Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
The Equitable Building - Suite 620
10 N. Calvert St. 21202

TRUSTEE'S SALE

FEDERAL HILL

OUTSTANDING LOCATION

3 STORY BRICK
COMMERCIAL PROPERTY




Sale On Premises
18 E. CROSS STREET
(Opposite Cross St. Market)
Baltimore, MD 21230

TUESDAY, FEBRUARY 22, 2005
AT 11:00 A.M.


LOCATION MAP

BLOCK PLAT

       Pursuant to an Order of the Circuit Court for Baltimore City passed in the matter of Arthur L. Drager, Personal Representative of the Estate of Joseph Lansa v. The Estate of Josephine Uher, et. al., Case No. 24-C-04-006711, the undersigned Trustee will sell at Public Auction the following:

       Improved by a 3 story brick commercial building located in a prime business block off the 1000 block of Light Street on the east and Charles Street on the west. The property is a shell that needs extensive and/or total renovation. The tax records indicate the property contains approximately 2,148 square feet. Lot size: 14'6" x 73', more or less. ZONED: B-2. Subject to an annual $57.67 ground rent.

       Note: Information pertaining to the improvements has been obtained from sources deemed reliable, but no warranty is made as to the accuracy of this information.

       TERMS OF SALE: A deposit by certified check or cashier's check of $10,000 will be required of the purchaser at time and place of sale. Deposit to be increased to 10% of the purchase price within 24 hours at the offices of the Auctioneer. 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 Trustee. 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 of 12% per annum 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. The purchaser waives and releases the Trustee, 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 future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Trustee 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 Trustee or Auctioneer. Cost of all documentary stamps and transfer taxes to be paid by the purchaser. Time shall be of the essence for the purchaser. Risk of loss on the purchaser from date of sale.

Arthur L. Drager, Trustee