| Name | 9/28 8 +/- Acres of Former RR ROW & Co-op Land, Lovell, OK |
|---|---|
| Auctioneer | Wiggins Auctioneers, LLC |
| Type | Online-Only Auction |
| Date(s) | 9/8/2022 - 9/28/2022 |
| ONLINE ONLY AUCTION Wednesday - September 28, 2022 - Begins Closing @ 6 PM | |
| Preview Date/Time | Call Kim Allen, Co-Broker/Auction Mgr., at 580.541.3180 |
| Checkout Date/Time | See Terms. |
| Location | ONLINE ONLY
Lovell, OK 73028 |
| Buyer Premium | 10% Buyer's Premium |
| Description |
8 +/- Acres of Former RR ROW & Co-op Land
Hwy Access | 3 Phase Elec.
Lovell, Logan Co., OK
ONLINE ONLY AUCTION
Wednesday - September 28, 2022 - Begins Closing @ 6 PM
- 8 +/- acres of former RR ROW & co-op land (currently not used)
- Located on E. side of Lovell, OK
- Hwy access
- 3 phase elec.
- Small office building & 60 +/- ft. scale (kicker grain tester does not sell)
- Grain elevator, truck receiving building with pit, & 3 large grain storage tanks
- Gravel & iron from former RR ROW
Legal Description: Lots to the Town of Lovell & Tracts of land located in the NW/4 9-18N-4W, Logan Co., OK Taxes: The 2022 taxes will be prorated to the date of closing. Possession: is to be given upon payment in full of the purchase price and transfer of title, at closing. Minerals: Do not sell. Registration: All bidders are required to register with valid form of ID & acknowledge & 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. Buyer's Premium: A 10% Buyer's Premium will be added to the high bid at auction to determine the purchase price. 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. Title will transfer by Quit Claim Deed. Buyer is purchasing property AS-IS, WHERE-IS. 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, condition, etc. prior to auction day. Announcements made day of auction take precedence.
Contact Co-Broker/Auction Manager, Kim Allen, at 580.541.3180 for any additional information you may need. Visit WigginsAuctioneers.com for terms, details, photos, & online bidding!
Seller: Land Run Farmers Cooperative
|
Auction Terms & Conditions
1. I acknowledge that I have viewed or received a copy of the Auction Day Announcements packet, which includes information about the property, Auction Day Announcements (terms and conditions), Real Estate Purchase Contract, and Open Commitment for Title Insurance, if applicable. A copy of the packet is available for review at wigginsauctioneers.com within 24 hours of the auction, or a copy of the packet may be requested by emailing info@wigginsok.com.
2. I have read said Auction Day Announcements packet and understand and agree to abide by terms and conditions of the auction.
3. I currently have sufficient funds to meet the "Escrow Deposit" and further have the ability to fund and complete the transaction as outlined in the Real Estate Purchase Contract.
4. I have examined the Real Estate Purchase Contract and understand that it is a legally binding contract, which is not contingent upon financing, inspections, or anything which would prevent successful closing.
5. I understand the property is being sold "As-Is" and it is my sole responsibility to satisfy myself as to any inspections, current condition, usability, etc. prior to bidding.
6. I understand that if I am the successful bidder, I agree to complete and sign the Real Estate Purchase Contract immediately upon conclusion of the auction, and place a 10% escrow deposit as outlined in the Real Estate Purchase Contract.
7. I understand that my registration for the auction will not be accepted without providing name, address, phone, valid ID and signing and returning a copy of this form. By doing so, I am agreeing to and accepting the terms and conditions of the auction set forth in the Auction Day Announcements packet, and any announcements day of auction which supersede advertising.
8. I hereto agree to sign by electronic means, and that the electronic signature shall have the same force and effect as an original signature.
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Terms Of Use
Seller User Terms
Bidder User Terms
Seller User Terms
Bidder User Terms
Your bid must adhere to the bid increment schedule.
| Bid Amount | Bid Increment |
|---|---|
| 0.00 - 9,999,999.99 | 500.00 USD |
| Currency | USD |
|---|---|
| Buyer Premium | 10% Buyer's Premium |
| Payment Terms |
See Terms.
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