DAY 1 - KHOURY INC. & ASPEN LUMBER CO. KINGSFORD & SAGOLA, MI. Tue Sep 14 2010 4:00 PM Central

3 – DAY AUCTION! TUE., SEPT. 14 4:00 PM Central WED. SEPT. 15 9:00 AM Central THURS. SEPT. 16 9:00 AM Central DAY 1 REAL ESTATE TUESDAY, SEPTEMBER 14 4:00 PM TO BE HELD AT KHOURY FURNITURE PLANT 1600 W. BREITUNG AVE. KINGSFORD, MI. 2 – FACILITIES: Khoury Inc. Furniture Plant 1600 W. Breitung Ave., Kingsford, MI & Aspen Lumber Co. W8789 Bush Lake Rd., Sagola, MI KHOURY, INC. FURNITURE PLANT: Approx. 17.75 Acres. Approx. 626’ x 1,370’. Property is located in NW of SE & SE of NE Sect. 2, Town 39N, Range 31W. City of Kingsford, Dickenson County. Tax ID# 052-002-031-00. Zoned Industrial. Approx. 65,000 sq. ft plant area. Approx. 3,900 sq. ft. office, break room, restroom area. There is Approx. 100,000 board foot of dry kilns w/ late model kiln controls. 80’ x 160’ x 30’ pre dryer storage pole building w/ concrete floor. 30’ x 100’ x 21’ pole building w/ concrete floor. Well graveled yard area. 2 – 2,000 amp switch gear service control panels. ASPEN LUMBER CO.: Approx. 49.78 Acres. Property is located in SW of SW Sect. 4, Town 42N, Range 30W, Sagola Township, Dickenson County. Tax ID# 05-194-012-014-015. Sawmill & Chipper Building: Approx. 7,000 sq. ft. pole building w/ concrete floor. Green Chain Building: Approx. 7,300 sq. ft. pole building w/ concrete floor. Planer Building: Approx. 10,000 sq. ft. Pre engineered steel insulated building w/ concrete floor. Maintenance Shop: Approx. 3,360 sq. ft. pre engineered steel insulated building w/ concrete floor. Stacker Building: Approx. 2,448 pole shed w/ concrete floor. 2 – Open Front Dry Storage Sheds: Approx. 20,000 sq. ft. pole sheds; 1 – 40’ x 400’; 1 – 40’ x 108’ w/ gravel floors. Kiln: Approx. 3,500 sq. ft. concrete block; approx. 150,000 board foot capacity. Boiler Building: Approx. 1,785 sq. ft. concrete block / steel building. Office: Approx. 1056 sq. ft. wood frame construction w/ poured concrete wall basement. Home: Approx. 885 sq. ft wood frame construction; Subject to Life Estate. There is approx. 30,000 sq. ft of asphalt parking & approx. 4,000 sq. ft. of concrete paving. A small pond w/ pump house & pumping system for fire suppression is located on site. 2 – 600 amp & 1 800 amp electrical service. REAL ESTATE TERMS: 10% down day of auction, with $25,000.00 to be paid in the form of cash or certified funds, balance of down payment can be made with personal or company check with bank letter of credit. Balance to be due at closing. 10% Buyers Premium will apply to final bid price. Buyer will be provided a warranty deed free and clear of all encumbrances and liens subject to all restrictions & reservations of record or by use. Property sold subject to owners confirmation.

View of Buildings for Khoury Inc
View of Buildings for Khoury Inc	View of Buildings for Khoury Inc
View of Buildings for Khoury Inc	View of Buildings for Khoury Inc
View of Buildings for Khoury Inc	View of Buildings for Aspen Lumber
View of Buildings for Aspen Lumber	View of Buildings for Aspen Lumber
View of Buildings for Aspen Lumber	View of Buildings for Aspen Lumber
View of Buildings for Aspen Lumber	View of Buildings for Aspen Lumber