Auction Information
Online Bidding SiteAuction 8/5 at 10am! 112 Acres Cropland, Pasture, Timber, Pond
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 2
NE/4 of 6-20N-3 W.I.M. Garfield Co. OK. (112 acres) Surface Rights Only
Directions to Farm: From Covington, OK. Hwy 74 & 164 go 4 miles south on Hwy 74 to Lucien Rd, then 1.5 miles east
Taxes: $299.00
Description: This tract consists of approximately 112 acres more or less. According to the county FSA office there is 52.09 DCP cropland acres with a 52.09- acre wheat base and a 33- bushel yield. Balance of the farm consists of grass pasture, pond and timber. Principal soils are: Kirkland-Renfrow complex, 1-3% slopes, class III; Renthin-Masham complex, 3-5% slopes, class III; Grainola, Ashport and Grant soils, 0-20% slopes, class VI; Grainola-Masham Ironmound complex, 5-12% slopes, class VI. This property off...
Description: This tract consists of approximately 112 acres more or less. According to the county FSA office there is 52.09 DCP cropland acres with a 52.09- acre wheat base and a 33- bushel yield. Balance of the farm consists of grass pasture, pond and timber. Principal soils are: Kirkland-Renfrow complex, 1-3% slopes, class III; Renthin-Masham complex, 3-5% slopes, class III; Grainola, Ashport and Grant soils, 0-20% slopes, class VI; Grainola-Masham Ironmound complex, 5-12% slopes, class VI. This property offers good hunting and possibly fishing.
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
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For more information, contact Troy Lippard 580-747-6747
TRACT 2
NE/4 of 6-20N-3 W.I.M. Garfield Co. OK. (112 acres) Surface Rights Only
Directions to Farm: From Covington, OK. Hwy 74 & 164 go 4 miles south on Hwy 74 to Lucien Rd, then 1.5 miles east