Stephen M. Goldberg, Solicitor
Tydings & Rosenberg, LLP
100 E. Pratt Street, 26th Floor
Baltimore, MD 21202

"Burleigh Manor"

4 Bedroom    2 ½ Bath

Sale On Premises
Off 4400 Centennial Lane
Howard County, MD 21042

AT 2:00 P.M.



       Under and by virtue of the power of sale contained in a certain Third Indemnity Deed of Trust from Jeffrey D. Harclerode and Diane E. Harclerode to the Trustees therein, dated September 1, 2000, and recorded among the Land Records of Howard County, Maryland, in Liber 5232, Folio 328, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Trustees will sell at Public Auction, on the premises, the following:

       All that fee simple lot of ground and the improvements thereon, situate and lying in Howard County, State of Maryland and being more fully described in the above-referenced Deed of Trust.

       The property is improved by a two story brick and siding colonial home. According to public tax records, the home was constructed in 1988 and comprises 2,808 square feet of living area, 1,544 square feet of basement space and attached two-car garage. The first floor contains a living room, dining room, kitchen with work island, wood cabinets and granite counter tops, den, family room with fireplace, laundry room and half-bath. Second floor has a master bedroom suite with sitting room and bath (separate shower and tub), 3 additional bedrooms and full hall bath. Full basement features club room, kitchen, 2 bedrooms, full bath; custom deck overlooking gazebo, ornamental fish pond and woods; gas forced hot air heat and central air conditioning; hardwood and carpeted floors; lot size 0.44 acre, more or less; public water and sewer.

       The property will be sold subject to a Deed of Trust, dated May 7, 1999, in the original principal amount of $300,800; and subject to a Deed of Trust, dated July 1, 1999, in the original principal amount of $76,718.50. The exact amounts due thereon will be announced at the time of sale.

       TERMS OF SALE: A $25,000 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 after the sale 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 Howard County at the offices of the Trustees. 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 Revolving Promissory Note that is secured by the foreclosed Third Indemnity Deed of Trust, 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 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 Trustees are 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 Trustees, the holder of the indebtedness or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

M. Neil Brownawell, II and
Alan M. Grochal, Trustees