UNRESERVED REAL ESTATE AUCTION

TERMS. 3% Buyer’s Premium $7,500 Down 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. 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 6% per annum from the date of sale to the date

of settlement. In the event settlement does not occur before 60 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 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 shall be at the

expense of the purchaser. 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. 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.