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. AUCTION DAY ANNOUNCEMENTS Scott Stewart & Lanette Barnett September 15, 2011/Major County, Oklahoma • Legal Descriptions: Tract #1 (224 +/- acres): NE/4 less and Except two tracts containing 15.48 acres more or less as described in Exhibit “A” in NE/C, & E/2 NW/4 of 19-22-11 W.I.M., Major Co., OK Parcel #1 (20 +/- acres): S/2 SE/4 NE/4 Parcel #2 (20 +/- acres): N/2 SE/4 NE/4 Parcel #3 (25 +/- acres): NE/4 NE/4 Less and Except two tracts containing 15.48 acres more or less as described in Exhibit “A” Parcel #4 (80 +/- acres): W/2 NE/4 Parcel #5 (80 +/- acres): E/2 NW/4 Tract #2 (540 +/- acres): NW/4 Less 10 +/- acres in NE/C, SW/4, & W/2 SE/4, all in Section 24-22-12 W.I.M., Major Co., OK Parcel #1 (310 +/- acres): NW/4 less and except the NW/4 NW/4 NW/4 & SW/4 Parcel #2 (230 +/- acres): NE/4 less 10 +/- acres in NE/C as described in Exhibit "B" & W/2 SE/4 • Personal Property: Any personal property, including but not limited to any livestock, livestock equipment, panels, hay, electric fencing, or farm equipment, is the property of the Seller or Former Tenant and may be removed prior to the time of possession. • F.S.A Information: According to the Major County F.S.A.: Tract #1, Parcel #4: has 72.76 +/- ac. of cropland Tract #1, Parcel #5: has 10.05 +/- ac. of cropland This land is currently does not appear to be enrolled in any F.S.A. programs. • Minerals: No minerals are being sold or transferred with the surface and the abstracts shall exclude the mineral documents. • Taxes: The 2010 ad valorem taxes were approx. as follows and have been paid by the Seller: Tract #1: $556.00 Tract #2: $529.00 The 2011 taxes will be prorated to closing. • Possession of cropland (Tract #1, Parcels #4 & #5): Possession of the cropland will be given upon signing the purchase contract and acceptance of the escrow deposit for the purpose of tilling the soil as is necessary for conserving moisture and for preparing for and for planting a wheat or rye crop. If for any reason this agreement does not close, the Seller shall pay the Buyer the average reported rate as published by the O.S.U. Extension Service for any tilling or planting which Buyer may have done, and Buyer shall immediately relinquish possession to Seller and neither party shall be liable to the other for any further damages. Possession of grass and timber: 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 Deed. 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. • Closing: Closing is to be on or by October 17, 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 per tract or parcel 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 properties; if Buyer desires a survey, it shall be at Buyer’s sole cost. • Order of Auction & Explanation of the Multi-Par Bidding System: (Tract #1): Will be offered in 5 parcels & in its entirety. (Tract #2): Will be offered in 2 parcels & in its entirety. 1) The land will be offered in individual tracts and in combinations of tracts in a multi-parcel auction format. • 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. 2) During the first round of bidding, the land will be offered by the acre with high bidders having their choice of tracts. Following that, the bidding will be by the tract or combination of tracts. 3) Because it can not 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. Note: The auction company expressly reserves the right to re-open the bidding on each property until such time as all bidding has ceased. Confirmation: This sale is subject to confirmation by the Sellers. The Sellers specifically reserve the right to accept or reject any bid or all bids received at the auction. Exhibit “A” LESS AND EXCEPT a tract of land more particularly described as BEGINNING at the Northeast corner of said Section Nineteen, thence 467.0 feet along and following the North Section line bearing N 89º51’37” W to a marked 3/8” spike, thence 510.84 feet bearing S 00º06’05” W to a marked 3/8” spike, thence 467.0 feet bearing S 89º51’37” E to a marked cotton gin spindle, thence 510.84 feet bearing N 00º 06’05” E along and following the East Section line to the point of beginning AND LESS AND EXCEPT a tract of land more particularly described as BEGINNING at a point on the North Section line 467.0 feet West of the Northeast corner bearing N 89º51’37” W, thence 852.72 feet along and following the North Section line bearing N 89º51’37” W, thence 510.84 feet bearing S 00º03’22” W parallel the East Section line, thence 852.32 feet bearing S 89º51’37” E, thence 510.84 feet on an assigned bearing of N 00º06’05” E Parallel the East Section line to the point of beginning Exhibit “B” LESS AND EXCEPT a tract of land more particularly described as follows: BEGINNING at the Northeast Corner of the Northeast Quarter, thence West along the North line of said Quarter section a distance of 660 feet to a point, thence South and parallel to the East line of said Quarter section a distance of 660 feet to a point, thence East and parallel to the North line of said Quarter section a distance of 660 feet to a point on the East line of said Quarter section, thence North on the East line of said Quarter section 660 feet to the point of beginning