Assignee's Sale May 15

Law Offices of Chase, Chase & Hammerschag
Attorneys at Law
1190 W Northern Parkway, Balti more, MD 21210
Assignee's Sale Of Valuable Improved Leasehold Property
The Improvements Thereon Being Known As
2026 Deering Avenue, Baltimore, Maryland 21230
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Under and by virtue of a power of sale contained in a certain mortgage from Clar ence W Belt and Janet Ruth Belt to Leo
W. Ottey Jr, Assignee, therein, dated May 11, 2006 and recorded among the Land Records of Baltimore City, Maryland in
Liber 07872, folio 0101 et. seq., default as defined in said Deed of Trust having occurred, and at the request of the party
secured thereby, the under signed Assignee will offer for sale at public auction on the steps of the Circuit Courthouse for
Baltimore City (Calvert Street Entrance), Clarence M. Mitchell, Jr. Courthouse, 100 North Calvert Street, Baltimore City,
Mary land 21202, on
Tuesday, May 15, 2018 at 10:00 a.m.
ALL THAT LOT OF GROUND situate in Baltimore City, State of Maryland, and described as follows:
Beginning for the same on the southwest side of Deering Avenue eight hundred ninety-eight feet ten inches Southeasterly
from the southeast side of Washington Boulevard eighty feet wide and at a point in line with the center of a partition wall
there situate, thence South easterly binding on the southwest side of Deering Avenue fifteen feet eight inches to a point in
line with the center of another partition wall there situate; thence South westerly to and through the center of said last
mentioned partition wall and continuing the same course one hundred feet to the northeast side of a fifteen foot alley there
situate with the use thereof and of the alleys connecting therewith in common with other; thence Southwesterly across
said alley and continuing the same course 15 feet to the southwest side thereof; thence still continuing the same course
thirty feet to intersect the southwestern most outline of the whole tract of land of which this lot ia a part; thence North
forty-five degrees twenty minutes fifty seconds West and binding on said outline fifteen feet eight inches to intersect a line
drawn Southwest erly from the place of beginning; thence Northeasterly reversing said line so drawn and binding thereon
thirty feet to the southwest side of said fifteen foot alley; thence across said alley fifteen feet to the northeast side thereof;
and thence one hundred feet to the place of beginning. The improvements thereon being known as No. 2026 Deering
Avenue; Baltimore, MD 21230-1426.
Being the same lot of ground which by Deed dated Wednesday, December 10, 1980 and recorded among the Land
Records of Baltimore City in Liber W.A. No 3990, folio 138 was granted and conveyed by Marty Lee Phelps, Sr. and
Christina May Phelps to Clarence David Belt and Janet Ruth Belt.
Together With the building and improve ments thereupon, and the rights, alleys, ways, waters, privileges, appurte nances
and advantages thereto belonging or in anywise appertaining; including all heating, gas and plumbing apparatus and
fixtures, and all rents, issues and profits accruing from the premises hereby mort gaged.
To Have And To Hold the said lots or parcels of ground with the improvements and appurtenances aforesaid, to the said
Mortgagee, subject to the payment of the Annual Rent of $90.00 payable half-yearly on May 1 and November 1 in each and
every year.
TERMS OF SALE: The Trustees reserve the unqualified right to withdraw the prem ises at any time before sale. If any
dispute arises among the bidders, the Trustees shall have the sole and final discretion either to determine the successful
bidder or to re-offer and resell the premises.
The property will be sold subject to all conditions, liens, restrictions and agree ments of record affecting same, if any.
A deposit of $7,500.00 in cash, cashier's check, certified check or some form of exchange acceptable to the Trustees is
required from the purchaser at the time of the sale. The secured party herein, if a bidder, shall not be required to post a
deposit. The balance of the purchase price, together with interest on the unpaid purchase money at the current rate
contained in the Deed of Trust Note from the date of sale to the date funds are received by the Trustees, payable in cash
within ten days of final ratification of the sale by the Circuit Court. There will be no abatement of interest due from the
purchaser in the event addi tional funds are tendered before settlement or if settlement is delayed for any reason. TIME IS
OF THE ESSENCE FOR THE PURCHASER. Adjust ment of all real property taxes, including agricultural taxes, if
applicable, and any and all public and/or private charges or assess ments, including water/sewer charges and ground rent,
to be adjusted to date of sale and thereafter assumed by purchaser. Condominium fees and/or homeowners association
dues, if any, shall be assumed by the purchaser from the date of sale forward. Cost of all docu mentary stamps, transfer
taxes and settlement expenses shall be borne by the purchaser. Purchaser is responsible for obtaining physical possession
of the property, and assumes risk of loss or damage to the property from the date of sale. If ratification or settlement is
delayed for any reason there shall be no abatement of interest. The sale is subject to post-sale audit of the status of the
loan with the loan servicer including, but not limited to, deter mination of whether the borrower entered into any
repayment agreement, reinstated or paid off the loan prior to the sale. In any such event, this sale shall be null and void,
and the Purchaser's sole remedy, in law or equity, shall be the return of the deposit without interest. Purchaser waives
personal service of any paper filed in connection with such a motion on him/herself and/or any prin cipal or corporate
designee, and expressly agrees to accept service of any such paper by regular mail directed to the address provided by said
bidder at the time of the sale. If Purchaser defaults under these terms, the deposit shall be forfeited. The Trustees may then
resell the property at the risk and cost of the defaulting purchaser. The defaulted purchaser shall not be entitled to any
surplus proceeds resulting from said resale even if such surplus results from improvements to the property by said
defaulted purchaser. If Trustees are unable to convey either insur able or marketable title, or if the sale is not ratified by the
Circuit Court for any reason, the Purchaser's sole remedy, at law or equity, is the return of the deposit without interest.
The improvements are being sold in an "AS IS" condition and without any warranties or represen tations, either expressed
or implied, as to the nature, condition or description of the improve ments, and with purchaser respon sible for any and all
housing or zoning code violations.
LEO W. OTTEY, JR
Assignee.