Type:   NJF
Party:   U.S. Bank N.A.
County:   Saline
Attorney/Contact:   Cole Patton
Property:   15280 Joan Drive, Mabelvale AR 72103
Property Description:  

Trustee Sale No.: AR-20-78227-NJ NOTICE OF DEFAULT AND INTENTION TO SELL YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION McCarthy & Holthus, LLP MAY BE CONSIDERED A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. On 1/20/2015, JAMES RAY THOMAS, A SINGLE MAN executed a Security Instrument encumbering certain property therein described in favor of U.S. BANK N.A. which was recorded on 1/23/2015, in Book 15, Page 005340, or Document Number NA, in the real property records of Saline County, Arkansas. A default has occurred due to the failure to make timely payments of the indebtedness as required under the terms of the Security Instrument. The maturity of the indebtedness secured by the Security Instrument is hereby accelerated, and the Mortgagee or Trustee intends to sell the property pursuant to the Security Instrument to satisfy the indebtedness. The Mortgagee or Beneficiary has complied with the conditions to exercise the power of sale as set forth in Ark. Code Ann. § 18-50-103.The party initiating this action is U.S. BANK NATIONAL ASSOCIATION, 4801 Frederica Street, Owensboro, KY, 42301, 800-365-5858. The Mortgagee or Beneficiary has instructed McCarthy & Holthus, LLP to sell the property pursuant to the default provisions of the Security Instrument. McCarthy & Holthus, LLP, as Attorney-in-Fact or as Trustee, will on 4/3/2023, at or about 1:00PM, sell the real property described herein to the highest bidder for cash. The sale will be held at the Saline County Courthouse, 200 North Main Street, Benton, AR 72015. The property is being sold "as is" with no representation as to its condition. THE PURCHASER OF SAID PROPERTY SHALL PAY THE PRICE BID WITH CERTIFIED FUNDS THE DAY OF SALE AND ASSUME RESPONSIBILITY FOR ALL TRANSFER TAXES AND RECORDING FEES. The following property to be sold is located in Saline County, Arkansas, and being more particularly described as: TRACT A AND TRACT B: PART OF THE NORTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION 28, TOWNSHIP 1 SOUTH, RANGE 13 WEST, SALINE COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT WHICH IS 605 FEET EAST OF THE NORTHWEST CORNER OF THE SAID NW ¼ OF THE NE ¼ OF SECTION 28; THENCE NORTH 89 DEG. 27 MIN. EAST 269.5 FEET; THENCE RUN SOUTH 01 DEG. 07 MIN. WEST 707.7 FEET TO THE NORTH LINE OF THE C.R.I. & P. RAILROAD; THENCE RUN SOUTH 46 DEG. 29 MIN. WEST, ALONG THE NORTH LINE OF SAID RAILROAD, FOR 378.7 FEET; THENCE RUN NORTH 01 DEG. 07 MIN. EAST 965.93 FEET TO THE POINT OF BEGINNING, CONTAINING 5.17 ACRES, MORE OR LESS. ALSO, THE WEST 25 FEET OF A 50 FOOT STRIP OF PROPERTY DESCRIBED AS 25 FEET EITHER SIDE OF THE CENTERLINE, SAID CENTERLINE DESCRIBED AS: PART OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 21, TOWNSHIP 1 SOUTH, RANGE 13 WEST, SALINE COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT THAT IS 43.65 FEET WEST OF THE NORTHEAST CORNER OF THE HEREIN ABOVE DESCRIBED PROPERTY AND RUN THENCE NORTH 23 DEG. 24 MIN. WEST 300.9 FEET TO A POINT IN THE CENTER OF AN EXISTING ROAD (JOAN DRIVE). ALSO, AN EASEMENT FOR INGRESS AND EGRESS OVER THE EAST 25 FEET OF THE SAID DESCRIBED 50 FOOT STRIP OF LAND. ALSO, LESS AND EXCEPT, THE EAST 70.9 FEET OF THE NORTH 50 FEET OF THE HEREIN ABOVE DESCRIBED 