12/2 | 320 +/- Acres Garfield Co. Land & Minerals

Thursday, December 02, 2021

Wiggins Auctioneers
TERMS & CONDITIONS FOR REAL ESTATE: 1.I acknowledge that I have received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), Real Estate Purchase Contract, and Open Commitment for Title Insurance, if applicable. 2.I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction.3.I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Real Estate Purchase Contract.4.I have examined the Real Estate Purchase Contract and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing.5.I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself as to any inspections, current condition, usability, etc. prior to bidding.6.I understand that if I am the successful bidder, I agree to complete and sign the Real Estate Purchase Contract immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Real Estate Purchase Contract.7.I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising.8.I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.TERMS & CONDITIONS FOR MINERALS: 1.I acknowledge that I have received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), and Mineral Memorandum of Sale. 2.I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction.3.I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Mineral Memorandum of Sale.4.I have examined the Mineral Memorandum of Sale and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing.5.I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself prior to bidding.6.I understand that if I am the successful bidder, I agree to complete and sign the Mineral Memorandum of Sale immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Mineral Memorandum of Sale.7.I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising.8.I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.
Springhill Suites by Marriott, 5815 KL Drive, Enid, OK
GARFIELD CO. LAND & MINERALS320 +/- Acres | Good Sm. Grain/Livestock Land w/Creek | Hunting PotentialOlder Home & Farm Bldgs. | Producing Mineral InterestsDrummond/Waukomis Area, Garfield Co., OKAUCTIONThursday December 2, 2021 10:00 a.m.Auction Location: Springhill Suites by Marriott, 5815 KL Drive, Enid, OK 73703 (W. of Wal-Mart on W. edge of Enid)LANDFarm #1 (160 +/- Acres) -Located from the first section line S. of Drummond, 5 ½ miles S. on SH 132 -95.53 +/- acres of cropland with a 92.30 acre wheat base & a 32 bu./ac. PLC yield-Balance of land is in grass pasture, scattered trees & timber-lined creek-Principle soil type of cropland is mostly Lovedale fine sandy loam, Class II, with smaller amounts of Eda loamy fine sand, Class III & Kingfisher-Ironmound complex, Class IV -Improvements include fences & cross fences, electricity & water well (works, no pump)-Rural water is available, if desired-SH 132 frontage along the W. side & access by county road along the S. side Legal Description: SW/4 of Sec. 14, Twp. 20N, R8 W.I.M., Garfield Co., OK '20 Taxes: Were approx. $518.00. Farm #2 (160 +/- Acres)-Located from the first section line S. of Drummond, 5 miles S. on SH 132, then 3 miles E. on Osborne Rd. -104.39 +/- acres of cropland with a 101.20 acre wheat base & a 32 bu./ac. PLC yield-Balance of the land is in thick native timber, timber-lined creek, & an older home site-Principle soil types of the cropland include Port silt loam, Class II; Grant silt loam, Class II; & Grant silt loam, Class III -Older home & farm buildings, including a Quonset, & water wells (not used in many years) -Access is by county road along the N. side Legal Description: NW/4 of Sec. 17, Twp. 20 N, R7 W.I.M. '20 Taxes: Were approx. $571.00. Terms for Real Estate'21 Taxes: Will be prorated to the date of closing. Possession: Possession will be given upon signing the purchase contract and acceptance of the escrow deposit for the purpose of tilling the soil as is necessary for conserving moisture and for preparing for and for planting a wheat crop. If for any reason this agreement does not close, the Seller shall pay the Buyer the customary rate as recommended by the O.S.U. Extension Service for any tilling or planting which Buyer may have done, and Buyer shall immediately relinquish possession to Seller and neither party shall be liable to the other for any further damages. Complete possession is to be given upon payment in full of the purchase price and transfer or title, at closing; AND with proper indemnification, Buyer will have permission to hunt the land beginning the day of the auction. If, for any reason, this sale does not close, the Buyer shall immediately relinquish such permission to hunt and neither party shall have any further duty to the other. Minerals: Minerals in under and to the above described will be offered separately after the sale of the surface. MINERALSMinerals #1 -Sellers share of minerals in, under, & to the SW/4 of Sec. 14, Twp. 20N, R8 W.I.M., Garfield Co., OK -160 +/- NMA-Production appears to be from the Hane 14-1H w/RI 0.04687500, paid by Chisholm Oil & Gas Operating, LLC of Tulsa, OK-2020 1099 reflects net revenue of $6,004.04Minerals #2-Sellers share of minerals in, under, & to the NW/4 of Sec. 17, Twp. 20 N, R7 W.I.M.-160 +/- NMA-Production appears to be from the Paul Hane 17-1 w/RI 0.12500000, paid by Phillips 66 Company of Bartlesville, OK-2020 1099 reflects net revenue of $822.15Terms for MineralsA 10% Buyer's Premium will be added to the high bid in the auction to determine the purchase price of each tract. 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, at closing. Buyers will have 20 days to examine the county records and satisfy themselves as to the title. Title will transfer by Limited Warranty Deed. 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, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising. General StatementsRegistration: All bidders are required to register with valid form of ID & acknowledge & agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of 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, size, condition, etc. prior to auction day. Announcements made day of auction take precedence. Contact Auction Manager, Lynsie Sturgeon, at 580.554.2633 for any additional information you may need. Visit www.WigginsAuctioneers.com for terms, details, photos, & online bidding! Seller: The Estate of Steven Wayne Hane
Lot #: 1

