AUCTION TERMS & CONDITIONS
PROCEDURE: This 1,435 + Acres will be offered in six (6) individual surface tracts. There will be open bidding on all tracts and combinations until the close of the auction. The property will be sold in the manner resulting in the highest total sale price. Online bidding will be available at CliftLandAuctions.com
BUYER 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. All successful bidders will sign a purchase agreement at the auction site immediately following the close of the auction.
EARNEST MONEY: Ten percent (10%) Earnest Money on the day of the auction, upon signing a purchase agreement immediately following the close of bidding. The Earnest Money may be paid in the form of personal check, business check, or cashier’s check. The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying 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 2020 and prior years before closing. The Buyer(s) will be responsible for any “rollback” in the property taxes. The Buyer(s) 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(s) 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 March 1, 2021 , or as soon as applicable closing documents and surveys (if needed) are completed.
POSSESSION: Possession will be given at CLOSING.
TITLE: Seller shall provide an Abstract of Title for the parcel or combination of parcels. Buyer(s) 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(s).
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. No surface lease will survive closing.
SURVEY: At Seller’s sole and exclusive option, Seller may survey the property. If Seller determines that a survey is necessary to provide sufficient legal description of the property, Seller shall provide such survey at Seller’s expense.
GROWING WHEAT CROP: The growing wheat crop shall convey to the Buyer(s). Buyer(s) shall pay to the Seller at closing $100.00 per acre for certified irrigated wheat acres and $50.00 per acre for certified dryland wheat acres.
EQUIPMENT: All irrigation equipment will convey with the property, with the exception of the irrigation motors.
MINERAL RIGHTS: Any minerals owned by the Seller, if any, shall convey.
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 this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. 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. The information contained in this brochure 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. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. 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 auctioneer are final.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.
NOTE: Videotaping, flash photography and/or public announcements will be allowed on auction day ONLY with prior approval from Clift Land Auctions, LP.
SELLERS: Cox Irrigation Development II Trust
Boise City, Oklahoma 73933
Cox Irrigation Farm Absolute Auction
1,435 + Acres in Cimarron Co. OK offered in Six Tracts Thursday, January 14th at 1:00 pm CST at the Cimarron Co. Fair Building - N Logan Avenue - Boise City, OK. Online Bidding will also be available through our website!
There will be an Information Meeting Tuesday, January 5th at 10:00 am CST at the same location.
Tract #1 - 160.21 + Acres
Legal Description: SW/4 of Section 25, T3N—R7E
This dryland tract has a total of 160 + acres, with 155 + acres of farmland and a balance of grass and roads. This tract is accessed by CR N0420. There is electricity along the county road and there are no boundary fences.
Tract #2 - 159.83 + Acres
Legal Description: SW/4 of Section 20, T2N—R8E
This dryland tract has a total of 160 + acres, with 155 + cultivated acres and a balance of grass and roads. This tract is accessed by CR N0440 and there are no boundary fences.
Tract #3 - 320.42 + Acres
Legal Description: E/2 of Section 22, T2N—R8E
There are approximately 250 acres of irrigated farmland and 70 acres of dryland in this tract. There are two irrigation wells, two generators, one gearhead, and two pivots. The Pivots (SN 65G3917359 and CR209C000AAPB) are both in good working order. There is a spare generator and a broken gearhead located in the barn on Tract #4. This tract is accessed by CR N0470.
128.83 Certified Irrigated Wheat Acres = $12,883.00
60.82 Certified Dryland Wheat Acres = $ 3,031.00
Tract #4 - 160 + Acres
Legal Description: NW/4 of Section 36, T2 N—R8E
Located approximately 1 1/2 miles west of Griggs, OK along CR E0280, this dryland tract has a total of 160 + acres, with 155 + acres of cultivated land. In the northwest corner of the tract, there is a 45’ x 45’ metal barn with a concrete floor and three grain bins. The largest bin holds 10,000 bu. and the two smaller bins each hold 5,000 bu. One of the smaller bins needs repair on the roof. This barn has electricity.
Tract #5 - 320 + Acres
Legal Description: S/2 of Section 36, T2N—R8E
Located just south of E0280 along N0480, this 320 + acre tract has a total of 250 + irrigated acres and 70 + dryland acres. There are two Reinke Sprinklers (6650596-C13475 and 6650495-C12009) irrigating this tract. Tracts #5 and #6 are connected by a pipeline under county road N0490. It is the responsibility of the Buyer to disconnect this pipeline, if desired.
125.25 Certified Irrigated Wheat Acres = $12,525.00
66.14 Certified Dryland Wheat Acres = $ 3,307.00
Tract #6 - 314.32 + Acres
Legal Description: S/2 of Section 31, T2N—R9E
Located 1/2 mile south of Griggs, OK, along CR N0525, this 320 + acre tract contains approximately 250 + irrigated acres and the balance in dryland. There is one Reinke Sprinkler (66504595-C12010) and one Gifford-Hill Sprinkler (no serial number available). The irrigation well is believed to be in good working order, however, the pump has been pulled. The tube and shafting for the well need to be replaced. The pump has been rebuilt, and will convey with the property. There is electricity on the east side of this tract. Tract #6 is connected to Tract #5 by a pipeline under county road N0490. It is the responsibility of the Buyer to disconnect this pipeline, if desired. There is a spare gearhead for the well in the barn located on Tract #4.
125.44 Certified Irrigated Wheat Acres = $12,544.00
28.42 Certified Dryland Wheat Acres = $ 1,421.00
**The growing wheat crop (Tracts #3, #5, and #6) shall convey to the Buyer(s). Buyer(s) shall pay to the Seller at closing $100.00 per acre for certified irrigated wheat acres and $50.00 per acre for certified dryland wheat acres. All irrigation equipment will convey with the property, with the exception of the irrigation motors.