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 I. L. Norris Testamentary Trust
October 13, 2010/Kingfisher, OK
Tract #1: The East Half of the Northeast Quarter (E/2 NE/4) of Section Twenty-three (23), Township Nineteen (19) North, Range Nine (9) W.I.M., Kingfisher County, Oklahoma.
Tract #2: The West Half of the Northeast Quarter (W/2 NE/4) of Section Twenty-three (23), Township Nineteen (19) North, Range Nine (9) W.I.M., Kingfisher County, Oklahoma.
Tract #3: The East Half of the Northwest Quarter (E/2 NW/4) of Section Twenty-three (23), Township Nineteen (19) North, Range Nine (9) W.I.M., Kingfisher County, Oklahoma.
Tract #4: The Southwest Quarter of the Northwest Quarter (SW/4 NW/4) of Section Twenty-three (23), Township Nineteen (19) North, Range Nine (9) W.I.M., Kingfisher County, Oklahoma.
Tract #5: The Northwest Quarter of the Northwest Quarter (NW/4 NW/4) of Section Twenty-three (23), Township Nineteen (19) North, Range Nine (9) W.I.M., Kingfisher County, Oklahoma.
•Personal Property: Any chattel property, including, but not limited to, any livestock, livestock equipment, hay, electric fencing, farm equipment, hunting blinds or 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 Kingfisher County F.S.A. there are approximately 39.3 acres of formerly cultivated land. The land is not enrolled in any F.S.A. program at this time. This information is provided as a courtesy by the Kingfisher County F.S.A. and is subject to change without notice.
•Minerals: No minerals are being sold or transferred and abstracts shall exclude all mineral instruments.
•Taxes: The 2009 taxes were $154.00 for the entirety and were paid by the seller. The 2010 taxes will be prorated to 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 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, title opinion, Commitment for title insurance, gap check and title curative cost, if any. Buyer shall pay any applicable title insurance premium and final abstracting costs.
•Closing: Closing is to be on or by November 15, 2010, in accordance with the attached real estate purchase contract. The Closing Agent is Solomon Abstract Company. The phone number is 405-375-4151. The closing/escrow fee is $250.00 per closing and is to be paid ½ by the Buyer and ½ by the Seller. Closing is to be at the offices of Solomon Abstract Company, 114 E. Miles, Kingfisher, OK, 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, #3, #4 and #5 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.