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9409 Philadelphia Road
Baltimore, MD 21237
16980 Piney Point Rd.
Piney Point, MD 20674
Under a power of sale contained in a certain Deed of Trust from
Stanley G. Starcher and Pauline Starcher, dated July 24, 2007 and
recorded in Liber 3045, folio 373 among the Land Records of St.
Mary’s Co., MD, default having occurred under the terms thereof,
the Sub. Trustees will sell at public auction at the Circuit Court for
St. Mary’s Co., at the Court House Door, 41605 Court House Dr.,
Leonardtown, MD 20650, on
JANUARY 29, 2015 AT 12:35 P.M.
IMPROVEMENTS THEREON situated in St. Mary’s Co., MD and
more fully described in the aforesaid Deed of Trust. The property is
improved by a dwelling.
The property will be sold in an “as is” condition and subject to conditions, restrictions and agreements of record affecting the same, if
any and with no warranty of any kind.
Terms of Sale: A deposit of $53,000 by cash or certified check. Balance of the purchase price to be paid in cash within 10 days of final
ratification of the sale by the Circuit Court for St. Mary’s Co. TIME
IS OF THE ESSENCE. If the purchaser fails to settle within the
aforesaid ten (10) days of ratification, the purchaser relinquishes
their deposit and the Sub-Trustees may file an appropriate motion
with the court to resell the property. Purchaser waives personal service of any paper filed with the Court in connection with such motion
and any Show Cause Order issued by the Court and expressly agrees
to accept service of any such paper or Order by certified mail and
regular mail sent to the address provided by the purchaser and as
recorded on the documents executed by the purchaser at the time of
the sale. Service shall be deemed effective upon the purchaser 3 days
after postmarked by the United States Post Office. It is expressly
agreed by the purchaser that actual receipt of the certified mail is
not required for service to be effective. If the purchaser fails to go to
settlement the deposit shall be forfeited to the Sub-Trustees and all
expenses of this sale (including attorney fees and full commission
on the gross sales price of the sale) shall be charged against and
paid from the forfeited deposit. In the event of resale the defaulting
purchaser shall not be entitled to any surplus proceeds or profits
resulting from any resale of the property regardless of any improvements made to the real property. Interest is to be paid on the unpaid
purchase money at the rate of 6.45% per annum from the date of sale
to the date the funds are received in the office of the Sub-Trustees.
Taxes, ground rent, water rent, condominium fees and/or homeowner
association dues, all public charges/assessments payable on an annual basis, including sanitary and/or metropolitan district charges, if
applicable, to be adjusted for the current year to date of sale and
assumed thereafter by the purchaser. Purchaser shall be responsible for the costs of all transfer taxes, documentary stamps and all
other costs incident to settlement. Purchaser shall be responsible
for physical possession of the property. Purchaser assumes the risk
of loss from the date of sale forward. The sale is subject to post sale
audit by the Noteholder to determine whether the borrower entered
into any repayment/forbearance agreement, reinstated or paid off
prior to the sale. In any such event the Purchaser agrees that upon
notification by the Sub-Trustees of such event the sale is null and
void and of no legal effect and the deposit returned without interest.
If the Sub-Trustees are unable to convey either insurable or good
and marketable title, or the sale is not ratified for any reason by the
Circuit Court including errors made by the Sub-Trustees, the purchaser’s sole remedy at law or in equity shall be limited to a refund
of the deposit without any interest.
Mark H. Wittstadt, et al., Sub. Trustees
ENT 1943764