SKIDMORE & ALDERSON P. O. BOX 360 100 SOUTH LIBERTY STREET CUMBERLAND, MARYLAND 21501-0360 (301) 724-3424 TRUSTEES SALE 533-535 Cumberland Street Cumberland, MD 21502 And 601 Shriver Ave. Cumberland, MD 21502 And 603 Shriver Ave. Cumberland, MD 21502 Under and by virtue of the powers of sale contained in a Deed of Trust dated August 21, 2012 and recorded in Liber 1904, Folio 113 of the Allegany County Land Records, the undersigned Trustee will offer for sale at public auction at the front doors of the Allegany County Circuit Courthouse, located at 30 Washington Street, Cumberland, Maryland on FRIDAY, June 24, 2016 AT 1:15 P.M. The property described as follows: FIRST PARCEL All that piece or parcel of ground lying at the intersection of Cumberland and Tilghman Streets in the City of Cumberland and known as 533-535 Cumberland Street, Allegany County, Maryland. The property is improved with a duplex with each half consisting of approx. 1,500 sq. ft. SECOND PARCEL All that lot, piece or parcel of ground consisting of a double dwelling house now known as No. 601-603 Shriver Ave., situated at the corner of Shriver Ave. and Pear Street, in the City of Cumberland, Allegany County, and being a part of Lot No. 76 in Fairview Addition to the City of Cumberland. The property is improved with a duplex with each half consisting of approx. 1,723 sq. ft. MANNER OF SALE The First Parcel will be offered separately first, Deposit of $5000.00. The Second Parcel will then be offered separately, Deposit of $5,000.00. TERMS OF SALE The property and improvements will be sold in as is physical condition without warranty of any kind and subject to all conditions, restrictions and agreements of record affecting the same. The purchaser is responsible for, and the property and the improvements described above are sold subject to any environmental matter or condition, whether latent or observable, that may exist at or affect or relate to the property and the improvements and to any governmental requirements affecting the same. A cash or certified check deposit in the amount of $5,000.00 shall be paid by the purchaser (except for the party secured by the Deed of Trust) at the time and place of sale. The balance of the purchase price shall be paid in cash or by certified check at settlement (except that if the party secured by the Deed of Trust is the purchaser, a credit will be allowed for the indebtedness secured by the Deed of Trust) which shall be ten (10) business days after final ratification of the sale by the Circuit Court for Allegany County, Maryland unless said period is extended for good cause shown, time being of the essence. If payment of the balance due does not take place within ten (10) business days of ratification, the deposit will be forfeited and the property will be resold at the risk and expense of the defaulting purchaser or in any manner designated by the Trustee. Interest at the rate of 5.75% per annum shall be paid on the unpaid purchase money from the date of sale to the date the funds are received in the office of the Trustee. In the event settlement is delayed for any reason, and the property and improvements are purchased by someone other than the party secured by the Deed of Trust, then there shall be no abatement of interest caused by the delay. Taxes and water to be adjusted to date of sale. All other public and private charges and assessments payable on an annual basis, including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by purchaser. Cost of all documentary stamps, transfer taxes, document preparation and title insurance shall be paid by purchaser. Purchaser shall have the responsibility of obtaining possession of the property. If Trustee is unable to convey good and marketable title, purchasers sole remedy in law or equity shall be limited to the refund of that purchasers deposit to the purchaser. Upon refund of the deposit, the sale shall be void and of no effect, and purchaser shall have no further claim against the Trustee or the party secured by the Deed of Trust. This sale is subject to post-sale audit of the status of the loan secured by the Deed of Trust, including, but not limited to, determining whether prior to sale a forbearance, repayment or other agreement was entered into or the loan was reinstated or paid off; in any such event this sale shall be null and void and purchasers sole remedy shall be return of deposit without interest. This sale is being made subject to the Leases. NOTE: The information contained herein was obtained from sources deemed to be reliable, but is offered for information purposes only. Prospective purchasers are urged to make their own inspection and inquiries of the property and improvements and relevant matters relating thereto. H. Gregory Skidmore, Substitute Trustee FOR INFORMATION CONTACT: H. Gregory Skidmore, Esquire SKIDMORE & ALDERSON 100 S. Liberty Street Cumberland, Maryland 21501-0360 (301)724-3424 Adv.: June 9, 16, 23
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