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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 10, 2006, recorded among the Land Records of Baltimore City, Maryland in Liber FMC No. 7639, folio 626; a Purchase Money Mortgage dated April 24, 2006, recorded among the aforesaid Land Records in Liber FMC No. 7709, folio 415; a Purchase Money Mortgage dated August 30, 2006, recorded among the aforesaid Land Records in Liber FMC No. 8346, folio 662; a Purchase Money Mortgage dated August 18, 2006, and recorded among the aforesaid Land Records in Liber FMC No. 8414, folio 703; a Purchase Money Mortgage dated June 28, 2006, and recorded among the aforesaid Land Records in Liber FMC No. 8232, folio 173; and, a Purchase Money Mortgage dated February 9, 2006, recorded among the aforesaid Land Records in Liber FMC No. 7384, folio 316; 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
WEDNESDAY, MARCH 26, 2008
AT 10:15A.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 northwest side of Gay Street distant 25 feet northeasterly from the dividing line between Stirling and John Murray, and running thence northeasterly binding on Gay Street 25 feet; thence northwesterly at right angles to Gay Street 110 feet 4 inches to an alley 10 feet wide left open by the said John Murray communicating with another alley of the same width extending from Gay Street to a line ranging with a line of the south side of Monument Street as extended; thence southwesterly binding on the first mentioned alley about 26 feet to the end of the second line of Lot No. 1; and thence binding on said Lot No. 1, 121 feet or thereabouts to the place of beginning. The improvements thereon being known as No. 572-1/2 and 574 Old Town Mall, also known as No. 572-1/2 and 574 Oldtown Mall (formerly 572-1/2 and 574 N. Gay Street). Subject to the payment of the annual rent of $123.00, payable half-yearly on the 1st days of April and October, in each and every year.

PARCEL TWO: BEGINNING FOR THE SAME at a point on the southwest side of McCulloh Street at the distance of three hundred and thirty two feet five inches southeasterly from the southwesternmost corner of McCulloh Street and Cloverdale Road (formerly Druid Hill Terrace) and at the center of the partition wall there situate and running thence southeasterly binding on the southwest side of McCulloh Street fourteen feet to the center of the partition wall there situate thence southwesterly through the center of said last mentioned partition wall and at right angle to McCulloh Street one hundred feet to the northeast side of an alley fifteen feet wide there laid out thence northwesterly binding on the northeast side of said alley with the use thereof in common with fourteen and thence northeasterly through the center of the partition wall first mentioned one hundred feet to the place of beginning. The improvements thereon being known as No. 2546 McCulloh Street, in fee simple.

PARCEL THREE: BEGINNING FOR THE SAME on the south side of Baker Street 28 ft. east of Warwick Avenue and at a point in line with the center of a partition wall, fronting easterly on the south side of Baker Street 18 ft. 8 ½ in., with depth of even width southerly 80 ft. to the north side of a 10-ft alley, with the use thereof in common, The improvements thereon being known as No. 2417 Baker Street, in fee simple.

PARCEL FOUR: BEGINNING FOR THE SAME on the East side of Payson Street at a point distant 90 feet Southerly from the Southeast corner of Lanvale and Payson Streets and on the South side of a 10 foot alley and running thence Southerly along the East side of Payson Street 15 feet 5 ½ inches thence Easterly parallel with Lanvale Street 86 feet 6 inches to the west side of another 10 foot alley thence Northerly along the West side of said last mentioned 10 foot alley thence Northerly along the West side of said last mentioned 10 foot alley 15 feet 5 ½ inches to the South side of said last mentioned 10 foot alley thence westerly along the South side of said 10 foot alley 86 feet 6 inches to the place of beginning. The improvements thereon being known as No. 723 North Payson Street, in fee simple.

PARCEL FIVE: BEGINNING FOR THE SAME at the corner formed by the intersection
of the West side of Monroe Street and the North side of Ridgehill Avenue (formerly Ridgewood Avenue), and running thence North binding on the West side of Monroe Street, 14' thence West parallel with Ridgehill Avenue 70' to the East side of an alley 10' wide, thence South on the East side of said alley with the use thereof in common 14' to the North side of Ridgehill Avenue, and thence East binding on the North side of Ridgehill Avenue 70 feet to the place of beginning. The improvements thereon being known as No. 2010 N. Monroe Street Baltimore. Subject to the payment of the annual rent of $96.00, payable half-yearly on the 20th days of June and December, in each and every year.

PARCEL SIX: BEGINNING FOR THE SAME on the north side of Riggs Avenue at a
distance of 37 feet 2 inches eastwardly from the east side of Woodyear Street having a front eastwardly on the north side of Riggs Avenue 12 feet 5 inches with a depth northwardly of even width parallel with Woodyear Street of 67 feet to the north side of an alley 3 feet wide with the use thereof in common the side lines of said lot each passing through the center of a partition wall. The improvements thereon being known as No. 1304 Riggs Avenue. Subject to the payment of the annual rent of $96.00, payable half-yearly on the 1st days of May and November, in each and every year.

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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