Conditions of Sale

Kraft Auction Service LLC. AS AGENT

The lots listed in this catalogue will be offered by Kraft Auction Service LLC. as owner or as agent for consignor(s) subject to the following terms and conditions. By bidding at auction you agree to be bound by these Conditions of Sale.

BEFORE THE SALE

Prospective buyers are strongly advised to personally examine any property in which they are interested before the auction takes place.. All lots are sold AS IS and without recourse and neither Kraft Auction Service LLC. nor its consignor(s) makes any warranties or representations, express or implied with respect to such lots. Neither Kraft Auction Service LLC. nor its consignor(s) makes any express or implied warranty or representation of any kind or nature with respect to merchantability, fitness for purpose, correctness of the catalogue or other description of the physical condition, size, quality, rarity, importance, medium, material, genuineness, attribution, provenance, period, culture, source, origin, exhibitions, literature or historical significance of any lot sold. The absence of any reference to the condition of a lot does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections or the effects of aging. No statement, whether written or oral, and whether made in the catalogue, or in supplements to the catalogue, an advertisement, a bill of sale, a salesroom posting or announcement, the remarks of an auctioneer, or otherwise, shall be deemed to create any warranty, representation or assumption of liability. Kraft Auction Service LLC. and its consignor(s) make no warranty or representation, express or implied, that the purchaser will acquire any copyright or reproduction rights to any lot sold. Kraft Auction Service LLC. expressly reserves the right to reproduce any image of the lots sold in the catalogue.

AT THE SALE

Refusal of Admission: Kraft Auction Service LLC. has the right, at our complete discretion, to refuse admission to the premises or participation in any auction and to reject any bid.

Registration before Bidding

A prospective buyer must complete and sign a registration form and provide identification before bidding. We may require bank or other financial references.

Bidding as Principal

When making a bid, a bidder is accepting personal liability to pay the purchase price, including the buyer's premium, all applicable taxes and all other applicable charges, unless it has been explicitly agreed upon in writing with Kraft Auction Service LLC before the commencement of the sale that the bidder is acting as agent on behalf of an identified third party acceptable to Kraft Auction Service LLC., and that Kraft Auction Service LLC. will only look to the principal for payment.

Absentee Bids

We will use reasonable efforts to carry out written bids given to us at least 24 hours prior to the sale for the convenience of clients who are not present at the auction in person, by an agent or by telephone. Bids must be placed in U.S. dollars. If we receive written bids on a particular lot for identical amounts, and these are the highest bids on the lot at the auction, it will be sold to the person whose written bid was received and accepted first. Execution of written bids is a free service undertaken subject to other commitments at the time of the sale and we do not accept liability for failing to execute a written bid or for errors and omissions in connection with the written bid.

Telephone Bids

On lots with a low estimate of $500 and above and if a prospective buyer makes arrangements with us prior to the commencement of the sale we will use reasonable efforts to contact them to enable them to participate in the bidding by telephone and we do not accept liability for failure to do so or for errors and omissions in connection with telephone bidding. These telephone bids may be recorded at the discretion of Kraft Auction Service LLC.

Online Bids

We will use reasonable efforts to carry out online bids and do not accept liability for equipment failure, inability to access the Internet or software malfunctions related to the execution of online bids.

Reserves

Some lots in the sale are subject to a reserve which is the confidential minimum price below which such lot will not be sold. Reserves are agreed upon with consignors or, in the absence thereof, the absolute discretion of Kraft Auction Service LLC. The auctioneer may open the bidding on any lot below the reserve by placing a bid on behalf of the seller. The auctioneer may continue to bid on behalf of the seller up to the amount of the reserve, either by placing consecutive bids or by placing bids in response to other bidders. With respect to lots that are offered without reserve, unless there are already competing bids, the auctioneer, in his or her discretion, will generally open the bidding at half of the low estimate for the lot. In the absence of a bid at that level, the auctioneer may proceed backwards at his or her discretion until a bid is recognized, and then continue up from that amount.

Auctioneer's Discretion

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw any lot, and in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Successful Bid

The highest bidder acknowledged by the auctioneer will be the purchaser. In the case of a tie bid, the winning bidder will determined by the auctioneer at his or her sole discretion. In the event of a dispute between bidders, the auctioneer has final discretion to determine the successful bidder or to reoffer the lot in dispute. If any dispute arises after the sale, the Kraft Auction Service LLC. sale record shall be conclusive. Title passes upon the fall of the auctioneer's hammer to the highest acknowledged bidder subject to the Conditions of Sale set forth herein, and the bidder assumes full risk and responsibility.

