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HARTMAN and EGELI, LLP
116 Defense Highway, Suite 300
Annapolis, Maryland 21401-7047
(410) 266-3232

SUBSTITUTED TRUSTEE’S SALE OF
VALUABLE IMPROVED FEE SIMPLE PROPERTY

2860 Mayfield Avenue
Baltimore, Maryland 21213

Under and by virtue of the power of sale contained in a Deed of Trust dated May 11, 2005, from Frances M. Tolley and Clyde A. Tolley to Debbie Marsteiner and Patricia Harvey, as Trustees, and SunTrust Bank, as Beneficiary, recorded among the Land Records of Baltimore City, Maryland, in Liber 6594, folio 1165, which was given to secure a loan on the real property described therein, and default having occurred under the terms and conditions thereof, the undersigned Trustee will sell at public auction at the main entrance of the Courthouse for the Circuit Court for Baltimore City, 100 North Calvert Street, Baltimore, Maryland 21202, on  

Tuesday, August 3, 2010
AT 10:30 AM 

All that property situate in Baltimore City, State of Maryland and described as follows:  

Beginning in the northernmost side of Mayfield Avenue at the distance of 463’ 8” more or less easterly from the corner formed by the intersection of the northernmost side of Mayfield Avenue and the easternmost side of Cardenas Avenue and running thence easterly binding on the northernmost side of Mayfield Avenue 15’ 1” thence northerly and in the course passing through the centre of the partition wall of the house erected on the lot now being described and the house erected on the lot next adjoining thereto on the east in all 95’ to the southernmost side of the 15’ alley there situate thence westerly binding on the southernmost side of said 15’ alley 15’ 1” and thence southerly and in the course passing through the centre of the partition wall between the house erected on the lot now being described and the house erected on the lot next adjoining thereto on the west in all 95’ to the place of beginning. 

The property will be sold in “as is” condition, subject to any and all covenants, conditions, restrictions, easements, rights of redemption and other encumbrances, whether or not of record, and with no warranties.  

Terms of Sale: A deposit of $5,000.00 will be required of the purchaser in the form of certified or cashier’s check on the day of sale.  The Beneficiary of the Deed of Trust, if a bidder, shall not be required to make a deposit.  Interest at the rate of ten percent (10%) per annum shall be paid on the unpaid purchase price from the date of sale to the date of settlement if the property is purchased by someone other than the Beneficiary.  The balance of the purchase price shall be paid in cash within fifteen (15) days of final ratification of the sale by the Circuit Court for Baltimore City, time being of the essence. If compliance with the terms of sale does not take place within fifteen (15) days after final ratification, the deposit shall be forfeited and the property resold at the risk and expense of the defaulting purchaser. All past due property taxes shall be paid by the purchaser.  All other public charges or assessments, including water and sewer charges, ground rent, condominium/HOA dues, whether incurred prior to or after the sale, shall be paid by the purchaser.  The costs of all recordation and transfer taxes, any agricultural use or transfer tax, and any and all other settlement costs incident to the recording of the deed to the purchaser shall be borne by the purchaser. 

The Trustee reserves the right to reject any and all bids in his sole and absolute discretion and to extend the settlement date.  Purchaser assumes the risk of loss to the property immediately after sale and shall be solely responsible for obtaining possession of the property. 

Conveyance of the property shall be by substitute trustee’s deed, without covenant or warranty, express or implied, unless otherwise required by statute, court rule or the Deed of Trust. If for any reason the Trustee is unable to convey title, the purchaser’s sole remedy at law and equity shall be limited to the refund of the deposit to the purchaser.  Upon refund of the deposit, the sale shall be null and void and have no further force and effect, and the purchaser shall have no claim against the Trustee, Beneficiary, or Auctioneers. 

The information contained herein was obtained from sources deemed to be reliable, but is offered for information purposes only.  The Trustee, Beneficiary and Auctioneers make no representations or warranties with respect to the accuracy of this information, and the purchaser waives and releases the Trustee, Beneficiary and Auctioneers from any and all claims the purchaser or purchaser’s successors or 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. This advertisement, as amended or supplemented by any oral announcements during the conduct of the sale, constitutes the entire terms upon which the property shall be offered for sale. 

MATTHEW A. EGELI, Substitute Trustee 

CAMPBELL AUCTIONEERS & APPRAISERS, LLC
Members National & Maryland Auctioneers Associations
811 High Street, Suite 100
Chestertown, Maryland 21620-1181
410-268-1108
www.campbellllc.com
 

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Campbell Auctioneers & Appraisers, LLC
       410-778-4235 Chestertown
410-268-1108 Annapolis
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 Members:
National & Maryland Auctioneers Associations
Anne Arundel Co. License Nos.
00077, 00078
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