SUBSTITUTE TRUSTEES’ SALE
OF COMMERCIAL PROPERTY

(KNOWN AS)

“THE PARK N’ DINE” RESTAURANT

Since 1946

On the “Western Maryland Rail Trail”

2% Broker Co-Op

189 E. Main Street,

Hancock, MD 21750

(Tax I.D. Nos. 05-001684 & 05-001706)

and

Related Parcel of Vacant Land

(Tax I.D. No. 05-001692)

Pursuant to the power of sale in that certain Indemnity Deed of Trust executed by Hancock Riverside, L.L.C., dated February 19, 2015, and recorded among the Land Records of Washington County, Maryland, in Liber 4917, at folio 275 (the “Deed of Trust”), the beneficiary of the indebtedness secured by the Deed of Trust (the “Beneficiary”) having appointed Joshua D. Bradley and Jessica L. Duvall as Substitute Trustees under the Deed of Trust (the “Substitute Trustees”), and default having occurred, notice is hereby given that the Substitute Trustees will offer for sale to the highest qualified bidder at public auction, the real property commonly known as 189 E. Main Street, Hancock, MD 21750, a related parcel of vacant land (Tax I.D. Nos. 05-001684, 05-001706 & 05-001692, all being more particularly described in the Deed of Trust (collectively, the “Property”), at the front door of 189 E. Main Street, Hancock, MD 21750 on:

APRIL 28, 2022 at 1:00 P.m.,  

Description of Property

Tax I.D. Nos. 05-001684 & 05-001706:  Believed to be improved by an approximately 10,000+/- square foot, one-story restaurant, and a lower-level basement area with approximately 5,000+/- square feet.  The parking lot has approximately 55+/- surface parking spaces.

Tax I.D. No. 05-001692:  Believed to comprise approximately 10,395+/- square feet and separated by a liquor store from the improved parcel.

The Property will be sold in “AS IS” condition and without any warranties or representations, either express or implied, as to the nature, condition or description of the improvements.  In addition, the Property will also be sold subject to all existing housing, building and zoning code violations, subject to all critical area and wetland violations, subject to all environmental problems and violations which may exist on or with respect to the Property, and subject to all matters and restrictions of record affecting the same (if any). 

The Property will be sold subject to all easements, conditions, liens, taxes, restrictions, rights of redemption, covenants, encumbrances, agreements, and unexpired leases of record, and such state of facts that an accurate survey or physical inspection of the Property might disclose (if any) that are not otherwise extinguished by operation of law.

TERMS OF SALE: A deposit of $30,000.00 by certified check or cashier's check will be required at the time of sale from all bidders other than Beneficiary or an affiliate of Beneficiary. The deposit shall not earn interest. The balance of the purchase price, together with interest at the rate of 4.75% per annum from the date of sale to the date funds are received by the Substitute Trustees, shall be paid in cash within ten days of ratification of the sale by the Circuit Court.  There will be no abatement of interest due from the purchaser in the event additional funds are tendered before settlement. TIME IS OF THE ESSENCE FOR THE PURCHASER. Taxes, water bills, and all other municipal liens and charges and all other public charges and assessments payable on an annual basis, if any, shall be adjusted to date of sale and assumed thereafter by the purchaser.  All transfer and recordation taxes and all other cost and expenses of settlement shall be paid by purchaser. Purchaser shall pay all applicable agricultural tax, if any. Purchaser is responsible for obtaining physical possession of the property and assumes risk of loss or damage to the property from the date of sale. In any such event, this sale shall be null and void, and purchaser's sole remedy, in law or equity, shall be the return of the deposit without interest. If purchaser fails to settle within 15 days after ratification, the Substitute Trustees may file a motion to resell the property. If purchaser defaults under these terms, the deposit shall be forfeited. The Substitute Trustees may then resell the property at the risk and cost of the defaulting purchaser. The defaulted purchaser shall not be entitled to any surplus proceeds resulting from said resale even if such surplus results from improvements to the property by said defaulted purchaser. If the Substitute Trustees are unable to convey either insurable or marketable title, or if ratification of the sale is denied by the Circuit Court for any reason, the purchaser's sole remedy, at law and equity, is the return of the deposit without interest. Additional terms and conditions may be announced at the time of sale. (Case No. C-21-CV-22-000043)

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

Joshua D. Bradley and/or Jessica L. Duvall, Substitute Trustees,

Rosenberg Martin Greenberg, LLP, 25 S. Charles Street, 21st Floor, Baltimore, MD 21201

Jonathan Melnick Auctioneers, Inc

912 E. 25^th Street, Baltimore, MD 21218

410-366-5555 www.melnicknewell.com

 AD TO APPEAR IN THE HERALD MAIL- 4/13, 4/20, 4/27