3/7 1,560± ACRES * CIMARRON COUNTY * OKLAHOMA

Auction Location: 1104 N. Cimarron (Head Start Bldg. Fairgrounds) Boise City, Oklahoma 73933
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Live Offsite With Online Bidding

Auction Date / Time

Thurs - March 7, 2019 -10 am CST

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1,560± ACRES * CIMARRON COUNTY * OKLAHOMA * CROPLAND
MULTIPLE TRACTS
ABSOLUTE AUCTION
Lippard Auctioneers, Inc. is excited to present the Rahm family land at Absolute auction with No minimums or reserves! These properties are located east and west of Boise City, Oklahoma and will be presented in (6) tracts with some combinations. This land is all cropland and lies very nicely with good soil classifications and very good access. Be sure to attend this auction as the all of the land sells with No Reserve!

Tract 1

Legal Description: NE/4 of 3-2N-7 E.I.M. Cimarron County, Oklahoma (162.39± acres)

Taxes: $176.00

Description: This tract consists of approximately 160 acres. According to the county F.S.A. office there is 161.84 DCP cropland acres with 89 acre wheat base, 23 yield, and 34 acre grain sorghum base, 35 yield. Soils are Gruver Loam, 0-1% slopes, class I and Sherm Clay Loam, 1% slopes, class II. There is good access by gravel county roads on the north side.

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 7.3 miles to CR 380, then 2 miles south to CR23, then go east 2.5 miles to farm. (All blacktop except last 3 miles of gravel road)

Tract 2

Legal Description: SE/4 of 4-2N-7 E.I.M. Cimarron County, Oklahoma (160.10±)
Taxes: $167.00

Description: This tract consists of approximately 160 acres. According to the county F.S.A. office this tract is combined with Tract 3 and has 234.32 DCP cropland acres with 77.8 wheat base acres, 23 bushel yield and 137.1 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 7.3 miles to CR 380, then 3 miles south to CR24, then go east 1.5 miles to farm (all blacktop except ½ mile of gravel road, joins Tract 3 on east)

Tract 3

Legal Description: E/2 of SW/4 4-2N-7 E.I.M. Cimarron County, Oklahoma (80.05± acres)

Taxes: $92.00

Description: This tract consists of approximately 80.05 acres. According to the county F.S.A. office this tract is combined with Tract 3 and has 234.32 DCP cropland acres with 77.8 wheat base acres, 23 bushel yield and 137.1 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I, Conlen-Dalhart Complex 1-3% slopes, class III

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 7.3 miles to CR 380, then 3 miles south to CR24, then go east 1 ¼ miles to farm. (All blacktop except 1/4 mile of gravel road, joins Tract 2 on west)

Tract 4

Legal Description: N/2 of 23-3N-6 E.I.M. Cimarron County, Oklahoma (320±)

Taxes: Est. $330.00

Description: This tract consists of approximately 320 acres. According to the county F.S.A. office this tract is combined with Tract 5 and has 628.71 DCP cropland acres with 232.6 wheat base acres, 23 bushel yield and 217.4 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I; Dalhart Fine Sandy Loam, 0-1% slopes, class III; and Sherm Clay Loam, 0-1% slopes, class II; Conlen-Dalhart complex, 1-3% slopes, class III

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 4.3 miles to CR35, then ½ mile north to farm. (All blacktop and joins Tract 5 on the north). CR 35 blacktop on west side of farm runs north to Hwy 412, as well.

Tract 5

Legal Description: S/2 of 23-3N-6 E.I.M. Cimarron County, Oklahoma (320±)

Taxes: Est. $330.00

Description: This tract consists of approximately 320 acres. According to the county F.S.A. office this tract is combined with Tract 4 and has 628.71 DCP cropland acres with 232.6 wheat base acres, 23 bushel yield and 217.4 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I; Dalhart Fine Sandy Loam, 0-1% slopes, class III; and Sherm Clay Loam, 0-1% slopes, class II; Conlen-Dalhart complex, 1-3% slopes, class III. There is electric power on the south and west side of farm. Blacktop roads provide good access on south and west sides.

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 4.3 miles to farm. (All blacktop and joins Tract 4 on the south). CR 35 blacktop on west side of farm runs north to Hwy 412, as well.

