PUBLIC AUCTION

- EDGEWOOD -
Opposite The Home Depot

2 - Commercial
DEVELOPMENT LOTS

Zoned B-3


PHOTO #1     PHOTO #2

Sale On Premises
1091 WEST SHORE DRIVE
Off 2500 Pulaski Hwy. (US-40), Just West Of MD-24
HARFORD CO., MD 21040

THURSDAY, NOVEMBER 10, 2005
AT 2:00 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:

High visibility location between Western Auto and the "West Shore" townhouse development, across the street from The Home Depot. The site is located on the west side of West Shore Drive, off Pulaski Highway, one traffic light (0.2 mile) west of the intersection of U.S. Route 40 and MD-24 off ramp.

Edgewood is a rapidly developing community of southern Harford County. The site is situated only 1.5 miles south of I-95 (Exit 77), less than 2 miles north of the Aberdeen Proving Ground, within 7 miles of Bel Air and only 30-40 minutes northeast of the Downtown Baltimore business district.

For demographics of Edgewood (based on 2000 Census Data), visit:
http://www.city-data.com/city/Edgewood-Maryland.html

LOCATION MAP

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


STREET VIEW- NORTH      STREET VIEW- SOUTH
ACROSS THE STREET: HOME DEPOT

GENERAL SITE
INFORMATION:


Both lots are completely clear and mostly level.

Public water and sewer are in the street.

SUBDIVISION PLAT

HARFORD COUNTY TAX MAP

PARCEL 528 - LOT 2:

Known as Lot 2, Tax Map 66, Grid 1A, Parcel 528 - rectangular lot fronting 140' along West Shore Drive with depths of 220' and comprises 0.707 acre, all more or less.

PARCEL 528 - LOT 3:

Known as Lot 3, Tax Map 66, Grid 1A, Parcel 528 (a/k/a 1091 West Shore Drive) - irregular shaped lot fronting 135' along West Shore Drive, with a rear lot line of 97.97' and depths of 374.5' and 370' or 1.083 acres, all more or less.

ZONING:

All lots are zoned B-3, commercial. However, residential development is permitted on the site as well.

Visit the Harford County Web Site for additional zoning info:
http://www.co.ha.md.us/PlanningZoning/

ANNUAL REAL
ESTATE TAXES:


Parcel 528 - Lot 2 - $1,110
Parcel 528 - Lot 3 - $1,567

TITLE:

In fee simple; sold free and clear of all liens


MANNER OF SALE

       Each property will be offered individually and then offered as an entirety and sold in the manner producing the greater amount.

TERMS OF SALE

       Deposit payable by certified or cashier's check of $20,000 per lot or $40,000 as an entirety, 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; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. 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!