8-14 Ogan Land Auction

NOTE: This is an auction. The above mentioned "For Sale" price is not an asking price but rather, a SUGGESTED OPENING BID. 160 +/- Acres | Highly Productive Cropland (Class I Soils) | Good Grass Pasture | Creek Tributary w/ Pond Development Potential | Home Site Potential | Minerals Meno Area, Major Co., OK AUCTION Wednesday August 14, 2024 10:00 A.M. Auction Location: Lahoma Community Bldg., 201 Old Stabe Lane, Lahoma, OK 73754 Land Location: Located 1 mile N. of Meno on N. Meno Ave./NS 271 to the SE/corner of the land • 126.25 acres of cropland with a _TBA___ acre wheat base & a _TBA_ bu./ac. PLC yield; balance of land, approx. 33.49 acres, consists of grass pasture, creek tributary, pond (currently dry), & pond development potential • Principle soil type of cropland is Pond Creek silt loam, Class I • Cropland lays beautifully (level & easily tilled) • Fences • Old home site/home site potential • Rocked roads along E. & S. sides • This land is a MUST to consider if you’re looking to add a Blue-Ribbon farm to your farming operation! Legal Description: The SE/4 of Sec. 5, Twp. 22N, R9 W.I.M., Major Co., OK ‘23 Taxes: approx. $552.00. The 2024 taxes will be prorated to the day of closing. Possession: With property indemnification, and upon signing the purchase contract and acceptance of the escrow deposit the Buyer will have permission to till the soil as is necessary for conserving moisture and for preparing for and for planting a wheat crop. If for any reason this agreement does not close, the Seller shall pay the Buyer the customary rate as recommended by the O.S.U. Extension Service for any tilling or planting which Buyer may have done, and Buyer shall immediately relinquish possession to Seller and neither party shall be liable to the other for any further damages. Complete possession is to be given upon payment in full of the purchase price and transfer or title, at closing. Registration: All bidders are required to register with a valid form of ID and acknowledge and agree to auction terms & conditions. Absentee bidders who wish to authorize another person to bid/purchase on their behalf, please provide a letter of authorization. Contact the Auction Company for details. Terms: 10% of the purchase price is to be placed in escrow day of auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to acreage, size, condition, etc. prior to auction day. Announcements made day of auction take precedence.