Ames, OK 73718 - Major County

100 +/- Acres | Sm. Grain & Livestock Production | Hunting & Home Site Potential Blacktop Frontage | Producing Minerals to be Offered Separately

Ames Area, Major Co., OK

AUCTION

Friday October 20, 2017- 10:00 a.m.

Auction Location: Ames Wildcat Civic Center, Ames, OK

This land is located 2 miles W. of Ames, then 5/8 mile S. following the blacktop to the northeast corner of the property. It is situated near the Cimarron River in an area well known for its abundant population of Whitetail deer, Rio Grande turkey, quail, and predators. There is adequate timber for wildlife habitat and livestock shelter, and for plenty of privacy for a rural home or weekend family retreat. There is irrigation and municipal water wells in the general area and blacktop access to all of the surrounding communities. According to the Major Co. F.S.A., this property is in an F.S.A. unit, including the entire SE/4. Estimates provided by them indicate this 100 +/- acres to have approx. 26.52 acres of cropland with a 20.1 acre wheat base & a 23 bu. per acre PLC yield. Principle soil type of the cropland is Waldeck loam, Class II; with a small amount of Eda sand, Class III & Carwile-Lovedale, Class V. The balance of the farm is in timber & grass. Legal: S/2 of SE/4 & S/2 S/2 N/2 of SE/4 of Sec. 2, Twp. 20N, R10W 16 Taxes for Entire SE/4: approx. $300.00. The 2017 taxes will be prorated to the day of closing based upon an estimate to be provided by the Major County Assessor. Crop: no crop nor any F.S.A. payments for the 2017-2018 crop year are being sold or transferred Minerals: will be offered separately and after the sale of real estate Possession: at closing, subject to the existing ag lease which expires July 15, 2018 Terms: 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.

Minerals will be offered after the Real Estate!

Minerals: All minerals in, under, and to the above described surface. Production is from the Fisher #2-2 with a royalty interest of 0.03178840, paid by Waggoner Oil & Gas Corporation of Fairview. Recent check stub states the 2017 Net Income through 05/2017 is $691.48. There is additional production from the Morgan Unit A 2-2 with a royalty interest of 0.03178832, paid by Chesapeake Operating, LLC of OKC. Recent check stubs state the Net Income from 02-05/2017 is $265.38. Terms & Conditions: 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. Buyer will have 20 days to examine the county records & satisfy their self as to the title. Closing is to be on or by December 5, 2017.

Disclaimer: All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employers. Buyers should satisfy themselves as to acreage, crop base, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising.

Seller: The Estate of Richard Charles Steckler & The R.B. Steckler Trust