LEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY

PRIOR TO BIDDING ON
ANY PROPERTY

IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS

DO NOT
BID

BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITIONS SET
FORTH AND ENTERS INTO A CONTRACTUAL AGREEMENT TO PURCHASE THE PROPERTY UNDER THE
FOLLOWING TERMS AND CONDITIONS:

UPON CONCLUSION OF THE AUCTION: The
Winning Bidder will be emailed a Real Estate Contract to print and required to fully
and correctly complete and properly sign without any modifications and return the
completed, signed contract to Aumann Auctions, Inc. by email, fax, certified mail or
delivered in person by 4:00 PM of the day following the auction. Along with the
completed, signed contract, the Winning Bidder will be required to send the specified
non-refundable earnest money deposit as stated in the property description. This
non-refundable earnest money deposit will be held in escrow until closing and that
amount will then be credited to the Buyer as part of the purchase price of the
property. Wire transfer instructions and escrow agreement forms will be provided to
the Buyer along with the contract after the auction. Purchaser shall be responsible
for all wire transfer fees.

Successful bidder not executing and
returning the completed contract and earnest money deposit by 4:00 PM the day after
the auction will be considered in default. Such default by the Successful Bidder will
result in that BidderÂ’s liability to both the Seller and Aumann Auctions, Inc. Seller
shall have the right to (a) declare this contractual agreement cancelled and recover
full damage for its breach, (b) to elect to affirm this contractual agreement and
enforce its specific performance or (c) Seller can resell the property either
publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer
shall be liable for payment of any deficiency realized from the second sale plus all
costs, including, but not limited to the holding costs of the property, the expenses
of both sales, legal and incidental damages of both the Seller and Aumann Auctions,
Inc. In addition, Aumann Auctions, Inc. also reserves the right to recover any
damages separately from the breach of the Buyer.

Both the Successful
Bidder and Seller shall indemnify Aumann Auctions, Inc. for and hold harmless Aumann
Auctions, Inc. from any costs, losses, liabilities, or expenses, including attorney
fees resulting from Aumann Auctions, Inc. being named as a party to any legal action
resulting from either Bidders or Sellers failure to fulfill any obligations and
undertakings as set forth in this contractual agreement.

REAL ESTATE
TERMS:

Â• BUYERÂ’S PREMIUM: A 6% BuyerÂ’s Premium will be added to the winning
bid to determine the total purchase price of the property.

Â• DATE OF CLOSING:
The closing will take place within 30 days from the date of the auction and as
specified in the Contract for Sale of Real Estate. All taxes will be prorated to the
day of closing.

Â• NO CONTINGENCIES: This Real Estate contract is not
contingent on or subject to Buyers financing, appraisal, survey or inspections of any
kind or any other contingencies as agreed to by bidders at registration prior to
bidding.

Â• TITLE: Buyer is entitled to and the Seller will provide clear,
insurable title for property upon full payment.

Â• ZONING AND EASEMENTS:
Property is being sold subject to any and all easements of record. Property is
subject to all state and local zoning ordinances.

Â• AERIAL PHOTOS, Images and
Drawings: are for illustration purposes only and not surveyed boundary lines unless
specified.

Â• AGENCY: Aumann Auctions, Inc. is the Agent and Representative of
the Seller.

Â• CONDITION OF PROPERTY: Property is sold 'AS IS, WHERE IS'
condition. Aumann Auctions, Inc, the Sellers nor their representatives, agents, or
employees make express or implied warranties or representations of any kind. Each
potential bidder is responsible for

conducting his or her own independent
inspections, investigations, inquiries, and due diligence concerning the property
prior to bidding on the subject property. All information presented in the brochure,
website, and all other mediums is subject to verification by all parties relying on
it. All sketches and dimensions are approximate. No liability for its accuracy,
errors, or omissions is assumed by the Seller, Aumann Auctions, Inc. or their Agents
or Representatives. Buyer and or

Bidder agrees to hold harmless and indemnify
Aumann Auctions, Inc. and their Agents and its Representatives from any and all
claims, damages or suits including but not limited to awards, judgments, costs, fees,
etc.

Â• DISCLAIMER: All information included herein was derived from sources
believed to be correct, but is not guaranteed. NEW DATA, CORRECTIONS, and CHANGES:
Please check for updated information prior to scheduled auction time to inspect any
changes, corrections, or additions to the property information.

Â• DISPUTES:
Any dispute between Aumann Auctions, Inc or the Sellers or their Agents or
Representatives and the Buyer(s) will be (a) arbitrated in Montgomery County, IL or
(b) tried in a court of jurisdiction in Montgomery County, Illinois at the discretion
of both the Seller and Aumann Auctions, Inc.

BIDDING AND
REGISTRATION INFORMATION

BIDDER VERIFICATION: Bidding rights are
provisional, and if identity verification is questionable, Aumann Auctions, Inc. has
the right to reject the registration, and bidding activity will be terminated. The
Seller and Aumann Auctions, Inc. reserve the right to preclude any person
from

bidding if there is any question as to the person's credentials, mental
fitness, etc. Bidders agree to keep their username and password confidential as they
are responsible for ANY and ALL activity involving their account. If the registered
bidder's user name is offensive to Aumann Auctions, Inc. or in their sole opinion
detrimental to Bidding Activity, then Aumann Auctions, Inc. reserves the right to
delete the bidder from bidding or unilaterally change the username with notification
to the Bidder. When using the web site you must obey any and all local state and
federal laws. Violations will result in termination of web site use
privileges.

