UNRESERVED ESTATE AUCTION
ESTATE OF CHARLES WILLIAM PHILLIPS, JR.
20+/- ACRE FARM & EQUIPMENT
10542 WOODLAWN ROAD, BERLIN, MD 21811
PARTIAL LISTING FOR 10:00 AM:
1995 FORD ESCORT 39,982 MI AUTO TRANS, 1994 CHEVY 2500 81,000 MI, MASSEY FERGUSON 65 3,861 HRS, MASSEY FERGUSON 2315 846 HRS, DEERBORN 2 BOTTOM PLOW 3 PT HITCH, CUB CADET RIDING MOWER 2166, BUSHHOG MOD RDTH72, WOODS MD160 MOWER, CUB CADET XT1 81 HRS, 4X8 SINGLE AXLE TRAILER, 6 ROW CULTIVATOR 3 PT HITCH, MURRAY PUSH MOWER, CRAFTSMAN FRONT TINE ROTO TILLER, TASK FORCE REAR TINE ROTO TILLER, 6’ DISC, 6’ SCRAPE BLADE, CARSON 5X8 SINGLE AXLE TRAILER, 1963 CADILLAC 2 DOOR COUPE DEVILLE 125,000 MI ROUGH COND, HOG KILLING POTS, HORSE DRAWN PLOWS & CULTIVATORS, IRON POTS, CERAMIC BIDDY WATERERS W/ BLUE ROOSTER, VINTAGE HUB CAPS, WOODEN PEPSI COLA BOXES, ANTIQ CARPENTER BOXES, PRIMITIVE TABLES, ANTIQ WOODEN BARRELS, YAHAMA GOLF CART, BENCH VISES, PIPE CUTTERS, STRAWBERRY CRATES, ANTIQ TOYS, 1950’ BARBER CHAIR, BERLIN MILLING THERMOMETER PHONE #36, OLD CIGAR BOXES, HUSKY & CRAFTSMAN TOOLS, SALAMANDER HEATER, WINCHESTER 22 SHORT BLANK CRATE, WHITMANS MARSHMALLOW WHIP WOODEN CRATE & MORE
REAL ESTATE TERMS. 5% Buyer’s Premium $15,000 down day of auction in cash, Certified Check or Cashier’s Check. The remaining balance to be paid within 45 days. Time is of the essence. Credit portion to bear interest at the rate of 0% per annum from the date of sale to date of settlement, and to be secured to the satisfaction of the undersigned, or to pay the full purchase price at the time of sale, at the option of the purchaser. If not settled within 45 days interest shall be charged at the rate of 15% per annum from the date of sale to the date of settlement. In the event settlement does not occur before 75 days, 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. State, County and municipal taxes and assessments to be adjusted as of the date of the sale. All Title papers, documentary stamps, recording costs and any and all other costs which shall be deemed necessary to transfer the title of the property and put the deed on record shall be at the expense of the purchaser. The purchaser assumes the payment of the Agricultural transfer tax, if any. In the event a survey or an Alta 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 or such title as can be insured by a title insurance company licensed in the State of Maryland. In the event the title insurance company charges a special premium, that cost shall be borne by the seller. In the event a good & marketable title or special insured title cannot be delivered the seller(s) shall have 90 days from the date of notification from the buyer to correct the flaw. If the flaw is not corrected the only recourse of the purchaser shall be the return of the down payment and the seller and the auctioneer shall be held harmless. Any and all other cost of settlement and transfer of the title shall be paid by the buyer. This property is being sold in “AS IS” condition. Neither the sellers nor the Auctioneer shall accept any responsibility for any Municipal, State or Federal Environmental Violations, to our knowledge none exist at this time. The Seller makes no warranty of any kind whatsoever regarding the physical condition, physical description or suitability for a particular or general purpose, either expressed or implied. The Seller may reject any and all bids, however, it is the intent of the Seller to sell said property. The auctioneer reserves the right to deny a specific individual or group the right to bid. All information in this ad has been obtained from sources deemed to be reliable. However, neither the sellers nor the auctioneer accept any responsibility for any inaccuracies. The Buyer will be required to sign a contract of sale. The amount of the contract shall be the bid price plus the buyer’s premium. This amount will become the purchase price. The buyer shall also be required to sign a confessed judgment note for the amount of the purchase price less the down payment. The contract and note shall be signed personally by the Buyer, unless the Seller and Auctioneer agree to a different arrangement prior to the sale. The Buyer may sign the contract note personally as well as Corporately, LLC or Partners. Each entity shall be responsible for the full amount of the debt. Purchasers may reassign the contract, however, reassignment does not release them from liability. This property was built before 1976 and may contain lead paint. Purchaser may conduct a lead paint test at their expense prior to the sale.
PROPERTY OPEN FOR INSPECTION:
THURSDAY, MAY 2 FROM 2:00 PM TO 4:00 PM &
FRIDAY, MAY 10 FROM 12:00 NOON TO 2:00 PM
SATURDAY, MAY 11, 2019
Vehicles, Farm Equipment, Tools-10:00 am
Real Estate-1:00 pm
Nice 20+/- Acre Farm located in Berlin, Maryland to be auctioned with NO RESERVE. This farm features a two story farm house built in 1930 containing approximately 1,446 sq ft with 3 bedrooms, 1 bath, dining room, living room and enclosed back porch. Located on a quiet cul-de-sac, the property has a small barn with stables, a work shop and other storage buildings. Plenty of wooded area ideal for hunting or recreational purposes. Only minutes from Ocean City and Assateague Beaches, this property is located in the Worcester County Blue Ribbon School district. Two Parcels to be sold as one item.
Worcester County Tax Map 20, Parcels 126 & 375.
TERMS: 10% BUYERS PREMIUM ON TOOLS, EQUIPMENT, FARM IMPLEMENTS, TRACTORS, VEHICLES AND SMALLS. WE ACCEPT VISA, MASTERCARD, CASH AND APPROVED CHECK. 5% ADMIN FEE WILL BE CHARGED FOR CREDIT CARD USE. ALL ITEMS MUST BE REMOVED FROM AUCTION LOCATION NO LATER THAN FRIDAY, MAY 17, 2019. ANY ITEMS NOT REMOVED FROM AUCTION LOCATION PRIOR TO MAY 17, 2019, WILL BECOME PROPERTY OF AUCTION COMPANY.
410 546 2425