2640 Piedmont Road North, Piedmont, OK 73038 - Canadian County

158.38 ACRES * PIEDMONT, OK.

EXCELLENT DEVELOPMENT POTENTIAL

OFFERED IN 3 TRACTS

ABSOLUTE AUCTION 1/10/13 AT 10:00 AM CST

NO MINIMUMS * NO RESERVES

SELLER: DICKERSON FAMILY

THURSDAY JANUARY 10, 2013 10:00AM

AUCTION LOCATION: off-site - First Baptist Church Gymnasium, 15 Jackson Ave. Piedmont, OK. (Corner of Jackson & Piedmont Rd).

This tract consists of approximately 158.38 acres of excellent development land. The property will be offered in (3) individual tracts and then offered back collectively to determine the highest possible price. The property is very well located just on the north side of Piedmont, Oklahoma with good blacktop frontage on the west side and good gravel road on the north side. The property offers excellent home building sites with rolling terrain, timber and creeks. There is (2) 1.31 acre tracts that have previously been sold (the homes) located on the northwest and southwest corners (see Arial map).

Only minutes from 15 minutes from Oklahoma City, Piedmont is a town that has been rapidly expanding in residential and commercial development. If you have been searching for a great building location or a great investment opportunity, be sure to view this property!!

Legal Description: Northwest Quarter (NW/4) of Section (28), Township (14) North, Range (5), W.I.M. Canadian County, OK. Less those tracts previously reserved.

Latitude: 35,39,46N; Longitude: 97,44,41W

Previewing: must be done during daylight hours. Do not drive on wheat crop!

Farm Service Information: According to the Canadian County Farm Service Agency, there is 85.9 acre wheat base with a 36 bushel per acre yield.

Soil Types: Bethany Silt Loam, class I 0-1% slopes; Kirkland Silt Loam, class II & III 1-3% slopes; Renfrow Clay Loam, class III 3-5% slopes and Grant-Port Complex, class VI 0-12% slopes.

Utilities: OG&E electric located on the west and north of property. Piedmont city water located on the west side of property.

Zoning: A-1 Agricultural

Order of Auction: Tract # 1 NW/4 of NW/4 (38.69 acres); Tract # 2 NE/4 of NW/4 (40 acres); Tract # 3 S/2 of NW/4 (78.69 acres); Tract # 1-3 - 157.38 (all tracts collectively)

Minerals: Do not sell. Selling surface rights only!

Possession: will be given after the harvest of the existing wheat crop, unless other arrangements are made with the tenant.

Internet Bidding: will be available BY LOGGING IN 48 hours prior to auction date. Neither Auction Company nor the Sellers is responsible in the event of lost signal by either side.

Broker Participation: is welcome, registration must be done please call Auction Company for guidelines

Terms/Conditions: 10% Buyers Premium will be added to the high bid price to establish the total contract price. 10% of the total contract price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. Financing must be arranged prior to bidding. All information is taken from sources believed reliable; however, no guarantee is being made by the Auction Company or the Sellers. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction supersede all advertising.