SUBSTITUTE TRUSTEES SALE
OF VALUABLE RESIDENTIAL REAL ESTATE
commonly known as 1006 Washington Street, Cambridge, Dorchester County, Maryland
Under and by virtue of the power and authority contained in an Indemnity Deed of Trust from Maces Lane, LLC, Thomas W. Sperl and Bateau, LLC, dated January 28, 2010 and recorded at Liber 964, folio 023 in the Dorchester County Land Records, default having occurred under the terms thereof, the holder of the indebtedness secured by the Indemnity Deed of Trust having appointed Alexis E. Kramer and William C. Chapman as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of Dorchester County, the undersigned Substitute Trustees, will sell at public auction, at the Dorchester County Circuit Courthouse door, 206 High Street, Cambridge, Maryland:
December 3, 2021 at 10:00 a.m.
ALL that lot of ground situate, lying and being in the City of Cambridge, in the Seventh Election District of Dorchester County, Maryland, designated “AFTER REVISION 43,919 SQ. FT. 1.008 ACRES, MORE OR LESS” on a plat entitled “LOT LINE REVISION BETWEEN S & S INVESTMENT PROPERTIES, LLC & ALICE L. BARNES, in the City of Cambridge” dated February 21, 2005, and recorded April 29, 2005 among the Plat Records of Dorchester County, Maryland, in Plat File 51/55.
TERMS OF SALE: A cash deposit or certified funds of $7,500.00 shall be paid at the time and place of sale, balance in cash at settlement, which shall be 20 days after final ratification of the sale by the Circuit Court for Dorchester County, unless said period is extended by the Substitute Trustees for good cause shown; time being of the essence; interest at the rate of 5.5% per annum shall be paid on the unpaid purchase price from date of sale to date of settlement. Purchaser shall be responsible for obtaining physical possession of the property. Purchaser assumes the risk of loss or damage to the property from the date of sale forward. If the Substitute Trustees are unable to convey good and merchantable title, purchasers sole remedy shall be limited to a refund of the deposit and cancellation of the sale. In the event the purchaser fails to go to settlement as required, the property will be resold at purchasers risk and expense. Purchaser consents to the personal jurisdiction of the Maryland Courts. The property is sold in an "AS IS" condition and subject to covenants, conditions, declarations, restrictions, by-laws and plats, and utility agreements of record, if any, affecting the property.
Taxes shall be prorated as of the date of sale and assumed thereafter by the purchaser. All other outstanding public charges or public assessments, including but not limited to water, rent, front foot benefit, condominium fees, sewer, sanitary and/or County or Town charges, as well as any tax sale amounts, costs and/or attorneys fees, shall be paid by purchaser whether incurred prior to or after the sale. All quantities of land are "more or less," without survey or warranty. Information contained herein is believed accurate but is without warranty. Costs of all recording fees, transfer taxes, document preparation and title examination and insurance shall be borne by purchaser, i.e., contrary to those provisions of the Maryland law which would, in the absence of this stipulation, require that recording and transfer taxes be divided equally between the seller and the buyer. Purchaser agrees to pay a reasonable fee for any other services rendered by sellers attorney at the request of purchaser or due to purchasers failure to comply with the terms of the sale.
The Substitute Trustees reserve the right (i) to waive or modify the deposit requirement; (ii) to approve the creditworthiness of any bidder or final purchaser; (iii) to withdraw all or part of the property from sale at any time prior to the termination of bidding; (iv) to keep the bidding open any length of time; (v) to reject any or all bids; and (vi) to postpone the sale, all as the Substitute Trustees may determine in their sole discretion.
Alexis E. Kramer
William C. Chapman
A. Curtis Andrew, Auctioneer
A. Curtis Andrew Auction, Inc.
please advertise on: November 17, 24 and December 1, 2021