950 +/- Acres of Productive Sm. Grain/Livestock Land | Lg. Ponds | 790 +/- Acres Minerals Kremlin/Pond Creek/Hunter Area, Garfield Co., OK AUCTION For the William M. (Bill) Zaloudek Trust Thursday October 25, 2018 10:00 a.m. Auction Location: 81 Ranch Event Center, 5520 N. US Hwy 81, Enid, OK Conveniently located within 15-20 minutes of Enid's N. edge * All weather access to surrounding communities * Excellent 5 wire perimeter fences on 5 of the 6 farms * All serve nicely for sm. grain & livestock production Farm #1 (320 +/- Acres - Offered in Two Tracts): This 320 +/- acres is located from the Jct. of US 81 & the Kremlin Blacktop, 4 miles E. on the Kremlin Blacktop (Keowee Rd), & continuing on blacktop 1 mile N., then 2 miles E. on Buffalo Rd., & ½ miles N. on 78th St. to the SW/corner of half section. According to the Garfield Co. F.S.A., there are 305.61 acres of cropland with a 305.6 acre wheat base & a 32 bushel per acre PLC yield. Principal soil type of the cropland include Kirkland silt loam, Class II; Kirkland-Renfrow Complex, Renthin-Masham complex, & Renthin clay loams, all Class III. Access is by good rocked roads along 78th & 90th St. There is a rural water tap on the NW/4 along 78th St. Order of Auction: The NE/4 & NW/4 will be offered individually, & together. Legal Description: The N/2 of Sec. 8, Twp. 24N, R5 W.I.M., Garfield Co., OK '17 Taxes: were approx. $926.00. Possession: at closing, subject to the existing agricultural lease, which expires upon completion of harvest of the presently growing 2018-2019 crop or July 1, 2019, whichever is later. Buyer will be credited for ½ of cash rent at closing. Farm #2 (320 +/- Acres - Offered in Two Tracts): This outstanding combination half section lies across road W. of Farm #1. According to the Garfield Co. F.S.A., the NE/4 has 132.79 acres of cropland with a 131.9 wheat base & a 32 bushel per acre PLC yield; the NW/4 has 145.51 acres of cropland (currently established to improved Bluestem grasses) with a 144.5 acre wheat base & a 29 bushel per acre PLC yield. Principal soil types of the cropland include Kirkland silt loam & Renthin clay loam, both Class II; Kirkland- Renfrow complex, Renthin-Masham complex, & Renthin clay loam, all Class III; Grainola Masham complex, Class IV; & Masham clay & Grainola-Masham-Ironmound complex, both Class VI. The balance of the land is in grass pasture with very few scattered trees & two nice size Ponds situated on the NE/4 (one being approx. 2.84 acres & the other approx. 2.51 acres) & a smaller pond on the NW/4, providing an excellent opportunity for fishing & water fowl hunting. Access is again by rocked roads (along 78th St. & 66th St.). There is a rural water tap near the NE/corner of NE/4. Be sure to take a look! Order of Auction: The NE/4 & NW/4 will be offered individually, & together. Legal Description: The N/2 of Sec. 7, Twp. 24N, R5 W.I.M., Garfield Co., OK '17 Taxes: were approx. $866.00. Possession: at closing, subject to the existing agricultural lease, which expires upon completion of harvest of the presently growing 2018-2019 crop or July 1, 2019, whichever is later. Buyer will be credited for ½ of cash rent at closing. Farm #3 (310 +/- Acres - Offered in Two Tracts): This land is located from the Junction of US Hwy 81 & the Kremlin Blacktop, 2 miles E. on the Kremlin Blacktop (Keowee Rd.), then 1 mile N. on 30th to the SW/corner of the land. The NW/4 has an excellent 5 wire perimeter fence on three sides & cross fences, approx. 112.56 acres of good native grass & a lg. pond. According to the Garfield Co. F.S.A., there are approx. 