CIMARRON COUNTY, OKLAHOMA
REAL ESTATE AUCTION – 1,277Acres
(336 Acres CRP, 29.4 Acres with Vineyard)
(469 Acres Cultivation, Balance Native Grass)
FRIDAY, AUGUST 6, 2004, 11:00 A.M.
PTCI Telephone Company Meeting Room
115 West Main, Boise City, Oklahoma
TRACT #1 Section 5, Twsp. 3, Rnge 3. (641 acres + or -) ASCS records indicate 316 acres in cultivation, balance in native grass.
TRACT #2 Section 6, Twsp. 3, Rnge. 3 less a 29.4 acre
Tract in the NW of Sec. 6-3-3 (606.6 acres + or -).336 acres enrolled in CRP. Annual Pmts. $9,428. ASCS records indicate 153.0 acres in cultivation, balance in native grass.
TRACT #3 A 29.4 acre surveyed tract in the NW of Section 6. Twsp. 3, Rnge. 3. VINEYARD Approx. 3 acres planted to grapes w/electricity, well and drip system.
BIDDING PROCEDURE: The auctioneer will accept bids on each of the three tracts separately. All three tracts will then be combined and offered as one unit. The property will be sold in the manner resulting in the highest total sales price.
Successful bidder(s)will sign a purchase agreement at the auction site immediately following the close of the auction.
TERMS: 10% down payment on the day of auction, upon signing a purchase agreement. Down payment may be paid in the form of cash, approved personal check, approved business check or cashier’s check. Down payment to be paid to the escrow/closing agent named in the contract with the balance of the purchase price due in cash or certified funds upon closing. Buyer and Seller to each pay ½ of the fee charged by the escrow/closing agent.
CLOSING & POSSESSION: Closing shall be held at the office of the escrow/closing agent within 10 business days after approval of title as provided in the purchase agreement. Possession upon closing.
TITLE: Seller agrees to convey property by Warranty Deed. Within 30 days from the date of auction, or as soon as practicable there after, Seller shall deliver to Buyer an abstract of title covering the surface only of said real estate, certified to the date of auction, indicating good and merchantable title in and to said property. Buyer shall have 30 days after receipt of abstract to have it examined. Seller will have a reasonable time thereafter to perform corrective title work if necessary.
TAXES: 2004 Ad Valorem Taxes will be prorated to the day of closing. Buyer to pay 2005 and all subsequent taxes.
CRP & U.S.D.A PAYMENTS: Seller agrees to transfer to Buyer all rights to CRP for 2004 and any DCP or other U.S.D.A payments for 2005 and all subsequent years. Interested parties should contact the Farm Service Agency office in Boise City, Oklahoma for further details
MINERALS: Buyer to receive any and all mineral rights vested in the Seller.
SELLER: Steve & Teresa Cryer
BROKER: ED DESBIEN 580-544-3274
AUCTIONEER & SALES ASSOCIATE: J.L. “PAT� WELDON 580-544-3169
All information contained herein, while not guaranteed, has been gathered from reliable sources. Broker and Auctioneer make no warranties, either expressed or implied. Each potential bidder is responsible for conducting his or her own inspections, investigations, inquiries and due diligence concerning the property. Announcements made day of sale take precedence over printed matter.
DIRECTIONS: 14 Miles West of
Boise City, OK on St Hwy 325 (Kenton Highway),
1 Mile North to the SW corner of Sec. 5-3-3. 15 West &
1 North to SW corner Sec 6-3-3.
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