Type: NJFParty: PennyMac Loan Services, LLCCounty: LonokeAttorney/Contact: Wilson & AssociatesProperty: 209 Cross Street, Ward AR 72176Property Description:
NOTICE OF DEFAULT AND INTENTION TO SELL YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. On May 13, 2022, Steven Pellot Cordero and Holly Marie Pellot executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Mortgage Research Center, LLC dba Veterans United Home Loans, its successors and assigns; which was recorded May 18, 2022, Document No. 2022-05982 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 PennyMac Loan Services, LLC, 3043 Townsgate Road Suite 200, Westlake Village, CA 91361 , (866) 549-3583. On June 17, 2025, at or about 9:00 AM at the Lonoke County Courthouse, Lonoke, Arkansas, the real property described below will be sold to the highest bidder for the terms described: A TRACT OF LAND LOCATED IN PART OF THE SE1/4 OF THE NE1/4, SECTION 27, T5N, R9W, WARD, LONOKE COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE NW CORNER OF THE SE1/4 NE1/4, SECTION 27; THENCE SOUTH 315.0 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 178.0 FEET; THENCE EAST 330.0 FEET; THENCE NORTH 178.0 FEET; THENCE WEST 330.0 FEET TO THE POINT OF BEGINNING. as Surveyed: Tract 1 Survey Description Part Of The SE1/4 Of The NE1/4 Of Section 27, Township 5 North, Range 9 West, Lonoke County, Arkansas, More Particularly Described As Follows: Commencing At The NW Corner Of Said SE1/4, Of The NE1/4; Thence S 00°25'19" W A Distance Of 315.00 Feet To The Point Of Beginning; Thence S 89°26'16" E A Distance Of 173.50 Feet; Thence S 00°25'19" W A Distance Of 103.02 Feet; Thence S 89°34'03" E A Distance Of 156.50 Feet; Thence 00°25'18" W A Distance Of 74.48 Feet; Thence N 89°34'00" W A Distance Of 330.00 Feet; Thence N 00°25'19" E A Distance Of 177.88 Feet; Back To The Point Of Beginning, Containing 0.98 Acres More Or Less. Tract 2 Survey Description Part Of The SE1/4 Of The NE1/4 Of Section 27, Township 5 North, Range 9 West, Lonoke County, Arkansas, More Particularly Described As Follows; Commencing At The NW Corner Of Said SE Of The NE1/4; Thence S 00°25'19" W A Distance Of 315.00 Feet; Thence S 89°26'16" E A Distance Of 173.50 Feet To The Point Of Beginning; Thence S 89°26'16" E A Distance Of 156.50 Feet; Thence S 00°25'18" W A Distance Of 102.66 Feet; Thence N 89°34'03" W A Distance Of 156.50 Feet; Thence N.00°25'19" E A Distance Of 103.02 Feet; Back To The Point Of Beginning, Containing 0.37 Acres More Or Less. More commonly known as: 209 Cross Street, Ward, AR 72176. 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. 361838, WILSON & ASSOCIATES, P.L.L.C., 400 West Capitol Avenue, Suite 1400, Little Rock, AR 72201, (501) 219-9388, Email: Info@TheWilsonLawFirm.com. DR4T 5/20, 5/27, 6/03, 6/10/2025