AFTER THE SALE

Buyer's Premium

In addition to the hammer price, the buyer agrees to pay Kraft Auction Service LLC. a buyer's premium and the applicable sales tax added to the final total. The buyer's premium for purchases made via online bidding is twenty (20%) of the hammer. Onsite buyers pay a buyer's premium of 10% plus an additional 3% if they pay their bill by credit card.

Payment

Onsite buyer's must pay their bill the day of the sale either by cash, check with certified letter, or any major form of credit card.

The online buyers must pay the entire amount due (including the hammer price, buyer's premium, all applicable taxes and other charges) no later than 5 p.m. on the seventh (7) business day following the sale. Payment in U.S. dollars may be made with cash; credit card (Mastercard, Visa, Discover); bank check or cashier's check drawn on a U.S. bank; money order; or wire transfer unless other arrangements are made with Kraft Auction Service LLC. Kraft Auction Service LLC. reserves the right to hold merchandise purchased by personal check until the check has cleared the bank. The purchaser agrees to pay Kraft Auction Service LLC. a handling charge of $50 for any check dishonored by the drawee.

Collecting Purchases

Once Kraft Auction Service LLC. has received all funds due to us, the buyer shall collect purchased lots within seven (7) business days from the date of the sale.

Packing and Shipping

Kraft Auction Service LLC. will take your purchases to Pak Mail in Valparaiso at no additional charge. Pak Mail will package and ship your items for you at the buyer's expense. Buyer will pay Pak Mail directly for shipping. If buyer would like another third party shipper to ship their item, they will need to arrange shipping themselves and have their shipper pick the item up from Kraft Auction Service LLC. Packing and handling of purchased lots by us is at the entire risk of the purchaser, and Kraft Auction Service LLC. will have no liability of any loss or damage to such items.

Non Payment

If we do not receive payment in full, in good cleared funds, within seven (7) business days following the sale, we are entitled in our absolute discretion to exercise one or more of the following measures, in addition to any additional actions available to us by law:

a.) to impose a late charge of one and a half percent (1.5%) per thirty (30) days of the total purchase price

b.) to hold the defaulting buyer liable for the total amount due and to begin legal proceedings for its recovery together with interest, legal fees and costs to the fullest extent permitted under applicable law

c.) to cancel the sale

d.) to resell the property publicly or privately with such terms as we find appropriate, to resell the property at public auction without reserve, and with the purchaser liable for any deficiency, cost, including handling charges, the expenses of both sales, our commission on both sales at our regular rate, all other charges due hereunder and incidental damages. In addition, a defaulting purchaser will be deemed to have granted us a security interest in, and we may retain as collateral security for such purchaser's obligations to us, any property in our possession owned by such purchaser. At our option, payment will not be deemed to have been made in full until we have collected funds represented by checks, or in the case of bank or cashier's checks, we have confirmed their authenticity.

e.) to offset against any amount owed

f.) to not allow any bids at any upcoming auction by or on behalf of the buyer

g.) to take other action as we find necessary or appropriate

Failure to Collect Purchases

If property is not picked up within seven (7) business days following the sale, whether or not payment has been made, Kraft Auction Service LLC. reserves the right to charge $5 per lot per day or to deliver said property to a public warehouse for storage at the purchaser?s expense. Leslie Hindman Auctioneers, Inc. shall have no liability for any damage to property left on its premises for more than seven (7) business days following the sale. In addition, we reserve the right to impose a late charge of one and a half percent (1.5%) per month of the total purchase price if payment is not made in accordance with the conditions set forth herein. For property that is not picked up after thirty (30) calendar days, an additional administration fee of $75 will be charged. Property which is paid for but left on our premises for any reason in excess of sixty (60) calendar days is subject to sale by us with the balance of any funds recovered in excess of storage charges and any other fees being remitted to you.

