HARRY HUGHES, Governor                                         2871

(2) Resume the performance of the agreement.

(c) To redeem the goods, the buyer shall:

(1) Tender the amount due under the agreement at the
time of redemption, without giving effect to any provision which
allows acceleration of any installment otherwise payable after
that time;

(2) Tender performance of any other promise for the
breach of which the goods were repossessed; and

(3) If the discretionary notice provided for in §
12-624 (c) of this subtitle was given, pay the actual and
reasonable expenses of retaking and storing the goods.

(d) This section does not apply if:

(1) THE[the] buyer was guilty of fraudulent conduct,
intentionally and wrongfully concealed, removed, damaged, or
destroyed the goods, or attempted to do so, and the goods were
repossessed because of that conduct; or

(2) THE GOODS WERE SEIZED BY A POLICE DEPARTMENT,
BUREAU, OR FORCE AND THE GOODS WERE REPOSSESSED BECAUSE OF THAT
SEIZURE, IN WHICH EVENT, THE BUYER SHALL HAVE NO RIGHT TO REDEEM
OR TAKE POSSESSION, EVEN IF THE BUYER TENDERS PAYMENT OF THE
ENTIRE BALANCE DUE UNDER THE AGREEMENT.

12-626.

(e) (1) The provisions of this subsection (e) apply to:

(i) A public sale held under the provisions of
this section; and

(ii) Any other bona fide public or private sale
of goods which had a cash price in excess of $2,000 at the time
of their purchase by the buyer, if the buyer has not paid at
least 50 percent of the cash price of the goods or if he has paid
that amount but has not requested a public sale under subsection
(a) of this section.

(2) The proceeds of a sale to which this subsection
applies, including the deposit required by subsection (b) of this
section, shall be applied, in the following order, to:

(i) The actual and reasonable cost of the sale;

(ii) The actual and reasonable cost of retaking
and storing the goods; and

(iii) The unpaid balance owing under the
agreement at the time the goods are repossessed.