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5/29/19 Auction 470 Acres Cropland & Minerals Auction

Wednesday May 29th 1 p.m.
Auction Location: On Site! HWY 412 & N 0170 Rd Felt OK 73937
From the intersection of Main St & S Cimarron Ave in Boise City (intersection where the county courthouse is located), go 15 miles southwest on US-56E/412 Highway to auction location. Auc-tion will be on the south side of the highway. Watch for signs.

Description: This tract consists of 470.43 acres MOL. There are 197.90 acres in CRP until 9/30/2021, 118 acres on the north side and 80 acres on the south side of the property. The annual contract payment for the CRP is $6,539.00. This equates to $33.04/Acre. CRP payment is made around October 10th annually. CRP payment for 2019 will go to the buyer.
The remaining 272 acres have been in cropland and have been rotated between wheat and milo. There is no cur-rent farm lease and no crops are currently planted on the property.
Buyer will get immediate possession after signing of the purchase contract.
FSA: According to the county F.S.A. office this tract has 480.04 farmland acres, 282.10 crop acres, 37.3 acre wheat base with a 23 bushel yield and a 242.8 acre grain sorghum base with a 29 bushel yield.
Soils: Dalhart loamy fine sand, 0-3% slopes, class III; Vona-Valent complex, 3-5% slopes, class IV; and Dalhart fine sandy loam, 0-1% slopes, class III
Pre Offers: Seller is not accepting any offers prior to auction.
Property Viewing: Preview on your own during daylight hours
Legal Description: W/2 S of HWY; W/2E/2 35-2N-3E
Taxes: $455.00 with Exemption
Possession: Will be immediately upon signing of the purchase contract. Closing will be held at Cimarron County Abstract
Minerals: Sellers believe they own 100% of the minerals and will convey any mineral interest they own with the surface rights, if any. Minerals will transfer with a mineral quit claim deed. No abstracting will be brought to date on minerals.
Wind Lease: None
Auctioneers Note: Lippard Auctioneers is proud to present this property at public auction. This property has great access off of 412 highway and is well located just southwest of Boise City, Oklahoma.
Internet Bidding: Will be available by clicking online bidding link to register. Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side.
Terms on Real Estate: 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 financing must be in or-der prior to bidding.
Disclaimer: All information has been taken from sources believed reliable; however, no guaran-tee is being made by the auction company or the seller. Buyers should satisfy themselves as to any inspections prior to bidding. All financing must be in place prior to bidding and no contingen-cies! Any announcements made the day of the auction supersede all advertising.
SELLERS: Joyce Farmer & Walker Family Farm

United States
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