UNRESERVED REAL ESTATE AUCTION

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UNRESERVED REAL ESTATE AUCTION For The Estate of Martin Pelinka 2 Quarter Sections ( 1 includes Home & Shop) Friday, October 27, 2017 Real Estate sells at 12:00 PM Held in conjunction with Pelinka Estate Auction which starts at 11:00 AM P-1: SW 29-56-1-W5th 160 Acres +/- (Home Quarter) P-2: NW 21-56-1-W5th 157.99 acres +/- SALE MANAGED BY 780-349-7000 780-542-4337

LOCATION Directions P-1: From Hwy 44, head west through Busby on Hwy 651 to Hwy 777 (south, gravel). Head south on 777 for 5 ½ miles. Property on East side of road, watch for signs (56407 Hwy 777). From Barrhead head south on Hwy 33 to Hwy 651. East on Hwy 651 to 777. Head south on 777 for 5 ½ miles. Property on East side of road, watch for signs (56407 Hwy 777). From Onoway head north on Hwy 777 to Hwy 642. East on Hwy 642 for 2 miles to Hwy 777 (gravel). North on Hwy 777 (gravel) for 4 miles. Property on East side of road, watch for signs (56407 Hwy 777). P-2: From the home ¼ section, take Twp Rd 564 (twp rd bordering south boundary line of home ¼ section) east for 1 mile. Property on south side of road. Watch for signs. Located in the attractive Sturgeon River valley, the Town of Onoway provides a small-town country lifestyle, combined with local services normally available only in larger communities. Known as the "Hub of the Highways", Onoway is advantageously located just 40 minutes west of Edmonton at the junction of Highways 37 and 43. With just over 1000 residents, Onoway has two schools, library, recreation facilities, a wide array of health and social services, and numerous seniors facilities. Recreation is very important as well, with both Lac Ste. Anne and a number of smaller lakes, summer villages and environmental areas located in close proximity. The Summer Village of Sandy Beach is the home for both permanent and summer residents. The Summer Village of Sandy Beach recently installed playground equipment on their main beach. Onoway is also just a short distance off the Trans Canada Yellowhead Highway (Highway 16) and is within easy commuting distance (on divided highways) from the communities of Spruce Grove, Stony Plain, Edmonton, St. Albert, Morinville, Fort Saskatchewan & Westlock.

BASIC INFORMATION S-1 - SE-15-56-2-W5th 160 +/- Acres LEGAL MUNICIPALITY P-1: SW 29-56-1-W5th BARRHEAD COUNTY SIZE (APPROX) 160 +/- ACRES TAXES (2016) $ 1663.78 ZONING AGRICULTURAL POSSESSION November 27, 2017 LEASE REVENUE SERVICES TBV Power, Propane, Water Cistern, Surface Discharge Septic System Parcel Highlights 160 acres of gently rolling land rated #4 soil. Approx. 68 acres open with 35 acres in crop & remainder treed and open pasture. Property has some cross fencing for horses. Large man made trout pond and dugout provide ample water for animals. Soil Map Aerial Photo

