TRUSTEE’S SALE

Of valuable

IMPROVED CONDOMINIUM REAL ESTATE
known as

One East Chase Street - Unit R2
Baltimore, MD 21223

Under and by virtue of a Decree for Sale of Premises by the Circuit Court for Baltimore City, MD dated April 30, 2008, in a case captioned Belvedere Condominium Council of Unit Owners, v. SOGDA, LLC (Case No. 24-O-08001592) with John M. Oliveri, Esq., being appointed as Trustee in said order to sell said property, the undersigned will offer for sale at Public Auction at the premises of One East Chase Street, Retail Unit #2, Baltimore, Maryland:
 

TUESDAY, AUGUST 26, 2008
AT 12:00 O'CLOCK P.M.
 

            All that lot of ground situate in the Baltimore City, State of Maryland, and described as follows, that is to say:
 

BEING KNOWN AND DESIGNATED as Retail Unit #2, "The Belvedere Condominium", as established pursuant to a Declaration for the Belvedere Condominium made by the Belvedere Realty Corporation, dated June 14, 1991 and recorded among the Land Records of Baltimore City in Liber SEB No. 2868, folio 290, et seq., together with an undivided interest in the Common Elements of the said Belvedere Condominium, and subject to the By-Laws recorded therewith in the Land Records of Baltimore City in Liber SEB No. 2868, folio 320 et seq., and pursuant to the Condominium Plats entitled, "Condominium Site Plan and Development Plan of the Belvedere Condominium", dated May 30, 1991 and recorded at Condominium Plat Book SEB No. 275-294 and any amendments thereto.
 

TOGETHER with all the rights, privileges, covenants, restrictions, changes, easements and benefits as set forth in the aforementioned Declaration and By-Laws, and Plat and any amendments thereto, including an undivided percentage interest in the common elements and common expenses of the condominium Regime as set forth in the Declaration, By-Laws and Plats aforesaid, and any amendments thereto.
 

AND subject to a Sub-division Plat entitled, "Final Plat of the Sub-division of the Belvedere Motel", recorded in Plat Pocket Folder SEB No. 3374.
 

The improvements thereon being known as Retail Unit #2, in the Belvedere Condominium, 1 East Chase Street, Baltimore, Maryland.
 

TERMS OF SALE: The property will be sold in "as is" condition, subject to any and all covenants, conditions, restrictions, easements, rights of way and limitations of record, and with no warranties. The property will be sold subject to any building or housing violations, easements, agreements, restrictions, terms, rights of way, covenants, conditions, rights of redemption, and other encumbrances, if any, affecting the subject property, whether or not of record.
 

A deposit of Ten Thousand Dollars ($10,000.00) will be required of the purchaser in the form of certified or cashier's check on the day of sale. The Beneficiary, or any subsidiary of beneficiary, named in the Decree of Sale, if a bidder, shall not be required to make a deposit. Interest at the rate of 1.0 percent per month 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 ten (10) 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 ten (10) days after final ratification, the deposit shall be forfeited and the property resold at the risk and expense of the defaulting purchaser. Taxes, water rent, and all other public charges and assessments payable on an annual or periodic basis, including sanitary and metropolitan district charges and special paving taxes, and condominium fees, if any, will be adjusted as of the date of sale and thereafter shall be paid by the purchaser. The cost of all recordation and transfer taxes, any agricultural use or transfer tax, and any and all other costs incident to the recording of the deed to the purchaser shall be borne by the purchaser. Purchaser also agrees to pay $295.00 at settlement to the Seller's attorney for review of all settlement documents.
 

The Trustee reserves the right to reject any and all bids in his sole and absolute discretion and to extend the settlement date. Trustee further reserves the right to modify the terms of the sale at his sole and absolute discretion. 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 trustee's deed, without covenant or warranty, expressed 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 or 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.
 

John M. Oliveri
Trustee

ROBERT H. CAMPBELL & ASSOCIATES, LLC
Auctioneers & Appraisers
Established 1947
      410-778-4235 Chestertown
410-263-5808 Annapolis
Members:
National & Maryland Auctioneers Associations
www.CampbellAuctions.com


In Cooperation With
JAY EDWARDS & ASSOCIATES, LLC