TERMS.10% Buyer’s Premium.  $5,000 down in cash or certified check at time and place of auction, no exceptions. Auctioneer may require proof the bidder is qualified by asking to see the deposit.   Balance due on or before 12:00 noon, June 29, 2017 in cash or certified check made payable to Pete Richardson Auction Sales and delivered to Pete Richardson Auction Sales Office located at 35640 Woodyard  Road, Willards, Md.  If full balance not paid in full by June 29, 2017, interest shall be charged at the rate of 15% per annum from the date of sale to the date of settlement plus a storage fee or $50.00 per day. 

 

In the event settlement does not occur within 10  days of the sale, the down payment shall be considered forfeited and the property will be resold at the expense and risk of the purchaser.  The resale of the property does not limit the seller to further avail themselves of any additional legal or equitable remedies resulting from the failure to consummate the purchase.  Time is of the essence.  The vessel shall remain at Ocean City Fishing Center until balance is paid in full. Purchaser of the vessel shall be responsible for the vessel beginning from the moment the vessel is declared sold by the auctioneer regardless of the outstanding or unpaid balance.   The buyer is urged to purchase insurance on the vessel immediately after the vessel is declared sold.   All title papers, documentary stamps, recording costs and any and all other costs which shall be deemed necessary to transfer the title of the vessel shall be at the expense of the purchaser.  In the event a survey is necessary for the buyer to go to settlement, the cost of this survey shall be at the buyer’s expense and the buyer will be held responsible to go to settlement within the terms and conditions of the sale.  The seller will convey good and marketable title.  This property is being sold in “AS IS, WHERE IS” condition.  The seller (s) may reject any and all bids, however, it is the intent of the seller (s)  to sell said property.    

 

The purchaser will assume all bills after Friday, June 30, 2017.                                                     

KNOWN AS “SKEETS”, A CUSTOM BUILT DAY BOAT BY MORGAN. 

32.6 LENGTH, 13.0 BERTH, 5.4 DEPTH.  THE BOAT HAS TWO

RECENTLY REMANUFACTURED CUMMINS ENGNES MDL 6BS. 

STARBOARD ENG MANUFACTURE  10/2/14
                                        SN #396765BLA
                                        14021113013N   P7100

 
PORT ENG MANUFACTURE 11/19/14
                             SN #3967658LA
                             M020813027N  P7100

 
DOCUMENTATION NUMBER 678141
IMO MGJ350070883 BUILT 1984

 
THE BOAT HAS APPROXIMATELY 8X11 SALON. 

HEAD IN BOW APPROX 23’ TUNA TOWER WITH CONTROLS. 

2 GARMIN GPS MAP 72123 ICOM VHF RADIO MODEL ICM45. 

FIGHTING CHAIR.  BOAT  DOES NOT HAVE GENERATOR,

INVERTER OR AIR CONDITIONING. 

BANKRUPTCY AUCTION

OCEAN CITY FISHING CENTER

12940 INLET ISLE LANE

OCEAN CITY, MD  21842

FRIDAY JUNE 23, 2017 @ 6:00 PM 

10% BUYER’S PREMIUM

32’ CUSTOM BUILT MORGAN TWIN REMAN CUMMINS

410 546 2425

35640 Woodyard Road, Willards, Maryland

Email:  pete@prauctions.com


INSPECTION:
BOAT WILL BE SURVEYED WHILE ON LAND. 
IN WATER INSPECTION:  SATURDAY JUNE 17 FROM 10 AM- NOON
ON LAND INSPECTION:  TUESDAY JUNE 20 FROM 4 PM- 6 PM
AUCTION DAY ON LAND INSPECTION:  FRIDAY JUNE 23 FROM 4:30 PM- 6:00 PM