Bidding Notice:

The Auction Company nor the Seller is responsible in the event of loss or delayed signal by either side.

Auction Information
Name The Leona M. Seifert Rev. Trust
Auctioneer
Type Live Webcast Auction
Date(s) 1/23/2018 - 3/2/2018
Location
Buyer Premium 10% Buyer's Premium- Minerals Only
Description
80 +/- Acres | Good Sm. Grain/Livestock Land | Nice Size Ponds 80 +/- Acres Minerals | Pond Creek Area, Grant Co., OK AUCTION Friday | March 2, 2018 | 10:00 a.m. Auction Location: The Board Room of the Pavilion (NE/corner), Chisholm Trail Expo Center, 111 W. Purdue, Enid, OK 80 +/- acres * located from Jct. US 81 & US 64 (W. of Pond Creek), 3 miles W. on US 64, then ¼ mile N. on CR 850 * 51.72 acres of cropland w/ a 51.50 acre wheat base & a 32 bushel per acre PLC yield * 1.38 +/- acre pond * smaller pond * 25.37 +/- acres grass * access is by good rocked road Legal Description: N/2 SE/4 of Sec. 3, Twp. 25N, R7 W.I.M., Grant Co., OK Minerals: Seller's share of minerals in, under & to the above described land (approx. 80 NMA) will be offered separately & after the auction of the surface. Minerals appear to be non-producing & open for lease. '17 Taxes: were approx. $194.00. The 2018 taxes will be prorated to the day of closing. Possession: Possession is to be given upon payment in full of the purchase price & transfer of title, at closing, subject to the existing ag lease which expires upon completion of harvest of the presently growing 2017-2018 wheat crop or July 1, 2018, whichever is later. Terms for Real Estate: 10% of the purchase price is to be placed in escrow the 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 size, condition, acreage, crop base etc. prior to auction day. Terms & Conditions for Minerals: 10% Buyer's Premium will be added to the high bid in the auction to determine the purchase price. 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 15 days to examine the county records & satisfy themselves as to the title. Closing is to be on or by April 16, 2018. 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. Announcements made day of auction take precedence. For your convenience, this auction will be broadcast live on-line. There will be no additional fee for this service. Vicki Wiggins Allen, auction manager, (580) 554-4400 | Visit www.wigginsauctioneers.com for photos & aerials. Seller: The Leona M. Seifert Revocable Trust
AUCTION DAY ANNOUNCEMENTS The Leona M. Seifert Revocable Trust March 2, 2018 | Grant Co., OK " Legal Description: The N/2 SE/4 of Sec. 3, Twp. 25N, R7 W.I.M., Grant Co., OK " Personal Property: The Tenants of the land are Larry & Kim Jantz; their phone number is (580) 541-0999. Any chattel property, including, but not limited to, any livestock, livestock equipment, hay, electric fencing, farm equipment, or hunting equipment or blinds is the property of the Tenant and may be removed prior to the time of possession. " Minerals: Minerals in, under and to the above described land will be offered separately and after the auction of the surface. No minerals are being sold or transferred with the surface and the abstracts shall exclude all mineral instruments. " Crop: None of the presently growing 2017-2018 crop nor any F.S.A. payments for same are being sold or transferred. " F.S.A. Information: According to the Grant County F.S.A., there are 51.72 acres of cropland w/ a 51.50 acre wheat base & a 32 bushel per acre PLC yield. Note: This information is provided as a courtesy of the Grant County F.S.A. and is subject to change without notice. " Soil Types: Principle soil types of the cropland include Kirkland-Pawhuska complex, Class II & Kingfisher silt loams, Class III. " Taxes: The 2017 taxes were approx. $194.00 and have been paid by the Seller. The 2018 taxes will be prorated to the day of closing. " Possession: Possession is to be given upon payment in full of the purchase price & transfer of title, at closing, subject to the existing ag lease which expires upon completion of harvest of the presently growing 2017-2018 wheat crop or July 1, 2018, whichever is later. " Terms: A 10% down payment will be required at the auction. You may use a personal check. Buyer agrees to purchase title as shown in the attached title insurance commitment, and shall have twenty days from the delivery of title