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Ch. 286
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Martin O'Malley, Governor
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(4) (2) A LIEN IMPOSED UNDER THIS SUBTITLE HAS PRIORITY
FROM THE DATE THE STATEMENT OF LIEN IS FILED GROUND LEASE WAS
CREATED.
(M) A STATEMENT OF LIEN IS SUFFICIENT FOR PURPOSES OF THIS
SECTION IF IT IS IN SUBSTANTIALLY THE FOLLOWING FORM:
"STATEMENT OF LIEN
THIS IS TO CERTIFY THAT THE PROPERTY DESCRIBED AS_IS
SUBJECT TO A LIEN UNDER § 8-402.2 § 8-402.3 OF THE REAL PROPERTY
ARTICLE, ANNOTATED CODE OF MARYLAND, IN THE AMOUNT OF $
THE PROPERTY IS OWNED BY____.
I HEREBY AFFIRM UNDER THE PENALTY OF PERJURY THAT NOTICE WAS
GIVEN UNDER § 8-402.2(D) § 8-402.2(E) § 8-402.3(E) OF THE REAL PROPERTY
ARTICLE ON_, AND THAT THE INFORMATION CONTAINED IN THE
FOREGOING STATEMENT OF LIEN IS TRUE AND CORRECT TO THE BEST OF MY
KNOWLEDGE, INFORMATION, AND BELIEF.
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(NAME OF PARTY CLAIMING LIEN)".
(N) IF A BOND IS FILED IN THE AMOUNT SPECIFIED BY THE COURT
UNDER SUBSECTION (K)(5) OF THIS SECTION, THE CLERK OF THE CIRCUIT
COURT SHALL ENTER A NOTATION IN THE LAND RECORDS RELEASING THE LIEN.
(O) (N) (1) A LIEN UNDER THIS SECTION MAY BE ENFORCED AND
FORECLOSED BY THE PARTY WHO OBTAINED THE LIEN IN THE SAME MANNER
AND SUBJECT TO THE SAME REQUIREMENTS, AS THE FORECLOSURE OF A
MORTGAGE OR DEED OF TRUST CONTAINING NEITHER A POWER OF SALE NOR
AN ASSENT TO DECREE.
(2) A FORECLOSURE SALE MAY NOT BE MADE IF, AT ANY TIME
BEFORE THE SALE, THE LIEN IS SATISFIED AND THE COSTS OF GIVING NOTICE
OF THE SALE ARE PAID.
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(3) IF THE PROPERTY SUBJECT TO THE LIEN IS SOLD AT A
FORECLOSURE SALE, THE LANDLORD GROUND LEASE HOLDER SHALL BE PAID
OUT OF THE PROCEEDS OF THE SALE THE GREATER OF:
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- 1847 -
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