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Legal auctions are subject to last minute changes. Please be sure to call either the offices of the Substitute Trustees or the Auctioneers to determine if the auction is still scheduled.

Pursuant to the power of sale contained in a Purchase Money Mortgage dated April, 2006, recorded among the Land Records of Baltimore City, Maryland in Liber FMC No. 7869, folio 213; a Mortgage dated September 21, 2006, recorded among the aforesaid Land Records in Liber FMC No. 8645, folio 293; a Purchase Money Mortgage dated November 17, 2006, recorded among the aforesaid Land Records in Liber FMC No. 9054, folio 533; a Purchase Money Mortgage dated July 20, 2006, recorded among the aforesaid Land Records in Liber FMC No. 8322, folio 521; and a Purchase Money Mortgage dated November 19, 2004, recorded among the aforesaid Land Records in Liber FMC No. 6439, folio 687; and default having occurred thereunder, the undersigned duly appointed Assignees will offer for sale at public auction, at the Courthouse Door of the Circuit Court for Baltimore City, Clarence M. Mitchell Courthouse, 100 N. Calvert Street, Baltimore City, Maryland 21202 on

TUESDAY, MARCH 18, 2008
AT 10:00 A.M.

For administrative purposes, there will be multiple sales held at this time, the order of the sales to be announced at the time of the sale.

ALL those lots of ground and the improvements thereon situate and lying in Baltimore City, Maryland and described as follows:

PARCEL ONE: BEGINNING FOR THE SAME on the West side of Caroline Street
247 feet Southerly from the Southwest corner of North Avenue and Caroline Street which place of beginning is designed to be at the center of the partition wall there being and running thence Southerly binding on the West side of Caroline Street 16 feet to the center of the partition wall there being thence Westerly through the center of said last mentioned partition wall to the end thereof and continuing the same course in all 79 feet more or less to the East side of a 5 foot alley there being thence Northerly binding on the east side of said alley with the use thereof in common 16 feet or thereabout to intersect a line drawn and binding thereon 78 feet 6 inches to the place of beginning. The improvements thereon being now known as No. 1826 Caroline Street also known as 1826 N. Caroline Street. Subject to the payment of the annual rent of $64.00 Dollars, payable half-yearly on the 1st days of January and July, in each and every year

PARCEL TWO: BEGINNING FOR THE SAME on the west side of Milton Avenue at
the distance of 95 feet Northerly from the corner formed by the intersection of the West side of Milton Avenue and the North side of Biddle Street which place of beginning is designated to be at the middle line of the partition wall there situate thence running Northerly on the West side of Milton Avenue 15 feet to the middle line of the partition wall there situate and running thence westerly along the middle line of said last mentioned partition wall to the end thereof and continuing the same course in all 70 feet to the East side of an alley 10 feet wide there situate and running thence Southerly binding on the East side of said alley with the use thereof in common 15 feet to intersect a line drawn Westerly from the place of beginning along the middle line of the partition wall in this description first mentioned and thence running easterly reversing the said line so drawn and binding thereon 70 feet to the place of beginning. The improvements thereon being known as No. 1202 N. Milton Avenue. Subject to the payment of the annual rent of $84.00 Dollars, payable half-yearly on the 13th days of March and September, in each and every year.

PARCEL THREE: BEGINNING FOR THE SAME on the line of the south side of Federal
Street at the distance of 45' 10" westerly from the corner formed by the intersection of the south side of Federal Street and the west side of Ann Street which place of beginning is designed to be at the center of the partition wall there being and running thence westerly binding on the south side of Federal Street 14' to the centre of the partition wall there being; thence southerly through the centre of said last mentioned wall and parallel with Ann Street 75' to the north side of an alley 10' wide thence easterly binding on said alley with the use thereof in common with others 14'; and thence northerly parallel with Ann Street and through the centre of the partition wall first mentioned in this description 75' to the place of beginning. The improvements thereon being known as No. 1741 E. Federal Street. Subject to the payment of the annual rent of $ 96.00, payable half-yearly on the 23rd days of April and October, in each and every year.

