2870                                             LAWS OF MARYLAND                                         Ch. 549

[(u) The proceeds of sale shall be applied first to payment
of all proper expenses of the proceedings for forfeiture and sale
including expenses of seizure, maintenance of custody,
advertising and court costs; secondly, to payment of the balance
due on a lien (if any). The balance (if any) shall be deposited
in the general funds of the State.]

[(v) Any sums realized on any bond posted to regain
possession of the vehicle shall be applied as provided for
proceeds of sale except that no such sums shall be paid in
satisfaction of any lien on the vehicle.]

[(w)](J)(K)(L) Any sale ordered pursuant to this section
shall be made for cash and vest in the purchaser a clear and
absolute title to the motor vehicle THAT IS sold.

[(x)] (K)(L) (M) This section [applies] SHALL APPLY to ANY
motor [vehicles] VEHICLE, as defined in Title 11 of the
Transportation Article.

Article - Commercial Law

12-624.

(a) The holder may repossess goods sold under an agreement
if:

(1) THE [the] buyer is in default in:

(I) (1)] The payment of any sum due under the
agreement;

(II) [(2)] The performance of any other
condition which the agreement lawfully requires him to perform in
order to obtain unencumbered title to the goods; or

(III) [(3)] The performance of any promise the
breach of which is expressly made a ground for repossessing the
goods; OR

(2) THE GOODS WERE SEIZED BY A POLICE DEPARTMENT,
BUREAU, OR FORCE.

12-625.

(a) For 15 days after the holder gives the notice required
by § 12-624 (d) of this subtitle, the holder shall retain any
repossessed goods in the county where the goods were sold to the
buyer or were repossessed.

(b) During the period provided for in subsection (a) of
this section, the buyer may:

(1) Redeem and take possession of the goods; and