NW/4 of 28 -21N-3 W.I.M., Covington, OK 73730

Auction 8/5 at 10am! 160± Acres Cropland, Grass, Timber

MLS NOTE: This is a public auction. The price listed above is a low estimated value of what the property could sell for. The high estimated price is $352,000. This is not a foreclosure property! Please if you have questions contact us JOHN C. FORTNEY AUCTION FRIDAY AUGUST 5TH 10:00AM AUCTION LOCATION: 209 N. 2ND Covington, Oklahoma (Covington Fire Department) (all tracts will be sold from this location) TRACT 1 NW/4 of 28-21N-3 W.I.M. Garfield Co. OK. (160 acres) Surface Rights Only Directions to Farm: From Covington, OK. Hwy 74 & 164, go approximately 3 miles east on Hwy164 to Knox Rd, then 1/2 mile south. Watch for signs. Taxes: $671.00 Description: This tract consists of approximately 160 acres more or less. According to the county FSA office there is 106.69 DCP cropland acres with a 100.0-acre wheat base and a 33- bushel yield. Balance of the farm consists of grass pasture and timber. Good county gravel road access on north and west. There is perimeter fence on the south and east. Principal soils are: Bethany Silt Loam, 0-1% slopes, class II; Kirkland-Renfrow complex, 1-3% slopes, class III; Renthin-Masham complex, 3-5% slopes, class III Possession: will be given after the harvest of the existing crop Wind Lease: There is a current wind lease on this property. Seller is retaining all income till maturity of existing lease.Internet Bidding: will be available by logging on to lippardauctions to register. Neither the auction company nor the seller is responsible in the event of loss of internet signal by either side. Wind Lease: Seller is retaining all wind lease income to maturity of each current lease. Land owner will retain any surface damages. Pre-Auction Offers: no pre-auction offers will be accepted prior to auction day. Pre-Viewing Land: can be done during daylight hours only. Terms on land: 10% of the total purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title. Terms on Minerals: 10% of the total purchase price is to be placed in escrow the day of the auction with balance due at closing. A Mineral Quit Claim Deed will be provided at closing. No abstract will be provided. Buyers will have 30 days to do their due diligence and submit any objections in writing. Disclaimer: All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company nor the seller. Buyers should satisfy themselves as to any inspections prior to bidding. Any announcements made the day of the auction shall supersede all advertising or comments. SELLER: JOHN C. FORTNEY