1012 N Monroe St, Baltimore, MD 21217

Description

Piel Law Firm, LLC
502 Washington Avenue, Suite 730
Towson, Maryland 21204

SUBSTITUTE TRUSTEES’ SALE
RESIDENTIAL REAL PROPERTY

1004 E. BIDDLE STREET
BALTIMORE, MARYLAND 21202

1012 N. MONROE STREET
BALTIMORE, MARYLAND 21217

2702 HARLEM AVENUE
BALTIMORE, MARYLAND 21216

2721 PRESBURY AVENUE
BALTIMORE, MARYLAND 21216

Under and by virtue of the power of sale contained in that certain Deed of Trust, Assignment of Rents and Security Agreement executed by Kenneth B. Doswell, Trustee of The Kenneth B. Doswell Trust and dated June 10, 2019, and recorded among the Land Records of Baltimore City, Maryland, at Liber 21161, folio 442 (the “Deed of Trust”), the holder of the indebtedness secured by the Deed of Trust (the “Noteholder”) having subsequently appointed Hunter C. Piel and Scott B. Wheat (collectively, the “Substitute Trustees”) as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of Baltimore City, Maryland for the purposes therein contained, default having occurred under the terms of the Deed of Trust, the Substitute Trustees will offer for sale at public auction to the highest qualified bidder on the premises of each, respective property listed above, on the date and times as follows:

1004 E. BIDDLE STREET
Thursday, May 25, 2023
at 11:30 AM

1012 N. MONROE STREET
Thursday, May 25, 2023
at 12:45 PM

2702 HARLEM AVENUE
Thursday, May 25, 2023
at 1:15 PM

2721 PRESBURY STREET
Thursday, May 25, 2023
at 1:45 PM

The fee simple or leasehold interest (as noted below) in all that real property being situate in Baltimore City, Maryland, and the improvements thereon (each, a “Property” and collectively, the “Properties”), being more particularly described in the Deed of Trust, and generally known as: (i) leasehold interest in 1004 E. Biddle Street, Baltimore, Maryland 21202, subject to the payment of annual rent of $38.00 payable half-yearly on the 1st days of January and July in each and every year; (ii) fee simple interest in 1012 N. Monroe Street, Baltimore, Maryland 21217; (iii) leasehold interest in 2702 Harlem Avenue, Baltimore, Maryland 21216, subject to the payment of annual rent of $96.00 payable half-yearly on the 8th days of February and August in each and every year; and (iv) leasehold interest in 2721 Presbury Street, Baltimore, Maryland 21216, subject to the payment of annual rent of $96.00 payable half-yearly on the 5th days of January and July in each and every year.

TERMS OF SALE: The Substitute Trustees will offer each Property for sale individually at each, respective premises at the times set forth above. A deposit in the amount of Seven Thousand Dollars ($7,000.00), payable in cash, certified check, or other form acceptable to the Substitute Trustees, in their sole and absolute discretion, will be required of the purchaser(s) of each Property at the time and place of sale. Each deposit must be increased to 10% of the purchase price within two (2) business days, and delivered to the office of the auctioneer in the same form as the initial deposit. 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 of ten percent (10%) per annum 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 any sale, such party will not be required to make a deposit or to pay interest on the unpaid purchase money. Taxes, water charges, ground rent, if any, and all other municipal charges and liens owed against the Properties shall be the sole responsibility of the purchaser(s) and shall be paid for by the purchaser(s) at settlement. The Substitute Trustees reserve the right to reject any and all bids, and to extend the time for settlement, if applicable.

The Properties will be sold in an "AS IS" condition and without any warranties or representations, ei