NOTICE OF SALE
WHEREAS, DOUG JONES, Substitute Trustee, pursuant to a Deed of Trust executed by JAMES WINNINGHAM unto William J. Campbell, as Trustee, recorded October 24, 2008 in Record Book 58, Page 272 of the Register’s Office of Overton County, Tennessee, which said Deed of Trust secures a Promissory Note dated October 23, 2008, payable by James Winningham to the Union Bank of Jamestown, Tennessee;
WHEREAS, default has occurred in the terms, conditions, and payment of the indebtedness secured by said Deed of Trust and Union Bank of Jamestown, Tennessee, has declared the entire unpaid principal balance of said Note, together with all accrued and unpaid interest, due and payable as provided in said Note and Deed of Trust and has authorized and instructed me, as their duly authorized representative and their Substitute Trustee, to foreclose said Deed of Trust by advertisement of sale at public auction in accordance with the Statutes made and provided therefore.
THEREFORE, notice is hereby given that pursuant to the power of sale contained in said Deed of Trust, and in accordance with the Statutes made and provided therefore, the said Deed of Trust will be foreclosed and the property covered thereby and hereinafter described will be sold at public auction to the highest bidder for cash at the front entrance of the Overton County Courthouse in the City of Livingston, in Overton County, Tennessee at 10:00 a.m. on Tuesday, August 12, 2014, to satisfy the indebtedness now due under and secured by said Deed of Trust; said property will be sold in bar of all right and equities of redemption, homestead, dower and all other exemptions of every kind from the borrower which are expressly waived by the terms of said Deed of Trust; said real estate will be sold without any warranties as to liens, existing highway, roadway and utility easements, applicable building and zoning regulations, such state of facts as an accurate survey would disclose, to all encumbrances, Federal Tax Liens, assessments, and mechanics’ and materialmen’s liens. The undersigned Substitute Trustee will execute a Deed to the purchaser as Substitute Trustee only. The proceeds of this sale will be applied as set out in the Deed of Trust. The real estate to be sold is described as follows:
PROPERTY DESCRIPTION: Abbreviated description per TCA 35-5-104(a)(2) is the property referenced and described fully as Record Book 55, Page 492, and being 1.6137 acres, more or less.
PROPERTY ADDRESS: S/Cravenstown Road, Wilder, TN 38549
TAX MAP 94, PARCEL 23.20
(However, the property description shall control in the event of any inconsistencies between the description and address or tax identification number)
The Substitute Trustee reserves the right to postpone or set over the date of sale in the event the Substitute Trustee deems it best for any reason at the time of sale to postpone or continue this sale from time to time, which such notice of postponement as deemed reasonable by the Substitute Trustee. In the event the highest bidder at such sale fails to complete his purchase of the subject real property within applicable time allowed, the undersigned Substitute Trustee reserves the right to complete the sale of the subject real property, without further notice or advertisement, to the next highest bidder who is able to consummate his purchase of the property within the time permitted by the Substitute Trustee.
Pursuant to Tennessee Code Section 35-5-104, there are no liens filed in the Fentress County Register’s Office by the taxing authorities.
SUBORDINATE LIENHOLDERS: N/A
OTHER INTERESTED PARTIES: N/A
Buyers shall be responsible for paying the 2014, 2013, and 2012 real property taxes.
July 22, 2014
July 29, 2014
August 5, 2014