Renfrow, OK 73759 - Grant County

Brian Rose of United Country - Rocking X Land Company, Ltd. of Garden City, Kansas is offering for sale 159.47 Acres of Farm Land and Pasture in Grant County, Oklahoma. This land is located 10-miles north-northwest of Medford and 6.5-miles west of Renfrow at the intersection of Logan Rd. and County Road 940. Consisting of 158.85 FSA Cropland Acres, this land is currently owned by an out-of-state owner and has been farmed by a local tenant. The Seller will give up immediate possession upon closing. This land will sell as the surface-only, as the Seller has elected to reserve all of the mineral rights.

SELLER: Easton Land Company, LLC

LEGAL ADDRESS: The Southeast Quarter (SE/4) of Section Six (6), Township Twenty-Eight (28) North, Range Five (5) West of the Indian Meridian, Grant County, Oklahoma

FSA BASES / YIELDS: Wheat: 157.60 Acre Base - 35 Bu/AC PLC Yield

POSSESSION: Immediate possession will be given upon closing.

DIRECTIONS:

From Highway 81 at Renfrow, Oklahoma; drive 6.5-miles west on Logan Road to the Subject Property

From Medford, Oklahoma; drive north on Front St. for 8-miles. Turn West on Logan Road and drive 2-miles to the Subject Property.

TAXES: 2014 Taxes were $400.00

TERMS AND CONDITIONS OF SALE:

By participating in this auction, bidders hereby agree that their bid shall NOT BE SUBJECT to the bidders ability to obtain financing. By placing a bid in this auction, bidders are making a cash offer to purchase the property. Financing is NOT a contingency in the purchase agreement.

Winning bidder hereby agrees to enter into a Contract to Purchase the property within 24 hours of being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email or fax a Contract to Purchase the property. A signed copy of the contract must be received by United Country - Rocking X Land Co. within 24 hours of the end of the auction.

Under no circumstances shall Bidder have any kind of claim against United Country - Rocking X Land Co., or anyone else if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues, which are outside the control of the auction company.

BUYERS PREMIUM: 5% Buyers Premium shall be added to the final bid price placed online which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyers Premium of 5% shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property.

ESCROW: An escrow deposit of Ten Percent (10%) of the total contract purchase price (which includes the buyers premium) must be received by Grant County Abstract Co. in Medford, Oklahoma within 48 hours of the close of the auction. Acceptable forms of payment include cashiers check, personal or corporate check or wire transfer. The balance will be due in full at closing.

CLOSING: Buyer must close sale of real property on or before Wednesday, January 6th, 2016, at Grant County Abstract Co., 101 West Cherokee in Medford, OK 73759. TIME IS OF THE ESSENCE. The entire purchase price must be paid by Cashier/Certified check or wired funds at closing. No purchase is contingent on financing. Buyer is entitled to a deed for property upon full payment. Buyers should have all tests and inspections completed prior to the date of the auction. Only the Purchase Contract shall set forth Seller's obligations to the successful Bidder. Out of area buyers will be afforded the opportunity to close via email, mail and wire transfer of certified funds. Possession of the property will be given at closing.

TAXES: Seller shall pay 2014 taxes and all prior years. 2015 taxes will be pro-rated to the date of closing.

TITLE/CLOSING COSTS: Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing. Preliminary Title insurance has been prepared by Grant County Abstract Co. and will be updated with Buyer information prior to closing. Buyer is responsible for cost of lender's policy.

TITLE EVIDENCE/DEED: Seller will deliver to Buyer an insurable deed for the Property at time of closing, conveying clear and marketable title of surface rights to said Property, free of all encumbrances, liens and judgment, except for those lawful conveyances and restrictions that exist on record before the date of the auction, as noted in the title insurance commitment.

ARBITRATION: For disputes that are not resolved by the parties within 10 days after either party gives notice to the other of its desire to arbitrate the dispute, the dispute shall be settled by binding arbitration by the American Arbitration Association in accord with its then-prevailing rules. Judgment upon the arbitration award may be entered in any court having jurisdiction. The arbitrator shall have no power to change the provisions of this Agreement. The arbitrator shall consist of one arbitrator, who must be a real estate attorney actively engaged in the practice of law for at least the last five years.

BIDDER'S DUTY TO INSPECT: All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller, the auctioneers, or any other person or entity. Personal onsite inspection of all property by potential bidders is strongly recommended. All sales are subject to the conditions and terms contained herein. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, rights-of way, or any other information that can be obtained as public record in the county courthouse or any municipal office concerning subject properties. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information. Please note that you are bidding to purchase the Property "As Is, Where Is" with no guarantee or warranty. Property sells subject to Owner Confirmation.