The Otho Whiteneck Trust | Live and Online Auctions on HiBid.com

314 ± Acres | Scenic Livestock/Hunting Land |6 Ponds | Timber | Tall Bluffs | Canyons | 40'x50' Insulated Shop w/ full bath & Kitchen | Offered in Two Tracts) Producing Minerals | Lucien/Perry/Covington Area, Garfield Co., OK AUCTION Thursday January 19, 2017 10:00 a.m. Auction Location: From the Jct. of SH 74 & SH 164 at the S. edge of Covington, go 7 miles east on SH 164 (Garfield/Noble Co. Line), then 3 miles south Real Estate Sells at 10:00 a.m.! This outstanding hunting, recreational, ranch land is located in an area known for its abundant population of deer, turkey & other wildlife. It is comprised of the most diverse terrain and the most stunning panoramic views of the surrounding countryside. There are soaring bluffs of sandstone overlooking the country side but most nearly the 6 beautiful ponds (3 on each quarter), tall native grass, canyons & native timber all of which provide excellent wildlife & water fowl habitat & fishing potential as well as grazing & shelter for livestock. There are secluded areas in which to build a hunting cabin for a week-end retreat or a home. Improvements include a very nice 40'x50' insulated shop with concrete floors, electricity (including 220), overhead doors, full bath, kitchen with refrigerator & electric range, wood burning stove, indoor access to ground zero storm shelter. Other improvements include a coral with loading gate & conditioning area, rural water pasture tap (will need to transfer to Buyer), perimeter & cross fences. This land is located within 25 minutes of Enid and an hour of the greater OKC area. Be sure to take a look! Legal Description: E/2 of Sec. 12, Twp. 20N, R3 W.I.M., Garfield Co., OK LESS & EXCEPT several sm. tracts Order of Auction: N. & S. quarters will be offered separately, then together. Auction Company expressly reserves the right to open bidding on each quarter until such time as all bidding has ceased. '16 Taxes: NE/4 (159.5 +/- Acres) - approx. $390.00 / SE/4 (154.5 +/- Acres) - approx. $ 131.00. The 2017 taxes will be prorated to the day closing. Minerals: Will be offered separately and after the sale of real estate. Possession: Is to be given upon payment in full of the purchase price and transfer of title, at closing, subject to the existing lease which expires Dec. 31, 2016. Terms: 10% of the purchase price is to be placed in escrow the day of the 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 employers. Buyers should satisfy themselves as to size, condition, acreage, crop base, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising. Minerals will be offered after the Real Estate! Legal Description: Undiv. 84 +/- acres under the above described real estate Net Mineral Ac.: 80 +/- Spacing: 640 acre Production: Whiteneck Trust 20-3-12-1 HM Lease: 3/16 Royalty: 0.02482452 Net Rev.: Jan. 1, 2016 through Sept. 15, 2016 - $3,773.63 Operator/Payer: Sundance Energy Oklahoma, LLC/ Sundance Energy, Inc. (720) 390-6244 Terms & Conditions: 10% of the purchase price is to be placed in escrow the day of the auction, with the balance being due upon delivery of merchantable title. Buyers will have 15 days to examine the county records & satisfy themselves as to the title. Closing is to be on or by March 6, 2017. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employers. Buyers should satisfy themselves as to acres, production, etc. prior to auction day. Any announcements made the day of the auction supersede all advertising.