SUBSTITUTE TRUSTEES= SALE

OF VALUABLE IMPROVED AGRICULTURAL (POULTRY) REAL ESTATE

commonly known as Whaleyville Road, Whaleyville, Maryland with a legal description of 20 acs, Sand Hole near W side R-610, (Map 0013, Parcel 0094) and 11529 Longridge Lane, Whaleyville, Maryland (Map 0013, Parcel 0095)

 

             Under and by virtue of the power and authority contained in a Purchase Money Deed of Trust from Asjid Parvez, dated March 11, 2014 and recorded at Liber 6335, folio 178 in the Worcester County Land Records, default having occurred under the terms thereof, the holder of the indebtedness secured by the Purchase Money Deed of Trust having appointed Alexis E. Kramer and Garrett M. Fitzgerald as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of Worcester, the undersigned Substitute Trustees, will sell at public auction, at the Worcester County Circuit Courthouse door, 1 W. Market Street, Snow Hill, Maryland on:

 

October 4 @ 11:00 am

ALL those lots, tract or parcels of land lying and being situate in the Third Election District of Worcester County, Maryland, on the easterly side of Old Ocean City Road, and being more particularly shown and designated as Map 13, Parcel 95 (27.76 acres +/-) and Map 13 Parcel 94 (20.00 acres +/-) on the Plat entitled ABoundary Survey Lands of Walter H. Layfield, Third Election District Worcester County, Maryland Tax Map 13, Parcels 94 & 95" made by Douglas P. Williams RPLS No. 21157, dated September 28, 2005, and recorded among the Land Records of Worcester County, Maryland, in Plat S.V.H. No. 204, folio 67.

 BEING the same property conveyed unto Asjid Parvez, by Deed dated March 11, 2014, and recorded among the Land Record Books of Worcester County, Maryland in Liber No. 6335, folio 171.

The Plat identified above and a metes and bounds description of said Real Estate can be obtained by contacting the below Substitute Trustees and will be available at the date of sale.

TERMS OF SALE: The two parcels shall be sold as one unit.  A cash deposit or certified funds of $25,000.00 shall be paid at the time and place of sale, balance in cash at settlement, which shall be 20 days after final ratification of the sale by the Circuit Court for Worcester County, unless said period is extended by the Substitute Trustees for good cause shown, time being of the essence; interest at the rate of 4.75% per annum shall be paid on the unpaid purchase price from date of sale to date of settlement. 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 Substitute Trustees are unable to convey good and merchantable title, purchaser=s sole remedy shall be limited to a refund of the deposit and cancellation of the sale.  In the event the purchaser fails to go to settlement as required, the property will be resold at purchaser=s risk and expense.  Purchaser consents to the personal jurisdiction of the Maryland Courts.  The property is sold in an "AS IS" condition and subject to covenants, conditions, easements, declarations, restrictions, by-laws and plats, and utility agreements of record, if any, affecting the property.


Taxes shall be prorated as of the date of sale and assumed thereafter by the purchaser.  All other outstanding public charges or public assessments, including but not limited to water, rent, front foot benefit, condominium fees, sewer, sanitary and/or City, County or Town charges, as well as any tax sale amounts, costs and/or attorney=s fees, shall be paid by purchaser whether incurred prior to or after the sale.  All quantities of land are "more or less," without survey or warranty.  Information contained herein is believed accurate but is without warranty.  Costs of any agricultural taxes and all recording fees, transfer taxes, document preparation and title examination and insurance shall be borne by purchaser, i.e., contrary to those provisions of the Maryland law which would, in the absence of this stipulation, require that recording and transfer taxes be divided equally between the seller and the buyer.  Purchaser agrees to pay a reasonable fee for any other services rendered by seller=s attorney at the request of purchaser or due to purchaser=s failure to comply with the terms of the sale.           

The Substitute Trustees reserve the right (i) to waive or modify the deposit requirement; (ii) to approve the creditworthiness of any bidder or final purchaser; (iii) to withdraw all or part of the property from sale at any time prior to the termination of bidding; (iv) to keep the bidding open any length of time; (v) to reject any or all bids; and (vi) to postpone the sale, all as the Substitute Trustees may determine in their sole discretion.

 

Alexis E. Kramer

Garrett M. Fitzgerald

Substitute Trustees

410-822-1988

 

J.L. Cropper, Auctioneer

Pete Richardson Auction Sales(410) 546-2425      

410 546 2425

35640 Woodyard Road, Willards, Maryland

Email:  ruth@prauctions.com