Lot # : 7 - Minerals

TUESDAY JULY 9TH 10:00 AM

440 ± ACRES * NOBLE COUNTY * OKLAHOMA * RED ROCK AREA – SURFACE OFFERED IN 5 TRACTS – MINERALS OFFERED IN 6 TRACTS (NOBLE & HARPER COUNTIES) HELEN J. RATLIFF ESTATE AUCTION TUESDAY JULY 9TH 10:00 AM Auction Location: Frontier High School, 17750 Valley Rd. (Hwy 15), Red Rock, Ok School number if needed 580-723-4360 TRACT 1 – SURFACE RIGHTS Legal Description: SW/4 of Section (34), Township (24) North, Range (1) E.I.M. Noble Co. Ok. Directions: Located 3 miles north of Red Rock on CR170(NS327), then 1 mile west on Yearling (EW35) to CR160(NS326) to SW corner of property. Taxes: $172.00 Description: This nice farm consists of approximately 160 acres more or less. This is mostly native grass pasture with a small pond and timber in the northeast part of the farm. The property offers very good cattle grazing with lots of recreational possibilities for hunting, etc. There is blacktop road on the eastside of the property. Principal soil types are: Port Silt Loam, 0-1% slopes, class II, Grainola-Masham-Lucien complex, 5-40% slopes, class VII, Grainola-Ashport complex, 0-8% slopes, class IV and some Ashport, Port and Pulaski soils, 0-1% slopes, class V Possession: will be given at closing Minerals: Selling separately from surface rights, offered in Tract 6 TRACT 2 – SURFACE RIGHTS Legal Description: SE/4 of Section (34), Township (24) North, Range (1) E.I.M. Noble Co. Ok. Directions: Located 3 miles north of Red Rock on CR170(NS327) to Yearling (EW35) to SE corner of property. Taxes: $239.00 Description: This farm consists of approximately 160 acres more or less. According to the county Farm Service Agency there is 114.99 DCP cropland acres with 93.90 wheat base, 33- yield and 12- acre Soybean base, 33- yield. The balance of the farm is in good native grass, timber and small pond. There is a blacktop road on the eastside of this property. Principal soil types are: Port Silt Loam, 0-1% slopes, class II, Bethany Silt Loam, 1-3% slopes, class II, Norge Silt Loam, 3-5% slopes, class III, Kirkland Silt Loam, 1-3% slopes, class III and some Ashport, Port and Pulaski soils, 0-1% slopes, class V Possession: will be given at closing Minerals: Selling separately from surface rights, offered in Tract 7 TRACT 3 – SURFACE RIGHTS – Combination of Tracts 1 & 2 Legal Description: S/2 of Section (34), Township (24) North, Range (1) E.I.M. Noble Co. Ok. This is the combination of both Tracts 1 & 2 TRACT 4 – SURFACE RIGHTS Legal Description: SW/4 of SW/4 Section (34), Township (24) North, Range (2) E.I.M. Noble Co. Ok. Directions: Located 3 miles north of Valley Rd (Hwy15) on Hwy 177 to Yearling (EW35) then ¾ mile west to SW corner of property. Hwy 177 connects Stillwater and Ponca City and intersects Hwy 412. Taxes: $47.00 Description: This tract of land consists of approximately 40 acres more or less. This tract is all grass pasture and has been used for hay meadow. There is good county road access and approx.. ¾ mile from Hwy 177. Principal soil types are: Norge Silt Loam, 3-5% slopes, class I, Norge Silt Loam, 1-3% slopes, class II; Norge Silt Loam, 3-5% slopes, class III Possession: will be given at closing Minerals: Selling separately from surface rights, offered in Tract 8 TRACT 5 – SURFACE RIGHTS Legal Description: E/2 of SE/4 of Section (12) Township (23) North, Range (1) E.I.M. Noble Co. Ok. Directions: located 1 mile north of Frontier High School (Hwy 15) on CR180(NS328) then ¾ mile east on Windmill (EW37) to SW corner of property. Taxes: $190.00 Description: This farm consists of approximately 80 acres more or less. According to the county FSA office there is 63.18 DCP cropland, 55.80 wheat base and 33-yield, and 7.10 Soybean base with 33-yield and the balance is in creek. Principal soils are: Ashport Silt Loam, 0-1% slopes, class II, Ashport Clay Loam, 0-1% slopes, class II, Ashport, Port and Pulaski soils, 0-1% slopes, class V, and Lela Silty Clay, 0-1% slopes, class IV Possession: will be given at closing Minerals: No minerals selling. TRACT 6 – MINERALS RIGHTS Undivided interest as shown of record in and to the oil, gas, and other minerals lying in, under, and that may be produced from in and to the SW/4 of Section (34), Township (24) North, Range (1) E.I.M. Noble Co. Oklahoma. No production TRACT 7 – MINERALS RIGHTS Undivided interest as shown of record in and to the oil, gas, and other minerals lying in, under, and that may be produced from in and to the SE/4 of Section (34), Township (24) North, Range (1) E.I.M. Noble Co. Oklahoma. No production TRACT 8 – MINERALS RIGHTS Undivided interest as shown of record in and to the oil, gas, and other minerals lying in, under, and that may be produced from in and to the SW/4 of SW/4 Section (34), Township (24) North, Range (2) E.I.M. Noble Co. Oklahoma. No production TRACT 9 – MINERALS RIGHTS Undivided interest as shown of record in and to the oil, gas, and other minerals lying in, under, and that may be produced from in and to the SW/4 of Section (4), Township (23) North, Range (2) E.I.M. Noble County, Oklahoma, No production TRACT 10 – MINERALS RIGHTS Undivided interest as shown of record in and to the oil, gas, and other minerals lying in, under, and that may be produced from in and to the SW/4 pf Section (19), Township (27) North, Range (23) W.I.M. Harper Co. Oklahoma. No production Terms of Mineral Rights: 100% of the total purchase price is to be placed in escrow the day of the auction and closing to be held in approximately 2 weeks following and one-half of the closing fee to be split between buyer and seller. Pre-Auction Offers: No pre-auction offers will be accepted prior to auction date. Auctioneers Note: We are pleased to offer the Helen J. Ratliff Estate at public auction. This is a great opportunity to invest in some very nice agricultural land to add to your existing portfolio or for a first- time owner. This auction will be held at the Frontier School cafeteria. For more information contact Wes Dotson (580) 541-3799 Previewing the Farms: this can be done during daylight hours only. Please keep gates closed behind yourself. Internet Bidding: will be available by logging on to www.lippardauctions to register. Neither the Auction Company nor the Seller is responsible in the event of loss of internet signal by either side. Terms on Surface Rights: 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. All tracts are subject to approval by the District Court of Noble County, Oklahoma. 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 should be in place prior to bidding. Any announcements made the day of the auction shall supersede all marketing or comments. SELLER: HELEN J. RATLIFF ESTATE