Lake Catatoga Real Estate

Information Packet

Online Only Auction

Begins Thursday, Sept. 24

& Ends Thursday, Oct. 1 @

3:30 PM

Aumann Auctions, Inc.

20114 Illinois Route 16

Nokomis, IL 62075

Office:217-563-2523

www.aumannauctions.com

TABLE OF CONTENTS

1. Disclaimer

2. Who is Aumann Auctions

3. Specifics to the Property

4. Finger-tip Reference Sheet

5. Photo Gallery

6. Executive Summary

7. Legal Description

8. Terms & Conditions

9. Auction Tips

10.Thank You letter

Disclaimer: Lake Catatoga

12942 Cherokee

All information contained in this package and any advertisements was obtained from sources believed to be accurate. However; no warranty or guarantee, expressed or im-plied, is intended or made with regard to the accuracy or completeness of this informa-tion. All purchasers must independently investigate and confirm any information or assumptions on which any bid is based. Neither Aumann’s nor the Seller shall be liable for any errors or the correctness of the information provided in this package or in any advertisements or materials disseminated pertaining to the property. Property is sold “AS IS, WHERE IS, WITH ALL FAULTS”. Prospective bidders should verify all information. The property is offered for auction to qualified bidders without regard to prospective purchaser’s race, color, religion, sex, marital status or national origin. The property and improvements will be offered “AS IS” without representation or warranty of any kind, including any representations re-garding environmental conditions affecting the property or its title. The property shall be offered subject to conditions, restrictions, rights-of-way, easements, and reservations, if any, of record; subject to the rights, if any, of tenants-in-possession, under law. Nei-ther Aumann’s nor the Seller make or have made any representations or warranty with respect to the accuracy, correctness, completeness, content or meaning of the informa-tion contained herein. Any decision to purchase or not to purchase is the sole and inde-pendent business decision of the potential purchaser. No recourse or cause of action will lie against any of the above-mentioned parties should purchaser become dissatisfied with its decision, whatever it may be, at a later date. SECOND DISCLAIMER: All information contained was derived from reliable sources believed correct, but is not guaranteed. Buyers shall rely entirely on their own judgment and inspection. Aumann Auction’s is acting exclusively on behalf of Seller in these transactions.

Aumann Auctions, inc.

20114 Illinois Rte. 16

Nokomis, IL 62075

1-217-563-2523

217-563-2111

www.aumannauctions.com

A Little Background

Since it’s inception in 1962, Aumann Auctions has been engaged in the marketing and sale of real and personal property at public auction, throughout the United States. During this period, the firm has conducted thousands of auctions for private individuals, corporations, museums, financial institutions, government agencies and others. Nelson Aumann founded the company in 1962 and was joined by his son, Kurt, in 1988. The company has since grown to include 6 auctioneers and 11 full time employees. Although the company calls Central Illinois home, the firm is licensed and services several mid-western states. They concentrate on farm, residential real estate, commercial real estate, antiques, art and other specialized fields. The team at Aumann Auctions is dedicated to their customers. We put our best foot forward each and every time in order to obtain all we can for the customer when selling their property. Aumann Auctions has won several advertising awards in the industry. They stand at the fore-front within the industry among their peers. A reputation is a precious asset that we guard with an unending fervor. A reputation cannot be bought or given, it must be earned.

Specifics to the Property

ADDRESS: Lake Catatoga 12942 Cherokee Plainview, Illinois Area 7 Lot 20 ID#: 17-000-725-+00 Taxes: $992.70 for year 2007 Bedrooms: 2 (1) measures 7’8” 10’2” (2) measures 10’7” x 10’4” Baths: 2 Kitchen: 21’8” x 17’2” Laundry Room Basement: Measures 15’2” x 14’2” Windows: Anderson Exterior: Vinyl Siding Central Air Heat: Forced Heat Driveway: Gravel Water: Public Sewer: Septic Comments: Great location!! Deck leads to the covered dock w/lodging for two (2) boats. This home is a great looking over Lake Catatoga in a wooded serene location. Lake Catatoga is a no-wake lake. Boat stickers are mandatory. This lake is stocked with crappie, catfish, bass, walleye and bluegill. Annual dues are $200.00 subject to be increased as the boards see fit. Currently, some necessary repairs are being done on the spillway. Title will be passed in the form of an assignment of the balance of a 99 year Leasehold Agreement. This Leasehold Agreement has a built in renewal clause to protect the Buyers.

Finger-tip Reference Sheet

ADDRESS: Lake Catatoga 10942 Cherokee Plainview, Illinois Area 7 Lot 20 Parcel ID#: 17-000-725-+00 Taxes: $992.70 for year 2007

AUCTION DATE: ONLINE ONLY AUCTION!

BEGINS THURSDAY, SEPT 24 @ 8:00 AM ENDS THURSDAY, OCTOBER 1 @ 3:30 PM

GO TO WWW.AUMANNAUCTIONS.COM TO BID

Please plan to attend at least one of the scheduled Open Houses for this property:

Sunday, September 13, 2009 from 1-3

Tuesday, September 22, 2009 from 4-6

TERMS OF SALE: Successful bidder(s) will be required to enter into a written contract to purchase and deposit $5,000.00 (five thousand dollars) earnest money, which is due by 5:00 pm on Friday, October 2, 2009 with remaining balance due on or before November 2, 2009. Earnest money must be made in the form of a certified check, cash or wire transfer. There will be a 10% Buyer's Premium added to the final bid price.

