Type: NJFParty: Bank of America, N.A.County: FaulknerAttorney/Contact: Wilson & Associates, PLLCProperty: 78 Lawrence Landing, Conway AR 72032Property Description: L7 Wash Hale Subd
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. 400 West Capitol Ave., Suite 1400, Little Rock, Arkansas 72201 (501) 219-9388 WHEREAS, on October 5, 2007, Michael R Spence executed a security instrument conveying certain property therein described to Bank of America, N.A.; and WHEREAS, said instrument was duly recorded October 10, 2007, Document No. 2007-21194, in the real estate records of Faulkner County, Arkansas; and WHEREAS, the default is due to missed payments beginning with a due date of December 1, 2018 under the terms of the Note and indebtedness. Because of the failure to fully cure the default the indebtedness was accelerated and is wholly due. The Mortgagee has requested the property be sold to satisfy said indebtedness, together with all fees and costs associated with these proceedings continuing to accrue, pursuant to the terms and conditions of the promissory note and security instrument. 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 Ajax Mortgage Loan Trust 2019-E, Mortgage-Backed Securities, Series 2019-E, by U.S. Bank National Association, as Indenture Trustee, P.O. Box 25430 , Portland, OR 91298 , (503) 505-5646 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 November 3, 2020, at or about 2:30 PM at the Faulkner County Courthouse, Conway, 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 Faulkner County, Arkansas, and being more particularly described as follows: Lot 7, Wash Hale Subdivision, as shown on plat of record in Plat Book C, page 107, records of Faulkner County, Arkansas More commonly known as: 78 Lawrence Landing, Conway, AR 72032 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. 347774 WILSON & ASSOCIATES, P.L.L.C. 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201 (501) 219-9388 Email: Info@TheWilsonLawFirm.com DR4T-10/6,10/13,10/20,10/27/20