BRADFORD I. WEBB, ASSIGNEE
MICHAEL S. LEVIN, ASSIGNEE
ASSIGNEES' SALE
OF A
SINGLE-FAMILY DWELLING
127 Gold Rush Lane Hurlock,
Maryland 21643
Under and by virtue of the power of sale contained in a certain Mortgage from Charles T. Cephas and Ruth V. Seth f/k/a Ruth V. Cephas to Farmers Home Administration n/k/a/ Rural Housing Service, U. S. Department of Agriculture dated September 16, 1980 and recorded in Liber 212, Folio 461 among the Land Records of Dorchester County, Maryland, the holder of the indebtedness secured by a Mortgage assigned to Bradford I. Webb and Michael S. Levin, Assignees by instrument duly executed, acknowledged and recorded among the Land Records of the County aforesaid, default having occurred under the terms thereof an Order to Docket having been filed at Case No. 99-9720 and at the request of the parties secured thereby, the undersigned Assignees will offer for sale at public auction
AT THE DORCHESTER COUNTY CIRCUIT COURT
ON FRIDAY, NOVEMBER 2, 2001 AT 9:30 AM
ALL THAT LOT OF GROUND AND THE IMPROVEMENT'S THEREON situated in Dorchester County, Maryland and described as follows:
Lot 8, "Prospect Heights Subdivision". ALSO see metes and bounds description set forth in the Mortgage recorded among the Land Records of Dorchester County in Liber 212, page 461 et seq.
The property is improved by a dwelling. In fee-simple.
The property and improvements will be sold in an "AS IS" condition and subject to conditions, restrictions and agreements of record affecting same, including building and/or environmental violations, if any, with no warranty, expressed or implied as to the description or condition of the property or improvements.
TERMS OF SALE: A cash deposit, certified check or other method of payment acceptable to Assignees, for Five Thousand Dollars ($5,000.00) at the time of sale will be required of all purchasers other than the mortgage holder. Balance of the purchase price is to be paid in cash within ten (10) business days of the final ratification of sale by the Circuit Court for Dorchester County. If payment of the balance does not take place within ten (10) business days of ratification, the deposit will be forfeited and the property will be resold at the risk and expense of the defaulting purchaser. Unless purchased by the mortgage holder, interest will be paid on unpaid purchase money at the rate of interest set forth in the note from date of sale to date of settlement. Taxes, water rent and ground rent, if any, to be adjusted to date of sale. All other public charges and assessments payable on an annual basis to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. Cost of all documentary stamps and transfer taxes shall be borne by the purchaser. Purchaser shall be responsible for removing anyone in possession of the premises.
If Assignees are unable to convey good and marketable title, the purchaser's sole remedy in law or in equity shall be limited to a refund of the deposit. Upon refund of the deposit, the sale shall be void and of no effect, and the purchaser shall have no further claim against the Assignees.
For further information contact Rural Development, USDA at (410) 479-1202.
BRADFORD I. WEBB, Assignee
MICHAEL S. LEVIN, Assignee
Telephone Number: [410] 848-8888
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