Type: NJFParty: Mortgage Electronic Registration SystemsCounty: SalineAttorney/Contact: Wilson & Associates, PLLCProperty: 1319 Oilwell Road, Traskwood AR 72167Property Description: Sec7 T35S R15W
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 WHICH THEN EXISTS AND AN ACTION FOR COLLECTION MAY BE BROUGHT AGAINST YOU. THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR SUCH PURPOSE. This Instrument Prepared by: WILSON & ASSOCIATES, P.L.L.C. 1521 Merrill Drive, Suite D-220 Little Rock, Arkansas 72211 (501) 219-9388 WHEREAS, on March 3, 2004, Alvin Jerry Yates and Alpha L Yates executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as nominee for The Carroll Mortgage Group, Inc., Subchapter "S" Corporation, its successors and assigns; and WHEREAS, said instrument was duly recorded March 5, 2004, in Book No. 04, at Page 018492, in the real estate records of Saline County, Arkansas; and WHEREAS, default has been made with respect to a provision in the mortgage that authorizes sale in the event of the default of said provision and the same is now, therefore, wholly due. WHEREAS, mortgagee or beneficiary has complied with the conditions to exercise the power of sale as set for in ACA §18-50-103. The party initiating this action is Rushmore Loan Management Services LLC, 15480 Laguna Canyon Road, Suite 100 , Irvine, CA 92618 , (888) 699-5600 NOW, THEREFORE, Wilson & Associates, P.L.L.C., as Attorney-in-Fact or as Trustee,, by virtue of the power, duty, and authority vested in and imposed upon it, will, on July 2, 2019, at or about 9:00 AM at the Saline County Courthouse, Benton, Arkansas, offer for sale certain property hereinafter described to the highest bidder for cash, free from the statutory right of redemption, homestead, dower, and all other exemptions which are expressly waived in the mortgage, said property being real estate situated in Saline County, Arkansas, and being more particularly described as follows: A tract of land being part of the fractional southwest quarter of Section 7, Township 35 South, Range 15 West of the Fifth P.M. in Saline County, Arkansas, described as follows: Commencing at the Southwest corner of the said Section 7 said point being a channel iron post; thence North 1 degree 15 minutes 18 seconds East along the West line thereof for 1551.00 feet to a 1/2 inch rebar with cap; thence South 77 degrees 34 minutes 28 seconds East for 555.00 feet to the point of beginning. Said point being a 1/2 inch rebar; thence continue South 88 degrees 34 minutes 28 seconds East 555.86 feet to the East line of Lot 3 of the Southwest Quarter said Section 7, to a 1/2 rebar with cap thence South 2 degrees 8 minutes 56 seconds West, along the East line of Lots 3 & 4 of said SW 1/4, for 330.00 feet to a 1/2 inch rebar, said point being 1221 feet North of the South line of Lot 4 of said SW 1/4; thence North 88 degrees 34 minutes 33 seconds West for 550.71 feet to a 1/2 rebar with cap; thence North 1 degree 15 minutes 18 seconds East 330.00 feet to point of beginning, containing 4.2 acres, more or less. Together with an easement for ingress and egress, being 25 feet wide described as follows: All that part of the fractional southwest Quarter of Section 7, Township 3 South Range 15 west of the 5th P.M. in Saline County, Arkansas, described as follows: Commencing at the Southwest corner of the said Section 7; thence North 1 degree 15 minutes 18 seconds East along the West line thereof for 1221.00 feet to the point of beginning; thence North 1 degree 15 minutes 18 seconds East along the west line thereof for 25 feet; thence South 88 degrees 34 minutes 33 seconds East for 555.00 feet; thence South 1 degree 15 minutes 18 seconds West for 25 feet; thence North 88 degrees 34 minutes 33 seconds West for 555.00 feet to the point of beginning. (Legal description revised pursuant to an Attorney's Affidavit to be filed prior to foreclosure.) More commonly known as: 1319 Oilwell Road, Traskwood, AR 72167 This sale is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fixture filing; and to any matter that an accurate survey of the premises might disclose. The sale held pursuant to this Notice may be rescinded at any time. The right is reserved to adjourn the day of the sale to another day, time and place certain without further publication, upon announcement at the time and place for the sale set forth above. In the event of inclement weather, the right is reserved to postpone the sale to a date to be specified via mailed notices. THE SALE OF THIS PROPERTY WILL BE AUCTIONED WITH RESERVE. THE TERMS OF SALE ARE CERTIFIED FUNDS PAID AT THE CONCLUSION OF THE SALE, OR CREDIT BID FROM A BANK OR OTHER LENDING ENTITY PRE-APPROVED BY THE SUCCESSOR TRUSTEE. W&A No. 337982 WILSON & ASSOCIATES, P.L.L.C. 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201 DR4T-6/4,6/11,6/18,6/25/19