Details for 40301281 Laster STATE OF GEORGIA NOTICE OF SALE UNDER POWER

Updated

40301281 Laster

STATE OF GEORGIA

NOTICE OF SALE UNDER POWER

IN DEED TO SECURE DEBT COUNTY OF DOUGLAS THIS LAW FIRM IS ACTING AS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE On the 17th day of April 2006, WILLIE LASTER and STELLA LASTER, (“Laster") executed a Promissory Note (“Note”) and Deed to Secure Debt (“Deed”) for $361,670.40 payable to Jim Walter Homes, Inc., conveying property described in Exhibit "A" attached, and recorded in the Office of the Clerk of Superior Court of Douglas County, Georgia, in Deed Book 2364, pages 633-636. Said Note and Deed were subsequently assigned to The Bank of New York Mellon, as Indenture Trustee, for Mid-State Capital Corporation 2006-1 Trust (“Bank of NY”), by assignment dated May 10, 2018, and recorded in aforesaid Clerk’s Office. Default has been made in the installment payments due for October 2017, and subsequent thereto. Bank of NY declared the entire unpaid indebtedness due and payable in accordance with the terms of said Note, and the same has not been paid. The Deed provides that when the Note secured thereby becomes due and is not paid, that said property may be sold before the Courthouse door of Douglas County, Georgia, upon Bank of NY first giving notice of the place and terms of such sale (1) time a week for (4) weeks in the newspaper in which the sheriff's advertisements are published, and where said property is located. NOW THEREFORE, pursuant to the powers contained therein, the property will be sold before the Courthouse door in Douglas County, Georgia, at public outcry on the first Tuesday in August 2018, between the legal hours of sale. Bank of NY will convey title to the purchaser as attorney-in-fact for Laster. The money derived from the sale will be applied: first to the expenses of said sale; secondly, to the amount due on said Note; and the balance, if any, shall be paid to Laster. TERMS: Cash, subject to State and County ad valorem taxes or assessment and any federal tax liens of record. Purchaser is to pay for all legal papers and revenue stamps. This 8th day of August 2018. The Bank of New York Mellon, as Indenture Trustee, for Mid-State Capital Corporation 2006-1 Trust as attorney-in-fact for Willie Laster and Stella Laster CLEARY WEST & HAWKINS LLP 1223 GEORGE C. WILSON DRIVE AUGUSTA, GEORGIA 30909 706-860-9995 STATE BAR NO. 129754 EXHIBIT "A" Commencing at intersection of the Southeast right of way of Simon Road and the South line of Land Lot 88, 1st Land District, Douglas County, Georgia; thence North 20̊31'02" East, a distance of 558.88' to a point on the Southeast right of way of Simon Road and the POINT OF BEGINNING. From said POINT OF BEGINNING, North 26̊38'35" East along said right of way, a distance of 75.00'; thence leaving said right of way, South 80̊37'14" East, a distance of 327.10; thence South 10̊15'52" West, a distance of 187.91'; thence North 80̊56'11" West, a distance of 166.11'; thence North 10̊15'49" East, a distance of 117.20'; thence North 80̊37'14" West, a distance of 182.15' to the POINT OF BEGINNING. Containing 1.000 Acre, more or less. Located in Land Lot 88, 1st Land District, 5th Section.

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