TRUSTEE’S SALE
Of

VALUABLE IMPROVED
CONDOMINIUM REAL ESTATE
known as

484 Norvelle Court
Glen Burnie, MD 21061
 

            Under and by virtue of a Decree for Sale of Premises by the Circuit Court for Anne Arundel County, MD dated October 2, 2007, in a case captioned Council of Unit Owners of Elvaton Towne Condominium, Regime Two v. Michael Rosskopf (Case No. C-07-125872) 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 484 Norvelle Ct., Glen Burnie, MD 21061, on
 

THURSDAY, DECEMBER 6, 2007
AT 11:30 O'CLOCK A.M.

          ALL THAT property situated in Anne Arundel, Maryland and described as follows:
 

BEING KNOWN AND DESIGNATED AS Condominium Unit No. 5-20-5, being unit 5 in Building 20 of Phase 5, ELVATON TOWNE CONDOMINIUMS, Regime Two as said unit and said Condominium Regime are established pursuant to the Declaration for ELVATON TOWNE CONDOMINIUM Regime Two dated May 27, 1975, and recorded among the Land Records of Anne Arundel County respectively in Liber WGL No. 2764, folios 78, et seq., and 103, et seq., and as amended by Amendments duly recorded among the aforesaid Land Records and as shown on the Condominium Plats entitled, Condominium Plat for ELVATON TOWNE CODOMINIUMS, Regime Two, Phase 5", which Plats are recorded as aforesaid in Condominium Plat Book E-7, pages 16 thru 20, inclusive. The improvements thereon being known as 484 Norvelle Court, Glen Burnie, Maryland 21061.
 

SUBJECT TO AND TOGETHER WITH an undivided percentage interest in the common elements, common expenses and common profits of the Condominium Regime as is appurtenant to said unit according to the provisions of the abovesaid Declaration and By-Laws as well as all recorded Amendments thereto, and subject to all easements, covenants and restrictions of record.
 

The subject property is being sold subject to a Purchase Money First Deed of Trust in favor of First Franklin Finiancial Corp., an Op. Sub. of MLB&T Co., FSB, assigned in the same Mortgage to Electronic Registration Systems, Inc., dated February 9, 2007, and recorded among the Land Records of Anne Arundel County, MD in Book 18802, page 412 in the original amount of $193,200.00; and a Secondary Lien Deed of Trust in favor of First Franklin Finiancial Corp., an Op. Sub. of MLB&T Co., FSB, assigned in the same Mortgage to Electronic Registration Systems, Inc., dated February 9, 2007, and recorded among the Land Records of Anne Arundel County, MD in Book 18802, page 431, in the original amount of $48,300.00. The exact balances of which, if known, shall be announced at the time and place of auction.
 

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% 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 Anne Arundel County, 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. 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
 

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