Type: NJFParty: M & T BankCounty: LonokeAttorney/Contact: Wilson & Associates, PLLCProperty: 1004 Tippitt Road, Austin AR 72007Property Description:
NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On October 8, 2010, Karen Stivers executed a security instrument in favor of Wells Fargo Bank, N.A.; which was recorded October 15, 2010, Document No. 201011104, and modified on March 30, 2017, Document No. 2017-03218 in the real estate records of Lonoke County, Arkansas. A default has occurred due to the failure to make timely payments as required under the terms of the Note and indebtedness. Because of the failure to fully cure the default, the indebtedness was accelerated and is now wholly due. The mortgagee or beneficiary 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. The 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 M & T Bank, One Fountain Plaza, 7th Floor P.O. Box 840, Buffalo, NY 14203-1495 , (800) 724-1633. On January 27, 2022, at or about 10:00 AM at the Lonoke County Courthouse, Lonoke, Arkansas, the real property described below will be sold to the highest bidder for the terms described: A PART OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 34, TOWNSHIP 4 NORTH, RANGE 8 WEST, OF THE FIFTH PRINCIPAL MERIDIAN, LONOKE COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT AN EXISTING NAIL BEING THE SOUTHWEST CORNER OF THE SW1/4 OF THE SW1/4 OF SECTION 34, T4N, R8W; THENCE NORTH 89°43'35" EAST A DISTANCE OF 220.10 FEET TO A POINT; THENCE NORTH 01°20'29" WEST 297.50 FEET TO AN EXISTING 1/2" REBAR; THENCE SOUTH 89°32'33" WEST A DISTANCE OF 219.81 FEET TO A POINT; THENCE SOUTH 01°17'16" EAST A DISTANCE OF 296.79 FEET RETURNING TO THE POINT OF BEGINNING, CONTAINING 1.5 ACRES, MORE OR LESS. More commonly known as: 1004 Tippitt Road, Austin, AR 72007. The Purchaser of said property shall pay the price bid with certified funds paid at the conclusion of the sale and shall assume all transfer taxes and recording fees. If the sale is rescinded for any reason, the purchaser shall be entitled to any funds paid and shall have no further recourse. The property is sold “as is” and 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 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. W&A No. 350365 WILSON & ASSOCIATES, P.L.L.C. 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201 (501) 219-9388 Email: Info@TheWilsonLawFirm.com. DR4T- 12/28, 1/04, 1/11, 1/18/22