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Paul J. Cohen, Solicitor
CIPRIANI & WERNER PC
Executive Plaza III, Suite 302
11350 McCormick Road
Hunt Valley, MD 21031
MORTGAGE ASSIGNEE’S AUCTION
Sale On Premises
108 CHURCH STREET
Anne Arundel County, MD 21225
WEDNESDAY, JULY 19, 2017
AT 11:00 A.M.
Under and by virtue of the power of sale contained in a certain Purchase Money Mortgage (the “Mortgage”) from Thomas P. McKee, dated July 22, 2002, and recorded among the Land Records of Anne Arundel County, Maryland, in Book 11890, page 231, said Mortgage having been assigned to the undersigned for foreclosure purposes, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Mortgage Assignee will sell at Public Auction, on the premises, the following:
All those fee simple lots of ground and the improvements thereon, situate and lying in Anne Arundel County, State of Maryland and being more fully described as follows:
BEING KNOWN AND DESIGNATED as Lot numbered twenty-four (24) and the westernmost one-half of Lot number twenty-five (25) of Block 7, as shown on Plat “A” of Roland Terrace, recorded among the Land Records of Anne Arundel County in Plat Book G.W. No. 9, Section 3, folio 215 (new Plat Book 15, folio 42). The improvements therein being known as 108 Church Street, Brooklyn, MD 21225.
The property is improved by a two-story brick semi-detached townhome, built in 1950, containing 1,216 square feet of living area and 608 square feet of basement space, according to public tax records. The home is believed to contain a living room, dining room, kitchen, 3 bedrooms, bath and basement. Lot size 37.5′ x 140′.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
TERMS OF SALE: A $3,000 deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s Office. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Anne Arundel County at a location designated by the Mortgage Assignee. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate stated in the Note executed in connection with the foreclosed Mortgage, from date of contract to date of settlement. If settlement is delayed for any reason, there will be no abatement of interest. All adjustments as of date of contract. Taxes and all other public charges and assessments payable on a monthly or annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS” condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of contract forward. The purchaser waives and releases the Mortgage Assignee, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Mortgage Assignee is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Mortgage Assignee, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.
Authority to cancel this sale rests solely with the Mortgage Assignee and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Mortgage Assignee reserves: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders’ deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.
No Buyers Premium
Paul J. Cohen, Mortgage Assignee