301 S Monroe St Baltimore, MD
Samuel I. White, P.C.
611 ROCKVILLE PIKE
ROCKVILLE, MARYLAND 20852
Substitute Trustees' Sale
Of Valuable Leasehold
Property Known As
301 S. Monroe Street, Baltimore, MD 21223
Under and by virtue of the power of sale contained in a certain Deed of Trust to PRLAP, INC. , Trustee(s), dated October 15, 2007, and recorded among the Land Records of BALTIMORE CITY, MARYLAND in Liber 10313, folio 261, the holder of the indebtedness secured by this Deed of Trust having appointed the undersigned Substitute Trustees, by instrument duly recorded among the aforesaid Land Records, default having occurred under the terms thereof, and at the request of the party secured thereby, the undersigned Substitute Trustee will offer for sale at public auction at THE BALTIMORE CITY COURTHOUSE LOCATED AT 100 N CALVERT ST, (COURTHOUSE WEST), BALTIMORE, MD 21202 ON,
July 5, 2017 at 10:15 a.m.
ALL THAT LEASEHOLD LOT OF GROUND and improvements thereon situated in BALTIMORE CITY, MD and described as follows:
ALL THAT PROPERTY CONVEYED BY DEED OF TRUST RECORDED JANUARY 7, 2008 IN LIBER 10313, FOLIO 261.
THE PROPERTY IS SUBJECT TO AN ANNUAL GROUND RENT OF $56.00 PAYABLE ON THE 15th DAYS OF May AND November OF EACH AND EVERY YEAR.
The property will be sold in an "AS IS WHERE IS" condition without either express or implied warranty or representation, including but not limited to the description, fitness for a particular purpose or use, structural integrity, physical condition, construction, extent of construction, workmanship, materials, liability, zoning, subdivision, environmental condition, merchantability, compliance with building or housing codes or other laws, ordinances or regulations, or other similar matters, and subject to easements, agreements and restrictions of record which affect the same, if any. The property will be sold subject to all conditions, liens, restrictions and agreements of record affecting same including any condominium and of HOA assessments pursuant to Md Real Property Article 11-110.
TERMS OF SALE: A deposit of $20,000.00 PAYABLE ONLY BY certified funds, shall be required at the time of sale. CASH WILL NOT BE AN ACCEPTABLE FORM OF DEPOSIT. The balance of the purchase price with interest at 3.99% per annum from the date of sale to the date of payment will be paid within TEN DAYS after the final ratification of the sale. Adjustments on all taxes, public charges and special or regular assessments will be made as of the date of sale and thereafter assumed by purchaser. If applicable, condominium and/or homeowner association dues and assessments that may become due after the time of sale will be the responsibility of the purchaser. Title examination, conveyancing, state revenue stamps, transfer taxes, title insurance, and all other costs incident to settlement are to be paid by the purchaser. Time is of the essence for the purchaser, otherwise the deposit will be forfeited and the property may be resold at risk and costs of the defaulting purchaser. The purchaser agrees to accept service by first class mail and certified mail addressed to the address provided by said Purchaser as identified on the Memorandum of Sale for any Motion or Show Cause Order incident to this sale including a Motion to Default Purchaser and for Resale of the Property. If the sale is not ratified or if the Substitute Trustees are unable to convey marketable title in accord with these terms of sale, the purchaser's only remedy is return of the deposit.
Trustee's File No. (44663)
JOHN E. DRISCOLL III, et al,