Holloway & Sullivan, LLC
The Equitable Building
10 N. Calvert St. - #542
Baltimore, Md. 21202

GUARDIAN'S SALE

FEDERAL HILL

Federal Style
2 STORY TOWNHOME



HOUSE     STREET VIEW

Sale On Premises
105 E. MONTGOMERY ST.
(Between Light & William St.)
Baltimore, MD 21230

TUESDAY, MAY 17, 2005
AT 2:00 P.M.


LOCATION MAP

BLOCK PLAT

       Unusual opportunity to purchase a classic Federal style townhome containing living room, dining room, and kitchen with brick fireplace and side and rear doors leading to walled brick patio in the rear; 3 rooms and rough-in for bath on the 2nd floor. Walk up attic. Basement. 2 staircases. Hot water heat. Recent roof replacement (about 2 years). The property is in very poor condition and needs extensive renovation. Lot size: 15' x 72', more or less. In Fee Simple.

       TERMS OF SALE: A deposit by certified check or cashier's check of $20,000.00 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. 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. No Buyers Premium.

Terry K. Sullivan, Guardian for Augustus Pickens