Tract #1 and Tract #2, 148.35 +/- Acres!

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AUCTION DAY ANNOUNCEMENTS Tim and Kim Wolfe December 17, 2010 /Major Co., OK •Legal Description: THE SURFACE ONLY of a tract of land situated in the Southeast Quarter (SE/4) of Section Thirty-three (33), Township Twenty-three (23) North, Range Sixteen (16) W.I.M., Major County, Oklahoma, more particularly described as follows: BEGINNING at a point on the Section line a distance of 269.81 feet North (N00°41’44”E) of the Southeast Corner of said Section 33, Thence continuing North (N00°41’44”E) on said Section line a distance of 2335.46 feet to the Northeast corner of the SE/4 of said Section 33; thence West (N89°00’21”W) on the North boundary of said SE/4 a distance 2647.12 feet to the Northwest corner of said SE/4; thence South (S01°01’12”W) along the West boundary of said SE/4 a distance of 2284.10 feet (said point being (N01°01’12”E) a distance of 328.52 feet of the Southwest corner of said SE/4); Thence East (N83°32’38”E) a distance of 107.60 feet; Thence Southeasterly (S76°15’15”E) a distance of 661.51 feet; Thence East (S84°45’36”E) a distance of 1135.20 feet; Thence Northeasterly (N80°43’37”E) a distance of 524.93 feet; Thence Northeasterly (N60°46’34”E) a distance of 139.61 feet; Thence Northeasterly (N80°43’27”E) a distance 141.03 feet to the point of beginning, said tract containing 148.3487 acres, more or less. •F.S.A. Information: According to the F.S.A., the farm has a 53.1 acre wheat base with a 24 bushels per acre yield. All the cropland is currently established to grass. Buyer is advised to contact the Major County N.R.C.S. office to see if there are any restrictions prior to destroying any of the established grass. •Personal Property: Any chattel property, including by not limited to livestock, livestock equipment, electric fencing, hay, deer stands and feeders, or farm equipment located on the said land is the property of the Sellers and may be removed prior to the time of possession. •Minerals: No minerals are being sold or transferred with the surface and the abstracts shall exclude all mineral instruments. •Taxes: The 2010 taxes were approximately $181.00 and will be paid by the Sellers. The 2011and any future taxes will be the responsibility of the Buyers. •Possession: Possession is to 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 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, 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 January 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 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. •Order of Auction: The East half and the West half of the above described tract will be offered separately then together. The auction company specifically reserves the right to re-open the bidding on any tract until such time as all bidding ceases. •Survey: In the event the tracts sell separately to two separate Buyers, Seller will provide Buyer a survey showing the division line between the East half and the West half as described above. If Buyer desires any additional survey(s) it shall be at Buyer’s sole cost. 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.