UNRESERVED PUBLIC REAL ESTATE AUCTION Selling for Phyllis ... · AB/COUNTY OF GRANDE PRAIRIE #1...

AB/COUNTY OF GRANDE PRAIRIE #1

PARCEL 1 · NW 36-74-12 W6 159± Acres on Title

Undeveloped Farmland

• Recreationalvalue

• Nativere-growth

• RoadaccessfromNortheastcorner

*Important Notes:

•Currentaccessisthroughprivatelandonanoilfieldaccessroad.

•Thenewownerisresponsibletonegotiatefutureaccess.

•Propertywasloggedapprox.15yearsago.

Directions to Property: FromHythe,ABgo11.3km(7miles)

NorthwestonHwy43toJunctionHwy59,then1.6km(1mile)Easton

Hwy59,then(3.5miles)NorthonRR120,then1km(0.5mile)West,

then1km(0.5mile)North.

To view property contact Ross Sutherland: 780.814.1400

CONTACT: PhyllisSmith:250.860.0665

REALTOR: RickWallan:780.518.3313orapr3313@telus.net

RITCHIE BROS TERRITORY MANAGER: MikeSlon:780.518.6249

rbauction.com/realestate

N97

2

Smoky R.

Peace R.

Winagami Lake

Kimiwan Lake

CardinalLake

Calais

ClearHills

ClearPrairie

CrookedCreek

Deadwood

Dixonville

Donnelly

Enilda

FairviewGordondale

Grimshaw

HinesCreek

Hythe

Kenzie

Little Smoky

Reno

Rycroft

Sexsmith

Silverwood

Sunset House

Three Creeks

Valleyview

Warrensville

WorsleyBearFlat

Bond

Briar Ridge

Clayhurst

Doe River

EastPine

KellyLake

Murdale

Rolla

Taylor

Tupper

GrandePrairie

DawsonCreek

Auction Property2

2

43 43

97

Auction Location

ThispropertywillbesoldattheunreservedpublicauctioninGrandePrairie,ABonJune27,2013.Thislotwillbesoldtothehighestbidderonauctionday,regardlessofprice.

HYTHE

1Farmland

43

TWP 740TWP 740

RR# 120RR# 120

59

TWP 750TWP 750

LYMBURN

DEMMIT

AB/COUNTY OF GRANDE PRAIRIE #1

PARCEL 1 – GOOGLE MAP

UNRESERVED PUBLIC REAL ESTATE AUCTION

Selling for Phyllis Smith June 26 & 27, 2013Hythe, AB (Northwest of Grande Prairie)

One Parcel of Undeveloped Farmland 159± title acres

Selling at the Grande Prairie Auction Site 721076 Rge Rd 51, Grande Prairie, AB

rbauction.com/realestate

Unreserved Real Estate Auction – Terms and ConditionsThefollowingtermsandconditions(the“RealEstateTerms”)formanintegralpartofthetermsoftheBidder’sRegistrationAgreement(the“BidderTerms”).TheRealEstateTermsapplytoallsalesofrealproperty(the“Property”),andapplyonlytosalesofrealproperty.WheretheRealEstateTermsareapplicable,theRealEstateTermsshallprevailtotheextentofanyconflictwiththeBidderTerms.

1. UNRESERVED AUCTION. ThePropertyshallbesoldtothehighestbidderregardlessofpriceatunreservedpublicauction.Thesaleshallnotbesubjecttoanyminimumbidorreserveprice.

2. AGREEMENT OF PURCHASE AND SALE.ThepurchasershallexecuteanAgreementofPurchaseandSale,intheformprovidedbytheAuctioneer,withoutmodification,immediatelyafterbeingdeclaredthehighbidder.

3. CASH SALE.ThisisacashsaleandisnotcontingentonPurchaser’sabilitytoobtainfinancing.4. ESCROW AGENT.Completionandclosingofallrealestatetransactionswillbehandledbyaqualifiedescrowagent(the“Escrow

Agent”)appointedbytheSellerandtheAuctioneer.Alldeposit,earnestandpurchasemoniesinrespectofthePropertyshallbepaidtoanddepositedwiththeEscrowAgent.

