Type: NJFParty: Selene Finance, LPCounty: LonokeAttorney/Contact: Wilson & Associates, PLLCProperty: 114 John Shelton Road, Jacksonville AR 72076Property Description:
NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On April 4, 1996, Sandra Lee Smith and Robert L Smith executed a security instrument in favor of First Jacksonville Mortgage Company; which was recorded April 8, 1996, in Book No. 438, at Page 355, 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 U.S. Bank Trust National Association, not in its individual capacity but solely as owner trustee for RCF 2 Acquisition Trust c/o U.S. Bank Trust National Association, 3501 Olympus Boulevard, 5th Floor, Suite 500 , Dallas, TX 75019, (877)735-3637. On May 30, 2023, at or about 11:00 AM at the Lonoke County Courthouse, Lonoke, Arkansas, the real property described below will be sold to the highest bidder for the terms described: TRACT I: PART OF THE SEl/4 OF THE NEl/4 SECTION 35, TOWNSHIP 3 NORTH RANGE 10 WEST, LONOKE COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGIN AT A POINT 1008.16 FEET NORTH OF THE SE CORNER OF THE NEl/4 SECTION 35, T3N, R1OW, THENCE NORTH 100 FEET; THENCE WEST 250 FEET; THENCE SOUTH 100 FEET; THENCE EAST 250 FEET TO THE POINT OF BEGINNING. TRACT II: PART OF THE NEl/4 SECTION 35, TOWNSHIP 3 NORTH RANGE 10 WEST, LONOKE COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SE CORNER OF SAID NEl/4 THENCE RUN NORTH 908.16 FEET TO THE POINT OF BEGINNING; THENCE WEST 250 FEET; THENCE NORTH 100 FEET; THENCE EAST 250 FEET; THENCE SOUTH 100 FEET TO THE POINT OF BEGINNING. A PUBLIC EASEMENT OF 25 FEET FOR ROADWAY EXISTS ALONG THE EAST SIDE.M More commonly known as: 114 John Shelton Road, Jacksonville, AR 72076. 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. 354469 WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201, (501) 219-9388, Email: Info@TheWilsonLawFirm.com DR4T-5/2,5/9,5/16,5/23/23