THIS IS A COMPLETED SALE
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View current listings by this company
03/18/20 | Major Co., OK Land & Minerals
Previous Page Listing ID#: 193044
Auction Location |
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Fairview, OK 73737 |
Auction Dates and Times |
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Wednesday Mar 18, 2020 Completed |
Auction Type |
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Live Auction with Online Bidding VIEW ONLINE CATALOG |
Company Information |
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Wiggins Auctioneers Website: www.wigginsauctioneers.com/ GoToAuction.com ID#: 4345 View company information and listings |
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Listing Terms and Conditions |
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REAL ESTATE:
By accepting terms and conditions, I hereby certify that:
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, and valid ID. 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 accept by electronic means, and that the electronic acceptance shall have the same force and effect as an original acceptance.
MINERALS:
By accepting terms and conditions, I hereby certify that:
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 accept by electronic means, and that the electronic acceptance shall have the same force and effect as an original acceptance.
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Listing Information |
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160 +/- Ac. | Outstanding Sm. Grain/Livestock Land | Class I Soils
Highway Frontage | Homesite Potential
240 +/- Net MINERAL Acres | Producing & Non-Producing
Fairview Area, Major Co., OK | Online Bidding Available
AUCTION
Wednesday March 18, 2020 10:00 a.m.
Auction Location: Fairview Community Bldg., 206 E. Broadway, Fairview, OK 73737
Surface
" Located from the intersection of Hwy 60 & U.S. 412 at Orienta, ¾ mi. W. on U.S. 412 to the Southeast corner of the property.
" According to Major County F.S.A., there are 145.89 acres of farmland w/144.88 base acres that has a 35 bu./ac. yield
" Good fences on three sides, rural water, electricity &½ mile of Hwy 412 frontage
" Ideal for cultivation, livestock, or a homesite!
Legal Description: SW/4 of 21-22-12, Major Co., OK '19 Taxes: approx. $458.97 Possession: at closing. Terms for Surface: 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, crop base, condition, etc. prior to auction day. Announcements made day of auction take precedence.
Minerals
" Tract #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. NOTE: will be offered in 40 +/- acre tracts with high bidder option to purchase up to 160 +/- acres
" Tract #2: 80+/- net mineral acres in the W/2SE/4 of 32-22-12, Major Co., OK. These minerals are currently under lease, which will expire on Oct. 28, 2020 w/no option to renew. There is no production in the spaced section. NOTE: will be offered in 40 +/- acre tracts with high bidders option to purchase up to 80 +/- acres
Terms for Minerals: A 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.
Registration: 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. Adam Martens, Auction Manager, 580.744.0194 OR Elaine Flaming, Flaming Real Estate, 580.227.4747, OR for more information visit wigginsauctioneers.com.
Seller: William H. Krouse Family 1 160 +/- Ac. | Outstanding Sm. Grain/Livestock Land Class I Soils | Highway Frontage | Homesite Potential | Major Co., OK " Located from the intersection of Hwy 60 & U.S. 412 at Orienta, ¾ mi. W. on U.S. 412 to the Southeast corner of the property. " According to Major County F.S.A., there are 145.... 2 M#1: 160 +/- Net Mineral Acres- Major Co., OK " Tract #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. Terms for Minerals: A 10% Buyer's premium will be added to the high bid in the auction to determine the purchase price of each tract... 2 M#1: 40 +/- Net Mineral Acres- Major Co., OK Mineral #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. NOTE: will be offered in 40 +/- ac. tracts with high bidders option to purchase up to 160 +/- ac. Terms for Minerals: A 10% Buyer'... 3 M#2: 80 +/- Net Mineral Acres- Major Co., OK " Tract #2: 80+/- net mineral acres in the W/2SE/4 of 32-22-12, Major Co., OK. These minerals are currently under lease, which will expire on Oct. 28, 2020 w/no option to renew. There is no production in the spaced section. Terms for Minerals: A ... 2 M#1: 40 +/- Net Mineral Acres- Major Co., OK Mineral #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. NOTE: will be offered in 40 +/- ac. tracts with high bidders option to purchase up to 160 +/- ac. Terms for Minerals: A 10% Buyer'... 2 M#1: 40 +/- Net Mineral Acres- Major Co., OK Mineral #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. NOTE: will be offered in 40 +/- ac. tracts with high bidders option to purchase up to 160 +/- ac. Terms for Minerals: A 10% Buyer'... 2 M#1: 40 +/- Ner Mineral Acres- Major Co., OK Mineral #1: 160+/- net mineral acres in the SW/4 of 21-22-12, Major Co., OK. The 2019 production was approx. $315. NOTE: will be offered in 40 +/- ac. tracts with high bidders option to purchase up to 160 +/- ac. Terms for Minerals: A 10% Buyer'... 3 M#2: 40 +/- Net Mineral Acres- Major Co., OK Mineral #2: 80+/- net mineral acres in the W/2SE/4 of 32-22-12, Major Co., OK. These minerals are currently under lease, which will expire on Oct. 28, 2020 w/no option to renew. There is no production in the spaced section. NOTE: will be offered ... 3 M#2: 40 +/- Net Mineral Acres- Major Co., OK Mineral #2: 80+/- net mineral acres in the W/2SE/4 of 32-22-12, Major Co., OK. These minerals are currently under lease, which will expire on Oct. 28, 2020 w/no option to renew. There is no production in the spaced section. NOTE: will be offered ... |
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