SUBSTITUTED TRUSTEE'S SALE OF

VALUABLE, IMPROVED, FEE-SIMPLE PROPERTY 
known as:

3028 TRAYMORE LANE
BOWIE, MARYLAND 20715
 

          UNDER AND BY VIRTUE of the power of sale contained in a Deed of Trust from SEBASTIAO R. NETO and TATIANA PESSOA, to George H. Mantakos and Robert P. Warr, as Trustees, and 1st Mariner Bank as Beneficiary, dated May 27, 2005, and recorded among the Land Records of Prince George's County, Maryland, in Liber 22776, folio 546, the holder of the indebtedness secured by the 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 PRINCE GEORGE'S COUNTY

14735 MAIN STREET
UPPER MARLBORO, MARYLAND 20772

specifically at the secured entrance of the parking garage that is immediately next to the Bourne Wing/Commissioner's entrance, designated by the presence of the picnic table
 

TUESDAY, SEPTEMBER 11, 2007
AT 11:00 A.M.
 

All that piece or parcel of land situate in PRINCE GEORGE'S COUNTY, Maryland, and described as follows: to wit:
 

Lot Numbered Eight (8) in Block numbered One Hundred Twenty-seven (127) in the subdivision known as "SECTION THIRTY-EIGHT (38) TULIP GROVE AT BELAIR", in Prince George's County, Maryland as per plat thereof recorded in Plat Book WWW 44 at Plat 49, of the Land Records of said Prince George's County, Maryland.

TOGETHER WITH all and singular the ways, easements, rights, and privileges and appurtenances to the same belonging or in anywise appertaining, and all the estate, right, title, interest, and claim either at law or in equity or otherwise, however, of the said parties of the first part, of, in, to, or out of the said land and premises; subject to all easements, covenants and restrictions of record.

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

Tax ID: 07-0710913

          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 $25,000.00 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 Prince George's 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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