184.91 acres of cropland with a 181.4 acre wheat base & 31 & 32 bushel per acre PLC yields. Principal soil types of the cropland include Kirkland silt loam & Port clay loam, both Class II; & Kirkland-Renfrow complex, Class III. Rural water is available; if desired. Order of Auction: The NW/4 & SW/4 will be offered individually, & together. Legal Description: The SW/4 (Ex. the RR & Tract E. of RRWY) & NW/4 of Sec. 10, Twp. 24N, R6 W.I.M., Garfield Co., OK '17 Taxes: were approx. $1,054.00. Possession (SW/4): at closing. Possession (NW/4): is to be given at closing, subject to the existing lease which expires upon completion of harvest of the presently growing 2018-2019 crop or July 1, 2019, whichever is later. Buyer will be credited for ½ of cash rent at closing. General Terms for Real Estate Order of Auction: As above described. 2018 Taxes: will be prorated to the day of closing. Minerals: Seller's share of minerals in, under & to above described land will be offered separately & after the auction of the surface. Crop: Does not sell. Terms: 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 will be offered immediately after the Land Mineral #1 (Seller's share under Farm #1) Tract #1 - Legal Description: All of the Minerals in, under & to NE/4 of Sec. 8, Twp. 24N, R5 W.I.M., Garfield Co., OK * Net Mineral Acres: 160 MOL * Lease: Zaloudek to Witty, 1/8, 4/24/73 * O.R.R.I.: Witty to Zaloudek 1/32 of 7/8 * Production: Zaloudek well in SW NW of 8-24-5, First production 11/2/76; Production through 6/2018 has been 17,588 BO & 2,201,148 MCF. Payer is Mustang Gas Products. Total runs from 12/17 through 7/18 = $521.00 * Spacing: 320 acre laydown gas unit for N/2 8-24-5 * Royalty Interest: .0625 plus O.R.R.I. of .0091146 Tract #2 - Legal Description: All of the Minerals in, under & to NW/4 of Sec. 8, Twp. 24N, R5 W.I.M., Garfield Co., OK * Net Mineral Acres: 160 MOL * Lease: Same as #1 * O.R.R.I: Same as #1 * Production: Same as #1 * Spacing: Same as #1 * Royalty Interest: Same as #1 Mineral #2 (Seller's share under Farm #2) Tract #3 - Legal Description: All of the Minerals in, under & to the NE/4 of Sec. 7, Twp. 24N, R5 W.I.M., Garfield Co., OK * Net Mineral Acres: 160 MOL * Lease: Zaloudek to Witty, 1/8, 4/24/73 * O.R.R.I: Witty to Zaloudek 1/32 of 7/8 * Production: Part of the East Kremlin Misener Unit, formed 4/7/88, still active. Operated by Powell Oil, LLC, 12942 Cimmaron Rd., Healdton, OK. Producing from Skinner & Misener formation. SW NE 7-24-5 is included in unit, all of NE/4 is HBP. Payer is Sunoco Partners. Total runs 9/17 through 4/18 = $55.79 * Royalty Interest: .0002221 plus O.R.R.I. of .0000972 under East Kremlin Misener Unit Mineral #3 (Seller's share under Farm #3) Tract #4 - Legal Description: All of the Minerals in, under & to NW/4 of Sec. 10, Twp. 24N, R6 W.I.M., Garfield Co., OK * Net Mineral Acres: 160 MOL * Lease: Zaloudek to Armer & Quillen, 1/5, 4/6/11 * Production: Ginger 2406 1-10H, completed 4-15-14, producing from the Mississippi at 88 BOPD & 93 MCFPD. Total runs 1-17 through 6-18 = $13,464.00. Sandridge E & P is operator * Royalty Interest: .0484375 Tract #5 - Legal Description: Seller's share of minerals in, under and to the SW/4 of Sec. 10, Twp. 24N, R6, Except the C.R.I.P. Railroad & Except a tract lying E. of the RR R.O.W. * Net Mineral Acres: 150 MOL * Production: Same as #4 * Royalty Interest: .0487498 Terms & Conditions - Minerals Only: 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 & 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. For your convenience, On-line bidding is available at www.wigginsauctioneers.com. Contact Perry Wiggins or Vicki Wiggins Allen, Auction Managers, at (580) 541-7942/(580) 554-4400 for any additional information you may need. Visit wigginsauctioneers.com for aerial photos & pictures. Seller: The William M. Zaloudek Trust