Lake Catatoga Real Estate

Information Packet

Online Only Auction

Begins Thursday, Sept. 24

& Ends Thursday, Oct. 1 @

3:00 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

10900 Clearwater

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 10900 Clearwater Lane Plainview, Illinois Area 2 Lot 17 Bedrooms: 3 Baths: 3 Kitchen: Beautifully designed. The contrast of colors between the flooring & the cabinets is exquisite. Lower Level: Finished with a warm fireplace, full kitchen, beautiful bar, bedroom, full bath and more. Exterior: Vinyl Siding with brick. Central Air Deck & Patio Covered Boat Dock w/two slings. Heat: Forced Heat Water: Public Sewer: Septic Comments: This fabulous Lake Catatoga property is a magnificent piece of real estate. This awesome piece of real estate sits on the most monumental point of Lake Catatoga. The view is unbelievable! 10900 Clearwater Lane sits in a quiet secluded area amongst the trees.

Finger-tip Reference Sheet

ADDRESS: Lake Catatoga 10900 Clearwater Lane Plainview, Illinois Area 2 Lot 17 Taxes: Due diligence must be performed by the potential buyer.

AUCTION DATE: ONLINE ONLY AUCTION!

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

GO TO WWW.AUMANNAUCTIONS.COM TO BID

Visit our virtual tour and one of our open houses scheduled for: Sunday, September 13, 20069 from 1-3 pm Tuesday, September 22, 2009 from 4-6 pm.

TERMS OF SALE: Successful bidder(s) will be required to enter into a written contract to purchase and deposit $10,000.00 (ten 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

Photo Gallery

Photo Gallery

Executive Summary

LAKE CATATOGA PROPERTY

10900 CLEARWATER LANE

Plainview, Illinois

This fabulous Lake Catatoga property is a magnificent piece of real estate. This awesome piece of real estate sits on the most monumental point of Lake Catatoga. The view is unbelievable! 10900 Clearwater Lane sits in a quiet secluded area amongst the trees. The landscaping welcomes you into this fantastic home. Upon entering this home, the cathedral ceilings set the mood for the rest of the house. The dark cherry colored wood flooring is a great contrast to the oak colored cabinets in the kitchen and the trim throughout the house. The great room and kitchen have a perfect view of the lake. The north side of the house has beautiful windows that allow for natural lighting on the main level as well as the fantastic view. The kitchen has stainless steel appliances and nickel hardware. The floor plan on the main level is very conducive to entertaining. The great room has a beautiful fireplace for sitting and enjoying a relaxing conversation with friends. There is ample storage on the main level. The laundry room is conveniently located on this level, as well as, an entrance to the double car garage. A full bath and bedroom are also located on this level.

Executive Summary

From the kitchen, you can enter the two level designed deck that wraps around the house. This is perfect for relaxing, feeling the cool breeze of the lake and watching boaters. The lower level of the deck leads to a concrete patio which has a slate built cooking area housing the grill and small refrigerator. Going to the upper level of this home, you enter an open area that is perfect for an office or curling up with a great book and overlooks the great room and kitchen below. Again, the north view of the lake can easily be seen from here. The master bedroom and bath is located on this floor, as well as, a screened in viewing area of the east side of the lake. The lower level of this house has a great deal to offer. The beautifully designed and workable bar area sits behind the great room, which has a fire-place located in it, as well. You can use the french doors that lead out to the patio from this level. From here you can go down to the boat dock for a relaxing cruise on Lake Catatoga. Enjoy neighbors and just an all around serene atmosphere. The lower level is complete with a full kitchen featuring stainless steel appliances, utility area, full bath and bedroom. This property is perfect for a family residence, weekend get-a-way or a retreat lodge for any company.

Executive Summary

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. Visit our virtual tour and one of our open houses scheduled for: Sunday, September 13, 2009 from 1-3 pm Tuesday, September 22, 2009 from 4-6 pm. Remember, bidding begins Thursday, September 24, 2009 @ 8:00 am and ends Thursday, October 1 @ 3:00 pm. Successful bidder(s) will be required to enter into a written contract to purchase and deposit $10,000.00 (ten 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. Remember to check the terms of the auction.

Legal Description for Property

10900 Clearwater Lane

LAKE CATATOGA

Area 2 Lot 17 Taxes: Due diligence regarding the taxes will need to be done by the potential buyer.

Terms & Conditions

TERMS OF SALE: Successful bidder(s) will be required to enter into a written contract to purchase and deposit $10,000.00 (ten 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 diligence on this property. You must rely on your own inspection and judgment when bidding 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 $10,000.00 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