Tract 6

Legal Description:SE/4 and SW/4 and NW/4 and SW/4 of NE/4 of 34-3N-3 E.I.M. Cimarron County, Oklahoma (520±)

Taxes: Est. $626.00

Description: This tract consists of approximately 520 acres. According to the county F.S.A. office Tracts 6, 7, & 8 are combined and are comprised of 506.91 cropland acres with 457.35 acre wheat base, 20 bushel yield and 46.45 acre grain sorghum base and 28 yield. Soil are Dalhart Fine Sandy Loam, 0-1% slopes, class III and Rickmore Fine Sandy Loam, 0-1% slopes, class III. There is electric power on the south side of property.

Directions to farm: From the courthouse in Boise City, Oklahoma, take Hwy 412 south 4.3 miles to CR22 (blacktop), then go west 6 miles, then 1 mile south, then 2 miles west to property (All blacktop road access to property)

Current Ag Lease:
Tract 1-5
Buyer will receive the 2nd payment that is due July 1,2019. Current tenant pays $24,636 annually with payments due Jan 1st and July 1st every year.
Payments will be prorated to each tract per acre.
2nd half payment Estimated:
Tract 1 $1,917, Tract 2 $1,890, Tract 3 $945, Tract 4 $3,778, Tract 5 $3,778

Tract 6
Buyer will receive the 2nd payment that is due July 1,2019. Current tenant pays $14,560 annually with payments due Jan 1st and July 1st every year.
2nd half payment Estimated:
Tract 6 $7,280

Possession on all tracts: will be January 1,2020 or after the harvest of the existing planted crop.

Seller is not accepting any offers prior to this auction.
Property Viewing: available during daylight hours, Do not drive on crops!

Minerals: Selling surface rights only on all tracts

Internet Bidding: will be available by clicking online bidding link 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 price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title.

Disclaimer: 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. All financing must be in order prior to bidding. Any announcements made the day of the auction supersede all advertising.

SELLER: NANCY E. RAHM REVOCABLE TRUST

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1104 N. Cimarron (Head Start Bldg. Fairgrounds) Boise City, Oklahoma 73933

Details

1,560± ACRES * CIMARRON COUNTY * OKLAHOMA * CROPLAND
MULTIPLE TRACTS
ABSOLUTE AUCTION
Lippard Auctioneers, Inc. is excited to present the Rahm family land at Absolute auction with No minimums or reserves! These properties are located east and west of Boise City, Oklahoma and will be presented in (6) tracts with some combinations. This land is all cropland and lies very nicely with good soil classifications and very good access. Be sure to attend this auction as the all of the land sells with No Reserve!

Tract 1

Legal Description: NE/4 of 3-2N-7 E.I.M. Cimarron County, Oklahoma (162.39± acres)

Taxes: $176.00

Description: This tract consists of approximately 160 acres. According to the county F.S.A. office there is 161.84 DCP cropland acres with 89 acre wheat base, 23 yield, and 34 acre grain sorghum base, 35 yield. Soils are Gruver Loam, 0-1% slopes, class I and Sherm Clay Loam, 1% slopes, class II. There is good access by gravel county roads on the north side.

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 7.3 miles to CR 380, then 2 miles south to CR23, then go east 2.5 miles to farm. (All blacktop except last 3 miles of gravel road)

Tract 2

Legal Description: SE/4 of 4-2N-7 E.I.M. Cimarron County, Oklahoma (160.10±)
Taxes: $167.00

Description: This tract consists of approximately 160 acres. According to the county F.S.A. office this tract is combined with Tract 3 and has 234.32 DCP cropland acres with 77.8 wheat base acres, 23 bushel yield and 137.1 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 7.3 miles to CR 380, then 3 miles south to CR24, then go east 1.5 miles to farm (all blacktop except ½ mile of gravel road, joins Tract 3 on east)

Tract 3

Legal Description: E/2 of SW/4 4-2N-7 E.I.M. Cimarron County, Oklahoma (80.05± acres)

Taxes: $92.00

Description: This tract consists of approximately 80.05 acres. According to the county F.S.A. office this tract is combined with Tract 3 and has 234.32 DCP cropland acres with 77.8 wheat base acres, 23 bushel yield and 137.1 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I, Conlen-Dalhart Complex 1-3% slopes, class III

