SUBSTITUTE TRUSTEES’ SALE
OF VALUABLE IMPROVED RESIDENTIAL/
AGRICULTURAL (POULTRY) REAL ESTATE
commonly known as 22535 Tanyard Road, Preston, Caroline County, Maryland
SOLD $210,000.00 SOLD
Under and by virtue of the power and authority contained in a Deed of Trust from Scott E. Frase and Holly D. Frase dated December 11, 2007 and recorded at Liber 795, folio 130 in the Caroline County Land Records, default having occurred under the terms thereof, the holder of the indebtedness secured by the Deed of Trust having appointed Alexis E. Kramer and William C. Chapman as Substitute Trustees by instrument duly executed, acknowledged and recorded among the Land Records of Caroline County, the undersigned Substitute Trustees, will sell at public auction, at the Caroline County Circuit Courthouse door, 109 Market Street, Denton, Maryland on:
December 2, 2021 at 2:00 p.m.
ALL that piece or parcel of land situate, lying and being on Tanyard Road in the Fourth Election District for Caroline County, Maryland and being more fully described as follows:
BEGINNING at the easterly corner of this parcel on the southwesterly sideline of Tanyard Road (30 ft. wide) at the division line for this parcel and the land now or formerly of William H. Dyott (Liber No. 111 folio 454) thence (1) with the southwesterly sideline of Tanyard Road north 23 degrees 10 minutes 55 seconds west 450 feet to an iron rod set at the reserved lands of the heirs of Emil G. Frase (Liber No. 133, folio 280); thence (2) with the aforementioned reserved lands of the heirs of Emil G. Frase south 51 degrees 45 minutes west 674.58 feet to an iron rod set at the land now or formerly of Carl E. Ewing (Liber No. 182, folio 632); thence (3) with the aforementioned land of Ewing south 38 degrees 30 minutes east 41.82 feet to a stone found at the aforementioned land of Dyott; thence, with the aforementioned land of Dyott the following two courses and distances: (4) south 37 degrees 30 minutes east 392.74 feet to a stone found; (5) passing through a marked large pine tree at 19.02 feet and over a concrete monument set at 552.55 feet north 51 degrees 45 minutes east 562.55 feet to the southwesterly sideline of Tanyard Road and the point of beginning, containing 6.167 acres of land, more or less, as shown on a plat entitled A Map Showing Parcel of Land Fourth Election District, Caroline County, Maryland Surveyed for Emil G. Frase, Jr. Scale 1" to 100', dated October, 1978 and recorded in Plat File No. 8, Plat No. 566, a Plat Record for Caroline County, Maryland.
TERMS OF SALE: A cash deposit or certified funds of $25,000.00 shall be paid at the time and place of sale, balance in cash at settlement, which shall be 20 days after final ratification of the sale by the Circuit Court for Caroline County, unless said period is extended by the Substitute Trustees for good cause shown, time being of the essence; interest at the rate of 6% per annum shall be paid on the unpaid purchase price from date of sale to date of settlement. Purchaser shall be responsible for obtaining physical possession of the property. Purchaser assumes the risk of loss or damage to the property from the date of sale forward. If the Substitute Trustees are unable to convey good and merchantable title, purchaser’s sole remedy shall be limited to a refund of the deposit and cancellation of the sale. In the event the purchaser fails to go to settlement as required, the property will be resold at purchaser’s risk and expense. Purchaser consents to the personal jurisdiction of the Maryland Courts. The property is sold in an "AS IS" condition and subject to covenants, conditions, easements, declarations, restrictions, by-laws and plats, and utility agreements of record, if any, affecting the property.
Taxes shall be prorated as of the date of sale and assumed thereafter by the purchaser. All other outstanding public charges or public assessments, including but not limited to water, rent, front foot benefit, condominium fees, sewer, sanitary and/or City, County or Town charges, as well as any tax sale amounts, costs and/or attorney’s fees, shall be paid by purchaser whether incurred prior to or after the sale. All quantities of land are "more or less," without survey or warranty. Information contained herein is believed accurate but is without warranty. Costs of any agricultural taxes and all recording fees, transfer taxes, document preparation and title examination and insurance shall be borne by purchaser, i.e., contrary to those provisions of the Maryland law which would, in the absence of this stipulation, require that recording and transfer taxes be divided equally between the seller and the buyer. Purchaser agrees to pay a reasonable fee for any other services rendered by seller’s attorney at the request of purchaser or due to purchaser’s failure to comply with the terms of the sale.
The Substitute Trustees reserve the right (i) to waive or modify the deposit requirement; (ii) to approve the creditworthiness of any bidder or final purchaser; (iii) to withdraw all or part of the property from sale at any time prior to the termination of bidding; (iv) to keep the bidding open any length of time; (v) to reject any or all bids; and (vi) to postpone the sale, all as the Substitute Trustees may determine in their sole discretion.
Alexis E. Kramer
William C. Chapman
Substitute Trustees
410-822-1988
A. Curtis Andrew, Auctioneer
A. Curtis Andrew Auction, Inc.
(410) 754-8826
Advertise on: November 12, 19 and 26
Y:\Banking\Mid Atlantic Farm Credit\Frase (palmer)\Foreclosure\Advertisement of Sale.wpd
Live Auction: No Online Bidding
