UNRESERVED REAL ESTATE AUCTION

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1 UNRESERVED REAL ESTATE AUCTION For Dennis and Corinne Brown 4 Deeded Quarters & 10 Acre Country Residen al Acreage (Home Quarter includes Home & Buildings) Wednesday, May 6, 2015 Real Estate sells at 12:00 PM Held in conjunc on with Brown Farm Auc on which starts at 10:00 AM B 1: SW & SE W4th Acres +/ B 2: NW W4th Acres +/ B 3: NW W4th Acres +/ B 4: (Pt of NW W4th) Plan Block 1 Lot Acres +/ SALE MANAGED BY

2 LOCATION B 1 B 2 B 3 B 4 Direc ons: Travel West of Thorhild on Hwy 18 to Rg Rd 230, KM North on Rg Rd 230. B 1 Home Quarter (Sale Site) located on the West side of the road. B 2 & B 3 located on the East side of the road. B 2 located 9.65 KM North of Hwy 18 on Rg Rd 230 to Twp Rd 610, West 1.60 KM to Rg Rd 231, North.40 KM to dead end. Thorhild is a wonderful small town with many ameni es including, grocery, gas, farm supplies, swimming pool, K 12 school, etc. Thorhild is located 90 km North of Edmonton, 61 Km from Ft Saskatchewan, and 27 km from Redwater. Hi way 63, is a gateway to the extremely ac ve Ft McMurray region.

3 Aerial Photos & Soil Maps B 1 B 2 B 3 B 4

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5 BASIC INFORMATION B 1: SW & SE W4th Acres +/ LEGAL MUNICIPALITY SW & SE W4th THORHILD COUNTY SIZE (APPROX) Acres +/ TAXES (2014) $ $ ZONING AGRICULTURAL POSSESSION June 5, 2015 LEASE REVENUE SERVICES NONE Power, Natural Gas, Drilled Well (2), Bored Well, Surface Discharge Sep c System, Dugout AGE 1984 STYLE Bungalow with Full basement BATHROOMS BEDROOMS Piece, 2 2 Piece,, Basement 2 pce plumbed for shower TOTAL SQUARE FEET CONSTRUCTION EXTERIOR ROOF TYPE FOUNDATION BASEMENT DEVELOPMENT FLOORING GOODS INCLUDED PARKING 1656 Square Feet Wood Frame Stucco, Brick Asphalt Shingles Concrete Full Finished Linoleum, Carpet, Laminate Fridge, Stove, BI Dishwasher, Microwave, Washer & Dryer, Water Condi oner Outbuildings/Cold Storage

6 Home & Yard Well maintained 1656 sq 3+1 bdrm bungalow situated on amazing farm yard with numerous outbuildings. This farm has an impressive yard with mature trees and landscaping. Many outbuildings including: 36x24 open faced machine shed, x40 Metal clad Machine Shed with 14 x20 door and light panels, 10.5x12.5 storage shed, two pump houses, 36x14 open faced animal shelter and corrals, 1960 barn 42x27 (insulated, concrete floor) with 42x16 lean to s on each side, x30 cold storage shed with (2) 12 x20 roll up doors (with 220 power), this building has a x32 metal clad addi on with 12 x20 sliding doors, x24 metal clad machine shed with 12 x 20 roll up door, small workshop behind the house used to store tools. Home was built in 1984 with con nuous upgrading over me including main level triple vinyl windows in 2002, basement triple vinyl windows in You are welcomed into a cute porch with coat closet and built in bench, entering into the home there is a laundry/3 pce bathroom with large linen closet (new top load washer and dryer), con nue through to a spacious oak kitchen with raised panel cabinets, swing pantry, and large island (with power). Bright dining area with bay window. Neutral colored lino and counter tops. White appliances all in good condi on. The living room boasts three large windows (all opening) and a brick faced wood fireplace with mantel. The main level also has three bedrooms including the master bedroom with his and her closets, a 4pce bath, and two large storage/linen closets. Newly remodeled basement with Berber carpet, drop ceiling, and pellet stove. Large family/rumpus room with plenty of space for games tables and is plumbed for wet bar. One large bedroom, a storage room, cold room (vented), 2 pce bathroom (with plumbing for tub/shower), and mechanical room that houses the pressure system, water filter, HWT, electrical, and forced air furnace. Exterior has been recently painted, good shingles, and 20x16 two er pressure treated deck. The house is supplied by a good (150 ) drilled well, there is another drilled well (145 ) in the centre of the yard with pump house (once watered 100 head of ca le), and a third bored well and pump house beside the barn. There are two hydrants in the yard. The yard has an upgraded electrical system which includes 2 220amp electrical outlets on power poles and amp electrical outlet for grain dryer on separate power pole. Behind the barn is broke up into three separate fenced areas for ca le. Beau ful park area with fire pit located out of the elements beside one of the machine sheds to enjoy a quiet fire and picnic. This property shows pride of ownership, it has a very func onal set up for animals, and endless storage.

7 Land The SW & SE W4th contain approx acres +/. The SE home quarter has approx. 134 acres of seedable land which produced barley crop last year. The en re SE quarter is rated good #4 soil. The SW quarter has approx. 98 acres of seedable land, which also produced barley crop last year. There is approx. 40 acres of disced summer fallow and the remainder is bush along property line. The SW has two dugouts and the East por on of the quarter is rated #4 soil and the West por on is rated organic.

