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 R. Scott Rinn Revocable Trust January 24, 2012 /Major Co., OK • Legal Description: Lots One (1) and Two (2) and the South Half (S/2) of the Northeast Quarter (NE/4) of Section Three (3), Township Twenty-two (22) North, Range Nine (9) W.I.M., Major County, Oklahoma. • Personal Property: The Tenant is Scott Henneke. His phone number is 580-548-7367. Any chattel property, including, but not limited to the pump and/or pressure system, any livestock, livestock equipment, hay, electric fencing, or farm equipment is the property of the Tennant and may be removed prior to the time of possession. • Crop: None of the 2011-2012 harvested wheat crop nor any F.S.A. payment for same is being sold or transferred. • F.S.A. Information: According to the Major County F.S.A. there are approx. 100.5 acres of cropland with full wheat base, and a 33 bushel per acre yield. NOTE: This information is provided as a courtesy of the Major County F.S.A. and is subject to change without notice. • Soil Types: Principle soil types of the cultivated land are Pond Creek silt loams, Classes I & II, Grant silt loam, Class II, and Grant-Nash complex, Class IV. • Minerals: The minerals in and under the above described will be offered separately from the surface. • Taxes: The 2011 taxes were approximately $330.00 and have been paid by the Seller. The 2012 taxes will be prorated to the date of closing. • Possession: Possession is to be given upon payment in full of the purchase price and transfer of title, subject to the existing agricultural lease which expires after the completion of the harvest of the 2011-2012 wheat crop or July 1, 2012, whichever is later. • 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 Trustee’s 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 February 24, 2012, 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. Outstanding Wildlife/Sm. Grain/Livestock Farm Excellent Hunting * Producing Minerals Meno/Lahoma Area, Major Co., OK Date: Tuesday, January 24, 2012 Time: 10:00 A.M. Location: The Lahoma Community Building, South Stabe Rd., Lahoma, OK Seller: The R. Scott Rinn Revocable Trust Auction Manager: Vicki Wiggins Allen * 580-554-4400 This 160 +/- acres is located from Meno, 2 miles east on US 412 (or from Lahoma, 3 miles west), then 1 ½ miles north. This is an outstanding opportunity to purchase a quarter of land excellently located within 15 minutes of Enid with the perfect combination of productive soils, grass pasture, and a good amount of trees along a portion of a creek (excellent wildlife habitat), scattered trees, & pond development potential. According to the Major County F.S.A. there are approx. 100.5 acres of cropland with full wheat base, and a 33 bushel per acre yield. Principle soil types of the cultivated land are Pond Creek silt loams, Classes I & II, Grant silt loam, Class II, and Grant-Nash complex, Class IV. In addition, there is a water well, windmill, & electricity. Be sure to take a look! Legal Description: NE/4 3-22-9 W.I.M., Major Co., OK Minerals: Will be auctioned immediately after the surface. Sellers appear to own all of the minerals and mineral interest. Current production is from the Rinn #1 completed in July, 1977 as an oil and gas well producing from the Manning and Oswego zones, currently producing gas only. The Seller's royalty interest is .125 and spacing is 160 acres. Seller's gross revenue for 2011 was approximately $1,718.00. The operator is Himco Oil & Gas, Inc. Possession: Possession is to be given upon payment in full of the purchase price and transfer of title, subject to the existing agricultural lease which expires after the completion of the harvest of the 2011-2012 wheat crop or July 1, 2012, whichever is later. Crop: Does not sell. 2011 Taxes: were approx. $318.63. The 2012 taxes will be prorated to the day of closing. Terms: 10% of the purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, crop base, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising. Can’t attend the auction? Log on to www.proxibid.com/wiggins to bid from the comfort of your home or office. Call the auction company at least 2 days prior to the auction to register to bid on-line. Online Bidding by/through Proxibid www.proxibid.com/wiggins 877-505-7770 Wiggins Auctioneers: One Grand Center, 201 N. Grand, Ste 600, Enid, Oklahoma 73701 Phone: (580) 233-3066 or (800) 375-3773 info@wigginsauctioneers.com © Copyright 2007-2008. Wiggins Auctioneers L.L.C. All Rights Reserved.