Sedica Sawez, Solicitor
Rosenberg Martin Funk Greenberg, LLP
25 S. Charles Street
Baltimore, MD 21201

ASSIGNEE'S AUCTION

BELAIR-EDISON

BRICK TOWNHOME



Sale On Premises
3713 BONVIEW AVENUE
Off 4000 Erdman Avenue
Baltimore, MD 21213

WEDNESDAY, MARCH 16, 2005
AT 11:00 A.M.


LOCATION MAP

       Under and by virtue of the Power of Sale contained in the Purchase Money Mortgage from Harold Kendricks, dated July 19, 2001 and recorded among the Land Records of Baltimore City in Liber 1656, page 382, default having occurred thereunder, the holder of the indebtedness secured thereby having assigned said mortgage to Barry C. Greenberg for the purpose of foreclosure and collection, the Assignee will sell at public auction, on the premises, the following:

       All that leasehold lot of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland, and being more fully described in the above-captioned Purchase Money Mortgage; lot size 19' x 99.5', more or less; subject to an annual $96 ground rent.

       The property is improved by a two story inside-group open porchfront brick townhome, containing a living room, dining room and kitchen, on the first floor; 3 bedrooms and bath, on the second; full basement with family room and half-bath; replacement windows; gas forced hot air heat; and central air conditioning.

       TERMS OF SALE: A $5,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's Office. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore City at the offices of the Assignee. If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser. Interest to be charged on the unpaid purchase money, at the rate stated in the foreclosed Purchase Money Mortgage, from date of sale to date of settlement. All adjustments as of date of sale. Taxes, ground rent and all other public charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Assignee, the holder of the indebtedness, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Assignee is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Assignee, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

Barry C. Greenberg, Assignee