SUBSTITUTED TRUSTEE'S SALE
 OF

VALUABLE, IMPROVED,
FEE-SIMPLE PROPERTY
known as:

1282 MASTERS DRIVE
ARNOLD, MARYLAND 21012

          UNDER AND BY VIRTUE of the power of sale contained in an Indemnity  Deed of Trust from VERNA H. MICHIE, to Thomas G. Moore and William V. Meyers, as Trustees, and Branch Banking and Trust Company (successor by merger to Community Bank of Maryland) as Beneficiary, dated October 4, 1999, and recorded among the Land Records of Anne Arundel County, Maryland, in Liber 9444, folio 679, the holder of the indebtedness secured by the Indemnity Deed of Trust having appointed the undersigned as Substituted Trustee by instrument duly executed, acknowledged and recorded among the aforesaid Land Records, default having occurred under the terms of the Deed of Trust and at the request of the parties secured thereby, the undersigned will offer for sale at public auction

AT THE ENTRANCE OF THE COURTHOUSE
CIRCUIT COURT FOR ANNE ARUNDEL COUNTY
7 ½ CHURCH CIRCLE
ANNAPOLIS, MARYLAND 21401

FRIDAY, JANUARY 11, 2008
AT 11:00 A.M.

All that lot of ground situate in the third assessment district of Anne Arundel County, State of Maryland, and described as follows, that is to say:

Known and designated as Unit 190 in Building 29, as shown on those plats entitled, "Condominium Plat for Bay Hills Townhouses, TANGLEWOOD REGIME, Phase I", as recorded among the plat records of Anne Arundel County in Plat Book 6 at Plats 45 through 47, inclusive, and as referred to in a Declaration dated August 26, 1976 by Carlyle Limited Partnership as recorded among the Land Records of Anne Arundel County in Liber W.G.L. 2883, Folio 616, together with the undivided interest in the common elements as defined in Exhibit B to said Declaration, said percentage interest being subject to change upon expansion of the condominium regime, such right to expand having been reserved in said declaration, together with the use in common with others entitled thereto to an easement forty feet (40') wide for the ingress and egress as shown on the aforesaid plat entitled, "Condominium Plat for Bay Hills Townhouses, Tanglewood Regime, Phase I", as recorded among the said plat records of Anne Arundel County in Plat Book 6, Folio 46.

Subject to easements, restriction, and covenants of record, if any.

Tax ID: 3-078-90006856

          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.
 

          TERMS OF SALE: The advertisement, as amended or supplemented by any oral announcements during the conduct of the sale, constitutes the substituted trustee's entire statement relative to the premises described herein and the terms and conditions upon which such premises shall be offered for sale, sold or purchased. The substituted trustee reserves the unqualified right to withdraw the premises at any time prior to sale. In the event that the substitute trustee determines than any opening bid is not commensurate with the value of the premises, she may reject the same and withdraw the premises from sale. The highest bidder acknowledged by the substituted trustee shall be the purchaser. In the event of any dispute among the bidders, the substituted trustee shall have the sole and final discretion to determine the successful bidder or to then and there re-offer and resell the premises. A deposit of $14,000.00 in cash, certified check or other instrument acceptable to the undersigned, in the sole and absolute exercise of her discretion, will be required from the purchaser at the time of sale. The balance of the purchase price, together with interest on such balance at the rate of twelve percent (12%) per annum from the date of sale to the date of settlement, is to be paid in cash or equivalent current funds on the date of settlement. If the party secured by the trust is the purchaser at the sale, they shall not be required to post a deposit.
 

          ALL state and local real estate taxes and other public charges, regular and special assessments and the like shall be the responsibility of the purchaser, including all back real estate taxes and charges associated with redemption. All state and local transfer taxes, documentary stamps, recording taxes and fees shall be paid by the purchaser. Costs of title examination and all other costs incident to the settlement of whatsoever kind or amount shall be paid by the purchaser.
 

          Settlement and compliance with the terms of sale shall be made within fifteen (15) days following ratification of the sale by the Circuit Court of Anne Arundel County, Maryland, time being of the essence. Otherwise, in addition to any other remedies available to the undersigned at law or in equity, the undersigned may, at her election, declare the deposit forfeited and resell the property at the risk and cost of the defaulting purchaser, and in such event the defaulting purchaser shall be liable for payment of any deficiency plus any costs and expenses of the subsequent sale.

                                                                                                 AMY E. BETTWY
                                                                                                 Substitute Trustee

For further particulars, apply to:

                                                C. Edward Hartman, III
                                                Hartman and Egeli, LLP
                                                116 Defense Highway, Suite 300
                                                Annapolis, Maryland 21401
                            Telephones: (410) 266-3232 Annapolis
                                                (410) 841-6000 Baltimore
                                                (301) 261-8800 Washington

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