TERMS OF SALE: Inspect During Daylight Hours. 5% Buyer’s Premium Down Payment Due on day of Sale in cash, Certified Check or Cashier’s Check or check acceptable by the undersigned, with a balance to be paid within 45 days. Internet Fees Apply. Time is of the essence. Credit portion to bear interest at the rate of 0% per annum from the date of sale to date of settlement, and to be secured to the satisfaction of the undersigned, or to pay the full purchase price at the time of sale, at the option of the purchaser. If not settled within 45 days interest shall be charged at the rate of 15% per annum from the date of sale to the date of settlement. In the event settlement does not occur before 75 days, the down payment shall be considered forfeited and the property will be resold at the expense and risk of the purchaser. The resale of the property does not limit the seller to further avail themselves of any additional legal or equitable remedies resulting from the failure to consummate the purchase. Time is of the essence. State and County and municipal taxes and assessments to be adjusted as of the date of the sale. All Title papers, documentary stamps, recording costs and any and all other costs which shall be deemed necessary to transfer the title of the property and put the deed on record shall be at the expense of the purchaser. The purchaser assumes the payment of the Agricultural transfer tax, if any. In the event a survey or an Alta survey is necessary for the buyer to go to settlement, the cost of this survey shall be at the buyer’s expense and the buyer will be held responsible to go to settlement within the terms and conditions of the sale. The seller will convey good and marketable title or such title as can be insured by a title insurance company licensed in the State of Maryland. In the event the title insurance company charges a special premium, that cost shall be borne by the seller. In the event a good & marketable title or special insured title cannot be delivered the seller(s) shall have 90 days from the date of notification from the buyer to correct the flaw. If the flaw is not corrected the only recourse of the purchaser shall be the return of the down payment and the seller and the auctioneer shall be held harmless. Any and all other cost of settlement and transfer of the title shall be paid by the buyer. This property is being sold in “AS IS” condition. Neither the sellers nor the Auctioneer shall accept any responsibility for any Municipal, State or Federal Environmental Violations, to our knowledge none exist at this time. The Seller makes no warranty of any kind whatsoever regarding the physical condition, physical description or suitability for a particular or general purpose, either expressed or implied. All information offered has been obtained by sources deemed reliable. Neither Seller nor Auctioneer accepts any responsibility for inaccuracies. The Seller may reject any and all bids, however, it is the intent of the Seller to sell said property. The auctioneer reserves the right to deny a specific individual or group the right to bid. All information in this ad has been obtained from sources deemed to be reliable. However, neither the sellers nor the auctioneer accept any responsibility for any inaccuracies
The Buyer will be required to sign a contract of sale. The amount of the contract shall be for the bid price plus the buyer’s premium. This amount will become the purchase price. The buyer shall also be required to sign a confessed judgment note for the amount of the purchase price less the down payment. The contract and note shall be signed personally by the Buyer, unless the Seller and Auctioneer agree to a different arrangement prior to the sale. The Buyer may sign the contract note personally as well as Corporately, LLC or Partners. Each entity shall be responsible for the full amount of the debt. Purchasers may reassign the contract, however, reassignment does not release them from liability. Online Bidding Available at www.proxibid.com. See www.proxibid.com for online bidding terms.
7 SOMERSET COUNTY PROPERTIES
THE FOLLOWING ITEMS ARE TO BE SOLD REGARDLESS OF PRICE:
ITEM #1 30427 Roberts Street
In City of Princess Anne – 4.742 Acres
This parcel has development potential
Tax Account 01-007254 Tax Map 200 Parcel 95
Down Payment: $1,500 Day Of Sale
ITEM #2 Millard Long Road
This Item consists of 3 parcels, all adjoining
Totaling 28.25 Acres All Woodland
Great Hunting Possible Timber Sale In Future
Tax Account 13-003025 Tax Map 31 Parcel 86 – 15 Acres
Tax Account 13-003033 Tax Map 31 Parcel 86 – 6.5 Acres
Tax Account 13-003041 Tax Map 31 Parcel 86 – 6.75 Acres
Down Payment: $3,000 Day Of Sale
ITEM #3 East Ridge Road
This item consists of 2 parcels totaling 25.20 Acres
These parcels will be offered separate & together
and then sold in the manner which
produces the highest amount
Wooded parcels
#3A: Tax Account 01-007327 Tax Map 15 Parcel 128 – 16.887 Acres Adjoins Parcel 127
#3B: Tax Account 01-007319 Tax Map 15 Parcel 127 – 8.321 Acres Fronts East Ridge Road
Down Payments: #3A $2,000 Down, #3B $1,500 Down Day Of Sale
ITEM #4 Route 13 & Fortune Lane Near Westover
This unimproved parcel has access by Fortune Lane
to Route 13 & Contains 1.310 Acres
Tax Account 13-003076 Tax Map 41 Parcel 121
Down Payment: $1,000 Day Of Sale
ITEM #5 River Road East Side of Manokin Road
Contains 8 acres and is all woodland
Great hunting & possible building site- timber value
Tax Account 13-004714 Tax Map 40 Parcel 103
Down Payment: $2,000 Day Of Sale
ITEM #6 South East Side of Route 13 west of Princess Anne
This parcel contains 1.86 acres of land
Access is by right of way from Somerset Ave
This parcel is not in the Princess Anne Town Limits
Billboards Permitted
Tax Account 01-023632 Tax Map 9 Parcel 150
Down Payment: $1,000 Day Of Sale
ITEM #7 Route 13 Ocean Highway Just North of Manokin Creek
An 8.76 acre parcel that has some tillable land
Operator drives in from Route 13
Tax Account 01-007335 Tax Map 15 Parcel 300
Down Payment: $1,500 Day Of Sale
TO BE SOLD AT UNRESERVED AUCTION
SATURDAY, OCTOBER 28
1:00 AM
TO BE HELD: AMERICAN LEGION POST 94
30782 W POST OFFICE ROAD
PRINCESS ANNE, MD 21853
LIVE AND ONLINE ESTATE AUCTION
5% BUYER'S PREMIUM