SUBSTITUTED TRUSTEE’S SALE
 OF

VALUABLE, IMPROVED,
FEE-SIMPLE PROPERTY
Known as

121 Justin Buch Drive,
Chestertown, Maryland 21620
 

Under and by virtue of the power of sale contained in a Deed of Trust dated February 28, 2005, from Sandra Denise Turner and David Scott Turner to Debbie Marsteiner and Patricia Harvey, as Trustees, and SunTrust Bank, as Beneficiary, recorded among the Land Records of Queen Anne’s County, Maryland, in Liber 1384, folio 393, which was given to secure a loan on the real property described therein, and default having occurred under the terms and conditions thereof, the undersigned Trustee will sell at public auction

at the main entrance of the Courthouse
for the Circuit Court for Queen Anne’s County,
100 Court House Square, Centreville, Maryland,
on
 

MONDAY, FEBRUARY 11, 2008
 AT 10:30 AM
 

All that property situate in QUEEN ANNE’S County, State of Maryland described as:
 

ALL THAT PIECE OR PARCEL OF LAND identified as Lot 9, containing 1.189 acres, more or less, on a plat entitled “Boundary Line Adjustment Plat of The Lands of Leonard Caldwell”, dated August 21, 1989, and recorded among the Plat Records of Queen Anne’s County in Plat Book M.W.M. No. 14, folio 13.
 

SUBJECT TO a grant of Easement from Justin G. Buch and Alice M. Buch, his wife, to Chester Harbor, Inc., dated September 8, 1971, and recorded among the Land Records of Queen Anne’s County, Maryland, in Liber C.W.C. NO. 58, folio 215.
 

ALSO SUBJECT TO the Covenants and Restrictions contained in a Confirmatory Deed dated July 26, 1952, and recorded among the Land Records of Queen Anne’s County in Liber T.S.P. No. 9, folio 76, between Stephen R. Collins, et al. and Dr. Charles B. Clark, et al.
 

ALSO SUBJECT TO the conditions and restrictions contained in a Deed dated November 6, 1948, and recorded among the Land Records of Queen Anne’s County in Liber N.B.W. No. 2, folio 162, between Stephen R. Collins and to Justin G. Buch and wife.
 

ALSO SUBJECT TO all matters as set forth on the Plat entitled “Boundary Line Adjustment Plat of The Lands of Leonard Caldwell”, dated August 21, 1989, and recorded among the Plat Records of Queen Anne’s County in Plat Book M.W.M. No. 14, folio 13.
 

The property will be sold in “as is” condition, subject to any and all covenants, conditions, restrictions, easements, rights of redemption and other encumbrances, whether or not of record, and with no warranties.
 

Terms of Sale: A deposit of Five Thousand Dollars ($5,000.00) will be required of the purchaser in the form of certified or cashier’s check on the day of sale.  The Beneficiary of the Deed of Trust, if a bidder, shall not be required to make a deposit.  The property is being sold subject to an existing first mortgage in favor of Indymac Bank, F.S.B., having an original principal balance of $173,000.00, which the successful bidder will pay in full at settlement.  Interest at the rate of ten percent (10%) per annum 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 fifteen (15) days of final ratification of the sale by the Circuit Court for Queen Anne’s County, time being of the essence. If compliance with the terms of sale does not take place within fifteen (15) days after final ratification, the deposit shall be forfeited and the property resold at the risk and expense of the defaulting purchaser. All past due property taxes shall be paid by the purchaser.  All other public charges or assessments, including water and sewer charges, ground rent, condominium/HOA dues, whether incurred prior to or after the sale, shall be paid by the purchaser.  The costs of all recordation and transfer taxes, any agricultural use or transfer tax, and any and all other settlement costs incident to the recording of the deed to the purchaser shall be borne by the purchaser.
 

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 substitute trustee’s deed, without covenant or warranty, express 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 and 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.
 

MATTHEW A. EGELI,
Substitute Trustee

ROBERT H. CAMPBELL & ASSOCIATES, LLC
Auctioneers & Appraisers
Established 1947
      410-778-4235 Chestertown
410-263-5808 Annapolis
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Anne Arundel Co. License Nos.
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