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Secured Party's Sale

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Ads for Courtney, Lee & Hamel PC in Pittsfield, MA


SECURED PARTY'S SALE AT PUBLIC AUCTION On Thursday August 6, 2026 at 1:00 PM at the premises located at 213 Main Street Williamstown Massachusetts all tangible and intangible assets of SHARASWATI INC (the "Debtor"), will be offered for sale to the highest bidder at public auction by Beacon Bank & Trust, successor by merger f/k/a Berkshire Bank (the "Secured Party"), to wit: All of the following property that is now or hereafter at any time used in connection with (without regard to the duration of the period of such use), or now or at any time relates to or arises as a result of, the operation of the business known as SHARASWATI INC aka Howard Johnson Inn ("the Debtor"): COLLATERAL All personal property of Debtor of every kind and nature, wherever located, whether now owned or hereafter acquired including without limitation, the following categories of property as defined in Revised Article 9 of the Uniform Commercial Code: goods (including Inventory, equipment, fixtures, farm products and any accessions thereto) instruments (including promissory notes), documents, accounts (including health-care-insurance Receivables), chattel paper (whether tangible or electronic), deposit accounts, letter of credit rights (whether or not the letter of credit is evidenced by a writing), commercial tort claims securities and all other investment property, general intangibles (including payment intangibles and software), supporting obligations and any and all records at accessions to and products and proceeds of the foregoing. Any term used herein which is defined In either (I) Article 9 of the Uniform Commercial Code as In effect In the jurisdiction in which this financing statement was signed or authenticated or (ii) Article 9 of the Uniform Commercial Code as in effect at any relevant time in the jurisdiction in which this financing statement is filed, has the meaning to be ascribed thereto with respect to any particular item of property under the mor encompassing of the two definitions. This financing statement covers and is intended to cover all personal property of the debtor. In addition, the word "collateral" also includes all the following, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located: A) All accessions, attachments, accessories, tools, parts, supplies, replacements of and additions to any of the collateral described herein, whether added now or later. B) All products and produce of any of the property described in this Collateral section. C) All accounts, general intangibles, instruments, rents, monies, payments, and all other rights, arising out of a sale, lease, consignment or other disposition of any of the property described in this Collateral section. D) All proceeds (including insurance proceeds) from the sale, destruction, loss, or other disposition of any of the property described in this Collateral section and sums due from a third party who has damaged or destroyed the Collateral or from that party's insurer, whether due to judgement, settlement or other process. E) All records and data relating to any of the property described in this Collateral section, whether in the form of a writing, photograph, microfilm, microfiche, or electronic media, together with all of Grantor's right, title and interest in and to all computer software required to utilize, create, maintain, and process any such records or data on electronic media. The Secured Party makes absolutely no representations or warranties whatsoever as to any rights, obligations, liabilities or assets of the Debtor. Any document, statement or information provided to any potential bidder by the auctioneer, Aaron Posnik & Co., Inc., 31 Capital Drive, West Springfield, Massachusetts 01089 (Lic. #161) is provided solely for informational purposes and no representation or warranty as to the accuracy or completeness thereof is made by the Secured Party or the auctioneer. The tangible and intangible assets will be offered and sold pursuant to Article 9 of the Uniform Commercial Code as in effect in the Commonwealth of Massachusetts and the sale shall be subject to the following terms and conditions: The assets may be offered for sale as follows: (a) the tangible assets IN THEIR ENTIRETY (WITH THE MORTGAGEE SALE OF REAL ESTATE) at the discretion of the Secured Party. The Secured Party may continue or suspend the sale hereby advertised or cause the sale to be adjourned from time to time, without notice or publication, by announcement at the time and place appointed for such sale, or any adjournments, and, without further notice or publication, such sale may be made at the time and place to which the sale may be so adjourned. The Secured Party shall not be obligated to make any sale pursuant to this notice and reserves the right to approve or reject any bids. Right is reserved to the Secured Party to bid at the sale or any adjournments thereof and to credit the purchase price against the expenses of the sale and the principal, interest, and any other amounts owed to the Secured Party. The outstanding amount of the indebtedness of the Debtor owed to the Secured Party shall not be otherwise diminished until satisfaction in full thereof or release by the Secured Party. The terms of the MORTGAGEE SALE OF REAL ESTATE WILL CONTROL THE PAYMENT OF THE HIGHEST BID. A "Buyer's Premium" of six (6%) shall be added to the highest bid. The sale will be kept open after bids have been received on all assets, and in case any successful bidder fails to complete its purchase as provided, the tangible assets may thereupon (i) again be put up for sale by the Secured Party without further publication or notice, (ii) be sold to the second highest bidder, or (iii) be purchased by the Secured Party in lieu of the successful bidder for the amount of the successful bid less the monetary obligations of the Debtor to the Secured Party secured by the assets. In the event of failure to complete the purchase, the bidder will not be relieved of liability to complete the purchase and the bidder's deposit will be held as liquidated damages for breach of bidder's obligation to complete the purchase and will not be refunded. The above terms and conditions of the sale may be subject to additional or amended terms and conditions to be announced at the time of the sale. The assets may be inspected at 213 Main Street Williamstown Massachusetts by contacting Aaron Posnik & Co., Inc., 31 Capital Drive, West Springfield, Massachusetts 01089, or at the following times: Saturday August 1, 2026, from 10am to 2pm and on the day of the auction sale from 9am to 1pm. Beacon Bank & Trust, successor by merger f/k/a Berkshire Bank By: Richard Dunn, SVP, Director - Managed Assets Attorney for Berkshire Bank Thomas J. Hamel, Esquire COURTNEY LEE & HAMEL, PC 31 Wendell Avenue Pittsfield, Massachusetts 01201-6145 Published in Berkshire Eagle on July 16, 2026 Ad# 102940 07/16/2026

Jul 16, 2026. Courtney, Lee & Hamel PC Notices Ads from The Berkshire Eagle ShopLocal

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413-443-4445

Courtney, Lee & Hamel PC

413-443-4445
31 Wendell Ave
Pittsfield, MA 01201
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