26319 St. Hwy 74, Deer Creek, OK 74636 - Grant County

78.37 ACRES * DEER CREEK, OK. AREA

HOME * CROP * GRASS * WET CREEK

AUCTION

No Minimums No Reserves

MONDAY JULY 14, 2014 2:00PM

AUCTION LOCATION: 26319 St. Hwy 74 Deer Creek, OK. 74636

Corner of Harper Rd & Hwy 74. From Hwy 11 & 74 (Lamont, OK) go 6 miles north on Hwy 74

This farm consists of approximately 78.37 acres and is improved with an older home that was built in 1910, but has had some updates and improvements through the years. The home has 3-4 bedroom, 1.5 bath, large fireplace in the living area, several storage/laundry rooms. There is CH&A and an attached 3 car garage, and a couple of older out buildings. The home has private water well, septic and good Hwy 74 access. The balance of the farm is in good cropland, Bermuda/native grass pasture with some scattered timber, wet creek and pond.

Legal Description: 78.37 in E/2 of SE/4 of 30-27N-3 W.I.M. Grant County, OK.

Taxes: $397.19

F.S.A. Information: 31.24 cropland acres; 30.5 wheat base acres; 39 bushel yield

Longitude: 97,33,8W

Latitude: 36,47,10N

Soil Types: Tabler Silt Loam, 0-1% slopes, class II; Kirkland Silt Loam, 0-1% slopes, class II; Kirkland Silt Loam, 1-3% slopes, class III; Norge Silt Loam, 3-5% slopes, class III

Minerals: will sell separately from the surface rights! No production. Sellers believe they own 100% of the minerals. Released till 2017 with 3/16th. Mineral deed only will be conveyed at closing.

Possession: Subject to existing leases in effect. The home is currently occupied and the lease runs through March 31, 2015 with a monthly payment of $160.00. Possession of the farm: will be given after the harvest of the 2015 wheat crop. Tenant pays second payment of $500.00 Jan 1st and buyer will get that payment.

Internet Bidding: will be available by logging on to Proxibid at least 48hrs prior to auction to register. Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side.

Terms/Conditions: 10% of the total purchase is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company or the seller. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction supersede all advertising.

SELLER: KREHBIEL HEIRS