Internet bidders will need to register with the auction company 2 or more days prior to the auction event. Wiggins Auctioneers require a bank letter of guarantee and the contact information for the registering bidders financial institution. Bank Letter of Guarantee can be faxed toWiggins Auctioneers, LLC at 580-237-4915.
Specific requirements can be waived for individuals that are already established customers with Wiggins Auctioneers L.L.C., by contacting the auction company. Neither the auction company nor the seller(s) are responsible for loss of internet signal.
AUCTION DAY ANNOUNCEMENTS
The Harold Hamm Trust
October 7, 2010 /Major Co., OK
Tract #1: The Northwest Quarter of the Southwest Quarter (NW/4 SW/4) of Section Eleven (11), Township Twenty-two (22) North, Range Twelve (12) W.I.M., Major County, Oklahoma.
Tract #2: The Northwest Quarter (NW/4) of Section Eleven (11), Township Twenty-two (22) North, Range Twelve (12) W.I.M., Major County, Oklahoma.
Tract #3: All that land lying West of the Watonga and Northwestern Railroad right-of-way in the Northeast Quarter (NE/4) of Section Eleven (11), Township Twenty-two (22) North, Range Twelve (12) W.I.M., Major County, Oklahoma containing 90 acres more or less.
•Personal Property: The two tower blinds, sell with Tract #3. Any other chattel property, including, but not limited to, any livestock, livestock equipment, hay, electric fencing, farm equipment, or hunting blinds and equipment is the property of the Seller and may be removed prior to the time of possession.
•Minerals: No minerals are being sold or transferred and the abstracts shall exclude the mineral documents.
•Water Rights: This property sells subject to a conveyance of water rights to the City of Enid, Oklahoma, a copy of which is attached hereto.
•Easement for Access: In the event Tracts #1 and #2 sell separately, there will be an easement along the west side of Tract #2 providing ingress and egress for Tract #1.
•Taxes: The 2009 taxes for Tract #1 were approximately $34.00 and for Tracts #2 & #3 were approximately $289.00 and each has been paid by the Seller. The 2010 taxes will be prorated to the date of closing.
•Possession: Possession of each tract will be given upon payment in full of the purchase price and transfer of title.
•Terms: A 10% down payment will be required at the auction. You may use a personal check. Buyer will have fifteen (15) days after receiving the abstract within which to have an attorney or his/her choice to examine title. Title will transfer by Trustee’s Deed.
•Closing: Closing is to be on or by November 8, 2010, or within ten (10) days after all title requirements, if any, are met, or within ten (10) days after Buyer passes title without requirements, or fails to make requirements within the time allowed. The Closing Agent is Lala Young of Fairview Abstract Company. Her phone number is 580-227-4524. The closing/escrow fee is $300.00 and is to be paid ½ by the Buyer and ½ by the Seller. Closing is to be at the offices of Fairview Abstract Company, 116 E. Broadway, Fairview, OK 73737, unless parties agree to another place of closing.
•Survey: Seller is not obligated to furnish Buyer a survey of the subject property; if Buyer desires a survey, it shall be at Buyer’s sole cost.
•Order of Auction:
1) The land will be offered in individual tracts and in combinations of tracts in a multi-parcel auction format.
2)Explanation of the Multi-Par Bidding System:
•This is the fairest way to sell property because everyone will have the opportunity to bid on the parcel or combination of parcels they want and may increase their bids all the way to the end of the auction.
•The system will show which bidders are in a winning position throughout the auction.
•Bidders will have the opportunity to bid on individual parcels or combinations of parcels at any time before the auction ends.
•Bidders who want to buy a collection of parcels that must remain together, such as contiguous parcels, should not bid on those parcels separately; rather, you should create and bid on them as a combination. Bidding on them separately may cause you to be left with outlying parcels while losing other parcels to other bidders.
•All parcels and combinations of parcels may be bid on by any bidder in the room at any time prior to the end of the auction.
•Nobody will know who has won and who has lost until the auction is over because additional bids will be accepted on all parcels and combinations of parcels until the auction ends. Therefore, just because your parcel or combination of parcels, are not currently in a winning position, please do not leave the auction until it is over. An incoming bid late in the auction may bring you back into a winning position.
3) During the first round of bidding, Tracts #1, #2 and #3 will be by the acre with high bidders having their choice of tracts. Following that, all bidding will continue by the tract or combination of tracts.
4) Because it cannot be determined who the final high bidders will be until such time as the bidding is closed, anyone who is or was a high bidder on any tract at any time during the auction is required to remain at the auction until the bidding is closed.
A 10% down payment will be required from any winning bidder, immediately following the auction event. These funds shall be wire transferred to Wiggins Auctioneers Trust Account at the Central National Bank and Trust Company in Enid, OK. Specific routing numbers and details will be given to the winning bidder immediately following the auction event. A 1% buyers premium will be added to the high bid to establish the total purchase price. Buyer shall provide the balance of the full purchase price and Seller shall provide merchantable title to the Buyer at the time of closing, within approximately 30 days, according to the Terms and Conditions of the purchase contract.
Any information contained in this site is subject to the terms and conditions of the PURCHASE CONTRACT. Contact the Auction Company for a copy of the purchase contract prior to auction. Any announcements made the day of the auction supersede all previous advertising Potential Buyers are encouraged to inspect the property prior to the auction, and to contact Wiggins Auctioneers with any questions related to the auction. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or it's employers. It is the buyers responsibility to satisfy themselves as to acreages, crop bases, etc.. prior to the day of auction.
This sale is subject to confirmation by the seller. Seller expressly reserves the right to accept or reject any and all bids at the auction.
Order of Auction: The tracts will be offered in the order as listed. The Auctioneer will recognize and announce the final bid on each tract. All final bid prices are subject to the sellers acceptance or rejection at the conclusion of the auction.
This Property is being sold AS IS.