Okeene, OK 73763 - Blaine County

Highly Productive Sm. Grain/Livestock Farm

Producing Minerals Offered Separately

Okeene, Blaine Co., OK Area

Date: Wednesday, November 17, 2010

Time: 10:00 A.M.

Location:

The Council Room at the Town Hall, Okeene, OK

Seller: The Ronald B. & Roscina Wilkerson Revocable Living Trust

Auction Manager: Vicki Wiggins * 580-554-4400

This 160 +/- acres is located 7 miles south of Okeene on SH 8. According to the Blaine County FSA this farm has approx. 78.3 acres of cropland with a 77.5 acre wheat base, and 26 bushel per acre yield. Principle soil types of the cultivated land are McLain silty clay loam, 0-1% slopes, Class I & Port loam, 0-1% slopes, Class II. These soils lay level and are easily tilled. The balance of the farm is comprised of good grass pasture, pond, scattered timber, and approx. ½ mile Salt Creek which has plentiful water. In addition, this land is fenced and cross fenced and has rural water across the road west. If you are in the market for a good small grain/cattle farm, be sure to take a look. Legal Description: The NW/4 of Sec. 30, Twp. 18 N., R10 W.I.M., Blaine Co., OK. Crop: Does not sell. Taxes: The 2010 taxes were approx. $513.80 and will be paid by the Seller. The 2011 & any future taxes are to be paid by the Buyer. Minerals: Will be offered separately from the surface. Possession: Possession is to be given upon completion of the harvest of the presently growing 2010-2011 wheat crop or July 31, 2011, whichever is later. Cash Lease Payment: The cash lease payment in the amount of $2,000.00 due and payable in the month of January, 2011 will transfer to the Buyer.

Producing Minerals Will Be Offered After The Surface!

Producing Minerals: Minerals are currently producing from the Meier No. 2-30, operated by Linn Operating, Inc. Seller’s royalty interest is .04573404. Seller's royalty income for 2009 was approximately $7,285.52. Seller's net royalty income from January through September 2010 has been $5,963.38. 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.

Contact Vicki Wiggins, auction manager, at 580-554-4400 for any additional information you may need.Can’t attend the auction? Log on to proxibid to bid from the comfort of your home or office. Call the auction company at least 2 days prior to the auction to register to bid on-line.

Online Bidding by/through Proxibid

877-505-7770

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Wiggins Auctioneers: One Grand Center, 201 N. Grand, Ste 600, Enid, Oklahoma 73701

Phone: (580) 233-3066 or (800) 375-3773

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