Covington, OK (Garfield County)

Tract #1: This 160 +/- acres is the auction site. There appears to be about 105.77 acres of cropland. Principle soil types of the crop land are Kirkland silt loam and Zaneis loam, Class II; and Kirkland-Renfrow complex, Renthin Masham complex, Grainola-Masham complex, and Zaneis loam, all Class III. The balance of the land is in native grass. Improvements include an older home with 3 bdrms, 1 bath, living room, kitchen, utility, and an attached garage; barns, sheds, farm buildings, and water well. Legal: SW/4 of 26-21-3, Garfield Co., OK.

Tract #2: This 80 +/- acres joins Tract #1 on the north. It is currently all grassland, of which is approximately 41.6 acres were formerly in cultivation. The farm is presently utilized as a hay meadow, and there is a small pond and some timber that provides excellent wildlife habitat. Legal: S/2 of NW/4 of 26-21-3, Garfield Co., OK, less that part conveyed for railroad.

Order of Auction: Tracts #1 and #2 will be offered separately, then together.

Tract #3: 40 +/- acres located at the east edge of Hayward. (From the Hayward Exit on Highway 164, 4/10 mile south, then approximately ¼ mile east on Cherokee Street to the southwest corner of land.) There appears to be about 314 acres of cropland with the balance in grass. Principle soil types are Kirkland-Renfrow and Renthin-Masham complex, Class III. This land will add nicely to your farming operation and is an excellent home site. Legal: SE/4 of SW/4 of 22-21-3, Garfield Co., OK

Tract #4: Lots 1-6 and 19-24 in Blk 8, Town of Hayward.

Tract #5: The east 75 ft. of Lot 10, Blk 7, Town of Hayward.

General Statements

F.S.A. Information: According to the F.S.A., tracts #1 and #2 are in an F.S.A. unit with 147.4 acres of cropland and a 135.9 acre wheat base and 31 bushels per acre average. There is also a 7.6 acre Barley base with a 35 bushel yield. Tract #3 shows 31.4 acres of cropland with a 28.9 acre wheat base and 31 bushel yield and a 1.6 acre barley base with a 35 bushel yield. The lots in Hayward shows 4 acres of cropland with a 1.3 acre wheat base and a .1 acre barley base with a 35 bushel yield. Minerals: The minerals in and to Tracts #1, #2, and #3 will be auctioned following the auction of the surface. The minerals appear to be intact, not producing, and open for lease. Minerals, if any, in any to Tracts #4 and #5 (the Hayward lots) will transfer with the surface. Taxes: Will be prorated to closing. Crop: 1/3 of the 2010-2011 wheat crop sells with the land. Possession: Possession of the grassland will be given upon payment in full of the purchase price and transfer of title. Possession of the cropland will be given upon payment in full of the purchase price and transfer of title subject to the existing lease which expires upon completion of the harvest of the 2010-2011 wheat crops or July 1, 2011, whichever is later. Terms: 10% down w/bal. due on del. of merchantable title. Sale is subject to confirmation by the District Court of Garfield Co., OK.

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