Type: NJFParty: Wells Fargo Bank, N.A.County: FaulknerAttorney/Contact: Wilson & Associates, PLLCProperty: 50 Cypress Valley Road, Vilonia AR 72173-9491Property Description:
NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On August 3, 1998, Pamela S Abel and Bobbie G Abel executed a security instrument in favor of Mortgage Investors Corporation; which was recorded August 13, 1998, in Book No. 1998, at Page 24630, and modified on October 18, 2017, Document No. 201716433 in the real estate records of Faulkner 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 Wells Fargo Bank, N.A., 1000 Blue Gentian Road N9286-01Y, Eagan, MN 55121, (866) 234-8271. On February 21, 2023, at or about 2:30 PM at the Faulkner County Courthouse, Conway, Arkansas, the real property described below will be sold to the highest bidder for the terms described: Part of the E1/2 SE1/4, Section 3, T5N, R11W, Faulkner County, Arkansas, Being more particularly described as Beginning at the Southeast corner of said Section 3; Thence North along the East line of said Section 3 835.0 feet to the point of beginning; Thence South 89 Degrees 24 minutes 10 seconds West, 594.0 Feet; Thence North, 150.0 feet; Thence North 89 degrees 24 minutes 10 seconds East, 594.0 feet to the East line of said Section 3; Thence South along said East line of 150.0 feet to the point of beginning. More commonly known as: 50 Cypress Valley Road, Vilonia, AR 72173-9491. 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 If the sale is rescinded for any reason, the purchaser shall be entitled to any funds paid and shall have no further recourse.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. 316565 WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201, (501) 219-9388, Email: Info@TheWilsonLawFirm.com DR4T-01/24,01/31,02/07,02/14/23