1205 N Gay St # 1207 Baltimore, MD
Parker, Simon & Kokolis, LLC
110 N. Washington St., Suite 500
Rockville, MD 20850
Substitute Trustees' Sale
Of Improved Real Property
1205-1207 N. Gay St.,
Baltimore, MD 21213
Under a power of sale contained in a certain Purchase Money Deed of Trust from Twelve O Five, LLC dated June 1, 2018 and recorded in Liber 20322, folio 234 among the Land Records of Baltimore City, MD, default having occurred under the terms thereof, the Sub. Trustees will sell at public auction at the Circuit Court for Baltimore City, at the Clarence M. Mitchell Court House, 100 North Calvert Street, Court House Door, Calvert Street entrance, Baltimore, MD 21202, on
June 28, 2019 at 9:45 a.m.
ALL THAT LEASEHOLD LOT OF GROUND, together with the buildings and improvements thereon situated in Baltimore City, MD and more fully described in the aforesaid Purchase Money Deed of Trust. The property will be sold subject to an annual ground rent of $35.00.
The property, which is improved by a DWELLING, will be sold in an "as is" condition and subject to conditions, restrictions and agreements of record affecting the same, if any, and with no warranty of any kind.
Terms of Sale: A deposit of $12,000 in the form of cash, certified check, or in any other form suitable to the Substitute Trustees in their sole discretion, shall be required at the time of sale, except no deposit shall be required of the secured party, its successors or assigns. Balance of the purchase price to be paid in cash within ten days of final ratification of sale by the Circuit Court for Baltimore City. If the purchaser fails to go to settlement, the deposit shall be forfeited and the property may be resold at the purchaser's risk and expense. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property. Interest to be paid on the unpaid purchase money at the rate pursuant to the Purchase Money Deed of Trust Note from the date of sale to the date funds are received in the office of the Sub. Trustees. In the event settlement is delayed for any reason, there shall be no abatement of interest. Taxes, ground rent, water rent, condominium fees and/or homeowner association dues, all public charges/assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if applicable, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps, transfer taxes and settlement expenses shall be borne by the purchaser. 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 Sub. Trustees are unable to convey good and marketable title, the purchaser's sole remedy in law and equity shall be limited to a refund of the deposit. In the event the sale is not ratified for any reason, the purchaser's sole remedy, at law or equity, is the return of the deposit. Additional terms, if any, to be announced at sale.
CRAIG A. PARKER, THOMAS J. KOKOLIS,