Details for 7-40302227- Seed Holdings, LLC Notice of Sale Under Power Carroll

Updated

7-40302227- Seed Holdings, LLC

Notice of Sale Under Power Carroll County, Georgia Under and by virtue of the Power of Sale contained in that certain Security Deed given by Seed Holdings, LLC ( “Grantor”) to Regions Bank (“Lender”), dated June 4, 2010 and recorded June 8, 2010 in Deed Book 4764, Page 134, Carroll County, Georgia official records (the “Security Deed”), conveying the property described below to secure repayment of (i) that certain Promissory Note dated June 4, 2010, payable by Grantor to Lender in the principal amount of $128,000.00, together with interest thereon as set forth therein; and (ii) any and all other indebtedness owed by Grantor to Lender whether now existing or hereafter created (including any amendment, extension, modification, and renewal of any debt instrument evidencing same, the “Secured Indebtedness”), there will be sold at public outcry to the highest bidder for cash before the Courthouse door of Carroll County, Georgia (or at such other location as may be lawfully designated in Gwinnett County for conducting sheriff's sales and/or public foreclosure sales), within the legal hours of sale on the first Tuesday in August 2018 (being August 7, 2018) the following described property located in Carroll County, Georgia, together with all improvements, personalty, fixtures, easements, hereditaments, rights, members, and appurtenances located thereon and described in the Security Deed (collectively, the “Property”): All that tract or parcel of land lying and being in the City of Carrollton, Carroll County, State of Georgia, being described as Lot 5 on a Plat entitled Subdivision of Property of Mr. J.A. Loftin, dated February 1945, which plat is recorded in the Office of the clerk of Superior Court of Carroll County, Georgia, Deed Book 70, page 317, together with the southern 12.5 feet of the area shown on said plat as “Private Alley for Adjacent Property Owners Only” which adjoins the northern boundary of Lot 5. The above-described property is real and personal property located at 297 S. Aycock Street, Carrollton, Georgia 30117 according to the present system of numbering property in Carroll County, Georgia. The Secured Indebtedness has been and is hereby accelerated and declared due because of, among other possible events of default, failure to pay the Loan in full by the stated maturity date of September 4, 2017 and failure to pay the 2017 ad valorem taxes on the Property in the manner provided in the instruments evidencing the Secured Indebtedness and Security Deed. As the Secured Indebtedness remains in default, the sale will be made for purposes of paying the same and all expenses of this sale, as provided in the Security Deed and by law, including attorney’s fees (written notice of intent to collect attorney’s fees having been given). Said property will be sold subject to any matters of record superior to the Security Deed, including without limitation, (a) outstanding ad valorem taxes with a senior lien priority to the Security Deed (including taxes which are a lien, but not yet due and payable), (b) any matters which might be disclosed by an accurate survey and inspection of the property, and (c) any assessments, liens, encumbrances, zoning ordinances, restrictions, covenants, or other matters of record superior to the Security Deed. To the best knowledge and belief of the undersigned, the party in possession of the property is the Grantor or a tenant or tenants claiming through them. Regions Bank, Attorney-in-Fact and Agent for Seed Holdings, LLC Kelly E. Waits Burr & Forman LLP 171 Seventeenth Street, N.W., Suite 1100 Atlanta, Georgia 30363 Email: kwaits@burr.com Phone: (404) 815-3000 Facsimile: (404) 214-7942 THE LAW FIRM IS ACTING AS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.

Categories

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.