114 E Market st, Borden, IN 47106 - Clark County

BREWER GENERAL STORE AUCTION

REAL ESTATE & CONTENTS

ANTIQUES/LOCAL MEMORBILIA/EQUIP

SAT. JUNE 23 (LIVE EVENT)

ADDRESS: 114 E Market St, Borden, IN

TRACT #1:114 E. Market St, Borden. Includes the Brewer General Store business, real estate, intellectual properties, liquor license, & business related equipment (coolers, kitchen, shelving, etc-see list on website). Real estate highlights: 1926 built two-story country general store with approx. 5091 sf on first floor & 1616 sf on second floor. Great income potential! See website for complete list of equipment & items that are included in this offering! Known as lot #34 (0.23 ac-parcel ID: 10-16-00-300-140.000-036) & part of lot #43 (63.5 x 82.5-parcel ID: 10-16-00-300-115.000-036). Tax info: $2182/yr

TRACT #2: (SELLS ABSOLUTE-NO RESERVE) 132 Main St, Borden. This property adjoins tract #1. Includes a 1926 built two-story home with approx. 2939 sf of living space & cellar with 1272 sf. House is in need of minor repairs. Upcoming details to follow! Known as part of lot #33 (78x127-parcel ID: 10-16-00-300-120.000-036). Tax info: $1200/yr

OPEN HOUSE/INSPECTION: By appointment, call (812) 738-9476

PERSONAL PROPERTY: See other project for complete listing & details!

NOTE: Come join us as we sell the well-known Brewers General Store in Borden, IN! Family owned since 1931. Selling local history, real estate, store contents, antiques, collectibles, local memorabilia, country store items, & advertising items! A true event that you wont want to miss! Large tent on site & lunch served!

OWNER: Brewer General Store, Inc.

Terms

EXHIBIT A

LIVE REAL ESTATE TERMS & CONDITIONS

1. Property Address: See listing.

2. Conditions of Sale: Everyone must register for a bidder number. The owner does warrant that they have good merchantable title to the real estate and that they will convey the same with an appropriate deed, free from all encumbrances, liens or judgments at the time of closing.

3. Restrictions: Subject to local county and state laws, ordinances and regulations; also selling to all easements of record. Seller is placing no restrictions on the property.

4. Acceptance of Bid: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Tract #1 real estate will be sold subject to the acceptance/rejection of the seller. Tract #2 real estate will be sold to the high bidder, without reserve!

5. Down Payment: 10% (non-refundable) down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

6. Closing: The balance of the purchase price is due at closing, which will take place within 30 days of auction.

7. Possession: Possession at closing.

8. Real Estate Taxes: Real estate taxes will be prorated to the day of closing.

9. Acreage: All tract acreages, dimensions, and proposed boundaries, are approximate and have been estimated based on current legal descriptions and/or aerial photos.

10. Disclaimer and Absence of Warranties: All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied concerning the property is made by the seller or the auction company. All sketches and dimensions in the brochure and are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the seller or the auction company. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The seller and selling agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENT MADE.