call Perry at 580-541-7942 or Brady at 580-747-2304

Order of Auction: Land and minerals as listed.

All information is taken from sources believed to be reliable; however, no warranties express or implied are being made by the seller nor the auction companies. Buyers should satisfy themselves as to acreages, etc. prior to bidding. Announcements made day of sale take precedence over all advertising.

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