Type: NJFParty: Freedom Mortgage CorporationCounty: FaulknerAttorney/Contact: Wilson & Associates, PLLCProperty: 30 Adams Lake Loop, Conway AR 72032Property Description:
NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On August 26, 2016, Jacob A Vaughan executed a security instrument in favor of Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for First Financial Bank, its successors and assigns; which was recorded September 23, 2016, Document No. 201614733, 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 Freedom Mortgage Corporation, 951 Yamato Road Suite 175, Boca Raton, FL 33431, (855) 690-5900. On October 23, 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: A part of Lots 4 and 5, Block 3, Adams Lake Boat Landing Subdivision as shown on plat of record in Plat Book A, page 192, and also shown on plat of record in Plat Book E, page 45, records of Faulkner County, Arkansas, and being a part of the SE 1/4 SW 1/4 of Section 3, T4N, R13W, more particularly described as Beginning at the Southwest corner of said Lot 4, Block 3; thence Eastwardly along the South line of Lot 4, 60.00 feet to the Southeast corner of said Lot 4; thence Northwestwardly 159.00 feet (measured 156.32 feet) to the North line of said Lot 4, to a point 118.90 feet Southwesterly of the Northeast corner of Lot 3 Block 3; thence along the North line of said Lots 4 and 5, 85.00 feet to a point 8.60 feet Northeastwardly of the Northwest corner of said Lot 5; Block 3; thence Southeastwardly 143.44 (measured 144.83 feet) to a point on the South line of said Lot 5,15.80 feet Northeastwardly of the Southwest corner of Lot 5, Block 3; thence Northeastwardly 24.20 feet to the point of beginning. Road and Utility Easement: The West 50 feet of the North 210 feet of the E1/2 NE1/4 SW1/4 and part of the SE1/4 NW1/4, Section 11, Township 5 North, Range 13 West, begin at a point North 86 degrees 37 minutes 41 seconds West, 630.0 feet from the Southeast Corner of said SE1/4 NW1/4; thence North 200.0 feet; thence North 86 degrees 37 minutes 41 seconds West, 50.0 feet; thence South 200.0 feet; thence South 86 degrees 37 minutes 41 seconds East, 50.0 feet to the point of beginning. Reserving the West 50 feet of the above described tract for Road and Utility Easement. More commonly known as: 30 Adams Lake Loop, Conway, AR 72032. 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. 356659 WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue Suite 1400 Little Rock, AR 72201, (501) 219-9388, Email: Info@TheWilsonLawFirm.com DR4T-9/26,10/03,10/10,10/17/23