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 7.3 miles to CR 380, then 3 miles south to CR24, then go east 1 ¼ miles to farm. (All blacktop except 1/4 mile of gravel road, joins Tract 2 on west)

Tract 4

Legal Description: N/2 of 23-3N-6 E.I.M. Cimarron County, Oklahoma (320±)

Taxes: Est. $330.00

Description: This tract consists of approximately 320 acres. According to the county F.S.A. office this tract is combined with Tract 5 and has 628.71 DCP cropland acres with 232.6 wheat base acres, 23 bushel yield and 217.4 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I; Dalhart Fine Sandy Loam, 0-1% slopes, class III; and Sherm Clay Loam, 0-1% slopes, class II; Conlen-Dalhart complex, 1-3% slopes, class III

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 4.3 miles to CR35, then ½ mile north to farm. (All blacktop and joins Tract 5 on the north). CR 35 blacktop on west side of farm runs north to Hwy 412, as well.

Tract 5

Legal Description: S/2 of 23-3N-6 E.I.M. Cimarron County, Oklahoma (320±)

Taxes: Est. $330.00

Description: This tract consists of approximately 320 acres. According to the county F.S.A. office this tract is combined with Tract 4 and has 628.71 DCP cropland acres with 232.6 wheat base acres, 23 bushel yield and 217.4 Grain Sorghum base and 35 yield. Soils are Gruver Loam, 0-1% slopes, class I; Dalhart Fine Sandy Loam, 0-1% slopes, class III; and Sherm Clay Loam, 0-1% slopes, class II; Conlen-Dalhart complex, 1-3% slopes, class III. There is electric power on the south and west side of farm. Blacktop roads provide good access on south and west sides.

Directions to farm: From the intersection of Hwy 287 & 412 on the eastside of Boise City, Oklahoma, taken Hwy 287 south 1.5 miles to CR210, then go east 4.3 miles to farm. (All blacktop and joins Tract 4 on the south). CR 35 blacktop on west side of farm runs north to Hwy 412, as well.

Tract 6

Legal Description:SE/4 and SW/4 and NW/4 and SW/4 of NE/4 of 34-3N-3 E.I.M. Cimarron County, Oklahoma (520±)

Taxes: Est. $626.00

Description: This tract consists of approximately 520 acres. According to the county F.S.A. office Tracts 6, 7, & 8 are combined and are comprised of 506.91 cropland acres with 457.35 acre wheat base, 20 bushel yield and 46.45 acre grain sorghum base and 28 yield. Soil are Dalhart Fine Sandy Loam, 0-1% slopes, class III and Rickmore Fine Sandy Loam, 0-1% slopes, class III. There is electric power on the south side of property.

Directions to farm: From the courthouse in Boise City, Oklahoma, take Hwy 412 south 4.3 miles to CR22 (blacktop), then go west 6 miles, then 1 mile south, then 2 miles west to property (All blacktop road access to property)

Current Ag Lease:
Tract 1-5
Buyer will receive the 2nd payment that is due July 1,2019. Current tenant pays $24,636 annually with payments due Jan 1st and July 1st every year.
Payments will be prorated to each tract per acre.
2nd half payment Estimated:
Tract 1 $1,917, Tract 2 $1,890, Tract 3 $945, Tract 4 $3,778, Tract 5 $3,778

Tract 6
Buyer will receive the 2nd payment that is due July 1,2019. Current tenant pays $14,560 annually with payments due Jan 1st and July 1st every year.
2nd half payment Estimated:
Tract 6 $7,280

Possession on all tracts: will be January 1,2020 or after the harvest of the existing planted crop.

Terms

Seller is not accepting any offers prior to this auction.
Property Viewing: available during daylight hours, Do not drive on crops!

Minerals: Selling surface rights only on all tracts

Internet Bidding: will be available by clicking online bidding link 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 price is to be placed in escrow the day of the auction with the balance being due upon delivery of marketable title.

Disclaimer: 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. All financing must be in order prior to bidding. Any announcements made the day of the auction supersede all advertising.

SELLER: NANCY E. RAHM REVOCABLE TRUST

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