AUCTION PREVIEW
For more information call or text Auction Manager, Ira Smith at 580-334-6001 or email ira@smithcoauctions.com.
AUCTION DESCRIPTION
This Online Auction will begin to conclude Friday, August 23rd beginning at 1 p.m. CST.
There will be a 2 minute soft close on each lot. A soft close prevents individuals from entering a bid at the very last second before an auction closes with the intent to prevent others from bidding higher. This means that if a bidder enters a bid within two minutes of the lot’s initial closing time, a two-minute extension will be added on. The lot will not close until bidding is static for two minutes.
TIE BIDS: In the event there is a tie ‘Max Bid’, the item will be awarded to who placed the bid first.
Please note, there is NOT a Buyer’s Premium Fee on any real estate purchases made. 0% is added to the hammer price.
Buyer will be required to place 10% of the purchase price in escrow on sale day, with balance due upon proof of marketable title. On-line Buyer’s will be required to wire-transfer 10% of the purchase price to place in escrow on sale day.
TRACT 1
40 Net Mineral Acres located in the SW/4 of Section 17 T21N R21 WIM, Woodward County, Oklahoma. 1/4th Interest.
TRACT 2
80 Net Mineral Acres located in the N/2 of Section 17 T21N R21 WIM, Woodward County, Oklahoma. 1/4th Interest.
TRACT 3
20 Net Mineral Acres located in the E/2 SW/4 & W/2 SE/4 of Section 1 T20N R21 WIM, Woodward County, Oklahoma. 1/8th Interest.
TRACT 4
119.69 Net Mineral Acres located in Lots 3 & 4, E/2 SW/4 & E/2 of Section 18 T21N R21 WIM, Woodward County, Oklahoma.
TRACT 5
40 Net Mineral Acres located in SW/4 NW/4 & NW/4 SW/4 of Section 21 T23N R22 WIM, Woodward County, Oklahoma and the E/2 E/2 SW/4 NE/4 & SE/4 NE/4 of Section 20 T23N R22 WIM, Woodward County, Oklahoma. 40/130ths Interest.
SELLER
Hugh Jones Trust
