JENNINGS LAW FIRM, LLC
109 South Second Street
Denton, Maryland 21629
(410)-479-2800
SUBSTITUTE TRUSTEE’S SALE
OF
VALUABLE IMPROVED RESIDENTIAL PROPERTY
12334 LEWISTOWN ROAD, CORDOVA MARYLAND 21625
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Under and by virtue of a Deed of Trust dated the 18th day of April, 2008 and recorded in Liber No. 2164, folio 370, among the Land Records of Talbot County, Maryland, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustee will sell at public auction, at the Circuit Court House Steps, 11 North Washington Street, Easton Maryland 21601, on:
FRIDAY NOVEMBER 14 AT 10:00 A.M.
ALL that lot or parcel of land situate, lying, and being in the Fourth Election District of Talbot County, Maryland, and being shown as lot No. 2 on a mp entitled, "PLAT OF A DIVISION OF THE LAND OF LOUISE C. TAPPER IN THE 4TH ELECT. DIST. TALBOT CO., MARYLAND", and described as follows:
BEGINNING for the same at an Iron Rod on the westerly side of the public road leading from Maryland Highway No. 309 to Hillsboro, known as Maryland Highway No. 303, said Rod being at the northeasterly corner of the herein described land and bearing South 07 degrees 47 minutes 28 seconds West 201.50 feet from the southeasterly corner of Lot No. 11 of Mill Run Subdivision, and from said Place of Beginning running by and with the westerly side of the said Maryland Highway No. 303 the following two courses and distances: (1) by and with the arc of a curve, deflecting to the left, the chord of which bears South 05 degrees 04 minutes West 223.00 feet; thence (2) South 04 degrees 30 minutes 27 seconds West 73.07 feet to an Iron Rod; thence (3) by and with other land of Louise C. Tapper, North 68 degrees 43 minutes 21 seconds West 402.00 feet to Iron Rod and the land of Raymond J. Tapper, Jr. (Liber 433, folio 537) thence by and with the said Raymond J. Tapper, Jr. land the following three courses and distances: (4) North 02 degrees 30 minutes West 130.00 feet to a Concrete Monument; thence (5) North 54 degrees 56 minutes West 208.18 feet to a Concrete Monument, thence (6) North 11 degrees 47 minutes East 8.84 feet to an Iron Road; thence (7) by and with a new division line between the herein described land and the reserved land of Louise C. Tapper, South 79 degrees 15 minutes East 584.55 feet, to the place of beginning, containing 2.568 acres of land, more or less.
BEING the same land conveyed unto Arthur Phillip Kitts and Mary Frances Kitts from Raymond J. Tapper, III and Eyvonne Elizabeth Tapper, his wife, by Deed dated March 28, 2008 and recorded among the Land Records for Talbot County in liber 1614, folio 417.
The property will be sold in "AS IS" condition, subject to any existing building violations, environmental hazards, etc. and also subject to conditions, restrictions and agreements of record affecting same, if any, including covenants, easements, private road construction agreements, deeds to State Roads Commissions and the like. Neither the Substituted Trustees nor their respective agents, successors or assigns make any representations or warranties, either expressed or implied with respect to the property including without limitations, description, use, recorded or unrecorded leases or other occupancy agreements, if any, operating and management agreements, physical conditions or to the environmental conditions of the subject property. The Substituted Trustees shall be required to convey insurable title.
The property will be sold subject to all senior liens and encumbrances, including but not limited to that certain deed of trust recorded on April 10, 2014 in the Land Records for Talbot County at liber 2170 folio 315 in favor of New Penn Financial, LLC.
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TERMS OF SALE: The required deposit, in cash or certified check is $10,000.00 at the time and place of sale, balance in cash, immediately within twenty (20) days after the final ratification of the sale by the Circuit Court for Talbot County, time being of the essence, and to bear interest at the rate of 8.000% per annum from the date of sale to date of settlement. In the event the above-named Holder of the indebtedness purchases the property at the sale as the high bidder, no deposit will be required and the requirement of interest on the balance of the purchase price shall be waived. In the event settlement is delayed for any reason, there shall be no abatement of interest. If the purchaser defaults, in addition to all other remedies including but not limited to attorney fees, the Substituted Trustees may declare the entire deposit forfeited and resell the property at the risk and expense of the defaulting purchaser. The defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of the sale, attorney fees and all other charges due and incidental and consequential damages. Taxes shall be prorated as of the date of sale. All other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps and transfer taxes shall be borne by the purchaser. Assessment of Agricultural Transfer Tax shall be the sole responsibility of purchaser. Purchaser shall have the responsibility of obtaining possession of the property. In the event the Substituted Trustees do not convey title for any reason, purchaser’s sole remedy is return of deposit. The Substituted Trustees shall have the right to terminate this contract in the event the holder has entered into any agreement with or accepted funds from or on the behalf of the mortgagor. Upon termination of the contract, Purchaser’s sole remedy shall be return of the deposit.
Sharon Jennings. Substituted Trustee
410-479-2800
AUCTIONEER: A. Curtis Andrew
October 29, November 5, 12
Live Auction: No Online Bidding
