Type: NJFParty: Mortgage Electronic Registration SystemsCounty: SalineAttorney/Contact: Padgett Law Group - ARProperty: 1022 Hillsboro Dr, Alexander AR 72002Property 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 July 7, 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: Lot 2, The Hills, Phase 1, Saline County, Arkansas. Street Address: 1022 Hillsboro Drive, Alexander, AR 72002. WHEREAS on June 5, 2013, Martin E. Gilliland and Melissa A. Gilliland, husband and wife executed a Mortgage in favor of Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Iberiabank Mortgage Company , which was recorded on June 12, 2013 in Book 2013, Page 56310, in the real estate records of Saline County, Arkansas. The beneficial interest of said Mortgage has been assigned to U.S. Bank National Association, which is the party initiating foreclosure. The party initiating foreclosure is U.S. Bank National Association and can be contacted at or in care of its servicer initiating foreclosure at: U.S. Bank National Association, 2800 Tamarack Road, Owensboro, KY 42301, at Telephone Number 1-800-365-7772; 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 April 30th 2025. TIMOTHY D. PADGETT, P.A., SUBSTITUTE TRUSTEE FOR U.S. BANK NATIONAL ASSOCIATION. By: Renee Price, Timothy D. Padgett, P.A., 415 North McKinley, Ste 1177 Little Rock, AR 72205, (850) 422-2520, 25-005118-1. DR4T 6/10, 6/17, 6/24, 7/01/2025