By registering and bidding on any item, the bidder/buyer shows acceptance of the following terms and conditions. Do not register or bid unless you agree to all the terms and conditions: REGISTRATION: All information provided by bidder/buyer during the registration process must be current, complete, and accurate. Bidders must be 18 years of age or older. Adam Breault Auctions, at its sole discretion, may deny registration to any person or entity. DISCLAIMER: All lots are sold "AS-IS, WHERE-IS", with all faults, imperfections and errors. Adam Breault Auctions and the seller(s) do not give or make any type of guarantee or warranty regarding the lots to be sold, implied or otherwise. Adam Breault Auctions encourages all bidders to inspect lots in person before bidding when available. Adam Breault Auctions has put forth every effort in preparing the catalog for every auction to provide accurate descriptions of all items, however, it is the bidder's responsibility to determine the condition and suitability of each lot. Due diligence is the responsibility of the bidder/buyer. Printed statements or descriptions by staff are provided in good faith and are matters of opinion. Any bidder's failure to inspect, or to be fully informed on the quality or condition will not constitute grounds for any claim, adjustment, refund, termination of the purchase contract, or refusal to close the sale. If you are unsure about any of the Term and Conditions, pricing, or how to bid; IF YOU ARE IN ANY WAY UNSURE AS TO ANY MATTER HEREIN, Adam Breault Auctions URGES YOU TO NOT BID. WE ATTEMPT TO TAKE THE BEST PICTURES WE CAN ALONG WITH SOME STOCK PHOTOS BUT UNFORTUNATELY, WE CANNOT OFFER ANY RETURNS, NO EXCEPTIONS! BUYER BEWARE! CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Adam Breault Auctions. Adam Breault Auctions reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. WE ACT ONLY AS AGENTS FOR THE SELLER. Sellers or their agents reserve the right to bid on their own behalf to protect their investment(s). All decisions of Adam Breault Auctions are final. MAX BID: When you place your maximum bid, the current bid price doesn't automatically jump to your max bid. Your bid will go to the next highest increment and will be increase as other people bid against you. The computer will automatically bid up to your max in the increments specified. By placing any bids, you have agreed by legal contract that your bid or max bid is what you are willing to pay for that specific lot(s) and may have to pay full bid or max bid amount of any bids placed. The buyer agrees and is responsible for every bid amount placed. Remember, Adam Breault Auctions or anybody for that matter, DO NOT force you to place any bid, you and you alone are responsible for your actions. Please bid accordingly. PLEASE NOTE: PROPERTY DOES HAVE A RESERVE BID AMOUNT THAT IT MUST REACH IN ORDER FOR PROPERTY TO SELL. BUYER'S PREMIUM: 0% ON COMMERCIAL PROPERTY, 15% BUYER'S PREMIUM APPLIES TO THE KRAUTER BUILDING, TRUCKS AND FORKLIFT. 5% DISCOUNT FOR CASH OR CHECK. Real Estate bids are subject to seller approval. Bids for a cash purchase require �proof of funds� from purchaser or a bid for financing to require a �pre-approval� by a lender of purchaser�s choice. PLEASE NOTE: DO NOT BID IF YOU CAN NOT SECURE THE NECESSARY FUNDS TO PURCHASE THE PROPERTY. The high bidder will deposit the earnest money deposit of 10% of the purchase price with CBSR at the time of execution of a Buy and Sell Agreement for the amount and terms of the purchase. The balance of the purchase price is due at closing per the terms of the Buy and Sell Agreement executed by purchasers and accepted by sellers. ADAM BREAULT AUCTIONS AND COLDWELL BANKER SCHMIDT REALTORS reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time. The identity of all bidders will be verified. Bidding rights are therefore provisional, and if complete verification is not possible, ADAM BREAULT AUCTIONS AND COLDWELL BANKER SCHMIDT REALTORS may reject the registration of a bidder, and bidding activity will be terminated. ADAM BREAULT AUCTIONS, COLDWELL BANKER SCHMIDT REALTORS and their representatives are Exclusive Agents of the Seller(s). ADAM BREAULT AUCTIONS reserves the right to negotiate a final sales price on behalf of the Seller, or bid on behalf of the Seller, if necessary. ADAM BREAULT AUCTIONS AND COLDWELL BANKER SCHMIDT REALTORS reserves the right to revise The Terms and Conditions. SUSPENSION / PERMANENT BAN: A bidder/buyer will be suspended or permanently banned from Adam Breault Auctions Online Auctions for providing false or fraudulent information when registering. A bidder/buyer will be permanently banned from Adam Breault Auctions Online Auctions for failing to honor the "REMOVAL" terms made under that bidder/buyer registration. TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Adam Breault Auctions reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Adam Breault Auctions shall be held responsible for a missed bid or the failure of the software to function properly for any reason. BEFORE THE AUCTION: You may attend pre-sale viewing for all of our auctions. All property to be auctioned is usually on view for several days prior to the sale. You are encouraged to examine lots thoroughly. IMPORTANT NOTE: Your bid is a legally binding contract, no exceptions. Winning bidder agrees to indemnify and hold harmless sellers, auctioneers, auctioneers employees, auction company owners, directors, etc. etc. from all claims, fees, judgments, expenses, disputes, legal fees etc. etc. If you fail to pick up your items on the load out day and don't contact us we will bill your credit card used upon registration for this auction. These terms & conditions supercede any and all printed or online terms and conditions. Please contact us for any additional questions. Adam H. Breault Owner/Auctioneer Adam Breault Auctions (989) 329-0399

PENNEY'S LUMBER HAS MADE DECIDED TO AUCTION OFF THE COMMERCIAL PROPERTY AND WE HAVE PARTNERED WITH COLDWELL BANKER SHCMIDT REALTORS. THE AUCTON WILL TAKE PLACE ON SATURDAY, SEPTEMBER 7, 2024 AT 12 PM. PREVIEWS WILL BEGIN THAT DAY AT 9 AM. ADDITIONAL VIEWINGS ARE AVAILABLE BY APPOINTMENT. WE HAVE ADDED THE EQUIPMENT TO THIS AUCTION TO ALLOW FOR ONLINE ABSENTEE BIDDING: KRAUTER AUTO-STAK LUMBER STORAGE BUILDING, 2005 INTERNATIONAL 4300 DT466 FLATBED DELIVERY TRUCK, 1988 GMC TOPKICK 4000 DIESEL FLATBED DELIVERY TRUCK, YALE VERACITOR 80VX FORKLIFT. LOCATED AT 566 E HOUGHTON LAKE DRIVE, PRUDENVILLE, MI 48651. 2.2 Acres of prime commercial property, formerly known as Penney's Lumber, offers a 5,488 sq ft poured foundation for new construction; 80 ft x 30 ft brick building with a small office area, 2 bays both with access and overhead doors and an additional 3,280 sq ft enclosed storage area. This is situated on a high traffic area on M-18 North to Roscommon and just North of the M-18 and M-55 intersection, only 10 minutes to I-75. Zoned Commercial/Village Mixed Use offering numerous zoning allowances for development. Located in Prudenville and just across M-18 from Houghton Lake, Michigan's largest inland lake. Contact Ruth Clemens with Coldwell Banker Schmidt Realtors at (989) 429-3100 with any questions or to request a viewing of the commercial property and buildings. VISIT ADAMBREAULT.COM FOR PICTURES AND COMPLETE TERMS & CONDITIONS.