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Thursday, March 01, 2001 at 1:00 PM
improved real property, described as follows:
ALL THAT CERTAIN TRACT OR PARCEL OF LAND TOGETHER WITH BUILDINGS AND IMPROVEMENTS THEREON AND PRIVELEGES AND APPURTENANCES THEREWITH CONNECTED, SITUATE. LYING AND BEING IN THE TOWN OF WASHINGTON, RAPPAHANNOCK COUNTY, VIRGINIA, AND DESCRIBED AS FOLLOWS, TO-WIT: “A DWELLING HOUSE AND OUT-BUILDING LOCATED ON THE WEST SIDE OF MAIN STREET CONTAINING 0.24 ACRES, MORE OR LESS, AS SHOWN ON PLAT ATTACHED TO A DEED DATED MAY 8, 1957, FROM LENA WAYLAND, WIDOW, TO ROSA BISHOP, RECORDED IN DEED BOOK 40 AT PAGE 394, AMONG THE LAND RECORDS OF RAPPAHANNOCK COUNTY, VIRGINIA -
KNOWN AS: 537 Main Street, Washington, VA 22747
The property will be sold “AS IS", WITHOUT REPRESENTATION OR WARRANTIES OF ANY KIND, AND SUBJECT TO condition, restrictions, reservations, easements, rights of way, and all other matters of record taking priority over the Deed ot Trust to be announced at time of sale if applicable.
TERMS OF SALE: Cash, A deposit of $8,700.00 in cash or cashier s check payable to the Substitute Trustee(s) will be required at the time of sale The balance of the purchase price, with interest at the rate contained in the Deed of Trust Note from the date of sale to the date said funds are received in the office of the Substitute Trustee, will be due within fifteen (15) days of sale. In the event of default by the successful bidder, the deposit shall be forfeited and applied to the costs and expenses of sale and Trustees fee, and the property resold at the successful bidder's risk and expense In such event, the defaulting purchaser shall be liable for the payment of any deficiency in the purchase price, all costs and expenses of both sales, attorneys' fees and all other charges incurred by the Substitute Trustee. In the event settlement is delayed for any reason and the property is purchased by someone other than the noteholder, there shall be no abatement of interest caused by the delay. All costs ot conveyance (which shall be by special warranty deed), including examination of title, recording charges, and Grantor tax, shall be borne by the purchaser, along with past-due and current real estate taxes adjusted to date of sale. All risk of loss shall be on the successful bidder at the time such bid is accepted and the contract of sale executed. Neither the Substitute Trustee, nor any other party, guarantees or covenants to deliver or obtain possession of the premises for any purchaser
The Substitute Trustee reserves the right to reject all bids, extend the time to receive bids, withdraw the property from sale, waive the deposit requirement, and/or extend the period of time for settlement Should the Substitute Trustee be unable, for any reason, in its sole discretion, to convey marketable title, the successful bidder's sole remedy in law or equity shall be return of his deposit U|X>n refund of the deposit, the sale shall be void and of no effect
Written notice of this Substitute Trustee's sale, as required by Section 55-59.1 of the 1950 Code of Virginia, as amended, has been sent to the property owners as their addresses appear in the records of the noteholder, and to all parties prescribed therein
Additional terms of sale will be announced at the sale
FOR INFORMATION CONTACT:
Bierman & Geesing, LLC
7315 Wisconsin Ave., Suitp 315, East Tower
Bethesda, MD 30814
(301)961-6555
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