PARCEL FOUR: BEGINNING FOR THE SAME on the east side of Milton Avenue 292
feet 9 inches southerly from the southeast corner of Milton Avenue and Biddle Street, said place of beginning being at the center of a partition wall thence southerly binding on the east side of Milton Avenue 13 feet 3 inches to the center of another partition wall; thence easterly passing through the center of said wall 88 feet 9-3/4 inches to the west side of Mine Bank Lane; thence northerly binding on the west side of Mine Bank Lane 13 feet 3 inches thence westerly thru the center of the first mentioned partition wall 89 feet 1 ½ inches to the place of beginning. The improvements thereon being known a No. 1103 N. Milton Avenue. Subject to the payment of the annual rent $96.00, payable half-yearly on the 1st days of January and July, in each and every year.

PARCEL FIVE: BEGINNING FOR THE SAME on the north side of Lauretta Avenue
at the distance of 205 feet east from the corner formed by the intersection of the north side of Lauretta Avenue and the east side of Ashburton Street and at the center of a partition wall there situate; thence easterly on the north side of Lauretta Avenue 14 feet to the center of a partition wall there situate; thence northerly at right angles with Lauretta Avenue 79 feet to the center of a 10 foot alley there situate; thence westerly in the center of said alley with the use thereof in common 14 feet; thence southerly by a straight line 79 feet to the place of beginning. The improvements thereon being known as No. 2640 Lauretta Avenue, in fee simple.

The properties will be sold in an “as is,” condition and subject to all conditions, restrictions, easements, covenants, and agreements of record affecting the same, if any, and without expressed or implied warranty as to the nature and description of the improvements as contained herein.

Terms of Sale: A deposit of $7,900.00 per parcel will be required at the time of sale, such deposit to be in cash, cashier’s check, or in other form as the Assignees may determine acceptable, in their sole discretion. The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance of purchase price to be paid in cash at settlement, which shall take place at the offices of the Assignees within ten (10) business days following final ratification of sale by the Circuit Court for Baltimore City, unless said time is extended by the Assignees for good cause shown. If payment of the balance does not take place within the specified time, purchaser agrees to pay attorneys’ fees in the amount of $750, plus costs, if the Assignees have moved to resell the property. If purchaser defaults under these terms, the deposit shall be forfeited and the property will be resold at the risk and expense of the defaulting purchaser. The defaulting purchaser shall not be entitled to any surplus proceeds or profits resulting from any resale of the property, even if such surplus results from improvements to the property by said defaulted purchaser. Interest will accrue on the unpaid purchase money, at the rate stated in the foreclosed Mortgage, from date of sale to date of settlement, in the event the property is purchased by someone other than the mortgage holder. In the event settlement is delayed for any reason, including, but not limited to, exceptions to this sale, bankruptcy filings by interested parties, court administration of the foreclosure or unknown title defects, there shall be no abatement of interest. The sale is subject to post-sale confirmation that the borrower did not file for protection under the U.S. Bankruptcy Code prior to the sale. In such event, this sale shall be null and void, and the purchaser’s sole remedy, in law and equity, shall be the return of the deposit without interest. All taxes, ground rent, and water rent to be adjusted to date of sale. Purchaser shall be responsible for the payment of the ground rent escrow, if required. All other state, city, and other taxes, public charges or 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 by the purchaser thereafter. Purchaser is responsible for any amount in excess of $250 of outstanding water bills, if any, incurred prior to date of sale. Costs of all transfer taxes, documentary stamps and recordation costs shall be borne by the purchaser. Purchaser shall be responsible for obtaining physical possession of the property. Purchaser waives and releases the Assignees, 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 sale is not ratified, or if for any reason the Assignees 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 Assignees, Mortgage Holder, or Auctioneers. The purchaser at the foreclosure sale shall assume the risk of loss for the property immediately after the sale. Additional terms, if any, to be announced at sale. Purchaser agrees to pay $250 at settlement to the seller’s attorney for review of the settlement documents, and an additional fee of $250 for review of any motion which may be subsequently filed with the Court to substitute a purchaser herein. Time shall be of the essence for the purchaser.

DEBORAH M. ENGRAM, JAMES C. BRENNAN Assignees

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