AUCTION DAY ANNOUNCEMENTS John G. Patton & The Carol Sevedge Estate May 20, 2011 /Major Co., OK • Legal Description: The South Half (S/2) of the Southeast Quarter (SE/4) of Section Thirty-four (34), Township Twenty-one (21) North, Range Ten (10) W.I.M., Major County, Oklahoma. • Personal Property: The tenant is Terry Detrick. His phone number is 580-753-4480. Any livestock, livestock equipment, hay, electric fencing, or farm equipment, is the property of the Tenant and may be removed prior to the time of possession. • Minerals: No minerals are being sold or transferred with the surface and the abstracts shall exclude the mineral documents. Minerals will be offered following the auction of the surface. • Water Rights: This property sells subject to a water rights conveyance to the City of Enid, Oklahoma dated October 4, 1956 recorded in Book 180 of misc. at Page 201 in the office of the Major County, Clerk, a copy of which is attached hereto. • Taxes: The 2010 taxes were approximately $54.67 and have been paid by the Seller. The 2011 taxes will be prorated to the date of closing. • Possession: Possession 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 agrees to purchase title as shown in the attached title insurance commitment, and shall have ten days from the delivery of title insurance commitment to seek legal counsel to review the title insurance commitment if desired, and to furnish additional title objections, if any. Title will transfer by Warranty & Personal Representative’s Deeds. Seller will make available to Buyer and Buyer may purchase an owner’s title insurance policy at closing. Seller shall pay the cost for the initial abstracting, Seller’s title opinion, Commitment for title insurance, gap check and title curative cost, if any. Buyer shall pay any applicable Buyer’s title opinion or attorney’s fees; title insurance premium and final abstracting costs. • Confirmation: This sale is subject to confirmation by the District Court of Major County, Oklahoma. In the event the sale is not so confirmed this agreement shall become null and void, the escrow deposit shall be returned to the Buyer, and neither party shall have any further liability to the other. • Closing: Closing is to be on or by July 19, 2011, in accordance with the attached real estate purchase contract. 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. __________________________________ _________________________________ John G. Patton, SELLER BUYER May 20, 2011 ___________________________________ _________________________________ William J. Sevedge, Personal Representative of the Carol Sevedge Estate, SELLER BUYER May 20, 2011 AUCTION DAY ANNOUNCEMENTS John G. Patton/Carol Sevedge Estate MINERALS May 20, 2011 • Legal Description: Seller appear to own a 5/8 (50 +/- acres) of the minerals in and the South Half (S/2) of the Southeast Quarter (SE/4) of Section Thirty-four (34), Township Twenty-one (21) North, Range Ten (10) W.I.M., Major County, Oklahoma • Current Production: There is currently no production and the minerals appear to be open for lease. • Terms: A 10% down payment will be required at the auction. You may use a personal check. Buyer will have 15 days within which to examine the county records and satisfy himself/herself as to title. Title will transfer by Quit Claim Mineral Deed. • This sale is subject to confirmation by the District Court of Major County, Oklahoma. In the event the sale is not so confirmed this agreement shall become null and void, the escrow deposit shall be returned to the Buyer, and neither party shall have any further liability to the other. • Closing: Closing is to be on or by July 19, 2011. The Closing Agent is Fairview Abstract Company. The 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. ____________________________ _________________________________ John G. Patton, SELLER BUYER May 20, 2011 _____________________________ _________________________________ William J. Sevedge, Personal Representative BUYER May 20, 2011 of the Carol Sevedge Estate, SELLER 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 to Wiggins 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. 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.