Geoffrey L. Forman, Solicitor
Cohen and Forman, LLC
334 St. Paul Place
Baltimore, MD 21202

SUBSTITUTE TRUSTEE'S AUCTION

EAST BALTIMORE
TOWNHOUSE SHELL


Photo of

Sale On Premises
415 N. CASTLE STREET
Off 2000 Orleans Street
Baltimore, MD 21231

WEDNESDAY, MAY 10, 2006
AT 10:30 A.M.


LOCATION MAP

       Under and by virtue of the power of sale contained in a certain Purchase Money Deed of Trust from Charles Bittle to the Trustee therein, dated March 5, 1998, and recorded among the Land Records of Baltimore City, Maryland, in Liber FMC 7160, Page 275, the holder of the indebtedness secured thereby having appointed Geoffrey L. Forman to act as Substitute Trustee, in place and stead of the aforementioned Trustee, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustee will sell at Public Auction, on the premises, the following:

       All that leasehold lot of ground and the improvements thereon, situate and lying in Baltimore, State of Maryland and being more fully described in the above-referenced Deed of Trust; lot size 12' x 75', more or less; subject to an annual $36 ground rent.

       The improvements are believed to comprise a two story brick inside-group townhome, containing living room, dining room, kitchen, 3 bedrooms, bath and basement. The home has been boarded for security.

       TERMS OF SALE: A $2,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale. The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer's Office. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. 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 Trustee. 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 Note executed in connection with the foreclosed Deed of Trust, from date of sale to date of settlement. All adjustments as of date of sale. Taxes, ground rent 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 shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Substitute Trustee, the holder of the 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 the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Substitute Trustee 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 Substitute Trustee, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

Geoffrey L. Forman, Substitute Trustee