Details for Foreclosure

Updated

L9502 STATE OF ALABAMA COUNTY OF COFFEE NOTICE OF MORTGAGEFORECLOSURE SALE Default having been made under the terms of that certain mortgage executed by Steve P. Matherly, an unmarried man, on the 23rd day of August, 2013 to The Citizens Bank which said mortgage is recorded in the Probate Office of Coffee County, Alabama, in OFFREC Book 652, at Page 726, and by reason of such default, having declared all of the indebtedness secured by said mortgage due and payable, and such default continuing, notice is hereby given that, acting under the power of sale contained in said mortgage, The Citizens Bank will sell at public outcry, for cash, to the highest bidder, before the front entrance of the Courthouse in the City of Enterprise, Coffee County, Alabama, at 11:00 o'clock a.m. or otherwise during the legal hours of sale on November 1, 2019 the following described real estate situated in Coffee County, Alabama, to-wit: A lot or parcel of land located in Coffee County, Alabama and being more particularly described as follows: commencing at the Southwest corner of SW 1/4 of NW 1/4 , Section 13, T4N, R21E; thence S87 degrees 25' 00" E 385.90 feet to a point; thence N02 degrees 40' 00" E 187.62 feet to the Point of Beginning; thence continue N02 degrees 40' 00" E 1083.81 feet more or less and to the South right of way of Coffee County Road #537; thence S84 degrees 12' 00" E along the South right of way of Coffee County Road #537 30.30 (feet) to a point; thence continue along the South right of way of Coffee County Road #537 S88 degrees 00' 00" E 359.00 feet to a point; thence S02 degrees 40' 00" W 1085.78 feet more or less and to a point; thence N87 degrees 25' 00" W 389.71 feet to the point of beginning. Said property being located in the SW 1/4 of NW 1/4 , Section 13, T4N, R21E and containing 9.682 acres more or less. Source Deed: Amis to Matherly recorded in OR Book 126 Page 420. "INCLUDED PARCEL" The above 9.682 acres includes the following: A lot or parcel of land located in Coffee County, Alabama and being more particularly described as follows: COMMENCING at the Southwest corner of SW 1/4 of NW 1/4, Section 13, T4N, R21E; thence S 87° 25' 00" E 775.50 feet to a point; thence N02° 40' 00" E 187.62 feet to the POINT OF BEGINNING; thence continue N02° ?40' 00" E 680.00 feet to a point; thence N87° 25' 00" W 325.00 feet to a point; thence S02° 40' 00" W 311.30 feet to a point; thence S87 degrees 25' 00" E 245.00 feet to a point; thence S 02° 40' 00" W 368.70 feet to a point; thence S 87° 25' 00" E 80.00 feet to the POINT OF BEGINNING. Said property being located in the SW 1/4 of the NW 1/4 , Section 13, T4N, R21E and containing 3 acres more or less. (Easement Description) A lot or parcel of land located in Coffee County, Alabama and being more particularly described as follows: COMMENCING at the Southwest corner of SW 1/4 of NW 1/4 , Section 13, T4N, R21E; thence S 87° 25' 00" E 775.50 feet to a point; thence N02° 40' 00" E 867.62 feet to a point; thence N 87° 26' 00" W 10 feet to the centerline of said 20' easement and the POINT OF BEGINNING; thence N02°40' 00" E along the centerline of said 20' easement 405.78 feet more or less and to the South Right-of-Way of Coffee County Road #537. Said easement being 10 feet on either side of said centerline and being located in the SW 1/4 of NW 1/4 , Section 13, T4N, R21E. For informational purposes the street address for the above referenced property is: 2680 County Road 537, Enterprise, Alabama. Together with the hereditaments and appurtenances thereunto belonging and all fixtures now attached to and used in connection with the premises herein described. Said sale will be subject to the right of way easements and restrictions of record in the Probate Office of Coffee County, Alabama, subject to that certain first mortgage held by Penn Waters, LLC as assignee of Community Bank & Trust of Southeast Alabama, which mortgage was recorded in OFFRECBK 383, at Page 854 on November 15, 2006, which mortgage was thereafter assigned without recourse to Penn Waters, LLC as recorded in OFFRECBK 708, at Page 94 on July 22, 2018, subject to that certain Notice of Federal Tax Lien recorded in UCC Book 61446, on March 14, 2011, and existing special assessments, if any, which might adversely affect the title to subject property. Said property will be sold on an "As Is, Where Is" basis without warranty or recourse, express or implied as to title, use and/or enjoyment. Alabama law gives some persons who have an interest in property the right to redeem the property under certain circumstances. Programs may also exist that help persons avoid or delay the foreclosure process. An attorney should be consulted to help you understand these rights and programs as a part of the foreclosure process. Said sale will be made for the purpose of paying the indebtedness secured by the above described mortgage, and the proceeds thereof will be applied as provided by the terms of said mortgage. The Mortgagee reserves the right to bid for and purchase the real estate and to credit its purchase price against the expenses of sale and the indebtedness secured by the real estate. The failure of any high bidder to pay the purchase price and close this sale shall, at the option of Mortgagee, be cause for rejection of the bid, and if the bid is rejected, Mortgagee shall have the option of making the sale to the next highest bidder who is able, capable and willing to comply with the terms there. This sale is subject to postponement or cancellation. The Citizens Bank Mortgagee Robert P. Reynolds REYNOLDS, REYNOLDS & LITTLE, LLC Attorneys for Mortgagee 2115 11th Street Post Office Box 2863 Tuscaloosa, Alabama 35403-2863 Telephone: 205-391-0073 File No. 1344.0008 Publication Dates: October 10, 2019, October 17, 2019 and October 24, 2019. ForeclosureNotice.1344.0008 Robert P. Reynolds Attorney at Law Reynolds, Reynolds & Little, LLC 2115 11th Street Post Office Box 2863 Tuscaloosa, AL 35403-2863 Phone: 205.391.0073 Fax: 205.391.0911 Email: rreynolds@rrllaw.com www.rrllaw.com

2680 County Road, ENTERPRISE, AL 36330

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