Type:   NJF
Party:   Gateway First Bank
County:   Saline
Attorney/Contact:   Padgett Law Group - AR
Property:   7131 Concord Lane, Benton AR 72019
Property Description:  

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 17, 2025, 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: The east half of Lot 10, Salem Heights Subdivision, Phase II, being a part of the SE 1/4 of the SE 1/4, Section 15, Township 1 South, Range 15 West, Saline County, Arkansas, described as follows: Beginning at the Northeast corner of said Lot 10, run thence South 02 degrees 14 minutes 36 seconds West (Grid North bearing) along the East line thereof a distance of 245.10 feet; thence North 87 degrees 33 minutes 43 seconds West along South line of said Lot 10 a distance of 226.97 feet; thence North 02 degrees 13 minutes 14 seconds East a distance of 244.77 feet to the North line of said Lot 10; thence South 87 degrees 38 minutes 53 seconds East along North line of said Lot 10 a distance of 227.09 feet to the point of beginning, containing 1.265 acres, more or less. Street Address:  7131 Concord Lane, Benton, AR 72019. WHEREAS on June 25, 2021, Stephen Mark Cronk and Alesha Lynn Cronk, husband and wife executed a Mortgage in favor of Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Gateway Mortgage Group, a division of Gateway First Bank, which was recorded on June 28, 2021 as Instrument Number 2021-016626, in the real estate records of Saline County, Arkansas.  The beneficial interest of said Mortgage has been assigned to Alabama Housing Finance Authority, which is the party initiating foreclosure.  The party initiating foreclosure is Alabama Housing Finance Authority and can be contacted at or in care of its servicer initiating foreclosure at: P.O. Box 242828, Montgomery, AL 36124-2928; 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 January 6th, 2025. TIMOTHY D. PADGETT, P.A., SUBSTITUTE TRUSTEE FOR ALABAMA HOUSING FINANCE AUTHORITY. By: Renee Price, Timothy D. Padgett, P.A., 415 North McKinley, Ste 1177, Little Rock, AR 72205 (850) 422-2520 24-014753 DR4T-2/18,2/25,3/4,3/11/25


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