PUBLIC AUCTION SALE

SOUTH BALTIMORE
      REHAB BLOCK     

Two Story
TOWNHOME




Sale On Premises
1514 S. HANOVER STREET
Off Fort Ave.
Baltimore, MD 21230

THURSDAY, SEPTEMBER 22, 2005
AT 2:00 P.M.


LOCATION MAP

BLOCK PLAT

       Two story brick townhome containing 3 rooms, kitchen with walk-out to fenced yard on the 1st floor; 2 bedrooms and bath on the 2nd floor. Basement. Gas hot water heat. Lot size: 12' x 89', more or less. In fee simple. The property was recently vacated by a very long term tenant and needs extensive renovation.

       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. 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 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. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. If the Seller 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.

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