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5/30 480 Acres Surface & Minerals CHATTANOOGA, DEVOL OK AREA

Auction Location: 130 E 1st Street, Grandfield Community Bldg., Grandfield Ok
480± Acres
Live Offsite With Online Bidding

Auction Date / Time

THURSDAY - May 30th - 1:00 pm

KATHERINE RAINBOLT TRUST LAND AUCTION

480 ACRES SURFACE & MINERALS – COTTON COUNTY OK

CROPLAND – CHATTANOOGA, DEVOL OK AREA

Tract 1

Directions to farm:  N 2460 Rd & E 1930 Rd Devol OK 73531

Tract 1 From HWY 70 & Road 2460 on the West side of Devol Ok you go 1 1/2 miles North on Road 2460 on the East side of the road.

Legal description: NW4 17-4S-13W W.I.M. Cotton County Ok

This farm consists of 156.23 ac, cropland 143.51 acres with  a Wheat base  94.58 with 28 yield, Cotton 39.2 with 761 lb, Generic 9.78 with 9.78  total base 143.48

Principal Soils: Foard-Hinkle IV, Tillman- Foard IIe,Zaneis loam IIe

Taxes: 2018 taxes were, $357.00. 2019 taxes will be prorated to the day of closing.

Minerals: Any interest seller owns will transfer with surface, seller believes they own 100%. No guarantee is being made. No abstracting will be brought to date on minerals and they will transfer with Mineral Quit Claim Deed only.

Possession: Will be given after the harvest of the 2019 wheat crop after harvest,  and the remainder after the harvest of 2019 Cotton crop.

Tract 2

Directions to farm: N 2480 Rd & E 1800 Walters OK 75372

From the Chattanooga Airport which is HWY 36 & HWY 5, go 7 miles East on HWY 5 to Road 2480 (Apeatone elevator) then go 2 miles North on Road 2480 on the West side of the road.

Legal description: NE/4 9-2S-13W W.I.M. Cotton County Ok

Principal Soils: Foard-Hinkle IVs,

Taxes: 2018 taxes were, $378.00. 2019 taxes will be prorated to the day of closing.

Minerals: Any interest seller owns will transfer with surface, seller believes they own 100%. No guarantee is being made. No abstracting will be brought to date on minerals and they will transfer with Mineral Quit Claim Deed only.

Possession: After the 2019 Wheat harvest.

Tract 3

Directions to farm: N 2480 Rd & E 1810 Walters OK 75372

This property joins tract 2 on the south.

Legal description: SE/4 9-2S-13W W.I.W. Cotton County Ok

Principal soils: Tillman- Foard Ile, Foard-Hinkle IVe, Vernon clay IVe

Taxes: EST. 2018 taxes were, $354.00. 2019 taxes will be prorated to the day of closing.

Minerals: Any interest seller owns will transfer with surface, seller believes they own 100%. No guarantee is being made. No abstracting will be brought to date on minerals and they will transfer with Mineral Quit Claim Deed only.

Tract 2 and 3 Farm Services records  are combined. This land consists of 313.39 ac, 307.03 Cropland . With a Wheat base of 233.72 a and yield of 28 bu, Cotton 73.3 ac with a yield of 713 lb, total base ac 307.02

Internet Bidding: will be available by clicking the online bidding link to register. Neither the Auction Company or the Seller is responsible in the event of loss of internet signal by either side.

Auctioneer comments: We at Lippard Auctions are very pleased to offer these three tracts of land that has been well maintained. If looking for your first purchase or wanting to add to you exciting operation this is for you. Remember this auction is off site at the Grandfield Community Building in Grandfield Ok at 1:00 pm

For information or questions call Rodney Timm at 589-548-6652

Seller: Katherine Rainbolt Trust

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Rodney Timm

580-548-6652