200± ACRES * SURFACE w/ MINERALS * GARFIELD COUNTY, OKLAHOMA * ENID -KREMLIN AREA – Offered in 2 Tracts CROP & PASTURE LAND

VIC & MARLA REMPEL AUCTION

THURSDAY MAY 7^TH                10:00AM

AUCTION LOCATION: Zaulodek Community Center, (corner of 30st. & Keowee Rd), Kremlin, Oklahoma

TRACT 1 – Surface & Mineral Rights Only

NW/4 of 12-23N-6 W.I.M. Garfield County, OK.

Directions: From Hwy 45 & 81 North of Enid, OK. Go 2-Miles East of 30^th St, then 2 Miles North to Robertson Rd, 2 Miles East to the property or from Kremlin, Ok. 2-miles East to curve, then 4- miles south

Taxes: $474.00

Possession: will be given at closing

This very nice quarter section of land is comprised of approximately 160± acres. According to the county Farm Service Agency there is 141.76 DCP cropland with 127.30 wheat base and a 38-bushel yield. Balance is in creek, timber and grass. There is perimeter fencing, electric power on the north and west, with gravel road on the north.
Principal Soils are: Kirland Silt Loam, 0-1% slopes class III; Kirkland – Renfrow complex, 1-3% slopes, Class III; Renthin-Masham Complex, 3-5% slopes, class III; Grainola-Masham complex, 3-5% slopes, class IV &VI. The minerals on this property are currently open. Seller believes he owns 100% of the minerals per last time it was leased.
Minerals will transfer by a Quit Claim Mineral Deed.

TRACT 2 – Surface & Minerals

SE/4 of SE/4 of 15-23N-6 W.I.M. Garfield County, OK.

Directions:  From Hwy 45 & 81 North of Enid, OK. Go 3-miles east to the property Or from Kremlin, Ok. Go 2- miles East to curve then 6-miles south, then 1-miles west

Taxes: $136.00

Possession: will be given at closing

This tract of land consists of approximately 40± acres. According to the county FSA office there is 38.66 DCP cropland with 34.30 wheat base and a 38-bushel yiled. The property is currently in native grass with good gravel road on the east and south side and power is on the east. The minerals on this property consist of a 1/8^th of a 1/8^th net interest and is held by production with an annual income of approximately $9.00 per year.
Minerals will transfer by a Quit Claim Mineral Deed.
Principal Soils are: Kirland Silt Loam, 0-1% slopes class III; Norge Silt Loam 3-5% slopes, class III

Auctioneers Note: Vic & Marla have decided to start slowing down and retire from farming, be sure to take a look at these two very nice farms.

Previewing the Land: can be done during daylight hours.

Pre-Auction Offers: No pre-auction offers will be entertained prior to auction day

Wind Lease: None

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 internet signal by either side.

Terms: 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. Note: Abstract will be brought to date for surface rights only. Minerals will be conveyed by a Mineral Quit Claim Deed.

Disclaimer: All information has been taken from sources believed reliable; however, no guarantee is being made by the auction company nor the seller. Bidders should satisfy themselves as to any inspections prior to bidding. Financing, if being use must be in place prior to bidding. Any announcements made the day of the auction shall supersede all marketing or comments.

SELLER: VIC & MARLA REMPEL