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Edwin G. Carson, Esquire
Stark and Keenan, P.A.
30 Office Street
Bel Air, Maryland 21014
TRUSTEE’S SALE OF
DESIRABLE RESIDENTIAL BUILDING LOT
2.2845 Acres +/-
652 ST. MARYS ROAD
PYLESVILLE, MARYLAND 21132
Under the power of sale contained in that certain Mortgage (from Ryan Richard Wells) dated October 6, 2014 and recorded among the Land Records of Harford County at Liber J.J.R. No. 10968, folio 267, default having occurred under the terms thereof (Edwin G. Carson v. Ryan Richard Wells, Case No. 12-C-17-2100FC, Circuit Court for Harford County), the Trustee shall offer for sale at public auction a 2.2845 acres more or less residential building lot being known as Lot 3 in the Fifth Election District of Harford County on the northerly side of St. Mary’s Road as shown on the Plat entitled “Final Plat II Lands of Fender” Plat Book C.G.H. NO. 72, folio 97. Tax Account #05-053021.
The public auction shall be held at the Circuit Court for Harford County, at the Courthouse steps, 20 W. Courtland Street, Bel Air, MD 21014, on:
THURSDAY, SEPTEMBER 27, 2018 AT 2:00 P.M.
The lot will be sold in an “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements or land and subject to all matters and restrictions of record affecting the same. The purchaser at the foreclosure sale shall assume the risk of loss for above-referenced Property immediately after the sale takes place. It shall be the purchaser’s responsibility to obtain possession of the Property following ratification of the sale by the Circuit Court.
The property will be sold subject to all easements, conditions, liens, taxes, restrictions, rights of redemption, covenants, agreements and unexpired leases of record, and such state of facts as an accurate survey or physical inspection of the Property might disclose. The property is subject to a Declaration of Restrictions, Reservations, Conditions, and Limitations recorded at Liber C.G.H. No. 1998, folio 764 and a Declaration of Covenants and Restrictions for Common Drive Easement recorded at Liber C.G.H. No. 16972, folio 222.
TERMS OF SALE
A deposit of $10,000.00 or 10% of the final bid price accepted by the Trustee whichever is lower, but in no event less than $10,000.00, in cash, cashier’s check or certified check is required at the time of sale unless bought by the secured party. The balance of the purchase price, together with interest on the unpaid purchase money at the rate of 5.75% per annum, from the date of sale to the date the funds are received by the Trustee, payable in cash or by cashier’s or certified check or other check acceptable to the Trustee shall be due at closing which shall be within fifteen (15) days of final ratification of the sale by the Circuit Court. There will be no abatement of interest due from the purchaser if additional funds are tendered and accepted prior to closing, or if settlement is delayed for any reason. TIME IS OF THE ESSENCE FOR THE PURCHASER. Real estate taxes shall be adjusted between the parties as of the date of sale, and thereafter paid by the purchaser. All other public or private charges or assessments, whether or not accrued prior to the sale and all other costs and expenses at settlement shall be paid by the purchaser, whether or not a Maryland First Time Home Buyer, to include, but not limited to, recording taxes, state and county transfer taxes, and agricultural land transfer taxes.
If the purchaser fails to close within fifteen (15) days of the date of ratification of the sale by the Circuit Court, purchaser shall forfeit the deposit and all costs and expenses, including full commissions on the gross sales price in this sale shall be charged against and paid out of the forfeited deposit.
If, after default by the purchaser, the Trustee moves to resell the property, the resale shall be at the risk and expense of the defaulting purchaser and the defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from the resale. In the event of a resale by reason of purchaser’s default, defaulting purchaser waives personal service of such resale on behalf of the purchaser, agent, or assignee, and agrees to accept services of process relating to the resale by regular mail at the address provided to the Trustee. If the Trustee is unable for any reason to convey insurable title, purchaser’s sole remedy shall be the return of purchaser’s deposit without interest and the delivery of that returned deposit to purchaser shall terminate purchaser’s rights in the property.