REAL ESTATE AUCTION

MAYS CHAPEL
FIVE FARMS AREA
HOME SITE

VIEW #1 OF LOT      VIEW #2 OF LOT
SOUTH ON JENIFER ROAD      NORTH ON JENIFER ROAD

Sale On Premises
510 PADIAN LANE
Corner of Jenifer Road, 1 Block South Of Padonia Road
COCKEYSVILLE, BALTIMORE COUNTY, MD 21030

TUESDAY, OCTOBER 25, 2005
AT 12:30 P.M.


       NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Great location! Residential lot amid million dollar homes, only minutes from I-83 (Jones Falls Expressway and the Harrisburg Expressway), Towson and Cockeysville. The new Hunt Valley Town Center and Wegmans Grocery store less than 10 minutes to the northeast. Downtown Baltimore City is approximately 20 minutes to the south.

LOCATION MAP

SITE:

Pie shaped lot comprising 0.64 acre, more or less

TAX MAP

LOCATION SURVEY

ZONING:

D.R. 3.5, residential
For more zoning information, please visit:
http://gcp.esub.net/cgi-bin/om_isapi.dll?clientID=103479
&advquery=BR&infobase=baltimor.nfo&softpage=Browse_Frame_Pg42


ANNUAL REAL
ESTATE TAXES:


$810

TITLE:

In fee simple; sold free and clear of all liens

DIRECTIONS:

From the 11700 block of Falls Road, go east on Padonia Road approximately 1 mile to Jenifer Road and turn right. Travel one block to Padian Lane and turn left. The property is on the corner.

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp


TERMS OF SALE

       Deposit payable by certified or cashier's check of $20,000 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 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 Seller, 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 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. 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 Seller or Auctioneer. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!