UNRESERVED PUBLIC AUCTION FARMLAND & ACREAGE

Auction

RUSSEL NELSON

Saturday, June 5, 2010 @ 1:00PM

RR#3 LACOMBE, ALBERTA

Directions: 4.5 Miles West of Lacombe on Hwy. 12, 3 Miles North

UNRESERVED PUBLIC AUCTION – FARMLAND & ACREAGE

Russell Nelson

June 5, 2010 @ 1:00PM

Directions: 4.5 Miles West of Lacombe on Hwy. 12, 3 Miles North

(6) Miles to Lacombe!!!

OPEN HOUSE: Thursday May 27, 5-8pm

PROPERTY LEGAL DESCRIPTION: Pt-SW-07-41-27-W4M

PARCEL #1

"UNRESERVED LAND AUCTION" - 6.0-Ac +/- for Russell Nelson of the Lacombe area. This parcel features a unique configuration that will utilize the same access point as the balance of the quarter section. An access easement will be registered on the title of the 154 ac +/- parcel in favour of the smaller parcel. Buildings and improvements consist of: 1994 Model # 794 Triple E manufactured home 16 x 76 - (3) bedrooms + (2) bathrooms c/w a 10 x 12 +/- ft porch addition & 10 x 14 +/- covered deck area, 12 x 24 +/- sun room; 40 x 60 wood framed heated shop c/w 16 ft ceiling - 2000 construction, concrete floor plumbed for hot water heating , sink and toilet, mezzanine storage area, (3) steel insulated overhead doors each with remote opener, 110 / 220 volt power service, telephone extension from residence, metal roof and metal-clad exterior – 16 x 60 +/- open front covered storage area on north side of building; 40 x 64 post and frame construction – Yr 2000, 16 ft ceiling, 16 x 16 +/- door opening – sliding doors, insulated but not lined, concrete floor, 110 volt power, metal roof and metal-clad siding – 16 x 64 +/- open front lean-to designed for livestock, access to automatic stock waterer, etc. The building site has a full set of site services including a 248 +/- ft drilled well c/w soft water, 10 KVA power transformer, N-Gas at (3) yard locations, dual compartment septic tank and septic field, private telephone and a well designed and maintained all-weather clay-base and gravel entrance and yard site for heavy traffic. The recently approved sub-division is in the final stages of completing the separation of title to the new parcel sizes; a real property report c/w municipal compliance will be available shortly.

TERMS OF THE “UNRESERVED LAND AUCTION”

Pt-SW-07-41-27-W4M – 6.0 +/- Ac.

Saturday June 05^th, 2010 – 1:00 pm Sharp

Location of Auction event: on site at SW-07-41-27-W4M

This event is an “UNRESERVED LAND AUCTION”. The Property will sell to the highest bidder regardless of price. The sale is not subject to any reserve bid or minimum price.

RE/MAX real estate central Alberta is the Brokerage in charge of the real estate transaction & Montgomery Auction Services Ltd. is the appointed Auctioneer.

Offer to Purchase and sale agreement: Immediately following the land auction the successful Buyer will meet with the Associate, Kenneth A Poffenroth from the Brokerage and execute an Offer to Purchase and Sale agreement immediately after being declared the high bidder.

The Buyer will submit a NON-REFUNDABLE Deposit cheque payable to the Brokerage in the amount of $ 25,000.00 in conjunction with executing the offer to purchase and sale agreement. The deposit will be placed in trust held pending the completion date. The balance of the Purchase Price shall be paid on or before completion date.

Completion date and closing of the real estate transaction will be July 05^th, 2008 or such earlier date as the parties may agree upon.

The Buyer will obtain vacant possession of the property on Completion date.

Property taxes will be adjusted on completion date based on the calendar year.

The real estate transaction will not be subject to any Buyer’s conditions precedent. All Buyer’s due diligence, including any legal assistance or advice, must be completed prior to sale date including the Buyers ability to obtain financing.

The Buyer shall accept the Property in an AS-IS condition as of the completion date and the Buyer specifically agrees that neither the Seller, Brokerage nor the Auctioneer make any representations or warranties of any kind whatsoever, expressed or implied, to the Purchaser as to the condition or fitness of the Property, environmental or otherwise, or to any improvements situated on the property. All descriptions, measurements and acreage provided by the Seller, Brokerage and/or Auctioneer are to be used as a guide only. The Buyer must be fully satisfied with all aspects of the Property prior to engaging in the bidding process.

The offer to purchase and sale agreement is subject to all applicable taxes, including GST.

The Buyer will enter into a “customer status” agreement for the purpose of transacting this sale.

PARCEL #2

"UNRESERVED LAND AUCTION" - 154.0-Ac +/- for Russell Nelson of the Lacombe area. This parcel features unique recreational characteristics. This parcel will sell in conjunction with a 6.0-Ac parcel from the same quarter section that has newer buildings and improvements (FM # 1558). An access easement will be registered on the title of the 154 ac +/- parcel in favour of the smaller parcel. There are approx. 50 Ac of productive arable Ac, the balance is fenced seeded and native pasture c/w an abundance of spruce trees, a large fresh water dugout, etc. - all contributing to the natural setting, near Gull Lake and close to major arterial roadways and local amenities.

TERMS OF THE “UNRESERVED LAND AUCTION”

Pt-SW-07-41-27-W4M – 154 +/- Ac.

Saturday June 05^th, 2010 – 1:00 pm Sharp

Location of Auction event: on site at SW-07-41-27-W4M

This event is an “UNRESERVED LAND AUCTION”. The Property will sell to the highest bidder regardless of price. The sale is not subject to any reserve bid or minimum price.

RE/MAX real estate central Alberta is the Brokerage in charge of the real estate transaction & Montgomery Auction Services Ltd. is the appointed Auctioneer.

The Buyer will submit a NON-REFUNDABLE Deposit cheque payable to the Brokerage in the amount of $ 30,000.00 in conjunction with executing the offer to purchase and sale agreement. The deposit will be placed in trust held pending the completion date. The balance of the Purchase Price shall be paid on or before completion date.

Completion date and closing of the real estate transaction will be July 05^th, 2008 or such earlier date as the parties may agree upon.

The Buyer will obtain vacant possession of the property on Completion date.

Property taxes will be adjusted on completion date based on the calendar year.

The offer to purchase and sale agreement is subject to all applicable taxes, including GST.

The Buyer will enter into a “customer status” agreement for the purpose of transacting this sale.

Re/Max real estate central alberta, LACOMBE

Kenneth A Poffenroth A.L.C. (Accredited Land Consultant)

Phone: (403) 782-4301 Cell: (403) 350-0971 E-mail address: kenp@remax.net

Auctioneering Services provided by –

Montgomery Auction Services Ltd.

Note: The following descriptive outline presents the farmland holdings of the public land auction. The information contained in this brochure has been prepared by Kenneth A Poffenroth, representing RE/MAX real estate central alberta as an aid to all Buyers. Special care and effort has been made to provide prospective buyers with information that is deemed to be true and accurate but not warranted to be so. Neither Kenneth A Poffenroth, - Associate for RE/MAX real estate central Alberta and/or Montgomery Auction Services Ltd. assume any liability for decisions made using this presentation information.