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PAYNE COUNTY - OKLAHOMA LAND AUCTION - 80+/- ACRES OFFERED IN 1 TRACT

Payne County, Oklahoma

Owner: Mary Ann Wannamaker Wed, Sep 30, 5:00 PM

• 80+/- Acres offered in 1 Tract • 1 Miles East of Hwy 108 - Lakeview Rd. • Ridge-top Views of Surrounding Area • Excellent Prairie Hay Meadow • Beautiful Clear Water Pond • Abundant Wildlife Habitat • Rural Water Line 900+/- ft. from Property Corner • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Fri., September 18 from 9-11 AM
Tues, September 29 from 3-5 PM
Wed., September 30 from 3-5pm

PROPERTY LOCATION

From Highway 51 and Highway 108 travel north to Lakeview Road, turn right on Lakeview Rd for 1.25 miles and property is on right. Watch for signs!

AUCTION LOCATION

Held On Site

TRACT DESCRIPTIONS

Tract 1: 80± ac Beautiful and diverse, an 80+/- acre tract, conveniently located only 1 mile east of Highway 108 on Lakeview Road which is just 7 miles east of Stillwater, OK. The north portion of the property includes a 10+/- acre prairie hay meadow that is excellently maintained and boasts some awesome views of the surrounding landscape. The balance of the property is tree covered, provided habitat for deer, turkey and other wildlife. A beautiful, clear water pond, located in the center of the property, offers a very secluded and private setting.
This property is an excellent opportunity for the potential home-site Buyer or someone seeking a recreational property that is close to town!


INTERACTIVE MAP

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: Property will be offered in 1 individual Tract on auction date and time. There will be open bidding on the Property during the auction as determined by the Auctioneer. The property will be sold in the manner resulting in the highest total sale price.

BUYERS PREMIUM: The contract purchase price will include a Buyers Premium equal to 4% of the bid amount.

DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall be obligated only to convey a merchantable title by Warranty Deed.

EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold AS-IS.

CLOSING: The closing shall take place 30 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession shall be at closing, subject to rights of the current tenant.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

MINERALS: Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term Property will not include any mineral rights.

ACREAGE AND TRACTS: All acreages and square footages are approximate and have been estimated based on current legal descriptions, property tax records and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.