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Type: NJF
Party: PennyMac Loan Services, LLC
County: Saline
Attorney/Contact: Wilson & Associates, PLLC
Property: 23748 North Cold Springs Road, Paron AR 72122
Property Description:

NOTICE OF DEFAULT AND INTENTION TO SELL YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On June 21, 2021, Robert Dane Young and Tameikka Young executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Bank of England, its successors and assigns; which was recorded June 23, 2021, Document No. 2021-016229 in the real estate records of Saline 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 June 24, 2024, at or about 1:00 PM at the Saline County Courthouse, Benton, Arkansas, the real property described below will be sold to the highest bidder for the terms described: All that certain parcel of land situated in the County of Saline, State of Arkansas: Part of the West Half of the Northeast Quarter of the Southwest Quarter, Section 26, Township 2 North, Range 16 West, Saline County, Arkansas, and being more particularly described as follows; Commencing at a point, said point being the Northeast corner of the West Half of the Northeast Quarter of the Southwest Quarter; thence South 1 deg. 58 min. 28 sec. West, along the East line of the West Half of the Northeast Quarter of the Southwest Quarter, a distance of 198.40 feet to a found rebar, said point being the point of beginning; thence South 66 deg. 39 min. 54 sec. West, along the North line of land described in Saline County Deed Record Book 353 at Page 202, a distance of 523.00 feet to a set rebar, said point being on the centerline of Cold Springs Road; thence along said centerline. North 22 deg. 23 min. 40 sec. West a distance of 134.64 feet to a point; thence North 13 deg. 06 min. 43 sec. West a distance of 55.17 feet to a point; thence North 7 deg. 21 min. 36 sec. West a distance of 57.17 feet to a found railroad spike, also being the Southeast corner of land described in Saline County Document No. 1997 24997; thence leaving said centerline, South 87 deg. 07 min. 06 sec. East, along the South line of land described in Saline County Document No. 1997 24997, a distance of 552.20 feet to the point of beginning., containing 1.50 acres, more or less. More commonly known as: 23748 North Cold Springs Road, Paron, AR 72122 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. 358823. WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue Suite 1400, Little Rock, AR 72201, (501) 219-9388, Email:Info@TheWilsonLawFirm.com, DR4T 5/28, 6/04, 6/11, 6/18/2024

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