PUBLIC AUCTION Valuable Real Estate in Cecil County known as: 2940 Augustine Herman Hwy. Chesapeake City, MD. 21915 Auction: Saturday, July 11th. 2009 @ 10 am (Preview by Appointment or 1 Hour Prior to Auction) Owner is Re-locating and is offering 0.24 +/- Acre Lot Improved by a Dwelling Zoned Rural Res (RR). Dwelling is a Cape Cod boasting several up-dates including New Well 2 yrs. old with Water Softner, HVAC System 5 yrs. old, Updated Electric Panel, Roof 2 yrs. old, Siding and Windows 7 yrs. old, Living Room, Dining Room, Large Eat-In Kitchen with Raised Wood Stove, Driveway, Fenced Backyard, Shed. 3 Bedrooms (Two on Main Floor and 1 2nd. Floor), 1 Full Bath on Main Level. Cellar for Utilities. Tax ID # 0802008408, Liber 2463, Folio 503 Terms of Sale PUBLIC REAL ESTATE AUCTION - Great Opportunity for 1st. Time Homebuyer. Deposit Required on Day of Sale - $5,000 by Cash or Cashiers Check Only. FULL TERMS OF SALE: 10% Buyers Premium will be added to the high bid price to reflect the full contract price of the property. Balance of purchase price, to be paid at settlement by Cash or Cashier’s Check. Settlement is expected to occur no later than 30 days of the date of auction. Time Is Of The Essence. Purchaser will pay all costs of all documentary stamps, transfer taxes and recordation fees, Metropolitan taxes and fees, title examination and all costs incidental to settlement. Current year taxes to be adjusted to date of sale and assumed thereafter by purchaser. If the seller is unable to convey good and insurable title to the property, the purchaser's sole remedy in law or in equity shall be limited to the refund of the deposit, the sale shall be void and of no effect, and the purchaser shall have no further claim against the auctioneer or the seller. Non-compliance of settlement date, or above terms, will result in forfeiture of the deposit, and the property will be re-sold at the risk and cost of the defaulting purchaser. Seller reserves the right to accept and/or reject any and all bids. If buyer chooses not to use the assigned title company to this sale, a $250 Attorney Review Fee will apply. Although information is believed to be accurate, you are required to conduct your own Due-Diligence on this property. 2.5% Broker Co-operation is encouraged. Broker must register his/her bidder 24 hours prior to auction using our Broker Registration Form on our auction website www.MDAuctionSales.com