LIABILITY

Condition Reports

Kraft Auction Service LLC. is not responsible for the correctness of any statement of any kind concerning any lot, whether written or oral, nor for any other errors or omissions in description or for any faults or defects in any lot. Neither the seller, ourselves, our officers, employees or agents, give any representation, warranty or guarantee or assume any liability of any kind in respect of any lot with regard to merchantability, fitness for a particular purpose, description, size, quality, condition, attribution, completeness, authorship, authenticity, rarity, importance, medium, provenance, exhibition history, literature or historical relevance. Except as required by local law any warranty of any kind whatsoever is excluded by this paragraph. Items under $1,000 are collated upon request.

Purchased Lots

If for any reason a purchased lot cannot be delivered in the same condition as at the time of sale, or should any purchased lot be stolen, mis-delivered or lost prior to delivery, Kraft Auction Service LLC. shall not be liable for any amount in excess of that paid by the purchaser.

Legal Ramifications

The rights and obligations of the parties with respect to these Conditions of Sale, the conduct of the auction and any matters connected with any of the foregoing shall be governed and interpreted by the laws of the jurisdiction in Indiana. If any part of these Conditions of Sale is found by any court to be invalid, illegal or unenforceable, that part shall be discounted and the rest of the conditions shall continue to be valid to the fullest extent permitted by law.

Discretion

Any and all of the conditions may be waived or modified in the sole discretion of Kraft Auction Service LLC

