Mangum, OK 73554 - Greer County

DATE:

7/08/11, at 10:00 am CST

SALE LOCATION:

Mangum, Oklahoma; at the American Legion Hall (203 S. Oklahoma Ave.)

LEGAL DESCRIPTION:

SURFACE ESTATE ONLY TO THE FOLLOWING TRACTS OF LAND IN GREER COUNTY, OKLAHOMA:

TRACT #1 (910 +/- acres):

Lots 1, 2, 3, and 4, and the S/2 of the N/2 of Section 1, Township 4 North, Range 23 W.I.M.;

Lot 1, Section 2, Township 4 North, Range 23 W.I.M.;

S/2 of Section 1, Township 4 North, Ranch 23 W.I.M.;

SE/4 of the SE/4 of Section 2, Township 4 North, Range 23 W.I.M.;

SE/4 of the NE/4 and the N/2 of the SE/4, Section 2; Township 4 North, Range 23 W.I.M.

TRACT #2 (480 +/- acres):

E/2 of the SW/4 and Lots 3 and 4 in Section 31, Township 5 North, Ranch 22 W.I.M.

E/2 of Section 36, Township 5 North, Range 23 W.I.M.

***UPDATE: TRACTS #1 & #2 will be offered as one unit. Any announcements made day of sale, supersede all other announcements and advertising.

TERMS:

10% of purchase price to be placed in escrow day of sale. Purchaser will have 10 days to examine title. Balance of purchase price to be due and payable upon acceptance of title. All 2010 and prior taxes will be paid by seller, 2011 taxes will be prorated. Possession will be at closing. All property sold as is where is. Auction is not contingent upon buyer securing or obtaining financing.

EASEMENTS:

TRACT #1: One easement, used as such: a landowner to the south uses the main ranch road going through the property to access his adjoining land.

TRACT #2: One easement, used as such: a) two adjoining landowners to the south use the main ranch road, which goes from the county road to south gate, to access their properties; b) Harmon County uses the same road as part of their gravel lease

TOURS:

These two tracts will be shown to prospective buyers from 9:00 am to 5:00 pm on Saturday, June 25th, or a private showing before the auction can be scheduled by calling broker Ben Belew at cell phone (940) 357-9940.

AUCTIONEER'S STATEMENT:

Owners reserve the right to accept or reject all bids. All or part of this property is subject to sale before auctions. Please call auctioneer or broker for updates.

CONTACT:

This auction is a cooperative between River Creek Land Sales, Terri Allen RE/MAX, and Lively Auction Company.

Ben Belew, Broker: (940) 357-9940

David Lively, Auctioneer: (405) 850-5593