Jay A. Dackman, Attorney
825 N. Charles Street
Baltimore, MD 21201

ABSOLUTE AUCTION
To The Highest Bidder!

FELLS POINT

Desirable, 2 Story
TOWNHOME
In Poor Condition



Sale On Premises
321 S. DURHAM STREET
Off 1811 Gough Street
BALTIMORE, MD 21231

THURSDAY, FEBRUARY 17, 2005
AT 12:00 NOON


LOCATION MAP

BLOCK PLAT

       Formstone townhome contains: 5 rooms and bath; gas heat. Lot size: 15' x 49.5', more or less. Annual $22.50 sub-ground rent.

       TERMS OF SALE: Deposit payable by certified or cashier's check of $5,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. 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 assumes risk of loss from the date of sale forward. The purchaser waives and releases the Attorney-in-fact, Owner and 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 Attorney-in-fact and Owner are 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 Attorney-in-fact, Owner or Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. No buyers premium!

Luz M. Ayala, Attorney-in-Fact for
Maria Bachman