5. DEPOSIT.Immediatelyafterbeingdeclaredthehighbidder,thePurchasershallsubmitanon-refundabledeposittotheEscrowAgentintheamountof25%ofthePurchasePrice(the“Deposit”).TheAuctioneermay,initssolediscretion,acceptaDepositof10%ofthePurchasePriceifprovidedwithacopyofanunconditionalletteroffinancingfromalendinginstitutionacceptabletotheAuctioneer.ThebalanceofthePurchasePriceshallbepaidatorbeforeclosing.

6. ADMINISTRATIVE FEE.Immediatelyafterbeingdeclaredthehighbidder,thePurchasershallpaytheapplicableadministrativefee,ifany,totheAuctioneer.

7. TAXES.AnyandallapplicableFederal,ProvincialorStatetaxesmustbepaidbythePurchaserinadditiontothePurchasePrice,atorbeforeclosing.AnyandallapplicablepropertytaxesshallbepaidbytheSellerandPurchaserpro-ratabasedonthedateofclosing.

8. CLOSING.Closingwilltakeplaceonthedatethatis30daysafterthedateoftheauction,orsuchotherdateasmaybemutuallyagreedbytheparties.ThePurchaserandSellershalleachberesponsiblefortheirownlegalfees.LandtitleregistrationfeesshallbepaidbythePurchaseratorbeforeclosing.

9. NON-PERFORMANCE.AnyfailurebythePurchasertocompletethepurchaseofthePropertywillresultintheDepositandanyfurtherinterestinthePropertybeingforfeited.

10. POSSESSION. Purchaserwillreceivevacantpossessiononthedateofclosing.11. AS-IS SALE. ThePurchasershallaccepttheProperty“AS-IS”,“WHERE-IS”,and“WITHALLFAULTS”asoftheclosingdateand

thePurchaserspecificallyagreesthatneithertheSellernortheAuctioneermakesanyrepresentationsorwarrantiesofanykindwhatsoever,expressedorimplied,tothePurchaserastothevalue,conditionorfitnessoftheProperty,environmentalorotherwise,oranypartthereoforimprovementsthereon.Alldescriptions,measurementsandacreageprovidedbytheSellerandtheAuctioneeraretobeusedasaguideonly.ThePurchaseracknowledgesandagreesthatitisthePurchaser’ssoleresponsibilitytomakesuchlegal,factualandotherinquiries,inspectionsandinvestigationsasPurchaserconsidersnecessarypriortobiddingontheProperty,andPurchaserherebywarrantsandrepresentsthatheshallhavesatisfiedhimselfastothelocationandconditionoftheProperty,andalldescriptionswithrespectthereto,priortobidding,andthathehashadtheopportunitytodoso.

12. NO MINES OR MINERALS.MinesandmineralsarenotincludedandshallnotbeconveyedwiththePropertyunlessotherwiseexpresslyprovided.

13. PERSONAL PROPERTY. NopersonalpropertyshallbeconveyedwiththePropertyunlessspecificallyincludedinthepurchaseagreement.

14. AGENT OF SELLER.TheAuctioneer(andanyappointedrealestateagent,whereapplicable)isactingasanagentoftheSelleronly,andnotasanagentofthePurchaserorasadualagent.

15. NO ASSIGNMENT.ThePurchasershallnotassignhisbidorobligationtopurchasethePropertytoathirdpartywithoutthepriorwrittenapprovaloftheAuctioneer.

16. FOREIGN OWNERSHIP RESTRICTIONS.ThePropertymaybesubjecttoforeignownershiprestrictions.BidderacknowledgesthatitisBidder’ssoleresponsibilitytomakeanynecessaryenquiries,includingwithoutlimitationconsultingwithlegaladvisors,priortobiddingtoensuretheyarelegallyeligibletopurchasetheProperty.