Sales On Premises
847, 849, 851, 853, 855
REINHARDT STREET
From 800 block of Washington Boulevard
turn south on Callendar Street to Reinhardt
Baltimore, Maryland 21230

FRIDAY, APRIL 17, 2009
AT 10:30 A.M.

For directions from your location, visit: maps.google.com

        Under and by virtue of the power of sale contained in certain Indemnity Deeds of Trust from Bramwell, LLC to the Trustees therein, dated February 28, 2006, and recorded among the Land Records of Baltimore City, in Liber 07503, Page 0020, on March 10, 2006 and recorded in Liber 07534, Page 0001, and on April 14, 2006 and recorded in Liber 07902, Page 0191, the holder of the indebtedness secured thereby having appointed Ronald B. Katz to act as Substitute Trustee, in place and stead of the aforementioned Trustees, 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 those leasehold lots of ground and the improvements thereon, situate and lying in Baltimore City, State of Maryland and being more fully described in the above-referenced Deeds of Trust and comprising the following properties.  Each is believed to be improved by a two story townhome.  Lot sizes are more or less.  Ground rents are payable in equal half-yearly installments, due as noted.
 

        TERMS OF SALE:  A $2,500 deposit on each property, or $12,500 if sold as an entirety, 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 Notes executed in connection with the foreclosed Deeds of Trust, from date of sale to date of settlement.  All adjustments as of date of sale.  Taxes, ground rents 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 Trustees, 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, including a $300 document review fee, for each property, by the Seller’s attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.

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Ronald B. Katz, Substitute Trustee