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Type: NJF
Party: PennyMac Loan Services, LLC
County: Faulkner
Attorney/Contact: Wilson & Associates, PLLC
Property: 348 Otto Road, Vilonia AR 72173
Property Description:

NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On September 20, 2022, Emily Andrews and Cassady Gortney executed a security instrument in favor of Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for FirstTrust Home Loans, Inc., its successors and assigns; which was recorded September 26, 2022, Document No. L202217190, 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 PennyMac Loan Services, LLC, 3043 Townsgate Road Suite 200, Westlake Village, CA 91361, (866) 549-3583. On October 2, 2023, at or about 10:00 AM at the Faulkner County Courthouse, Conway, Arkansas, the real property described below will be sold to the highest bidder for the terms described: Deeded legal-Part of the E 1/2 W 1/2 NE 1/4 Section 35, T5N, R12W, Faulkner County, Arkansas, described as commencing at the Northeast corner of said E 1/2 W 1/2 NE 1/4 and run North 89 degrees 27 minutes 44 seconds West along the North line of said E 1/2 W 1/2 NE 1/4 295.16 feet to the point of beginning; thence continue North 89 degrees 27 minutes 44 seconds West 373.27 feet; thence leaving said North line South 0 degrees 01 minutes 27 seconds East 294.29 to the centerline of Otto Road; thence North 58 degrees 08 minutes 41 seconds East along said centerline 238.30 feet; thence North 62 degrees 36 minutes 31 seconds East along said centerline 192.30 feet; thence leaving said centerline North 00 degrees 00 minutes 48 seconds East 72.51 feet to the point beginning. Reserving the South 25 feet for road easements. Surveyed legal-A part of the NW 1/4 of the NE 1/4 of Section 35, Township 5 North, Range 12 West, being more particularly described as follows: Commencing at the Northwest corner of said NW1/4 NE 1/4 and run thence N 87°31'48"W 420.00' the point of beginning; thence S02°33'31"W 130.15' to the centerline of Otto Road; thence along the centerline of Otto Road the following four calls: S62°16'08"W 73.60'; S60°32'27"W 58.17'; S60°33'46"W 86.04'; S 59°22'28"W 74.70'; thence leaving the centerline of Otto Road N02°32'52"E 284.17' to a point on the North line of said NW 1/4 NE 1/4; thence S87°31'48"E 248.43' to the point of beginning, containing 0.95 acres more or less. More commonly known as: 348 Otto Road, Vilonia, AR 72173. 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. 355955 WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201, (501) 219-9388, Email: Info@TheWilsonLawFirm.com DR4T-9/5,9/12,9/19,9/26/23