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11 Well reports, tax no ces, farmland calcula on reports, gas well revenue documents, and u li es available upon request.

12 Barn 42x27 w/ 42x16 Lean to on each side 2009 Machine Shed 60x40 w/ 16 Door 2005 Machine Shed 40x Cold Storage 60x30 w/ Power 2004 Machine Shed 32x24 w/16 Door Ca le Shed 36x14 Pole Shed 36x24

13 BASIC INFORMATION B 2: NW W4th Acres / LEGAL MUNICIPALITY NW W4th THORHILD COUNTY SIZE (APPROX) Acres +/ TAXES (2014) $ ZONING AGRICULTURAL POSSESSION June 5, 2015 LEASE REVENUE SERVICES NONE NONE Acres with approx. 50 acres open. Remainder bush and water. Some open land was disced and broke and has been summer fallowed. Soil maps show the East side of quarter rated #4, West side rated organic. The purple outline shows property line that travels around the water. Property access at far SW corner.

14 BASIC INFORMATION B 3: NW W4th Acres / LEGAL MUNICIPALITY NW W4th THORHILD COUNTY SIZE (APPROX) Acres +/ TAXES (2014) $ ZONING AGRICULTURAL POSSESSION June 5, 2015 LEASE REVENUE SERVICES $3, TBV NONE Acres with approx. 105 acres of seedable open land. Remainder bush. Last year land produced Barley crop. Soil maps show the land to be rated #4. County farmland calcula on reports rate approx. 63 acres #3 soil. Road access on West side of property acre acreage taken from SW corner (to be sold separate).

15 BASIC INFORMATION B 4: (PT of NW W4th) Plan Block 1 Lot Acres +/ LEGAL Plan Block 1 Lot 1 MUNICIPALITY THORHILD COUNTY SIZE (APPROX) Acres +/ TAXES (2014) $31.15 ZONING AGRICULTURAL (Will be rezoned Country Residen al a er Purchase) POSSESSION June 5, 2015 LEASE REVENUE SERVICES NONE NONE Acre Country Residen al Acreage. Corner lot. Mature trees and south treeline. Several old buildings that could be used for storage. U li es close at farm to the North. Driveway and access from Rg Rd 230. A beau ful place to build a home or bring in a modular. Located 7 miles North of Hwy 18, ten minutes to Thorhild.

16 REAL ESTATE AUCTION TERMS 1.UNRESERVED: In this auc on, the seller has agreed to accept the highest bid regardless of price. Proper es will sell to the highest bidder without minimum or reserve. 2.AGENT OF THE SELLER: Muller Realty (Real Estate Brokerage) is ac ng only as agent of the seller & not as an agent of the Purchaser. They will provide prospec ve buyers with all facts known to the agent that will or may affect the marketability or value of the property. 3.PURCHASE CONTRACT: The Real Estate Purchase Contract that applies to each property is available for inspec on prior to the auc on. All bidders agree that, should their bid be accepted, they will complete and be bound by the terms of the purchase contract. Note: These contracts will not be subject to any buyer s condi ons. 4.GST: applies to these proper es. The Purchase Price (Bid price) does not include GST. 5.DEPOSIT: Immediately at the close of bidding the successful bidder will make a NON REFUNDABLE deposit payable to Muller Realty (Trust) in the form of a cer fied cheque, money order, bank dra or other approved payment as follows: $20, (twenty thousand dollars) each for Parcels B 1, B 2 & B 3 $10, (ten thousand dollars) for Parcel B 4 6.COMPLETION DAY: Titles will be clear of encumbrances except those which are to remain on the tle as shown on the Purchase Contract. Buyer will pay the balance of the purchase price to their lawyer on or before Comple on Day (June 5, 2015). Possession will be in accordance with the terms of the Purchase Contract. 7.NO WARRANTY: The Purchaser shall accept the Property as is and specifically agrees that neither the Seller, Auc oneer or Realtor makes any representa ons or warran es of any kind as to the condi on or fitness of the Property, environmental or otherwise, or any improvements thereon. All informa on provided is meant as a guide only. In accep ng a buyer registra on number each bidder acknowledges receipt of the Property Informa on Package provided. The Purchaser shall have sa sfied himself as to the descrip ons, loca on & condi on of the property prior to bidding. 8.AUCTIONEER RESERVES THE RIGHT to accept or reject any bid and in all cases of dispute the auc oneer s decision shall be final. If an auc oneer declares a property sold or closes the bidding and more than one party immediately claims to hold the high bid the auc oneer may declare who holds the high bid or re open the bidding for further advances from the par es who held the high bid. 9.TAPE RECORDING: Real estate auc ons managed by Muller Realty in conjunc on with Sekura Auc ons are tape recorded. If it is necessary to verify any fact related to the sale a copy of the tape may be provided to the seller or a buyer. 10.BUYERS FURTHER AGREE to be responsible for all charges to them including deposits on sale day, and subsequent payments as outlined in the Purchase Contract. It is understood that if any payment is not made or if any cheque given to Muller Realty as payment is not honored that the buyer will face civil and/or criminal charges. In accep ng a buyer registra on number all buyers agree to be bound by the above terms as well as any other condi ons announced by the auc oneer. SALE MANAGED BY

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