insurance commitment to seek legal counsel to review the title insurance commitment if desired, and to furnish additional title objections, if any. Title will transfer by Trustee's Deeds. Seller will make available to Buyer and Buyer may purchase an owner's title insurance policy at closing. Seller shall pay the cost for the initial abstracting, Seller's title opinion, Commitment for title insurance, gap check and title curative cost, if any. Buyer shall pay any applicable Buyer's title opinion or attorney's fees; title insurance premium and final abstracting costs. " Closing: Closing is to be on or by April 16, 2018, in accordance with the attached real estate purchase contract. The Closing Agent is Guarantee Abstract Company. The phone number is 580-237-5537. The closing/escrow fee is $300.00 and is to be paid ½ by the Buyer and ½ by the Seller; Post-closing processing fee is $100.00 and is to be paid ½ by the Buyer and ½ by the Seller. Closing is to be at the offices of Guarantee Abstract Company, 217 W. Broadway, Enid, Oklahoma. " Survey: Seller is not obligated to furnish Buyer a survey of the subject property; if Buyer desires a survey, it shall be at Buyer's sole cost. Seller is not obligated to furnish location of nor present owners of any pipeline right-of-way easements described in the Commitment. " Internet Bidders Only: In order to save you the time and expense of traveling to the auction site, this auction is being broadcast live on-line at www.wigginsauctioneers.com. There is no additional fee for this service. Neither the Auction Company nor Seller is responsible in the event of delayed signal or loss of signal by either side. AUCTION DAY ANNOUNCEMENTS The Leona M. Seifert Revocable Trust MINERALS " Legal Description: All minerals in, under, and to the N/2 SE/4 of Sec. 3, Twp. 25N, R7 W.I.M., Grant Co., OK " Minerals appear to be non-producing & open for lease. " Terms & Conditions: A 10% Buyer's premium will be added to the high bid in the auction to determine the purchase price. 10% of the purchase price is to be placed in escrow the day of the auction. Buyer may use a personal or company check. Buyer will have until March 26, 2018 to examine the county records and satisfy himself/herself as to title. In the event the title examination reflects acreages different from that disclosed on the date of sale, the purchase price shall be prorated to reflect the accurate acreage. Minerals will be transferred by a Limited Warranty Mineral Deed. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyer should satisfy himself/herself regarding the minerals being offered prior to auction day. Any announcements made the day of the auction supersede all advertising. " Closing: Closing is to be on or by April 16, 2018. The Closing Agent is Guarantee Abstract Company. Their phone number is (580) 237-5537. The closing/escrow fee is $300.00 and is to be paid ½ by the Buyer and ½ by the Seller. Post-closing processing fee is $100.00 and is to be paid ½ by the Buyer and ½ by the Seller. Closing is to be at the offices of Guarantee Abstract Company, 217 W. Broadway, Enid, OK. " It is expressly understood by the Seller and Buyer that Wiggins Auctioneers, LLC and MineralMarketing.com and their agents do not warrant the present or future value, the size or area, or the condition of the title to any of the tracts being offered, nor do they hold themselves out to being experts in any of these areas, and the parties agree to hold Wiggins Auctioneers, LLC and MineralMarketing.com and their agents harmless of any claims arising from any representation or misrepresentation relating to such matters. " Internet Bidders Only: In order to save you the time and expense of traveling to the auction site, this auction is being broadcast live on-line at www.wigginsauctioneers.com. There is no additional fee for this service. Neither the Auction Company nor Seller is responsible in the event of delayed signal or loss of signal by either side.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100.00 5.00 USD
100.01 - 1,000.00 25.00 USD
1,000.01 - 10,000.00 250.00 USD
10,000.01 - 100,000.00 2,500.00 USD
100,000.01 - 9,999,999.99 10,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium- Minerals Only
Payment Terms
See Terms
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