Robert S. Glushakow, Solicitor
Nolan, Plumhoff & Williams, Chartered
502 Washington Avenue - Suite 700
Towson, Maryland 21204
SUBSTITUTE TRUSTEES' SALE
3 Bedroom - 2 Bath
Three-Car Garage & Barn
On 3.04 Acre Lot ±
Sale On Premises
2915 BRADENBAUGH ROAD
Off Norrisville Road (MD-23)
Harford County, Maryland 21161
THURSDAY, OCTOBER 16, 2008
AT 11:00 A.M.
(Open for inspection at 10:30 A.M. on the day of the auction)
For directions from your location, visit: MapQuest
Under and by virtue of the power of sale contained in a certain Purchase Money Deed of Trust from Charles F. Kerner and Sandra Marie Kerner to the Trustee therein, dated June 30, 2006, and recorded among the Land Records of Harford County, Maryland, in Liber 6897, folio 0657, the holder of the Note being secured thereby having appointed Robert S. Glushakow and Douglas L. Burgess to act as Substitute Trustees, in place and stead of the aforementioned Trustee, 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 Trustees will sell at Public Auction by virtue of proceedings before The Circuit Court For Harford County and captioned as Robert S. Glushakow, Douglas L. Burgess Substitute Trustees, vs. Charles F. Kerner a/k/a Charles F. Kerner, Jr. And Sandra Marie Kerner, Case No. 12-C-08-2278, on the premises, the following:
All that fee simple lot of ground and the improvements thereon, situate and lying in Harford County, State of Maryland and being more fully described in the above-referenced Deed of Trust and having an address of 2915 Bradenbaugh Road, White Hall, Maryland 21161; comprising 3.04 acres of land.
The improvements are believed to comprise a brick ranch home. According to public tax records, the home was constructed in 1972 and contains 1,943 square feet of living area, plus a full basement, an attached three-car garage comprising 720 square feet and a brick fireplace. The home is believed to contain a living room (17' x 14'), country kitchen (22' x 13'), master bedroom (14' x 13'), two additional bedrooms, 2 baths, family room (21' x 15') and unfinished basement; wood floors; propane gas hot air heat; central air conditioning; fenced pastures; barn with horse run.
The property, which is improved by a dwelling, will be sold in AS-IS, WHERE-IS condition and subject to conditions, restrictions, and agreements of record affecting the same, with no warranty of any kind, express or implied. Square footage, acreage and dimensions mentioned herein are approximate and more or less.
TERMS OF SALE
A $20,000.00 deposit, payable by certified check or cashier's check will be required of the purchaser at time and place of sale. The deposit is to be increased to ten percent (10%) of the purchase price within twenty-four (24) hours at the office of the auctioneers. No deposit will be required of the Deed of Trust Beneficiary or Noteholder or its wholly owned subsidiary if the property is purchased by the Deed of Trust Beneficiary or Noteholder or its wholly owned subsidiary. 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 Harford County. TIME IS OF THE ESSENCE FOR THE PURCHASER. If payment of the balance does not take place within the specified time, the deposit shall be forfeited, the property will be resold at the risk and expense of the defaulting purchaser, and the defaulting purchaser shall be required to pay a reasonable fee of not less than $750.00 as a payment for fees and costs associated with the procedures giving rise to the re-sale of the property. The Deed of Trust Beneficiary and/or the Noteholder shall be entitled to all excess proceeds under a resale of the property. Interest to be charged on the unpaid purchase money, at the rate stated in the Note filed in the foreclosure proceedings, from date of sale to date of settlement. All adjustments as of date of sale. Taxes, ground rent and all other public charges and assessments for the current year, 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. All costs incident to the settlement shall be paid by the purchaser with all costs of documentary stamps, transfer taxes and recording charges to be paid by the purchaser. The Substitute Trustees, the Deed of Trust Beneficiary nor the Noteholder shall pay any costs of any kind for closing the transaction. All costs are borne by the purchaser. The property will be sold in "AS IS WHERE-IS" condition, without express or implied warranty as to the nature, condition and/or description of the improvements, the ability of the property to be further developed or subdivided, the ability of the improvements to be maintained as separate rental units, the ability of the property to be divided into rental units, the value, profitability or income potential of the property, the ability of the property to obtain or maintain multiple family dwelling permits, the existence or non-existence of lead paint or any existent or latent environmental condition affecting the property and the improvements. The sale shall be subject to any housing code violations, easements, agreements, tenancies, restrictions and/or covenants of record affecting same, if any. The sale is subject to the rights of redemption by the Internal Revenue Service. Conveyance shall be by Substitute Trustees' Deed without covenant or warranty, express or implied. The purchaser shall be responsible for complying with the registration of the property with those governmental entities having jurisdiction over the property, if applicable. If settlement is delayed for any reason, there will be no abatement of interest. This Advertisement may be amended or supplemented by oral announcements during the conduct of the sale, and any such announcements shall constitute further terms or conditions upon which the above described property will be offered for sale. The Substitute Trustees may reject and withdraw a bid by a prospective bidding purchaser at sale, if the Substitute Trustees determine that any bid so offered is not commensurate with the value of the property being foreclosed upon. The highest bidder acknowledged by the Substitute Trustees shall be the Purchaser, and in the event of any dispute among the bidders, the Substitute Trustees shall have the sole and absolute final discretion to determine the successful bidder or to resell the property. Purchaser shall be responsible for obtaining physical possession of the property, and the risk of loss shall be assumed by the purchaser from the date of sale. If the Substitute Trustees are unable to convey good and marketable fee simple 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 Trustees, the Deed of Trust Beneficiary, the Noteholder, the Solicitors or Auctioneer. The right to postpone, set over, or cancel the sale prior to the scheduled sale is reserved by the Substitute Trustees. Any such postponement, setting over, or cancellation will be announced on the scheduled date of sale.
Robert S. Glushakow and Douglas L. Burgess,
No Buyer's Premium