Tract 1: 187 Acres

Tract # 1 (Auction Location) Legal Description: SE/4 of Section (19), Township (29) North, Range (9), and approximately the East 27± acres in the SW/4 of (19) Township (29) North, Range (9) W.I.M. Alfalfa County, OK. Taxes: This tract is combined with the SW/4 total taxes are $791.01 Directions: Same as auction location This tract consists of approximately 187± acres of land. There is an older set of improvement consisting of small home (not livable), 40’ x 80 Round top barn with 20’ x 80’ lean too on each side (still very useable), small garage (fair cond.), couple small buildings (poor Cond), granary, electric service, and domestic water well by home. The balance of the land is in good Bermuda grass, native grass, creek, and timber. This tract does have a CRP contract with 63.52 acres in contract with a $38.41 rental rate that started 10-1-2006 and matures 9-30-2016 with an annual payment of $2,439.00. According to the Conservation office this contract can be bought out at closing time for $21,584.41. There is good perimeter fence on east and fair fence on the north. Access is by good county roads. Land Preview: You may view the land on your own during daylight hours. Neither seller nor the Auction Company is responsible in the event you have an accident during preview! Seller has mowed place to drive, please stay on those areas to prevent a fire! Auctioneers Note: This land has been in the Barnard family with some of it being homesteaded. This property is all contiguous and will make a great land package and it could be generations before it might become available again. Be sure to view this property prior to bidding. The property offers excellent hunting for deer, turkey, quail, and pheasant and most of all it offers tremendous water for irrigation. The family had been selling water to drilling rigs from the main irrigation well and did receive $15,000.00 per month for 4 months. They have recently been contacted to provide more water. This is an excellent investment property! Possession: will be given at closing. Survey: If property is sold in individual tracts, seller will provide a boundary survey! Conservation Reserve Program (CRP): Buyers must stay incompliance with the existing CRP contract. Conservation Reserve Contracts are available on our website under the Documents button. www.lippardauctions.com Minerals: Selling surface rights only. Water: All information regarding water is located under the Documents button on our website www.lippardauctions.com Questions regarding the water, please contact the water resource board 405-530-8800 Internet Bidding: will be available by logging on to www.lippardauctions.com at least 48 hours prior to auction date to register. Reception in this area is very difficult! Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side. Terms/Conditions: 10% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company or the seller. Buyers should satisfy themselves as to any inspections prior to bidding on the property. Any announcements made the day of the auction will supersede all advertising.