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SUBSTITUTE TRUSTEES' SALE OF REAL PROPERTY IN "NEW MARKET"
81 W. Main St., New Market, MD 21774
Sale to be held on the premises
The Property is generally known as 81 West Main Street, New Market, Maryland 21774 and is believed to house a restaurant known or formerly known as Mallards. The structure on the Property is believed to be approximately 4,601 square feet. The Property is also believed to have living quarters above the restaurant. The Property has the following Tax ID Number: 09-238689.
Summary terms of sale: A deposit in the amount of Twenty Five Thousand Dollars ($25,000.00), payable in cash, certified check or other form acceptable to the Trustees, will be required of the purchaser(s) at the time and place of sale. The balance of the purchase price, together with interest thereon at the rate of ten percent (10%) per annum from the date of sale to the date of settlement, shall be due from the purchaser(s) in cash or by certified check within twenty (20) days following final ratification of the sale by the Circuit Court for Frederick County, Maryland. Time is of the essence. If ratification or settlement is delayed for any reason there shall be no abatement of interest. Settlement shall be held at the offices of Gebhardt & Smith LLP, One South Street, Suite 2200, Baltimore, Maryland 21202, or such other place as may be agreed to by the Trustees. The Trustees reserve the right to extend the time for settlement at their discretion. In the event the Noteholder, or an affiliate or subsidiary 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 price. The Trustees reserve the right to reject any and all bids.
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Note: The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.
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