Law Offices of
Herbert Burgunder, III
1501 Sulgrave Ave., Suite 207
Baltimore, MD 21209

ESTATE AUCTION

- ESSEX AREA -

COMMERCIAL SITE
1.61 Acres± Zoned BM

Situated Next to New Food Lion Shopping
Center on Southeast Boulevard (MD-702)
With Access from Back River Neck Road

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Sale to Be Held In Rear Parking Lot of
Food Lion - 1565 Hyde Park Road (At Back River Neck Road)
Baltimore County, MD 21221

MONDAY, JUNE 11, 2007
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, square footage and acreage contained herein are more or less.

LOCATION:

The property is located in the Essex area of eastern Baltimore County, along the east side of MD-702, approximately 2.5 miles south of Baltimore Beltway (I-695) Exit 36. The site is located between MD-702 and Back River Neck Road (parallel roads), immediately south of Middleborough Road and north of Turkey Point Road. The surrounding area is a mixture of existing and new home development, oriented towards the Middle River and Back River coastlines. The property has good visibility from MD-702, the major expressway to the Back River Neck Peninsula. According to public tax records, the site comprises 1.672 acres, situated along the west side of Back River Neck Road, 1,100' south of Hyde Park Road. Hyde Park Road is a traffic circle at MD-702, also having good visibility of the auction site, providing a good traffic count and the main access to the neighboring Food Lion Shopping Center.

LOCATION MAP

For directions from your location (to the Food Lion), visit:
http://www.mapquest.com/directions/main.adp

SITE:

Known as Parcel 10, Grid 18, on Baltimore County Tax Map 97
1.612 acres, more or less
Nearly rectangular lot, approximately 200' x 400'
Right-of-way access to Back River Neck Road

TAX MAP

ZONING:

BM, business major, permitting a variety of commercial land uses.

For more information, see the:
Baltimore County Zoning Regulations.

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UTILITIES:

Public water and sanitary sewer are believed to be in the adjacent shopping center

TITLE:

In fee simple. The property will be sold free and clear of liens. Deed Liber 3533, folio 378.

TERMS OF SALE:

A $5,000 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. Balance to be paid in cash within 45 days. 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 of 12% per annum, from date of sale to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on an annual basis, and 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. Purchaser assumes the risk of loss from the date of sale forward. The purchaser waives and releases the Seller, their Attorneys, 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 Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. Time is of the essence. Note - The Seller's Attorneys have recently completed a title update of the property. Purchaser shall have the option of using the Seller's Attorneys' title company to conduct settlement or paying a $500 document review fee to the Seller's Attorney.

NO BUYER'S PREMIUM.

Broker participation is invited.
BROKER REGISTRATION FORM

Auction by order of:
Herbert Burgunder III, Personal Representative of the
Estate of James C. Porter