Rogers, Moore & Rogers, Solicitor
William C. Rogers, Jr. Solicitor
W. Charles Rogers, III, Solicitor
6 S. Calvert St. 21202

SUBSTITUTE TRUSTEES' SALE

WEST BALTIMORE
  "SHIPLEY HILL"  

Well Maintained, 1 Story
WAREHOUSE BUILDING

Sale On Premises
224 N. FRANKLINTOWN ROAD
South of Franklin St. (U.S. 40)
Baltimore, Md. 21223
(Enter at 226 Franklintown Rd.)

MONDAY, MARCH 7, 2005
AT 11:00 A.M.


LOCATION MAP

TAX MAP

       Under and by Virtue of the Power of sale contained in a certain Deed of Trust from Foxglove Designs, LLC to Trustees, dated May 30, 2002, and recorded among the Land Records of Baltimore City, Md., in Liber 2553 Page 112, the holder of the indebtedness secured thereby having appointed William C. Rogers, Jr. And W. Charles Rogers, III, as Substitute Trustees, default having occurred thereunder, the undersigned Substitute Trustees, will sell at Public Auction the following:

       All that fee simple parcel of ground situate and lying in Baltimore City, and being more fully described in the aforementioned Deed of Trust.

       The property is improved by a one story brick and masonry industrial building comprising 21,000 square feet divided into air conditioned office space (approx. 2,250 square feet) with rest rooms; and warehouse space with dock loading facilities and heated by overhead gas space heaters. There have been recent improvement updates. Fenced paved parking lot. Lot comprises 34,238 square feet or 0.79 acres. Property is zoned M 2, industrial.

       TERMS OF SALE: A deposit by certified check or cashier's check of $25,000.00 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 Substitute Trustees. 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 Deed of Trust Note from day of sale to date of settlement. All adjustments as of date of sale. Taxes, 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. The purchaser waives and releases the Substitute Trustees, the holder of 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 future relating to the condition of the property, including but not limited to the environmental condition thereof. Purchaser shall be responsible for obtaining physical possession of the property. If the Substitute Trustees 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 Substitute Trustees, Noteholder, or Auctioneer. All dimensions stated herein are "more or less". 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.

William C. Rogers, Jr.
W. Charles Rogers, III, Substitute Trustees