Type: NJFParty: PHH - OcwenCounty: LonokeAttorney/Contact: Wilson & Associates, PLLCProperty: 302 Linda Lane, Cabot AR 72023Property Description:
NOTICE OF DEFAULT AND INTENTION TO SELL YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On August 29, 2006, James Holland and Linda Holland executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for The CIT Group/Consumer Finance, Inc., its successors and assigns; which was recorded September 8, 2006, Document No. 200612396 and re-recorded on May 13, 2019, Document No. 2019-04444 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 HSBC Bank USA, N.A., as Trustee on behalf of ACE Securities Corp. Home Equity Loan Trust and for the registered holders of ACE Securities Corp. Home Equity Loan Trust, Series 2007-HE2, Asset Backed Pass-Through Certificates, 1 Mortgage Way , Mt. Laurel, NJ 08054,(800) 746-2936. On August 29, 2024, 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: PART OF THE NE1/4, NE1/4, SECTION 19, TOWNSHIP 4 NORTH, RANGE 9 WEST, LONOKE COUNTY, ARKANSAS, MORE PARTICULARLY DESCIRBED AS FOLLOWS: COMMENCE AT THE NORTHEAST CORNER OF THE NE1/4, NE1/4, SECTION 19; THENCE SOUTH 1005.44 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 75.0 FEET; THENCE WEST 227.0 FEET; THENCE NORTH 75.0 FEET; THENCE EAST 227.0 FEET TO THE POINT OF BEGINNING. SUBJECT TO A 22 FEET ROAD RIGHT OF WAY EASEMENT ALONG THE EAST LINE. More commonly known as: 302 Linda Lane, Cabot, AR 72023. 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. 301887, WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue, Suite 1400, Little Rock, AR 72201, (501) 219-9388,Email: Info@TheWilsonLawFirm.com. DR4T 7/30, 8/06, 8/13, 8/20/2024