JOHN B. ROBINS, IV, ESQUIRE
128 East Main Street
Salisbury, Maryland 2l801
SUBSTITUTE TRUSTEE’S SALE
IMPROVED COMMERCIAL REAL ESTATE
known as OASIS CAR WASH FACILITY
[2145 Old Snow Hill Road, Pocomoke City, MD 21851]
Pursuant to power of sale contained in a Deed of Trust filed for foreclosure in Case No. 23-C-16-000492 in the Circuit Court for Worcester County, Maryland, and a Security Agreement from Island Developers Newtowne Square, LLC, for the benefit of The Farmers Bank of Willards, secured party, the undersigned Substitute Trustee will offer the following described property for sale to the highest bidder at public auction to be held on the premises at 2145 Old Snow Hill Road, Pocomoke City, MD 21851, on
FRIDAY, AUGUST 5, 2016, at the HOUR OF 10:00 A.M.
ALL that lot of land situate in the First Election District of Worcester County, Maryland, located on the Northerly side of and binding upon Route 756, and being designated as Lot No. 2 containing 57,056 square feet, more or less, on a plat entitled "Minor Subdivision for Phase 4 Newtowne Square Subdivision," prepared by George E. Young, III, P.C., Engineers and Surveyors, dated February 26, 2001, and recorded among the Land Records for Worcester County, Maryland in Plat Book S.V.H. No. 168, folio 43 and 44; BEING the same parcel of land conveyed to Island Developers Newtowne Square, LLC, by Deed from Robert D. Mason dated July 27, 2001, and recorded among the Land Records aforesaid in Liber S.V.H. No. 3095, folio 516; and reference to said deed is hereby made for a more particular description of the property. The property is identified as Parcel 0374 on Tax Map 0084 and by Tax Account Number 01-040049.
IMPROVEMENTS: The property is improved by a self-service car wash facility known as Oasis Car Wash, 2145 Old Snow Hill Road, Pocomoke City, MD 21851; and, includes the right, title, claim and interest of The Farmers Bank of Willards, secured party, in the equipment of Island Developers Newtowne Square, LLC, situate therein.
TERMS OF SALE: The property will be sold to the highest bidder at public auction. The purchaser will be required to tender on account of the purchase price at the time and place of sale cash, certified funds, or check acceptable to the undersigned, in the amount of Twenty-Five Thousand Dollars ($25,000.00). If the party secured by the Deed of Trust is the successful bidder, no deposit will be required, and the cash deposit or price shall be credited against the obligation. The deferred portion of the purchase price shall be evidenced by the Promissory Note of the Buyer, bearing no interest provided settlement is made and the full price tendered on or before fifteen days after the date of ratification of the sale by the Circuit Court for Worcester County, Maryland; otherwise the deferred portion of the purchase price shall bear interest from the date of sale at the rate of six percent (6%) per annum. Neither the Substitute Trustee nor the auctioneer make any representation or warranty concerning the property, the improvements thereon, or the equipment therein, the same being sold “as is”; and, if for any reason the Substitute Trustee is unable to deliver good and marketable title to the real estate, subject only to easements, rights of way and use restrictions of record, the sole and exclusive remedy of the Buyer shall be a refund of the deposit money. Neither the Substitute Trustee, auctioneer or note holder are aware of any violation of any federal, state or municipal environmental law or regulation; however, in the event any such violations exist, they are not responsible for same. All settlement costs, including, but not limited to, document preparation, recordation and transfer taxes, including agricultural transfer tax, if any, recording costs, and title examination, if any, shall be the obligation of the Buyer. State, County, and municipal property taxes and assessments, shall be adjusted as of the date of sale. Buyer shall be entitled to possession upon final settlement and payment of the purchase price in full, which shall occur not later than fifteen days after final ratification of the sale by the Circuit Court for Worcester County, Maryland, time being of the essence.
FOR FURTHER INFORMATION, please contact the undersigned Substitute Trustee or Auctioneer.
John B. Robins, IV
Substitute Trustee
410-749-3791
Pete Richardson Auction Sales, Inc.
410-546-2425