Home/Yard Highlights AGE STYLE BATHROOMS Eff. age 2003 (Basement 2003, House 80 s rebuild) Raised Bungalow 1-3 pce & 1-4 pce BEDROOMS 3 TOTAL SQUARE FEET CONSTRUCTION EXTERIOR ROOF TYPE FOUNDATION FLOORING GOODS INCLUDED PARKING & OUTBUILDINGS 1046 sq. ft. Wood Frame Vinyl Metal Concrete Tile, laminate, hard wood Fridge, Stand up deep freeze, Stove, BI Microwave, BI Dishwasher, Washer & Dryer, BI Vacuum 42x72 Pole Shed w/ gravel floor & 2 doors, 14x16 Barn with lean to storage Modern, efficient 1+2 bdrm home (effective age 2003) with walk out basement. Enter the home through covered deck and spacious porch with wood stove. Large kitchen with an abundance of cabinets and SS appliances. Bright dining and living room area with vault ceiling and French doors to front deck. Large entrance area with closet, 3 pce main bath and bedroom. Downstairs you will find two bedrooms, family room area, 4 pce bathroom, storage room & mechanical/laundry area. Tile, laminate, & hardwood floor throughout. House features metal roof, in-floor heat, tile backsplash, jet tub, BI Vacuum system, maint. free railings, vinyl windows, exterior rock accents, etc. Outside you will find a metal clad 42x72 pole building (2016) with gravel floor (16 wall, 1-12 x12 door, 1-14 x22 door), 14x16 Barn with stalls and enclosed lean-to for tack and storage. Well landscaped yard with rock, perennial beds, mature trees, and excellent drainage. This home and yard site is clean and imove in ready, the opportunity to own an amazing home, shop, and yard with a full quarter of land is rare. Make this your forever home or take advantage of the subdivision possibilities.

BASIC INFORMATION P-2: NW 21-56-1-W5th 157.99 acres +/- LEGAL P-2: NW 21-56-1-W5th 157.99 acres +/- MUNICIPALITY SIZE (APPROX) Barrhead County 157.99+/- ACRES TAXES (2016) $ 300.81 ZONING AGRICULTURAL POSSESSION November 27, 2017 LEASE REVENUE SERVICES NONE NONE Soil Map Aerial Photo 157.99 acres of gently rolling #4 soil. Approx. 90 acres in crop, remainder bush (aerial photo is from last year the treed strip down the centre has been removed). Utilities are close. Approach on the NW corner of quarter.

Corrections, highlights, and additional terms Land Titles, Purchase Contracts, tax notices, etc. available for review. Purchase price does NOT include GST All measurements to be verified by the buyer The basement was built in 2003, the 1980 s home was moved onto basement and completely rebuilt in 2005. All mechanical workings are dated 2005. Effective age of home is 2003. The buyer agrees to purchase the property and take possession of the property on a tenancy-at-will basis, if the probate is not complete by November 27, 2017.

REAL ESTATE AUCTION TERMS October 27, 2017 FOR PARCELS P-1 & P-2 1.UNRESERVED: In this auction, the seller has agreed to accept the highest bid regardless of price. Properties will sell to the highest bidder without minimum or reserve. 2.AGENT OF THE SELLER: Royal LePage Town & Country Realty (Real Estate Brokerage) is acting only as agent of the seller & not as an agent of the Purchaser. They will provide prospective 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 inspection prior to the auction. 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 conditions. 4.GST: 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 Royal LePageTown & Country Realty (Trust) in the form of a certified cheque, money order, bank draft or other approved payment as follows: $ 20,000.00 per parcel 6.COMPLETION DAY: Titles will be clear of encumbrances except those which are to remain on the title as shown on the Purchase Contract. Buyer will pay the balance of the purchase price to their lawyer on or before Completion Day (November 27, 2017). 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, Auctioneer or Realtor makes any representations or warranties of any kind as to the condition or fitness of the Property, environmental or otherwise, or any improvements thereon. All information provided is meant as a guide only. In accepting a buyer registration number each bidder acknowledges receipt of the Property Information Package provided. The Purchaser shall have satisfied himself as to the descriptions, location & condition of the property prior to bidding. 8.AUCTIONEER RESERVES THE RIGHT to accept or reject any bid and in all cases of dispute the auctioneer s decision shall be final. If an auctioneer declares a property sold or closes the bidding and more than one party immediately claims to hold the high bid the auctioneer may declare who holds the high bid or re-open the bidding for further advances from the parties who held the high bid. 9.TAPE RECORDING: Real estate auctions managed by Royal LePage Town & Country Realty in conjunction with Team Auctions (Sekura Auctions) 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 Royal LePage Town & Country Realty as payment is not honored that the buyer will face civil and/or criminal charges. In accepting a buyer registration number all buyers agree to be bound by the above terms as well as any other conditions announced by the auctioneer.