LAND AUCTION 2,427+/- ACRES OFFERED IN 14 TRACTS IN CUSTER COUNTY, OKLAHOMA

Custer County, Oklahoma

Thu, Oct 13, 6:00 PM CENTRAL

• Cultivated Acres with Dale Silt Loam - Class I Soils • 672+/- Tillable Acres Per FSA • Well Managed Pastures - In Great Condition • Excellent Perimeter & Cross Fencing • Numerous Ponds, Water Wells & Stock Tanks • Clean Improvements - Home, Shop & Working Pens

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

Wednesday, September 21 - 3:00-6:00 pm
Wednesday, September 28 - 3:00-6:00 pm
Wednesday, October 12 - 3:00-6:00 pm
Meet Brent Wellings on Auction Tract 4.

PROPERTY LOCATION

TRACTS 1-10: 20395 E 910 Rd, Hammon, OK 73650 - Located 3.5 mile north of Hammon, OK along Highway 34, watch for auction signs.
TRACTS 11-14: From Hammon, OK take Highway 33 East 3 miles, turn south on 2060 Rd and follow for 1 mile to start of property.

AUCTION LOCATION

Elk City Convention Center, West Room 1016 East Airport Industrial Rd, Elk City, OK 73648

TRACT DESCRIPTIONS

Tract 1: 55± ac located along Highway 34, with 53.65 tillable acres per FSA. Mostly comprised of Class I Dale Silt Loam Soils.

Tract 2: 50± ac located along Highway 34, with 46.76 tillable acres per FSA. Predominantly Clairemont Silt Loam soils.

Tract 3: 122± ac located along Highway 34 and County Road 910, with 116.98 tillable acres per FSA. Another tract with most Class I Dale Silt Loam Soils.

Tract 4: 3± ac which include the charming 3bd, 2ba farm house. The home was built in 1992 and has been remodeled since, it is as clean and charming a home as you will find in this area. With an open floor plan upstairs, large master suite with bathroom and a spacious basement/storm shelter you will have room to entertain and raise a family. The house is surrounded by Giant Arborvitae, giving protection from the elements and privacy alike. Also included with this tract are a 72 ft. x 40 ft. farm shop, storage building, basketball hoop, Generac backup generator and overhead grain bins.

Tract 5: 101± ac which include an exceptional set of working pens and turnout pastures. This tract is cross fenced into 4 separate pastures, all fenced centrally into the working pens. The pens themselves are all pipe, with 7 separate runs and an alley system. Attached to the pens is a 70 ft.x32 ft. open faced livestock shed and all the runs are set up with automatic waterers. This parcel is truly designed to handle whatever you want, the cow/calf or yearling operator alike will appreciate these improvements.

Tract 6: 274± ac located along the west side of the North Unit, excellent piece of grass with multiple ponds and solar stock well/tank.

Tract 7: 38.6± ac located along the west side, 16.92 tillable acres per FSA with Dale Silt Loam soils.

Tract 8: 541± ac located along Highway 34, excellent piece of grass with multiple ponds and a stock well/tank. Good perimeter fence and currently cross-fenced into two pastures.

Tract 9: 116± ac with 73.96 tillable acres per FSA, Dale Site Loam soils and the balance in pasture. Excellent perimeter fence around entire parcel.

Tract 10: 247± ac with 50.33 tillable acres per FSA with two ponds and a stock well/tank. The tillable section of the tract is cross-fenced off.

Tract 11: 160± ac with 66.7 tillable acres per FSA, tree lined creek on the northwest corner has a small pond, perimeter fence around whole tract.

Tract 12: 160± ac with 102.3 tillable acres per FSA, two nice ponds in the center of this tract and good perimeter fencing.

Tract 13: 197± ac with 96.74 tillable acres per FSA with a good pond on the south side of this parcel and perimeter fencing.

Tract 14: 363± ac with 43.57 tillable acres per FSA. Balance of this parcel is in pasture with some excellent hunting potential. Multiple tree lined creeks dissect the property, creating some awesome whitetail habitat, multiple large bucks have been taken here. Also present are a nice set of pipe working pens, stock well/tank, two ponds and perimeter fencing.

AREA MAP(S)

PROCEDURE: Tracts 1 through 14 will be offered in individual tracts, in any combination of these tracts, or as a total unit per auction date and time. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price.

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 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession shall be delivered at closing.

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 shall not include any mineral rights.

ACREAGE AND TRACTS: All acreages, dimensions 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.