Frank G. Lidinsky, Attorney
8600 LaSalle Road - Suite 320, 21286

ATTORNEY-IN-FACT AUCTION

ELLICOTT CITY
"DORSEY HALL"

Ideally Located With Easy Access To
ROUTE 29, ROUTE 100, I-95, ROUTE 70, & 395

BRICK FRONT TOWNHOME
3 Finished Levels


Photo of

Sale On Premises
4727 RAMS HORN ROW
(Off Columbia Rd., W. of Route 108)
Howard County, MD 21042

TUESDAY, MAY 1, 2007
AT 11:00 A.M.


       The information contained herein has been obtained from sources deemed reliable. However, no express or implied warranty is made as the accuracy of this information.

GENERAL INFORMATION

LOCATION:

On a very quiet court 1/2 mile from Route 108 W - off Columbia Road. The location is on 19.5 miles from downtown Baltimore and approximately 30 minutes from Washington DC.

From I-95 S take MD Route 100W 5.4 miles to US-29S to Route 108W (Clarksville Pike.) Proceed about 1/2 mile to Columbia Rd. Turn Right to Rams Horn Row.

LOCATION MAP

IMPROVEMENTS:

Two story brick front townhome. First floor: entry, eat in kitchen, living room, den with sliders to rear oversized deck, and powder room. Second Floor: master bedroom with bath, 2 additional bedrooms and hall bath. Lower Level (at ground): den with fireplace and sliders to outside, laundry room, and powder room. Gas hot air heat. Central air conditioning. Lot comprises 0.045 acres. In Fee Simple.

HOMEOWNERS
ASSOCIATION:

"Dorsey Hall" Association fees approximately $52.00 monthly. A copy of the Homeowners documents will be available for inspection at the time of the Auction. Buyers will waive their right of recision upon signing the auction contract.

INSPECTION:

1 hour prior to sale.

TITLE:

Property will be sold free and clear of all liens.

TAXES:

$2,837.00 (County). $518.00 (Special).


TERMS OF SALE

       A deposit by certified check or cashier's check of $20,000 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 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 property is sold subject to the By-Laws and regulations of the "Dorsey Hall" Homeowners Association; the purchaser waives the right of recession 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 Law. 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.

Harold Wilson, Attorney-In-Fact for Christopher A. Serio