THE AUCTION CO. RECEIVED WORD TODAY MONDAY MAY 30th, 2022 THAT THIS AUCTION HAS BEEN CANCELLED. WE DO NOT HAVE ANY ADDITIONAL INFORMATION.

Law Offices of
CIPRIANI & WERNER, P.C.
6411 Ivy Lane, Suite 600
Greenbelt, Maryland 20770
SUBSTITUTE TRUSTEES’
SALE OF VALUABLE
REAL PROPERTY
LOCATED IN
WORCESTER COUNTY,
MARYLAND,
GENERALLY
KNOWN AS
2 DORCHESTER STREET,
CONDO UNIT 711
BELMONT TOWERS,
OCEAN CITY, MARYLAND
21842

Under and by virtue of the
power of sale contained in
that certain Indemnity Deed
of Trust, dated November
24, 2014, executed and delivered
by Todd E. Spahr
and Tessa M. Spahr (collectively,
the “Grantors”) to the
trustee named therein and
recorded among the Land
Records of Worcester
County, Maryland, in 6472,
folio 114 (the “Deed of
Trust”), the holder of the indebtedness
secured by said
Deed of Trust (the “Noteholder”)
having subsequently
appointed Jason W.
Hardman and Paul J. Cohen
as Substitute Trustees
under the Deed of Trust, by
Deed of Appointment of
Substitute Trustees, dated
May 5, 2021, and recorded
among the Land Records of
Worcester County, Maryland
in Liber 8221, folio 283, default
having occurred under
the terms of said Deed of
Trust and at the request of
the party secured thereby,
the undersigned Substitute
Trustees (collectively, the
“Trustees”) will offer for sale
to the highest qualified bidder
at a public auction to be
held AT THE COURT HOUSE
ENTRANCE OF THE CIRCUIT
COURT FOR
WORCESTER COUNTY, AT
THE COURT HOUSE STEPS,
LOCATED AT ONE WEST
MARKET STREET, SNOW
HILL, MARYLAND 21863,
ON:

Tuesday, May 31, 2022,
at 10:30 a.m.

ALL that property lying and
being situate in Worcester
County, Maryland, and any
improvements thereon, and
being more particularly described
as follows (the
“Property”):

ALL that property situate,
lying and being in the Town
of Ocean City, in the Tenth
Election District of Worcester
County, Maryland, described
as Condominium
Unit No. 711 in Phase Two in
the “Belmont Towers Residential
Condominium”, together
with an undivided
percentage interest in the
common elements thereof,
as established pursuant to a
Condominium Declaration
(including By-Laws) dated
May 24, 2007, and recorded
among the Land Records of
Worcester County, Maryland,
in Liber S.V.H. No.
4933, folio 287, et. seq., as
amended; and pursuant to
the several plats described
in said Declaration and
recorded as aforesaid in Plat
Book S.V.H. No. 218, folio 7,
et seq., as amended.

BEING the same and all the
land conveyed by and described
in a Deed dated October
17, 2012 from John E.
Billheimer and Patricia C.
Billheimer to Todd E. Spahr
and Tessa M. Spahr and
recorded among the Land
Records of Worcester
County, Maryland, in Liber
No. 06000, folio 00474.

The Property is believed to
be a 1,474 +/- square foot
condominium unit located
on the seventh floor of the
Belmont Towers Residential
Condominium building (the
“Building”) in Ocean City,
Maryland. The Property is
believed to contain 3 bedrooms,
2.1 bathrooms, a living
room, a kitchen, central
air conditioning, an outdoor
balcony, and views of the Atlantic
Ocean and Assateague
Island. The
Property is also believed to
have access to certain common
elements of the Building,
including an elevator,
pool, and fitness room. The
Property is also believed to
be served by, or to have access
to, adequate parking
and public water, sewer,
telephone and electric. According
to public tax
records, the Property has
been assigned the following
address and tax identification
number: 2 Dorchester
Street, Condo Unit 711,
Ocean City, Maryland 21842
(Tax Account Number 10-
758017).

