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Law Offices Of Funk

Law Offices of Funk & Bolton, P.A. 36 South Charles Street, Twelfth Floor Baltimore, MD 21201-3111 SUBSTITUTE TRUSTEES' SALE OF VALUABLE COMMERCIAL REAL ESTATE VALUABLE COMMERCIAL ZONED PROPERTY CONSISTING OF APPROXIMATELY 1.3 ACRES (Known As) 7555 Harmans Road Harmans, Maryland 21077 Under and by virtue of the power of sale contained in that certain Indemnity Deed of Trust from S. Sweet Properties, LLC to Mary Pat Fleming and Steven E. Zelenak, Trustees, dated March 10, 2014 and recorded among the Land Records of Anne Arundel County, Maryland at Book 27111, page 456 ("Deed of Trust"), the holder of the indebtedness secured by said Deed of Trust (the "Noteholder") having subsequently appointed Bradley J. Swallow and Eric S. Schuster as Substitute Trustees in the place of the former trustees by instrument duly executed, acknowledged, and recorded among the Land Records of Anne Arundel County, Maryland, default having occurred under the terms of the Deed of Trust and at the request of the parties as secured thereby, the undersigned Substitute Trustees (collectively, the "Trustees") will offer for sale at public auction at the steps of the Circuit Court for Anne Arundel County, Maryland, 8 Church Circle, Annapolis, Maryland 21401 on: August 31, 2017 at 10:00 a.m. ALL OF THAT property being situate in Anne Arundel County, Maryland and any improvements thereon (collectively, the "Property"), and being more particularly described as follows: BEING KNOWN AND DESIGNATED as Lot No. 4 or 1.317 acres of land as shown on a Plat entitled "Amended Plat of 1 of 1 Lot 4 Linpro-Harmans Property", which Plat is recorded among the Land Records of Anne Arundel County, in Plat Book 304, folio 6, commonly known as 7525 Harmans Road, Linpro Harman's Property. The property is now known as 7555 Harmans Road. Tax ID: 400090072043 The Property is believed to consist of a parcel of commercial zoned land with an area of approximately 1.3 acres. A deposit in the amount of Twenty Thousand Dollars ($20,000.00), payable in cash, certified check, or other form acceptable to the Trustees, will be required of the purchaser(s) at the time and place of sale. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate of ten percent (10%) per annum from the date of sale to and including the date of settlement. In the event the Noteholder, or an affiliate thereof, is the successful bidder at the sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. 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, shall be adjusted to the date of sale and assumed thereafter by the purchaser(s). The cost of all documentary stamps, recordation taxes, document preparation, and transfer taxes is to be paid by the purchaser(s). The Trustees reserve the right to reject any and all bids and to extend the time for settlement, at their discretion. The Property will be sold in an "AS IS" condition and without any warranties or representations, either express or implied, as to the nature, condition, or description of the improvements. In addition, the Property will also be sold subject to all existing housing, building, and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist with respect to the Property, and subject to all matters and restrictions of record affecting the same, if any. The purchaser(s) at the foreclosure sale shall assume the risk of loss for the above-referenced Property immediately after the sale takes place. It shall be the purchaser(s)' responsibility to obtain possession of the Property following ratification of its sale by the Circuit Court for Anne Arundel County, Maryland, and conveyance of the Property by the Trustees to the purchaser(s). The Property will be sold subject to all senior liens and encumbrances that are not extinguished by operation of law or by the foreclosure sale of the Property and subject to all easements, conditions, restrictions, rights of redemption, covenants, such state of facts that an accurate survey or physical inspection of the Property might disclose, and agreements of record affecting the Property. The purchaser(s) shall pay at settlement all state and local transfer taxes, documentary stamps, recordation taxes and fees, title examination costs, attorneys' fees, conveyance fees, and all other incidental settlement costs. The purchaser(s) shall settle and comply with the terms of sale within twenty (20) days following the final ratification of the sale by the Circuit Court for Anne Arundel County, Maryland, unless said period is extended by the Trustees for good cause shown. Time is of the essence. Settlement shall be held at the offices of Funk & Bolton, P.A., 36 South Charles Street, Twelfth Floor, Baltimore, Maryland, 21201. In the event the purchaser(s) fail to go to settlement as required, in addition to any other legal or equitable remedies available to them, the Trustees may, without further order of the court, declare the aforementioned deposit forfeited and re-sell the Property at the purchaser(s)' risk and expense. In such event, the defaulting purchaser(s) shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, reasonable attorneys' fees, all other charges due, and incidental damages. In the event the resale of the Property results in a sale in excess of the amount originally bid by the defaulting purchaser(s), the defaulting purchaser(s) waives any and all claims, rights, and interest in any such excess amounts and shall not be entitled to any distribution whatsoever from the resale proceeds. The parties' respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws of the State of Maryland. If the Trustees are unable to convey the Property as described above, the purchaser(s)' sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without interest thereon. Upon refund of the deposit to the purchaser(s), the sale shall be void and of no effect, and the purchaser(s) shall have no further claim against the Trustees or the Noteholder. The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Auctioneer, the Noteholder, and the Trustees do not make any representations or warranties with respect to the accuracy of this information. Eric S. Schuster Bradley J. Swallow Substitute Trustees For Further Information, Contact: Eric S. Schuster, Esquire Funk & Bolton, P.A. 36 South Charles Street, Twelfth Floor Baltimore, Maryland 21201-3111 410.659.4983 LICENSE NOS. A000004, A000176, A000177, A000234, A000297, A000338, A000394, A000424, A000429, A000445, A000465 33-L Aug 11, 18, 25 5087194

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