9/26 301 +/- Total Ac. | Noble & Garfield Co., OK Land

Live Webcast Auction

Wiggins Auctioneers, LLC

Lucien Community Bldg., 110 1st St.

Lucien, OK 73757

Date(s) 8/31/2023 - 9/26/2023

LIVE w/ONLINE BIDDING | Tuesday - September 26, 2023 - 10:00 a.m.

Prebidding Open

Shipping Not Available

Catalog

View Catalog (2 Lots)

Bidding Notice:

A 5% Online Buyer's Premium will be added to the high bid at auction to determine the purchase price. Neither the Seller nor the Auction Company is responsible in the event of loss of signal or delay of signal by either side.

Auction Information

Name	9/26 301 +/- Total Ac. \| Noble & Garfield Co., OK Land
Auctioneer	Wiggins Auctioneers, LLC
Type	Live Webcast Auction
Date(s)	8/31/2023 - 9/26/2023
Auction Date/Time Info	LIVE w/ONLINE BIDDING \| Tuesday - September 26, 2023 - 10:00 a.m.
Preview Date/Time	During Daylight Hours
Checkout Date/Time	See Terms.
Location	Lucien Community Bldg., 110 1st St. Lucien, OK 73757
Buyer Premium	5% Online Buyer's Premium
Description	301 +/- Total Acres 146 +/- Acres \| Good Livestock/Sm. Grain Land \| Ponds Perry/Orlando Area, Noble Co., OK 155.5 +/- Acres \| Good Sm. Grain Farm \| Douglas Area, Garfield Co., OK AUCTION Tuesday - September 26, 2023 - 10:00 a.m. Auction Location: Lucien Community Bldg., 110 1st St., Lucien, OK 73757 Farm #1 (146.24 +/- Acres - Noble Co., OK) - Located from the Jct. of I-35 & US 77 (Sooner Corner, 2nd Exit W. of Perry), 2 ½ Miles W. on US 77 & Continuing S. on US 77 4 Miles, then go W. ½ Mile on Explorer Rd. (All Weather, Rocked Road) - 85.06 +/- Acres of Cropland w/ an 80.90 Acre Wheat Base & a 33 bu./ac. PLC Yield; Balance of Land is in Hay Meadow/Grass Pasture, 2 Ponds w/ Pond Development Potential - Principle Soil Types of the Cropland include Kirkland-Pawhuska complex, Grant-Huska complex, & Kirkland silt loam, all Class II; Grainola-Lucien complex, Kingfisher-Lucien complex, Renfrow silt loam, & Renfrow & Grainola soils, all Class III - 4 Wire, Barbed Wire, Perimeter Fence & Cross Fences - Excellent Livestock Grazing - Home Site Potential (1/2 mile off US 77 on Good Rocked Roads & Easy Access to I-35) - 15 Minutes of Perry, 40 Minutes of Stillwater, & 10 Minutes of Orlando - Mulhall-Orlando Public School District '22 Taxes: were approx. $230.00. Legal Description: Pt. of the NW/4 of Sec. 14, Twp. 20N, R2 W.I.M., Noble Co., OK Farm #2 (155.5 +/- Acres - Garfield Co., OK) - Located from the 1st Section Line E. of Douglas, 1 ½ Miles S. on 150th St. (Good Rocked Road) - Good Sm. Grain Farm - 143.75 +/- Acres of Cropland w/ a 143.70 Acre Wheat Base & a 37 bu./ac. PLC Yield; Balance of Land (approx. 7.41 Acres) is comprised of Trees, Grass & a Pond - Soil Types include Kirkland-Renfrow complex, Kirkland silt loam, Renthin-Masham complex, all Class III; & Grainola-Masham complex, all Class IV - Home Site Potential - Covington-Douglas Public School District Note: The cash lease payment in the amount of $7,865.00 for the 2023-2024 crop year will be prorated to the day of closing. '22 Taxes: were approx. $558.50. Legal Description: SE/4 of Sec. 6, Twp. 20N, R4 W.I.M., Garfield Co., OK LESS RR Right-of-Way General Statements Order of Auction: Farms will be offered individually only. '23 Taxes: Will be prorated to the day of closing. Crop: Does not sell. Possession (Farm #1): With property indemnification, and upon signing the purchase contract and acceptance of the escrow deposit the Buyer will have permission to till the soil presently in cultivation as is necessary for conserving moisture and for preparing for and for planting a wheat crop. If for any reason this agreement does not close, the Seller shall pay the Buyer the customary rate as recommended by the O.S.U. Extension Service for any tilling or planting which Buyer may have done, and Buyer shall immediately relinquish possession to Seller and neither party shall be liable to the other for any further damages. Complete possession is to be given upon payment in full of the purchase price and transfer or title, at closing. Possession (Farm #2): Possession is to be given upon payment in full of the purchase price and transfer of title, at closing, subject to the existing agricultural lease which expires upon completion of harvest of the 2023-2024 crop or July 1, 2024, whichever is later. Minerals: Do not sell. Registration: All bidders are required to register with valid form of ID and acknowledge and 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. 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. Contact Auction Manager, TJ Casteel at 580.336.7764 for any additional information you may need. Visit www.WigginsAuctioneers.com for terms, details, photos, & online bidding! Seller: Phillips Real Estate Investments, LLC

Terms and Conditions

1. I acknowledge that I have viewed or 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. A copy of the packet is available for review at wigginsauctioneers.com within 24 hours of the auction, or a copy of the packet may be requested by emailing info@wigginsok.com. 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, 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 sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 100.00	2.50 USD
100.01 - 250.00	5.00 USD
250.01 - 500.00	10.00 USD
500.01 - 1,000.00	25.00 USD
1,000.01 - 2,500.00	50.00 USD
2,500.01 - 5,000.00	100.00 USD
5,000.01 - 10,000.00	250.00 USD
10,000.01 - 25,000.00	500.00 USD
25,000.01 - 9,999,999.99	1,000.00 USD

Payment Information

Currency	USD
Buyer Premium	5% Online Buyer's Premium
Payment Terms	See Terms.

Shipping / Pick Up

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