YOUR BID ON THIS AUCTION INDICATES BOTH AN UNDERSTANDING
AND AN ACCEPTANCE OF THE TERMS OF THIS CONTRACTUAL AGREEMENT BETWEEN YOURSELF AND
BOTH THE SELLER AND AUMANN AUCTIONS, INC. AND THAT YOU, AS THE BIDDER, ARE PREPARED
TO PURCHASE THE PROPERTY UNDER THE TERMS AND CONDITIONS OF THIS
AUCTION.

PERSONAL PROPERTY TERMS:

1. CATALOG: Aumann Auctions
has put forth every effort in preparing the catalog for this auction to provide
accurate descriptions of all items. All lots are sold AS-IS, WHERE-IS, with all
faults, imperfections and errors of description. Due diligence is the responsibility
of the bidder/buyer. Printed statements or descriptions by staff are provided in good
faith and are matters of opinion.

2. PAYMENTS: There is a 10% Buyers Premium
added to your total purchase. All sales are final. No credit card charge backs will
be allowed. No cash discounts are applicable. All accounts must be settled at the
conclusion of the auction. We accept Cash, Checks, Certified Funds, Visa & MasterCard
ONLY. If paying by credit card, you will be charged for your purchases, plus buyer's
premiums, plus a 5% Credit Card Fee and any applicable taxes. NOTHING will be charged
to your card until a purchase is made. Only Pickup bidders may pay by check or cash.
Note: Checks may be processed the day of the auction; be sure to have adequate funds
in your account. Each transaction necessary to collect insufficient funds will have a
$25 fee imposed plus the liability of Default of Buyer below.

3. DEFAULT OF
BUYER: Successful bidder not paying for items within 3 days of the date of the
auction will be considered in default. Such default by the Successful Bidder will
result in that Bidders liability to both the Seller and Aumann Auctions, Inc. Seller
shall have the right to (a) declare this contractual agreement cancelled and recover
full damage for its breach, (b) to elect to affirm this contractual agreement and
enforce its specific performance or (c) Seller can resell the items either publicly
or privately with Aumann Auctions, Inc. and in such an event, the Buyer shall be
liable for payment of any deficiency realized from the second sale plus all costs,
including, but not limited to the holding/transporting/storage costs of the items,
the expenses of both sales, legal and incidental damages of both the Seller and
Aumann Auctions, Inc.

4. The buyer is responsible for arranging their own
shipping arrangements through a third party provider. Aumann Auctions, Inc. does not
provide a shipping service to buyers. Items purchased must be picked up by the
shipper or the buyer the day of the scheduled and posted pickup date and time.

In addition, Aumann Auctions, Inc. also reserves the right to recover any
damages separately from the breach of the Buyer. The purchaser agrees to pay all
reasonable attorney fees and costs incurred by Aumann Auctions, Inc. in the
collection of funds. The purchaser also agrees that a storage/handling fee of 2% per
month be added to the balance of any unpaid balance due Aumann Auctions, Inc. and any
other costs or losses incurred by the Buyers failure to adhere to these terms. Any
debt collection or dispute proceedings will be litigated or arbitrated in Montgomery
County, Illinois at the option of both the Seller and Aumann Auctions,
Inc.

Both the Successful Bidder and Seller shall indemnify Aumann Auction,
Inc. for and hold harmless Aumann Auctions, Inc. from any costs, losses, liabilities,
or expenses, including attorney fees resulting from Aumann Auctions, Inc. being named
as a party to any legal action resulting from either Bidders or Sellers failure to
fulfill any obligations and undertakings as set forth in this contractual agreement.

MAXIMUM BID: When you bid your maximum bid, the current bid price
does not automatically advance to your maximum bid. Another bidder has to bid to
increase the current price and the computer will automatically bid up to your maximum
in the increments specified.

AUCTION END TIMES: Aumann Auctions, Inc. online
only auctions are timed events and all bidding will close at specified time. However,
our auctions also have what is called an 'Auto Extend' feature. Any bid placed within
the final 5 minutes of an auction results in the auction automatically extending 5
additional minutes. The bidding will extend in 5 minute increments from the time the
last bid is placed until there are no more bids, and the lot sits idle for 5 minutes.
Therefore, the auction will not close until all bidding parties are satisfied and no
one can be outbid at the last seconds without having another opportunity to bid
again.

TECHNICAL ISSUES: In the event there are technical difficulties
related to the server, software, internet or any other online auction-related
technologies, Aumann Auctions, Inc. reserve the right to extend bidding, continue the
bidding, or close the bidding. Neither the company providing the software, nor Aumann
Auctions, Inc. shall be held responsible for a missed bid or the failure of the
software to function properly for any reason.

CONDUCT OF THE AUCTION: Conduct
of the auction and increments of bidding are at the direction and discretion of
Aumann Auctions, Inc. Aumann Auctions, Inc. reserves the right to reject any and all
bids for any reason and also reserves the right to cancel this auction, or remove any
item or lot from this auction prior to the close of bidding. All decisions of Aumann
Auctions are final.

Waters Family Live Auction Personal Propert