AUCTION DAY ANNOUNCEMENTS Edward & Pat Conway May 24, 2011/Noble & Garfield Counties, Oklahoma • Legal Descriptions: Farm #1: The NW/4 of Sec. 22, Twp. 23N, R1 W.I.M., Noble Co., OK, subject to a right-of-way conveyance to the State of Oklahoma for 12.18 acres as recorded in Book 642, Page 262 of the records of Noble Co., OK Farm #2: The NW/4 of Sec. 17, Twp. 23N, R1 W.I.M., Less and Except 6.74 acres more or less previously conveyed. Farm #3: The NE/4 of Sec. 7, Twp. 23N, R1 W.I.M., Noble Co., OK Farm #4: The NE/4 of Sec. 28, Twp. 23N, R2 W.I.M., Noble Co., OK Farm #5: The SE/4 of Sec. 28, Twp. 23N, R2 W.I.M., Noble Co., OK Farm #6: The SW/4 of Sec. 29, Twp. 24N, R3 W.I.M., Garfield Co., OK • Tenants: The tenant is Steve Kroll; his phone number is 580-747-0555; except the tenant of the grass pasture on Farm #3 is Brady Hostetler; his phone number is 580-725-3433. Any livestock, livestock equipment, hay, electric fencing, or farm equipment, is the property of the Tenants and may be removed prior to the time of possession. • Crops: None of the 2011 harvested crops nor any F.S.A. payments for same are being sold or transferred. • F.S.A Information: According to the Noble & Garfield County F.S.A.: Farm #1: has 105.7 +/- ac. of cropland with a full wheat base & a 33 bushel per acre yield Farm #2: has 118.6 +/- ac. of cropland with a full wheat base & a 33 bushel per acre yield Farm #3: has 91 +/- acres of cropland with a full wheat base & a 33 bushel per acre yield Farms #4 & #5: has 269.9 +/- ac. of cropland with a full wheat base & a 33 bushel per acre yield Farm #6: has 130.1 +/- acres of cropland with a full wheat base & a 39 bushel per acre yield This information is provided as a courtesy of the Noble and Garfield County F.S.A. and is subject to change without notice. • 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 and the Red Rock Conservancy taxes were approx. as follows and will be paid by the Seller: Farm #1: $302. 62 & $60.79 Farm #2: $192.53 & $74.88 Farm #3: $174.02 & 46.21 Farm #4: $158.03 (not in the Red Rock Conservancy District) Farm #5: $149.43 (not in the Red Rock Conservancy District) Farm #6: $647.00 & $98.68; The 2011 taxes will be prorated to closing. • Possession: Will be given upon payment in full of the purchase price and transfer of title, subject to the existing agricultural lease which expires on Sept. 30, 2011. • 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. • Special Conditions: The farms sell subject to any taxes or assessments becoming payable by reason of said property being subject to the terms and conditions of the Decree of Incorporation of Conservancy District No. 12 of the Red Rock Creek Drainage Area; Farm #6: Sells specifically subject to an easement recorded in Book 253, Page 96 (For Construction and Impoundment Purposes), a copy of which is attached hereto. • Closing: The closing is to be on or by June 24, 2011 in accordance with the attached real estate purchase contract. The Closing Agent for Farms #1 thru #5 is Powers Abstract Company. Their phone number is 580-336-4068. 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 office of Powers Abstract Company, 635 Delaware, Perry, Oklahoma, unless parties agree to another place of closing; The Closing Agent for Farm #6 is Guarantee Abstract Company. Their phone number is 580-237-5537. 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 Guarantee Abstract Company, 217 W. Broadway, Enid, Oklahoma, 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: Farm #1, #2, #3, & #6 will be offered individually only. Farms #4 & #5 will be offered individually and together. __________________________________ ______________________________________ Patrick H. Conway, SELLER BUYER May 24, 2011 __________________________________ ______________________________________ Edward W. Conway, SELLER BUYER May 24, 2011 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.