Online Bidding begins at 8:00 am CDT Friday, September 8th, and will end at 12:00 noon CDT Thursday, September 14th. The auction will "soft close" with 5 minute increments until 5 minutes elapses with no new bids on either tract. ****When you are bidding, make sure you are bidding on the correct Tract. You may bid on either tract, or both tracts.**** AUCTION INFORMATION MEETING Tuesday, August 29, 2017 at 1:00 pm FirstBank Southwest - Community Room 115 S. Main St., Booker, TX 79005 Located approximately 7 miles north of Booker, Texas, this 400 + acres of grassland will be divided into two non-contiguous tracts and be offered for sale in an absolute online auction September 8 – 14, 2017. Both tracts have good access via all-weather county roads and have level to gently rolling terrain. Both tracts have a good stand of grass and there are two wells with submersible pumps providing livestock watering. This property would make a great addition to any cattle grazing operation. Tract 1: This 160 + acre tract currently has a good stand of old world bluestem grass that has not been grazed the entire 2017 growing season. The property is fairly level with a gentle slope on the east side, and would be very suitable for cultivation. There is a good set up for livestock water with a submersible 8-10 gpm pump. The well is set up with a timer and a tank with an overflow into a small earthen pond. 2016 Property Taxes = $224.00 Tract 1 Legal Description: NE/4 of Section 9, all in T1N, R24E of Cimarron Meridian, Beaver Co., OK, Surface Only. Tract 2: This 240 + acre tract has a good stand of Old World Bluestem grass that has not been grazed the entire 2017 growing season. The terrain is level to gentle rolling. A dry creek bed that can be crossed most anywhere is a good source for winter grass. There is a small grove of trees in the far northeastern corner of property. There is a water well with submersible pump, timer and tank with an overflow. Wildlife in the area include deer, quail and turkey, offering some hunting potential. 2016 Property Taxes = $332.00 Tract 2 Legal Description: SE/4 and S/2 of the SW/4 of Section 8, T1N, R24# of Cimarron Meridian, Beaver Co., OK, Surface Only. Wind Royalty Lease: Tracts #1 and #2 are a part of the Blue Stem Wind Project, developed by RES and purchased by Exelon Generation in December, 2015. This wind project was completed in early 2017. There are no wind turbines currently on this property. This Wind Royalty Lease WILL CONVEY to the Buyer(s). We will post this Lease in the Auction Documents, as soon as it has been made available to us. Transmission Line Easement: Tract #2 has a Transmission Line Easement with Plains and Eastern Clean Line Oklahoma LLC. This easement will be a part of the Warranty Deed. The Remaining Easement Consideration Payment and any Extension Payments due to Seller will be RESERVED by the Seller. Payments for Structure and Damages per the Structure and Damages Calculation Sheet WILL CONVEY to the Buyer. This easement will be a part of the Warranty Deed. We will post this Lease in the Auction Documents, as soon as it has been made available to us.
From the intersection of SH 23 and SH 15 in Booker, Texas go north on SH 23 for 3 miles to the Texas/Oklahoma border. Continue north approximately 4.25 miles to E0310 (CR31) and turn east. Go east one mile to N140 (CR 140) and the southwest corner of Tract #2 (CR 142). Continue east two miles to N1420 (CR 142), turn north, and go ½ mile to the southeast corner of Tract #1.Get Directions
PROCEDURE: This 400 + Acres of Grassland in Beaver County, OK will be offered in two (2) individual tracts. Online bidding will take place beginning at 8:00 am CDT Friday, September 8th and will “soft close” at 12:00 noon CDT Thursday, September 14th. At 12:00 noon CDT on Thursday, September 14th, bidding will continue in five minute increments until five minutes have passed with no new bids. BIDDER QUALIFICATION: YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Potential bidders must register to bid at this auction through our Clift Land Auctions App. This app is available on our website at CliftLandAuctions.com/online-auctions. You may also download this app from Google Play or the Apple App Store to your mobile devices. Your registration must be approved by Clift Land Auctions before you can bid. You must agree to the auction terms and conditions during the registration process. BUYER’S PREMIUM: A five percent (5%) Buyer Premium is in effect for all purchases. The Buyer Premium will be added to the “Auction Price” to determine the “Sales Price” or “Contract Price”. ACCEPTANCE OF BID PRICES: This is an Absolute Auction. The successful bidder will sign a purchase agreement within two(2) hours of the close of the auction. DOWN PAYMENT: Ten percent (10%) down payment upon signing a purchase agreement The down payment may be paid in the form of personal check, business check, cashier’s check, or wire transfer. The remainder of the purchase price is payable in cash at closing. REAL ESTATE TAXES AND ASSESSMENTS: The Property Taxes will be prorated to the date of closing. Seller shall have paid all Property Taxes for prior years before closing. The Buyer will be responsible for any “rollback” in the property taxes. The Buyer will be responsible for all additional taxes imposed after the date of execution of the Warranty Deed by seller as a result of any change in use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the Buyer and the Buyer’s heirs, personal representatives and assigns. BROKER PARTICIPATION: Contact the Auction office to obtain the broker participation guidelines. CLOSING: Will take place on or before January 3, 2018, or as soon as applicable closing documents are completed. POSSESSION: Possession will be given at closing and funding. Buyer(s) will have the option of early possession with an Early Possession Agreement. TITLE: Seller shall provide an Abstract of Title in the amount of the purchase price. Buyer will be responsible for all expenses related to acquiring a mortgagee’s title policy, if required. Seller shall execute a Warranty Deed conveying the real estate to the Buyer. PROPERTY CONDITION: Property to be sold AS IS—WHERE IS and no warranty or representation, either express or implied, will be given to any bidder or Buyer. Buyer shall release Seller of any and all liability. EASEMENTS AND LEASES: Sale of the property is subject to any and all easements of record and any and all leases. Tract #2 has a Transmission Line Easement with Plains and Eastern Clean Line Oklahoma LLC. The Remaining Easement Consideration Payment and any Extension Payments due to Seller will be RESERVED by the Seller. Payments for Structure and Damages per the Structure and Damages Calculation Sheet WILL CONVEY to the Buyer. This easement will be a part of the Warranty Deed. **See Easement for details. MINERAL RIGHTS: Seller does not own any mineral interest, therefore no minerals will convey. WIND RIGHTS & ROYALTIES: Tracts #1 and #2 are a part of the Blue Stem Wind Project. The existing Wind Royalty Lease WILL CONVEY to the Buyer(s). **See Wind Royalty Lease for details. SURVEY: No survey will be provided by the Seller. AGENCY: Clift Land Auctions, LP and Clift Land Brokers and its representatives are exclusive agents of the Seller. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in the promotion and advertisement of this auction is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller, the broker, the auction company or any of their respective representatives. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Bidders should completed this due diligence prior to bidding on this auction. Increments of bidding are at the direction and discretion of the auction company. The seller, broker and auction company reserve the right to preclude any person from bidding, if there is any question as to the person’s credentials, fitness, etc. All decisions of the auction company are final. SELLERS: Rex Neal and Diana Faye Hoover. Seller is a Licensed Texas Real Estate Broker.
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