Cherokee, OK 73728 - Alfalfa County

160 +/- Acres | Productive Alfalfa Co., OK Farm | Cherokee Area

AUCTION

Friday June 2, 2017 10:00 a.m.

Auction Location: The Baker Building, 122 S. Grand Ave., Cherokee, OK

This 160 +/- acres is located 2 miles S. of Cherokee on SH 8 (3 miles N. of Cozy Curve), then 3 miles E. on Garvin Rd. (blacktop/Salt Crystal Digging), & mile S. According to the Alfalfa Co. F.S.A. there are 103.01 acres of cropland with a 101.3 acre wheat base and a PLC yield of 36 bushel per acre. Principle soil types of the cropland include Reinach very fine sandy loam, Class I & Yahola fine sandy loam, Class III. The balance of the land is in grass pasture, scattered trees & creek. This is an unusual opportunity to purchase a good livestock/sm. grain farm that has been in the same family for many years. Legal Description: SE/4 of Sec. 30, Twp. 26N, R10 W.I.M., Alfalfa Co., OK 16 Taxes: were approx. $722.00. The 2017 taxes will be prorated to the day of closing. Crop: Does not sell. Minerals: Do not sell. 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 presently growing 2016-2017 crop or July 1, 2017, whichever is later. 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, etc. prior to auction day. Announcements made day of auction take precedence.

Seller: The Dennis P. Morehart Revocable Trust