W White Eagle Rd & South 140th Street, Tonkawa, OK 74653 - Kay County

480 ACRES * KAY COUNTY OK

TONKAWA BILLINGS, OK. AREA

GRASS * TIMBER * HUNTING * PONDS * CRP

MIKE & JANET BARNHART AUCTION

MONDAY APRIL 7TH 10:00 AM

AUCTION LOCATION: All tracts will be sold from Tract 1

Tract 1- Auction Location W White Eagle Rd & S 140th Tonkawa OK 74653

Legal Description: NE/4 of 30-25N-2 W.I.M. Kay County, OK.

Directions to the Farm: From Billings, OK. Go 5.5 miles north

Taxes: $364.00

Possession: Sellers are selling land subject to an existing 4 year remaining lease for the crop only. Grass pasture will transfer at closing.

Description: This tract consists of approximately 160 acres more or less. According to the county FSA office there 83.06 DCP crop acres with a full base. There is a rural water tap located on this property. Principal Soils are: Brewer Silty Loam, 0-1% slopes, class I; Tabler Silt Loam, 0-1% slopes, class II; Bethany Silt Loam, 0-1% slopes, class II; Kirkland Silt Loam, 1-3% slopes, class II; Milan Silt Loam, 1-3% slopes, class II; Milan & Kirkland Silt Loam, 1-5% slopes, class III; and some class IV soils.

Minerals: Seller believes that they own 100% of the minerals (info from last time they leased them) and will transfer whatever mineral interest they own with the surface rights. Abstract will be brought to date on surface only.

Wind Lease: None

Tract 2

Legal Description: SE/4 of 26-25N-2 W.I.M. Kay County, OK.

Directions to the Farm: From Billings, OK. Go 5-miles north on CR 20/S. 140th Street, to Cowboy Hill Rd, then go 3.5 miles east to property

Taxes: 252.00

Possession: will be given at closing

Description: This tract consists of approximately 160 acres more or less. There is a small set of cattle pens, older windmill 1-2 ponds, barbwire fencing with steel corners. This tract does provide for good recreational hunting, as well as good cattle grazing. According to the county FSA office, this tract does have an existing Conservation Reserve Program (CRP) contract, approximately 30 Acres. The balance in native grass pasture.

Principal soil include: Port Silt Loam, 0-1% slopes, class II; Kirkland Silt Loam, 1-3% slopes, class II; Kirkland-Renfrow 3-5% slopes, class III; Grainola Clay Loam 3-5% slopes, class III; and other class IV & V soils

Minerals: Seller believes that they own 100% of the minerals (info from last time they leased them) and will transfer whatever mineral interest they own with the surface rights. Abstract will be brought to date on surface only.

Wind Lease: There is an existing wind lease on this property with (1) wind turbine located on the property. The wind income has been previously sold for a period of time, but will revert back to the land in 2050.

Tract 3

Legal Description: SW/4 of 25-25N-2 W.I.M. Kay County, OK.

Directions to the Farm: From Billings, OK. Go north 5 miles on CR20/S/140th Street to Cowboy Hill Rd, then go east 4-miles to property

Taxes: $337.00

Possession: will be given at closing.

Description: This tract consists of approximately 160 acres more or less. This tract does have an existing Conservation Reserve Program (CRP) contract, approximately 100 Acres.

Principal soil include: Port Silt Loam, 0-1% slopes, class II; Kirkland Silt Loam, 1-3% slopes, class II; Kirkland-Renfrow 3-5% slopes, class III; Grainola Clay Loam 3-5% slopes, class III; and other class IV & V soils

Minerals: Seller believes that they own 100% of the minerals (info from last time they leased them) and will transfer whatever mineral interest they own with the surface rights. Abstract will be brought to date on surface only.

Wind Lease: There is an existing wind lease on this property with (2) wind turbines located on the property. The wind income has been previously sold for a period of time, but will revert back to the land in 2050.

Cooperative Compensation Supplement: will be submitted to seller if received within 48 hours or 2 business days before live auction or online auction ends. No day of the auction agreements will be entertained.

Conservation Reserve Program (CRP): Buyers must stay in compliance with the existing CRP contracts.

Pre-Auction Offers: No pre-auction offers will be accepted prior to auction date.

Previewing the land: can be done during daylight hours only

Internet Bidding: will be available by clicking online bidding link to register. Neither the Seller nor the Auction Company is responsible in the event of loss of internet signal by either side.

Terms: 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. Cooperative Compensation Agreement must be submitted to the seller 48 hours or 2-business days prior to the auction date.

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. Any announcements made the day of the auction shall supersede all marketing or comments.

SELLER: MIKE & JANET BARNHART