Type: NJFParty: Highlands Residential Mortgage, LTDCounty: SalineAttorney/Contact: Padgett Law Group - ARProperty: 2415 Kruse Loop, Alexander AR 72002Property Description:
THIS FORM PREPARED BY: Timothy D. Padgett, P.A., 415 North McKinley, Ste 1177
Little Rock, AR 72205, (850) 422-2520. PLG 24-014411-1
Grantor: TIMOTHY D. PADGETT, P.A.
Grantee: KATHLEEN JANE BASSETT, RICHARD EDWARD BASSETT,
(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 March 4, 2025, at or about 09:00 AM, 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: Part of the Northeast Quarter of the Northeast Quarter, Section 36, Township 1 North, Range 15 West, Saline County, Arkansas, more particularly described as follows: Commencing at the Southwest Corner of the Northeast Quarter of the Northeast Quarter, and run thence East along the South line thereof for 240 feet; thence North 1 deg. 28 min. 39 sec. West 516.31 feet; thence South 89 deg. 59 min. 18 sec. East 129.02 feet; thence North 1 deg. 43 min. 39 sec. West 215 feet to the point of beginning: thence North 88 deg. 45 min. 47 sec. East 122.39 feet; thence North 1 deg. 28 min. 39 sec. East 142 feet; thence South 88 deg. 45 min. 47 sec. West 122.39 feet; thence South 1 deg. 43 min. 39 sec. West 142 feet to the point of beginning. Survey description: Part of the Northeast Quarter of the Northeast Quarter of Section 36, Township 1 North, Range 15 West, Saline County, Arkansas, and being more particularly described as follows: Commencing at a calculated point, said point being at the Southwest corner of the said Northeast Quarter of the Northeast Quarter; thence South 87 degrees 08 minutes 27 seconds East a distance of 240.00 feet to a point; thence North 01 degree 22 minutes 54 seconds East a distance of 516.31 feet to a point; thence South 87 degrees 07 minutes 45 seconds East a distance of 129.02 feet to a point; thence North 01 degree 07 minutes 45 seconds East a distance of 215.00 feet to a found rebar, said point being at the point of beginning; thence North 01 degree 13 minutes 56 seconds East a distance of 142.00 feet to a point; thence South 88 degrees 22 minutes 36 seconds East a distance of 121.46 feet to a point; thence South 01 degree 05 minutes 33 seconds West a distance of 142.00 feet to a found rebar; thence North 88 degrees 22 minutes 40 seconds West a distance of 121.80 feet to the point of beginning. Containing 0.40 acres, more or less.Together with that certain 2003 Fleetwood 56x55 Anniversary 0563T mobile home with Vehicle Identification Number(s): KYFL445A06238-AV12/KYFL445B06238-AV12. Street Address: 2415 Kruse Loop, Alexander, AR 72002. WHEREAS on January 7, 2022, Richard Edward Bassett and Kathleen Jane Bassett, husband and wife executed a Mortgage in favor of Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Highlands Residential Mortgage, LTD, which was recorded on January 14, 2022 as Instrument Number 2022-001140, in the real estate records of Saline County, Arkansas. The beneficial interest of said Mortgage has been assigned to Servis One, Inc. dba BSI Financial Services, which is the party initiating foreclosure. The party initiating foreclosure is SERVIS ONE, INC DBA BSI FINANCIAL SERVICES and can be contacted at or in care of its servicer initiating foreclosure at: BSI Financial Services, Inc. , 314 S Franklin St., Titusville, PA 16354, at Telephone Number 716-961-8319; 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 December 30 2024.TIMOTHY D. PADGETT, P.A., SUBSTITUTE TRUSTEE FOR SERVIS ONE, INC DBA BSI FINANCIAL SERVICES, By: Renee Price, Timothy D. Padgett, P.A., 415 North McKinley Ste 1177, Little Rock, AR 72205, (850) 422-2520, PLG 24-014411-1. DR4T 2/4, 2/11, 2/18, 2/25/2025