Ed''s Auto Parts and Supply Business Liquidation Auction Tuesday November 6, 2018 10:00am CDT Located at 1006 S Heaton St. Knox, IN. Commercial Real Estate This nearly 8,000 building sits on 0.41 acres and is seen by over 11,000 cars daily. The building features 3,156 square feet of fully-conditioned retail space and 4,800 square feet of shop/storage space. There are two restrooms, a manager's office and a 10' x 14' overhead door at the rear of the building. This property has been well maintained and ready for a new business to move-in to. Terms: $25,000 non-refundable down payment borught up to 10% within 3 business days, closing in 30 days, taxes pro-rated and final to day of closing, sold as-is, possession at closing, warranty deed, sells with seller's confirmation, and subject to a 10% buyer's premium. Auto Shop Equipment - Forklift John Bean 4-post 12,000lb drive on automotive lift; John Bean visualiner 3-d alignment machine; Atlas PV-10P 2 post 10,000lb auto lift; Legend OH9 2 post 9,000lb auto lift; Ammco brake lathe and accessories; Ammco model 8000 brake shoe grinder; Gates PC707 700 series die hose crimper; supply of hydraulic fittings; 12v battery charger; variety of power and hand tools; bench vises; IR ½" impact, brand new; tire repair tools; Gates ADP tool kit; fan clutch wrench set; oxygen and acetylene torch set and cart; small battery chargers; Actron auto scanner plus; Dayton floor fan; 2- K international transmission jacks; mechanics tool boxes; pulley holding tool set; impact sockets; c-clamps; brand new car ramps; 2- oil drain units; 3- floor jacks; BDM blue streak diagnostic monitor; morgan vise on stand; quaker state oil lubster; variety of air tools; Barbee co. radiator flex lift; 2- aluminum ladders; 2- steel wheeled depot carts; 8 ton rolling engine hoist; Speed Aire 80 gal air compressor, single phase; engine stand; 2- wheel carts; air tank; numerous jack stands; Chicago floor model rivet machine; K international 20 ton hydraulic press; Dayton grinder and stand; Helicoil spark plug thread repair kits; bearing remover set; seal driver set; disc brake pad and caliper service kit; M engine tool set; Amrox 12 speed heavy duty drill press with vise; R&D parts washer; parts cabinets; deluxe alternator service kit; Master air conditioner compressor service tool kit; mini tune generator, alternator, starter tester; ½" twist socket set; tail pipe extender set; coast pole shoe tool; universal front axle bearing remover/installer; super nub shark puller; spare key department key cutter, display and blank keys; Allis Chalmers 2000lb lp forklift; and much more.. New Store Parts and Accessories Inventory Peak Blue DEF fluid; Handy Pak wiring center inventory and display; Scott rags; Gunk floor cleaner; large quantity of antifreeze and various types of oils (Lucas, Vavoline, Parts Master, Wolfs Head and other brands); Brake line inventory and display racks; Lisle store display full of new tools; vent visors; 100's of cans and bottles of automotive supplies including de-icer, polish and cleaners; radiator sealer, radiator flush, truck wash, turtle wax, tire shine, marine gear oils, foam cleaners, windshield fluid, WD-40, power steering stop leak, water pump lube, sea foam, fast orange cleaner, carb and choke cleaner, liquid wrench, starting fluid, battery cleaner, wire dryer, engine restorer, 134a refrigerant, fogging oil, fuel dryer, slip axle additive, rubberized undercoating, octane booster; large amount of brake hoses, filter kits, belts, and hoses; fuse kits; Ford and Toyota decals; quantity of Anco wiper blades; HELP! Repair inventory; Dorman front and rear leaf springs; threaded rod stock; Western snow plow oil and parts; Lisle fastener tools and bits inventory; trailer wiring harnesses; trailer lights; Parts inventory including: pulleys, tensioners, gaskets, water pumps, hub assemblies, bearings, thermostats, fuel and oil caps, red hot glass pack exhaust, brake pads, brake rotors, brake shoes, hose clamps, fuel pumps, spark plug wires, u-joints, spark plug inventory, blower and fan motors, heater parts, control arms, inner sockets, tie rod ends, chassis parts, and more; Edelman automotive fittings cabinet and inventory; Pik-a-nut cabinet and inventory; New jumper sets of jumper cables; LED trouble lights; 3.5 gallon parts cleaner; trailer hitch inserts; ball hitches; DEF testers; tow strap; fire extinguishers; painters tape; air hoses; 20 ton bottle jack; pair of 6 ton jack stands; hacksaw blade inventory; Auto Body Dr. supply inventory; Irwin drill bit inventory; floor mats; flaring tool sets; test kits; Lincoln grease guns; 24- Dorman supply boxes and inventory contents; Lithium 12v jump starter; solar battery charger; Dorman multi-fit tpms programming solution; Pop rivet guns and rivets; 2- Champion spark plug displays; o-rings; 100+ automotive books; K tool impact socket sockets display and inventory; K international socket and wrench display and inventory; K tools ¾" and 1" impact socket display and inventory; K tool screw drivers; K tool plier rack and inventory; Fastenal screw cabinet with contents; Auto meter bva-300 tester; Haynes repair manual rack and books; Macpherson shock retaining nut spanner wrench; Scrap iron; and much more… Guns Winchester model 67 .22 bolt action rifle; 2- New England Arms 20ga single shot; Savage 220d 20ga single shot; Iver Johnson Champion 12 ga single shot; New England Arms Ducks Unlimited Green Wing 20ga single shot; JC Higgins model 583 16ga bolt action; Revelation Stevens model 350 12ga single shot; Stevens Nitro Special 12ga single shot; Stevens Model 95 single shot; Iver Johnson Champion 16ga single shot; Diamond Arms model 84b 20ga single shot; Iver Johnson Champion 12ga single shot; Savage Stevens model 67e 12ga pump shotgun; H&R model 15; CVA .54 caliber stalker muzzleloader; duck decoys Advertising – Store Fixtures – And More! Ed's Auto Parts vintage sign; advertising banners; Quaker State illuminated clock sign; 2- Auto Value Parts Store illuminated signs; advertising shop stools; 2- NTK tin sign; 2- Monroe shocks clock; Dorman ready-paks vintage cabinet; AC Delco battery tin sign; Gates tin sign; 2- Champion spark plug tin sign; Hasting Filters sign; Lawn-boy steel flange sign; 2- Monroe tin thermometers; 2- Merit exhaust signs; Lawn-Boy double sided steel service sign; Lawn-boy tin embossed sign; Several sections of gondola shelving; Sharp cash register; Big A tune up cabinet; Standard plus ignition service cabinet; 30+ metal shelving units; battery racks; pallet racking; and much more… Owner: Ed's Auto Parts Auctioneer's Note: We will start the sale by offering the real estate at 10am, and then move right into the personal property auction after that. We will sell in catalog order. Online bidding is available for personal property. Sign-up and start bidding today! Terms: Cash, all major credit cards, or good check with positive ID. 3% service fee for credit cards. 15% buyers premium onsite and 18% buyer's premium online. 7% Indiana sales tax on all new store inventory. Settlement day of the auction. Not responsible for accidents or items after sold. Information announced day of sale takes precedence over printed material. Kraft Auction Service LLC Col. Conrad Kraft- AU01032667 Jonathan Kraft – AU10500173 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com Key Auctioneers Seth Seaton - AU10900115 855-353-1100 - KeyAuctioneers.com