Garber, OKGarfield County

2 Highly Productive Grain/Livestock Qtrs*Garfield Co., OK*Garber, OK Area*Flood Control Lake, Pond, Beautiful Home Sites, Rural Water, & More

Date: Wednesday May 21, 2008 Time: 10:00 a.m.

Location: The Board Room, north side of the Coliseum of the Chisholm Trail Expo Center, 111 West Purdue, Enid, OK

Contact Vicki Wiggins Brown, Auction Manager, at 580-554-4400 for additional info.

Farm #1: This 160 +/- acres is located 5 miles north of Garber, OK on US 74. According to the Garfield County FSA there are approx. 74.24 acres of crop land with a 74.9 acre wheat base, and 28 bushel per acre yield. The balance of the farm is in good Bermuda and native grass pasture. There is a nice size pond, good fences, rural water along the highway, and excellent rural home sites. This is a highly productive grain/livestock farm.

Legal Description: The NW/4 of Sec. 1, Twp. 23 N, R 4 W.I.M., Garfield Co., OK

Taxes: The 2007 taxes were approx. $496.40.

Farm #2: This 160 +/- acres joins Farm #1 on the east and according to the FSA has approx. 71.15 acres of crop land with a 77.6 acre wheat base, and a 28 bushel per acre yield. The balance of this farm is in good Bermuda & native grass pasture and a timber lined creek, excellent for wildlife habitat. In addition, there is a flood control lake which can maintain up to approximately 20 acres of water, beautiful rural home sites, outstanding outdoor sports potential, a good county road just ½ ml from hwy, good fences, and rural water along the east side. This is a highly productive grain, livestock farm with unlimited outdoor sports potential.

Legal Description: The NE/4 of Sec. 1, Twp. 23 N, R 4 W.I.M., Garfield Co., OK.

Taxes: The 2007 taxes were approx. $424.52

General Statements

Possession: Possession is to be given upon payment in full of the purchase price and transfer of title, subject to the existing agricultural lease which expires after the completion of the harvest of the 2007-2008 wheat crop or July 15, 2008, whichever is later.

Crop: Does not sell.

Minerals: Do not sell.

Order of Auction: Farm #1 will be offered, and the bid rested; Farm #2 will be offered, and the bid rested; then the two farms will be offered together.

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. 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. Any announcements made the day of the auction supersede all advertising