5.17 ACRE TRACT FOR A ROAD EASEMENT. TOGETHER WITH AN EASEMENT FOR INGRESS AND EGRESS AND UTILITIES OVER A STRIP OF LAND 50 FEET IN WIDTH, BEING 25 FEET ON EACH SIDE OF THE CENTERLINE, SAID CENTERLINE BEING DESCRIBED AS FOLLOWS: PART OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 21, TOWNSHIP 1 SOUTH, RANGE 13 WEST, SALINE COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF THE SAID SW ¼ OF THE SE ¼ AND RUN THENCE EAST, ALONG THE NORTH LINE THEREOF, FOR 205.0 FEET TO THE POINT OF BEGINNING OF THE CENTERLINE HEREIN DESCRIBED; RUN THENCE SOUTH 00 DEG. 56 MIN. EAST FOR 8.6 FEET; THENCE SOUTH 39 DEG. 34 MIN. EAST 168.7 FEET; THENCE SOUTH 24 DEG. 49 MIN. EAST 182.6 FEET; THENCE SOUTH 20 DEG. 39 MIN. EAST 199.7 FEET; THENCE SOUTH 23 DEG. 24 MIN. EAST 641.1 FEET, THIS POINT BEING THE END OF SAID EASEMENT. LESS AND EXCEPT THAT PART DESCRIBED AS FOLLOWS: BEGINNING AT THE POINT OF BEGINNING FOR THE ABOVE DESCRIBED EASEMENT AND RUN SOUTH 00 DEG. 56 MIN. EAST FOR 8.6 FEET; THENCE SOUTH 39 DEG. 54 MIN. EAST 168.7 FEET; THENCE SOUTH 24 DEG. 49 MIN. EAST 182.6 FEET; THENCE SOUTH 20 DEG. 39 MIN. EAST 199.7 FEET; THENCE SOUTH 23 DEG. 24 MIN. EAST 15 FEET TO THE POINT OF BEGINNING OF THE EXCEPTED PART; THENCE SOUTH 23 DEG. 24 MIN. EAST 291.6 FEET; THENCE SOUTH 66 DEG. 33 MIN. WEST 25 FEET; THENCE NORTH 23 DEG. 24 MIN. WEST 291.6 FEET; THENCE NORTH 66 DEG. 35 MIN. EAST 25 FEET TO THE POINT OF BEGINNING. AND TRACT C: PART OF THE NORTH HALF OF THE NORTHEAST QUARTER OF SECTION 28, TOWNSHIP 1 SOUTH, RANGE 13 WEST, SALINE COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE NORTH LINE OF THE SAID N ½ OF THE NE ¼ THAT IS 874.5 FEET EAST OF THE NORTHWEST CORNER THEREOF; RUN THENCE EAST, ALONG THE NORTH LINE THEREOF, FOR 127.15 FEET; THENCE SOUTH 45 DEG. 58 MIN. EAST FOR 420.68 FEET TO THE NORTH LINE OF THE ROCK ISLAND RAILROAD; RUN THENCE SOUTHWESTERLY, ALONG THE NORTH LINE OF SAID RAILROAD, FOR 620.4 FEET TO A POINT THAT IS SOUTH 01 DEG. 07 MIN. WEST OF THE POINT OF BEGINNING; RUN THENCE NORTH 01 DEG. 07 MIN. EAST FOR 707.7 FEET TO THE POINT OF BEGINNING. ALSO, AN EASEMENT FOR INGRESS AND EGRESS OVER THE FOLLOWING DESCRIBED PROPERTY: BEGINNING AT THE NORTHWEST CORNER OF THE HEREIN ABOVE DESCRIBED PROPERTY AND RUN THENCE WEST FOR 70.9 FEET; THENCE SOUTH FOR 50 FEET; THENCE EAST FOR 70.9 FEET; THENCE NORTH FOR 50 FEET TO THE POINT OF BEGINNING. ALSO, AN EASEMENT 50 FEET IN WIDTH, BEING 25 FEET ON EACH SIDE OF THE CENTERLINE, SAID CENTERLINE DESCRIBED AS FOLLOWS: PART OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 21, TOWNSHIP 1 SOUTH, RANGE 13 WEST, SALINE COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT THAT IS 43.65 FEET WEST OF THE NORTHWEST CORNER OF THE LANDS DESCRIBED HEREIN ABOVE AND RUN THENCE NORTH 23 DEG. 24 MIN. WEST FOR 300.9 FEET TO A POINT IN THE CENTER OF EXISTING ROAD, BEING THE END OF SAID EASEMENT. STREET ADDRESS: 15280 JOAN DR, MABELVALE, AR 72103 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. WITNESS my hand this 11th day of January, 2023. McCarthy & Holthus, LLP _ Kimberly Glover, Attorney Reg. No. 2018115 _ Cole Patton, Attorney Reg. No. 2018206 McCarthy & Holthus, LLP One Union Plaza 124 West Capitol, Ste. 865 Little Rock, Arkansas 72201 (214) 291-3800; Fax (214) 291-3801 Direct Mail to: 1255 West 15th Street, Suite 1060 Plano, TX 75075 (214) 291-3800 IDSPub #0183431 DR4T-3/7,3/14,3/21,3/28/23