Farm #1 (160 +/- Acres)

-Located from the first section line S. of Drummond, 5 ½ miles S. on SH 132 -95.53 +/- acres of cropland with a 92.30 acre wheat base & a 32 bu./ac. PLC yield-Balance of land is in grass pasture, scattered trees & timber-lined creek-Principle soil type of cropland is mostly Lovedale fine sandy loam, Class II, with smaller amounts of Eda loamy fine sand, Class III & Kingfisher-Ironmound complex, Class IV -Improvements include fences & cross fences, electricity & water well (works, no pump)-Rural water is available, if desired-SH 132 frontage along the W. side & access by county road along the S. side Legal Description: SW/4 of Sec. 14, Twp. 20N, R8 W.I.M., Garfield Co., OK '20 Taxes: Were approx. $518.00.
Lot #: 1

Farm #1 (160 +/- Acres)

-Located from the first section line S. of Drummond, 5 ½ miles S. on SH 132 -95.53 +/- acres of cropland with a 92.30 acre wheat base & a 32 bu./ac. PLC yield-Balance of land is in grass pasture, scattered trees & timber-lined creek-Principle soil type of cropland is mostly Lovedale fine sandy loam, Class II, with smaller amounts of Eda loamy fine sand, Class III & Kingfisher-Ironmound complex, Class IV -Improvements include fences & cross fences, electricity & water well (works, no pump)-Rural water is available, if desired-SH 132 frontage along the W. side & access by county road along the S. side Legal Description: SW/4 of Sec. 14, Twp. 20N, R8 W.I.M., Garfield Co., OK '20 Taxes: Were approx. $518.00.
Lot #: 2

Farm #2 (160 +/- Acres)

-Located from the first section line S. of Drummond, 5 miles S. on SH 132, then 3 miles E. on Osborne Rd. -104.39 +/- acres of cropland with a 101.20 acre wheat base & a 32 bu./ac. PLC yield-Balance of the land is in thick native timber, timber-lined creek, & an older home site-Principle soil types of the cropland include Port silt loam, Class II; Grant silt loam, Class II; & Grant silt loam, Class III -Older home & farm buildings, including a Quonset, & water wells (not used in many years) -Access is by county road along the N. side Legal Description: NW/4 of Sec. 17, Twp. 20 N, R7 W.I.M. '20 Taxes: Were approx. $571.00.
Lot #: 2

Farm #2 (160 +/- Acres)

-Located from the first section line S. of Drummond, 5 miles S. on SH 132, then 3 miles E. on Osborne Rd. -104.39 +/- acres of cropland with a 101.20 acre wheat base & a 32 bu./ac. PLC yield-Balance of the land is in thick native timber, timber-lined creek, & an older home site-Principle soil types of the cropland include Port silt loam, Class II; Grant silt loam, Class II; & Grant silt loam, Class III -Older home & farm buildings, including a Quonset, & water wells (not used in many years) -Access is by county road along the N. side Legal Description: NW/4 of Sec. 17, Twp. 20 N, R7 W.I.M. '20 Taxes: Were approx. $571.00.
Lot #: 3

Minerals #1 (160 +/- Acres)

-Sellers share of minerals in, under, & to the SW/4 of Sec. 14, Twp. 20N, R8 W.I.M., Garfield Co., OK -160 +/- NMA-Production appears to be from the Hane 14-1H w/RI 0.04687500, paid by Chisholm Oil & Gas Operating, LLC of Tulsa, OK-2020 1099 reflects net revenue of $6,004.04
Lot #: 3

Minerals #1 (160 +/- Acres)

-Sellers share of minerals in, under, & to the SW/4 of Sec. 14, Twp. 20N, R8 W.I.M., Garfield Co., OK -160 +/- NMA-Production appears to be from the Hane 14-1H w/RI 0.04687500, paid by Chisholm Oil & Gas Operating, LLC of Tulsa, OK-2020 1099 reflects net revenue of $6,004.04
Lot #: 4

Minerals #2 (160 +/- Acres)

-Sellers share of minerals in, under, & to the NW/4 of Sec. 17, Twp. 20 N, R7 W.I.M.-160 +/- NMA-Production appears to be from the Paul Hane 17-1 w/RI 0.12500000, paid by Phillips 66 Company of Bartlesville, OK-2020 1099 reflects net revenue of $822.15
Lot #: 4

Minerals #2 (160 +/- Acres)

-Sellers share of minerals in, under, & to the NW/4 of Sec. 17, Twp. 20 N, R7 W.I.M.-160 +/- NMA-Production appears to be from the Paul Hane 17-1 w/RI 0.12500000, paid by Phillips 66 Company of Bartlesville, OK-2020 1099 reflects net revenue of $822.15

Photo Gallery

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Wiggins Auctioneers, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.