Type:   NJF
Party:   Bank OZK
County:   Lonoke
Attorney:   Michael J. Ptak
Property:   300 S Jackson St, Cabot AR 72023
Property Description:   L10-12 B8 City of Cabot

This Instrument Was Prepared By: Michael J. Ptak Attorney at Law 17901 Chenal Parkway P.O. Box 8811 Little Rock, Arkansas 72231-8811 (501) 978-2226 MORTGAGEE’S NOTICE OF DEFAULT AND INTENTION TO SELL You May Lose Your Property If You Do Not Take Immediate Action. If Your Property Is Sold You Will Remain Liable For Any Deficiency And An Action For Collection May Be Brought Against You. NOTICE IS HEREBY GIVEN that on May 29, 2019, at or about 1:30 p.m., the following real property and all improvements and fixtures located thereon will be sold at the Lonoke County Courthouse located in Lonoke, Arkansas, at the location where statutory foreclosure sales are customarily advertised and conducted, to the highest bidder for cash: Lots 10, 11 & 12, Block 8, City of Cabot, Lonoke County, Arkansas, such real property having the address of 300 South Jackson Street, Cabot, Arkansas 72023 (hereinafter referred to as the “Property”). On June 19, 2009, Michael R. Johnson and Kasey A. Johnson, husband and wife, executed a Mortgage (hereinafter referred to as such) in favor of Summit Bank, which Mortgage was filed of record on July 1, 2009, as Document No. 200907435, in the office of the Circuit Clerk and Ex-Officio Recorder of Lonoke County, Arkansas, whereby Michael R. Johnson and Kasey A. Johnson, husband and wife, conveyed the Property to Summit Bank. The terms of the Mortgage were modified, renewed, and/or extended by virtue of certain Modifications of Mortgage (hereinafter referred to as the “Summit Bank Modifications of Mortgage”) executed by Michael R. Johnson and Kasey A. Johnson, husband and wife, in favor of Summit Bank dated June 19, 2012, and March 8, 2014, which Summit Bank Modifications of Mortgage were filed of record on August 6, 2012, and May 1, 2014, respectively, as Document Nos. 201208644 and 2014024681, respectively, in the office of the Circuit Clerk and Ex-Officio Recorder of Lonoke County, Arkansas. The Summit Bank Modification of Mortgage dated March 8, 2014, was corrected and re-recorded on May 16, 2014, as Instrument No. 201404744, in the office of the Circuit Clerk and Ex-Officio Recorder of Lonoke County, Arkansas. The terms of the Mortgage were further modified, renewed, and/or extended by virtue of that certain Modification of Mortgage (hereinafter referred to as the “Bank of the Ozarks Modification of Mortgage”) executed by Michael R. Johnson and Kasey A. Johnson, husband and wife, in favor of Bank of the Ozarks, as successor by merger to Summit Bank, dated July 15, 2015, which Bank of the Ozarks Modification of Mortgage was filed of record on October 15, 2015, as Instrument No. 201510223, in the office of the Circuit Clerk and Ex-Officio Recorder of Lonoke County, Arkansas. Bank OZK, formerly known as Bank of the Ozarks, as successor by merger to Summit Bank (hereinafter referred to as “Bank OZK”), is now the holder in due course of the Mortgage, as modified, renewed, and/or extended by the Summit Bank Modifications of Mortgage and the Bank of the Ozarks Modification of Mortgage, as well as the Promissory Note that the Mortgage secures. Michael R. Johnson and Kasey A. Johnson, husband and wife, have defaulted in the monthly payments owed to Bank OZK under the Promissory Note which is secured by the Mortgage, as modified, renewed, and/or extended by the Summit Bank Modifications of Mortgage and the Bank of the Ozarks Modification of Mortgage, and are more than one hundred ninety-five (195) days past due in payments to Bank OZK. The undersigned is the attorney for Bank OZK, the mortgagee, and is acting on behalf and with the consent and authority of the mortgagee, which is exercising its power of sale under Ark. Code Ann. § 18-50-115 (West 2004), which implies a power of sale in every mortgage of real property situated in this state that is duly acknowledged and recorded. The sale will extinguish all rights of any party claiming an interest in the Property, including existing lienholders, current or previous owners of the property, or tenants. Any purchaser at the sale shall pay an auctioneer or agent’s fee in addition to its bid. WITNESS my hand this 25th day of March, 2019. By: Michael J. Ptak (Ark. Bar No. 93213) Attorney at Law P.O. Box 8811 Little Rock, Arkansas 72231-8811 Telephone (501) 978-2226 Facsimile (501) 320-4111 FOR SALE INFORMATION, VISIT WWW.NONJUDICIALFORECLOSURE.COM ptak0152 DR4T-4/30,5/7,5/14,5/21/19


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