YOU ARE URGED TO THOROUGHLY INSPECT THE PROPERTY AND

COMPELTE YOUR OWN DUE DILIGENCE BEFORE THE AUCTION!!

Photo Gallery

Photo Gallery

Photo Gallery

Executive Summary

LAKE CATATOGA PROPERTY

12942 Cherokee Plainview, Illinois

This home is located approximately 8 miles from Carlinville. You’ll be drawn to entering this house in such a serene area. Once inside, you’ll discover a very strategic layout. The great room measures approximately 21’8” x 17’2” and has beams adorning the ceilings. The kitchen has a linoleum floor and is user-friendly. There are two (2) pantries that allow for extra storage space in the kitchen. Strategically placed, a full bath sits off of the kitchen area. The laundry room also re-sides on the main floor. There are two (2) bedrooms on the main floor. The southwest bedroom measures 7’8” x 10’2” and has a full bath. The second bedroom sits on the northeast side of the house. This bedroom measures 10’7” x 10’4”. There is a full bath and nice walk-in closet. From the main floor, a covered deck faces Lake Catatoga. Imagine evenings sitting on the deck w/a cool breeze blowing while watching the strolling of pontoon boats around the lake. The dock can be accessed from the deck via the stairs that lead all the way down to the boat dock.

Executive Summary

The basement measures 15’2” x 14’2” w/chair railing accents. Conveniently, access to the dock can be obtained from the basement. This house has vinyl siding, Anderson windows, a rock drive and central air. A private serene setting w/lake access makes this property an outstanding piece of real estate for anyone. Lake Catatoga is a no-wake lake. Boat stickers are mandatory. This lake is stocked with crappie, catfish, bass, walleye and bluegill. Annual dues are $200.00 subject to be increased as the boards see fit. Currently, some necessary repairs are being done on the spillway. Title will be passed in the form of an assignment of the balance of a 99 year Leasehold Agreement. This Leasehold Agreement has a built in renewal clause to protect the Buyers. Remember, bidding begins Thursday, September 24, 2009 @ 8:00 am and ends Thursday, October 1 @ 3:30 pm. Successful bidder(s) will be required to enter into a written contract to purchase and deposit $5,000.00 (five thousand dollars) earnest money, which is due by 5:00 pm on Fri-day, October 2, 2009 with remaining balance due on or before November 2, 2009. Earnest money must be made in the form of a certified check, cash or wire transfer. There will be a 10% Buyer’s Premium added to the final bid price. Remember to check the terms of the auction.

Legal Description for Property

12942 Cherokee

LAKE CATATOGA

Area 7 Lot 20 Parcel ID#: 17-000-725-+00 Taxes: $992.70 for year 2007

Terms & Conditions

TERMS OF SALE: Successful bidder(s) will be required to enter into a written contract to purchase and deposit $5,000.00 (five thousand dollars) earnest money, which is due by 5:00 pm on Friday, October 2, 2009 with remaining balance due on or before November 2, 2009.

Earnest money must be made in the form of a certified check, cash or wire transfer to Aumann Auctions.

There will be a 10% Buyer's Premium added to the final bid price.

Closing will take place on or around Monday, November 2, 2009.

This property is being sold “as is, with all faults”. We encourage you to perform due dili-gence on this property. You must rely on your own inspection and judgment when bid-ding on this property.

The property is not being sold with a financing contingency, so we recommend that you pre-qualify yourself with your lending institution before bidding on this property. This will allow you to bid with confidence.

If you have questions regarding the auction or this property, please contact Becky @ beckyc@aumannauctions.com or dial 888-282-8648.

Auction Tips

The following “Auction Tips” will help you in your purchase of an auction property. 1. Thoroughly read through the Property Information Package and familiarize yourself with

the properties offered and the Auction Terms and Conditions. If you will require financing, please see a lender for pre-qualification. If you have questions about the Terms, Conditions or Purchase Agreement, contact our office and speak with one of the Auction Staff. We are here to assist you. 2. Schedule a personal showing of this property to perform your own due diligence. Establish a range of value for the property and bid within your limits. We do not recommend that you bid on a property that you have not seen. 3. Deposit is $5,000.00 due by 5:00 pm Friday, October 2, 2009, as is the signing of the contract. Earnest money must be made in the form of a certified check, cash or wire transfer. There will be a 10% Buyer's Premium added to the final bid price. 4. When you receive an accepted Purchase Agreement (fully executed by both Buyer and Seller), please be prepared to close the transaction within 30 days. Buying real estate at auction is that simple and easy. Good luck in your bidding!!

Aumann Auctions, Inc.

20114 Illinois route 16

Nokomis, il 62075

217-563-2523

At this time, Aumann Auctions, Inc. would like to say thank you for participat-ing in the viewing of this real estate Property Information Packet. Please refer to the property information packet for all pertinent information relating to the property and the process of using the Auction Method of Market-ing. If you have questions about the property or our services, please contact Becky Carter or Tom Sweet at 1-888-282-8648 or by emailing beckyc@aumannauctions.com Again, we appreciate the time you have spent reviewing this informational packet. We’re sure it’s going to make someone a lovely home. See you at the auction! Becky Carter, CES, CAI Realtor, Auctioneer Tom Sweet Auctioneer