TERMS OF SALE: A deposit
in the amount of Twenty
Thousand Dollars
($20,000.00), payable in
cash, certified check (made
payable to “Cipriani &
Werner, P.C.”) or other form
acceptable to the Trustees,
will be required from the
successful bidder (the “Purchaser”)
at the time and
place of sale. The Purchaser
shall be required to increase
the amount of the deposit to
ten percent (10%) of the successful
bid amount within
seven (7) calendar days of
the date of the sale by delivering
to the Trustees certified
funds in the amount
necessary to increase the
deposit amount as required
above, unless said period is
extended by the Trustees for
good cause shown. The
Trustees will require all potential
bidders to qualify
prior to the commencement
of bidding by showing evidence
of their ability to deliver
the required deposit at
the time of the sale. The balance
of the purchase price,
together with interest on the
unpaid balance of the purchase
price from the date of
sale to and including the
date of settlement, shall be
due at settlement in cash or
by cashier’s check. Interest
shall accrue 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.
If settlement is
delayed for any reason,
there will be no abatement
of interest. In the event the
Noteholder, or an affiliate or
subsidiary of the Noteholder,
is the successful
bidder at the sale, such
party will not be required to
tender a deposit to the
Trustees or to pay interest
on the unpaid purchase
money. Taxes, water and all
other municipal charges and
liens owed against the Property
that are not otherwise
extinguished as a matter of
law as a result of the foreclosure
sale shall be the responsibility
of the
Purchaser and shall be paid
by the Purchaser at settlement.
The Trustees reserve
the right to reject any and all
bids, to extend the time for
settlement, and to withdraw
the Property from the sale
for any reason and at their
sole discretion.

The Property 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
thereon. In addition, the
Property will be sold subject
to all existing housing,
building and zoning code violations
which may exist on
or with respect to the Property,
subject to all conditions
or hazards which may
exist on or with respect to
the Property, subject to all
critical area and wetland violations
which may exist on
or with respect to the Property,
subject to all environmental
problems or
violations which may exist
on or with respect to the
Property, and subject to all
matters, recorded documents
and restrictions of
record affecting the Property
to the extent such matters,
recorded documents or
restrictions of record are
senior to the Deed of Trust.
The Property 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 Property
and subject to all easements,
conditions, restrictions,
rights of redemption,
covenants, agreements,
such state of facts that an
accurate survey or physical
inspection of the Property
might disclose, and all other
agreements and documents
of record affecting the Property,
but only to the extent
that such agreements or
documents are senior to the
Deed of Trust. The Property
will not be sold subject to
any written or oral lease or
rental agreements that may
exist in favor of any tenants
or occupants of the Property.

The Purchaser shall assume
the risk of loss for the Property
immediately after the
sale takes place. It shall be
the responsibility of the Purchaser
to obtain possession
of the Property following
final ratification of the sale
by the Circuit Court for
Worcester County, Maryland
and conveyance of the
Property by the Trustees to
the Purchaser.

The Purchaser shall pay, at
settlement, all state and
local transfer taxes, documentary
stamps, recordation
taxes and fees, title
examination costs, attorneys’
fees, conveyance fees,
real estate taxes, water
charges, other municipal
liens and charges, and all
other settlement costs and
other costs associated with
conveying the Property to
the Purchaser. The Purchaser
shall settle and comply
with all sale terms
contained herein within
twenty (20) days following
final ratification of the sale
by the Circuit Court for
Worcester 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
Cipriani & Werner, P.C., 6411
Ivy Lane, Suite 600, Greenbelt,
Maryland 20770, or
such other place as may be
agreed to by the Trustees.

In the event the Purchaser
fails to go to settlement as
required herein, in addition
to any other legal or equitable
remedies available to
the Trustees, the Trustees
may, without further order of
the court: (i) declare the
aforementioned deposit forfeited,
(ii) resell the Property
at the Purchaser’s sole risk
and expense, and (iii) retain
and apply the aforementioned
deposit to any deficiency
in the purchase price
sustained by the Trustees
and/or the Noteholder, all
costs and expenses of both
sales, reasonable attorneys’
fees, and any other damages
sustained by the
Trustees and/or the Noteholder
as a result of the Purchaser’s
default, including,
without limitation, all incidental
damages. In the
event a resale of the Property
results in a purchase
price in excess of the
amount originally bid by the
defaulting Purchaser, the
defaulting Purchaser shall
not be entitled to receive
payment of any such excess
amount and shall not be entitled
to any distribution
whatsoever from the resale
proceeds.

If the Trustees are unable to
convey any of the Property
as described above, the Purchaser’s
sole remedy at law
or in equity shall be limited
to the refund of the Purchaser’s
deposit without
any interest thereon. Upon
refund of the deposit to the
Purchaser as aforesaid, the
sale of the Property shall be
void and of no force or effect,
and the Purchaser shall
have no claims against the
Trustees, the Noteholder or
the Auctioneer. 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.

The information contained
herein was obtained from
sources deemed to be reliable,
but is offered for informational
purposes only.
The Trustees, the Noteholder
and the Auctioneer
do not make any representations
or warranties with respect
to the accuracy of this
information.

Name of Newspaper:
Maryland Coast Dispatch
Date of Publication
MAY 13, 2022
Jason W. Hardman and
Paul J. Cohen,
Substitute Trustees
For further information,
contact:
Marshall Auction Company
P.O. Box 3682
Salisbury, Maryland 21802
Tel: (443) 614-4340
www.amauctions.com
Email:
doug@marshallauctions.com
3x 05-13, 05-20, 05-27