Arthur L. Drager, Attorney
Law Offices of Arthur L. Drager, LLC
The Equitable Building - Suite 620
10 N. Calvert St. 21202

ESTATE SALE

Anne Arundel County

LONG ESTABLISHED
LANDMARK BAR & TAVERN
7-DAY BEER, WINE & LIQUOR LICENSE
(Fully Equipped)

Known As
"DIETRICH'S"
1.7 ACRES 2 ADDITIONAL HOMES
7346-7356 E. FURNACE BRANCH ROAD
(Corner E. Thompson Rd., 21060)

- and -

2 - SINGLE FAMILY HOMES

10 PHYLLIS DRIVE
"Rancher" - 21060

113 CARVEL BEACH ROAD
"Waterfront Home" - 21226

Sales Respective On Premises
TUESDAY, JULY 31, 2007
AT THE FOLLOWING TIMES

LOCATION MAP (to all properties)

       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. All dimensions and acreage contained herein are more or less.

AT 11:00 A.M.
7346-7356 E. FURNACE BRANCH RD.

Photos of auction property
AERIAL VIEW      BAR - FRONT VIEW      BAR - REAR VIEW
STREET SCENE #1      STREET SCENE #2

       Improved by a 2 story brick and frame tavern/bar building with 4 entrances. First floor has clear span area with pool table, large bar and back bar, 2 restrooms, package liquor area and beverage storage rooms. Bar is equipped with beverage boxes, under-bar sinks, mug chillers, self-service refrigerated beverage cases, draft system, etc. Aluminum walk-in boxes; central air; oil heat. The second floor has a separate entrance and an apartment containing 5 rooms, bath and powder room.

Photos of auction property
BAR AREA #1      BAR AREA #2      BAR COOLER      BAR WELL
BEVERAGE COOLER      WALK-IN COOLER

       7-Day BWL License: The transfer of this license is subject to the approval of the Board of Liquor License Commissioners of Anne Arundel County as in the case of an original application, and it shall be the sole responsibility of the purchaser to obtain such approval. It should be noted that the existing license is being held by the Board in a suspended state, since the bar has been closed for months.

       There are 2 frame houses on the property: 7352 E. Furnace Branch comprising 1,234 sq. ft. and 7356 E. Furnace Branch comprising 880 sq. ft. (information obtained from Tax records and not warranted.)

Photos of auction property
7356 Furnace Branch Road      7352 Furnace Branch Road

       LOT: Comprises 1.71 acres, more or less, with a frontage of 400' on E. Furnace Branch Rd. and 217' on Thompson Rd. The property is zoned R-5. In Fee Simple.

       Total Real Estate Taxes (2005): $5,810.49

       BOUNDARY SURVEY

       DEPOSIT: $50,000


AT 12:00 NOON
10 PHYLLIS DRIVE
"Sun Valley"
Glen Burnie, MD 21060

Photos of auction property
FRONT VIEW      REAR YARD      STREET SCENE

       Located off Baltimore/Annapolis Blvd. (Route 648). The property is improved by a brick and frame ranch home containing living room, eat-in kitchen, 3 bedrooms and bath. Gas heat and central air. The property is rented on a monthly basis at $550 - no lease. Lot size: 62' x 155', more or less. Subject to an annual $120 ground rent. Real Estate Taxes (2005): $1,186.74.   DEPOSIT: $15,000


AT 2:00 P.M.
113 CARVEL BEACH ROAD
"Carvel Beach"
Off 8100 Fort Smallwood Rd., 21226

Photos of auction property
HOUSE (street side)      HOUSE (water side)
PRIVATE WATER VIEW      PIER & WELDING COVE

       Waterfront property improved by a frame home comprising 1,300 sq. ft. (based on tax records but not warranted). Lot comprises 20,973 sq. ft. with a frontage of 70' on Carvel Beach Rd. and 44.5' on Welding Cove. Steps to the water and a partial pier are on the property. In Fee Simple. Real Estate Taxes (2006): $3,008.   DEPOSIT: $15,000

       SUBDIVISION PLAT


       TERMS OF SALE: All deposits by certified check or cashier's check will be required of the purchaser at time and place of sale. The deposits are 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 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 as of date of sale. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. The purchaser assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Estate, Personal Representative and 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws. Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE. No Buyer's Premium.

Arthur L. Drager, Personal Representative
Estate of Adelia Milwicz