Sarah E. Longson, Solicitor
Kollman & Saucier, P.A.
The Business Law Building
1823 York Road
Timonium, MD 21093

TRUSTEE'S AUCTION

BAUERNSCHMIDT MANOR

Newly Constructed
WATERFRONT HOME

Substantially Complete

Photos of auction property
HOUSE PHOTO #1      PHOTO #2      WATERFRONT VIEW

Sale On Premises
2609 BAUERNSCHMIDT DRIVE
MD-702 to Turkey Point Road east
to Bauernschmidt Drive left to property
Baltimore County, MD 21221

WEDNESDAY, APRIL 11, 2007
AT 11:00 A.M.


LOCATION MAP

       Under and by virtue of the power of sale contained in a certain Purchase Money Deed of Trust from Gregory A. Morris and Colleen M. Morris to Anthony P. Palaigos, Trustee, dated August 31, 2005, and recorded among the Land Records of Baltimore County, Maryland, in Liber 22691, folio 196 and subsequent Modification Agreement, dated August 23, 2006 and recorded among the Land Records aforesaid in Liber 24536, folio 398, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Trustee will sell at Public Auction, on the premises, the following:

       All those fee simple lots of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described as follows:

       BEING KNOWN AND DESIGNATED as Lots Nos. 58, Section "C" and 68, Section "D" as shown on the Plat of Bauernschmidt Manor, which Plat is recorded among the Land Records of Baltimore County in Plat Book 12, folio 81.

       The property is comprised of two lots as mentioned above. Lot 58 is improved by a newly constructed home and fronts approximately 51' along Bauernschmidt Drive by a depth of approximately 179', comprising approximately 0.21 acre. Lot 68 is unimproved and fronts approximately 70' along Greyhound Creek, by depths of 87' and 92', and fronts 50' along Bauernschmidt Drive, comprising approximately 0.12 acre. Dimensions and acreage contained within this advertisement are approximate and more or less. SUBDIVISION PLAT

       The improvements consist of a new, three-story vinyl shake shingle "Folk Victorian" home, featuring Andersen casement windows and sliding doors, poured concrete foundation, sub-flooring, drywall, HVAC rough-in, condensers and tanks for propane forced hot air heat and two-zone central air; plumbing and electrical rough-ins; 9' to 10' ceilings; insulation and kitchen cabinets. An existing detached garage and carport are located in the rear of the home, access by an asphalt driveway. Public water and sewer are believed to be at the site. The house is currently designed to contain:

       Main Level - living room with sliders to rear yard, half-bath, closet

       Second Level - entry foyer, kitchen, dining room with double sliders to water view sun deck, front and rear stairs

       Third Level - 2 bedrooms, bath and linen closet

       Fourth Level - large master bedroom suite and master bath, office, sun deck with views of Greyhound Creek and Chesapeake Bay

       Ground Level - large family room

       Lower Level - bedroom, full bath, storage room, laundry room and utility room

Photos of auction property
INTERIOR PHOTO #1      PHOTO #2      PHOTO #3
WATER VIEW FROM UPPER LEVEL

       TERMS OF SALE: A $35,000 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 County at the offices of the 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 of 13% per annum, from date of sale to date of settlement. All adjustments as of date of sale. 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 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 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 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 Trustee, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee to Kollman & Saucier, P.A., to be paid by the purchaser. Time shall be of the essence for the purchaser.

No Buyers Premium

Anthony P. Palaigos, Trustee