Type: NJFParty: MCLP Asset Company, IncCounty: SalineAttorney/Contact: Padgett Law Group - ARProperty: 1108 JW Cove, Benton AR 72019Property Description:
THIS FORM PREPARED BY: Timothy D. Padgett, P.A., 415 North McKinley Ste 1177 Little Rock, AR 72205, (850) 422-2520, PLG 24-002732-7
Grantor: TIMOTHY D. PADGETT, P.A.
Grantee: MICHELLE JIMENEZ,
(or as otherwise noted by the recorder)
MORTGAGEE'S NOTICE OF DEFAULT AND INTENTION TO SELL YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION NOTICE IS HEREBY GIVEN that on December 9, 2024, at or about 01:00 PM, the subject real property described herein below will be sold at the Main Entrance to the Saline County Courthouse, 200 North Main Street, Benton, AR 72015 to the highest bidder for cash. The sale will extinguish all interests, including those of existing lien holders or previous owners in the property. THE TERMS OF SALE ARE CASH THE DAY OF SALE AND ALL TRANSFER TAXES WILL BE THE RESPONSIBILITY OF THE PURCHASER. WHEREAS, the property secured under the Mortgage is located in Saline County, Arkansas more particularly described as follows: State of Arkansas, County of Saline, and described as follows: The following lands lying in the County of Saline, State of Arkansas, to wit: Lot 25 Oak Tree Place Subdivision, Phase III to the City of Benton, Saline County Arkansas. Street Address: 1108 JW Cove, Benton, AR 72019, WHEREAS on August 23, 2016, Michelle Jimenez, unmarried woman executed a Mortgage in favor of Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Centennial Bank, which was recorded on September 8, 2016 as Instrument Number 2016-017128, and modified in Instrument Number 2019-015437 in the real estate records of Saline County, Arkansas. The beneficial interest of said Mortgage has been assigned to MCLP Asset Company, Inc., which is the party initiating foreclosure. The party initiating foreclosure is MCLP Asset Company, Inc. and can be contacted at or in care of its servicer initiating foreclosure at: Selene Finance LP 3501 Olympus Boulevard 5th Floor, Suite 500 Dallas, TX 75019 at Telephone Number (877) 768-3759; and WHEREAS, there may be tenants that claim an interest in the real property herein based upon said tenancy; and WHEREAS, the undersigned is the attorney for the mortgagee and is acting on and with the consent and authority of the mortgagee who is exercising its power of sale under Ark. Code Ann. §18-50-115 which implies a power of sale in every mortgage of real property situated in this state that is duly acknowledged and recorded; and default has occurred in the payment of said indebtedness, and the same is now therefore wholly due; and the holder of the debt has requested the undersigned to sell the property to satisfy said indebtedness. The undersigned is an active, licensed member of the Bar of the Supreme Court of the State of Arkansas, and the law firm of the undersigned maintains an office at 415 N. McKinley St., Suite 1177, Little Rock, AR 72205 that is located within the State of Arkansas, is accessible to the public during regular business hours, and has the ability to accept funds from a grantor, mortgagor, or obligor to reinstate or pay off a mortgage or deed of trust. WITNESS my hand this September 24th, 2024. TIMOTHY D. PADGETT, P.A., SUBSTITUTE TRUSTEE FOR MCLP ASSET COMPANY, INC. By: Renee Price, Timothy D. Padgett, P.A., 415 North McKinley, Ste 1177, Little Rock, AR 72205, (850) 422-2520, 24-002732-7. DR4T 11/12, 11/19, 11/26, 12/03/24