Law Offices of Funk & Bolton, P.A.
100 Light Street, Suite 1400, Baltimore, Maryland 21202
SUBSTITUTE TRUSTEE’S SALE OF VALUABLE COMMERCIAL REAL ESTATE PROPERTIES (KNOWN AS)
822 West Main Street, and Broad Street, Crisfield, Maryland 21817
Under and by virtue of the power of sale contained in that certain Indemnity Deed of Trust from Mark W. Good (“Grantor”) to Victor H. Laws, III and Donna K. Defino, Trustees, dated June 26,
2015, and recorded among the Land Records of Somerset County, Maryland, at Liber 0902, folio 466 (the “Deed of Trust”) which Deed of Trust was assigned to Charles H. Dolbey by Hebron Savings
Bank pursuant to an Assignment of Indemnity Deed of Trust and Assignment of Assignment of Rents and Leases dated May 30, 2025, and recorded among the Land Records of Somerset County,
Maryland, at Book 1407, page 46 which Deed of Trust was then collaterally assigned to Hebron Savings Bank by Charles H. Dolbey by an Assignment of Indemnity Deed of Trust and Assignment of
Assignment of Rents and Leases dated May 30, 2025, and recorded among the Land Records of Somerset County, Maryland, at Book 1407, page 48, the holder of the indebtedness secured by said
Deed of Trust (the “Noteholder”) having subsequently appointed Eric S. Schuster and Bradley J. Swallow as Substitute Trustees in the place of the former trustees by instrument duly executed,
acknowledged, and recorded among the Land Records of Somerset County, Maryland, default having occurred under the terms of the Deed of Trust and at the request of the parties as secured
thereby, the undersigned Substitute Trustees (the “Trustees”) will offer for sale at public auction on the steps of the Circuit Court for Somerset County, Maryland, 30512 Prince William Street, Princess
Anne, Maryland 21853 on:
June 30, 2025 at 10:00 a.m.
ALL OF THAT real properties and the improvements thereon being situated in Somerset County, Maryland (the “Properties”) and being more particularly described in the aforesaid Deed of Trust, a
copy of which may be obtained from the Substitute Trustees.
The Properties are believed to contain the following:
a. A boatyard/marine facility situated on approximately 1.52 acres believed to be improved by a mixed-use building with Tax ID# 07-128665 (“Parcel One”); and
b. A parcel of land containing approximately .172 acres with Tax ID# 07-113676 (“Parcel Two”).
Each of the two (2) Parcels shall be offered separately with the bids reserved. Thereafter the two (2) Parcels shall be offered as an entirety, with the sale being made in the manner producing the
highest price. For: (a) Parcel One, a deposit payable by certified check or cashiers’ check, in the amount of Forty Thousand Dollars ($40,000.00) will be required of the Purchaser at time and place of
sale; (b) Parcel Two, a deposit payable by certified check or cashiers’ check, in the amount of Three Thousand Dollars ($3,000.00); and (c) a deposit of Forty-Three Thousand Dollars ($43,000.00) for
all two (2) Parcels as an entirety. The deposits must be increased to 10% of the purchase price within 2 business days after sale and delivered to the office of auctioneer in the same form as the
initial deposits. The balance of the purchase price shall be due in cash or by certified check with interest on the unpaid balance of the purchase price at the rate provided in the Promissory Note
executed in connection with the Deed of Trust from the date of sale to and including the date of settlement. In the event the Noteholder, or an affiliate thereof, is the successful bidder at the sale,
such party will not be required to make a deposit or to pay interest on the unpaid purchase money.
Taxes, ground rent, water rent, condominium fees and/or homeowner association dues, all public charges/assessments payable on an annual basis, including sanitary and/or metropolitan district
charges, if applicable, shall be the responsibility of the purchaser(s) and shall be paid by the purchaser(s) at settlement. The cost of all documentary stamps, recordation taxes, document preparation,
and transfer taxes is to be paid by the purchaser(s). The Trustee reserve the right to reject any and all bids and to extend the time for settlement, at their discretion.
The Properties will be sold in an “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition, or description of the improvements. In
addition, the Properties will also be sold subject to all existing housing, building, and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and
violations which may exist with respect to the Properties, and subject to all matters and restrictions of record affecting the same, if any. The purchaser(s) at the foreclosure sale shall assume the risk
of loss for the above-referenced Properties immediately after the sale takes place. It shall be the purchaser(s)’ responsibility to obtain possession of the Properties following ratification of its sale by
the Circuit Court for Somerset County, Maryland, and conveyance of the Properties by the Trustees to the purchaser(s).
The Properties will be sold subject to all senior liens and encumbrances that are not extinguished by operation of law or by the foreclosure sale of the Properties and subject to all easements,
conditions, restrictions, rights of redemption, covenants, such state of facts that an accurate survey or physical inspection of the Properties might disclose, and agreements of record affecting the
Properties.
The purchaser(s) shall pay at settlement all state and local transfer taxes, documentary stamps, recordation taxes and fees, title examination costs, attorneys’ fees, conveyance fees, and all other
incidental settlement costs. The purchaser(s) shall settle and comply with the terms of sale within twenty (20) days following the final ratification of the sale by the Circuit Court for Somerset County,
Maryland, unless said period is extended by the Trustees for good cause shown. Time is of the essence. Settlement shall be held at the offices of Funk & Bolton, P.A., 100 Light Street, Suite 1400,
Baltimore, Maryland 21202.
In the event the purchaser(s) fail to go to settlement as required, in addition to any other legal or equitable remedies available to them, the Trustees may, without further order of the court, declare
the aforementioned deposit forfeited and re-sell the Properties at the purchaser(s)’ risk and expense. In such event, the defaulting purchaser(s) shall be liable for the payment of any deficiency in the
purchase price, all costs and expenses of both sales, reasonable attorneys’ fees, all other charges due, and incidental damages. In the event the resale of the Properties results in a sale in excess of
the amount originally bid by the defaulting purchaser, the defaulting purchaser waives any and all claims, rights, and interest in any such excess amounts and shall not be entitled to any distribution
whatsoever from the resale proceeds. The parties’ respective rights and obligations regarding the terms of sale and the conduct of the sale shall be governed by and interpreted according to the laws
of the State of Maryland.
If the Trustees are unable to convey the Properties as described above, the purchaser(s)’ sole remedy at law or in equity shall be limited to the refund of the aforementioned deposit, without
interest thereon. Upon refund of the deposit to the purchaser(s), the sale shall be void and of no effect, and the purchaser(s) shall have no further claim against the Trustees or the Noteholder.
The information contained herein was obtained from sources deemed to be reliable, but is offered for informational purposes only. The Auctioneer, the Noteholder, and the Trustees do not make
any representations or warranties with respect to the accuracy of this information.
Eric S. Schuster and Bradley J. Swallow, Substitute Trustees
For Further Information, Contact: Eric S. Schuster, Esquire
Funk & Bolton, P.A., 100 Light Street, Suite 1400, Baltimore, Maryland 21202
410.659.4983
PETE RICHARDSON AUCTION SALES
24237 CT 6/11,18,25/2025
Public Notice