TRUSTEE’S NOTICE OF SALE OF REAL ESTATE
KNOW ALL MEN BY THESE PRESENTS: THAT, WHEREAS, by deed of trust
dated April 8, 2011, recorded in the Register’s Office of Madison
County, Tennessee in Deed Book 1903, page 990, et seq., William
Ricketts and wife, Bettie Ricketts did convey in trust to Neal Smith,
Trustee, the real estate hereinafter described to secure the payment
of the principal sum of $67,984.84, payable to the order of the
Chester County Bank, Henderson, Tennessee, evidenced by a certain
promissory note described in said deed of trust and being incorporated
by reference; and,
WHEREAS, said deed of trust provided that in the event of a default
in the payment of the indebtedness required to be paid under said
note, when the same are due and payable, the entire indebtedness
shall, at the option of the owner and holder thereof, become due and
payable forthwith; and,
WHEREAS, default has been made in the payment of said indebtedness,
now due, and the owner and holder of said note has declared the entire
unpaid balance now due and payable, and has called upon Neal Smith,
the nominated Trustee, to foreclose said deed of trust according to
the terms and provisions thereof;
NOW, THEREFORE, by virtue of the authority vested in me as such
Trustee under said deed of trust, I will, on Friday, March 2, 2018,
offer for sale and sell, at the front door of the Courthouse in
Jackson, Madison County, Tennessee, at 1:30 P.M., to the last, highest
and best bidder, for cash in hand and in bar of the equity of
redemption, the following described real estate located in MADISON
COUNTY, TENNESSEE, more particularly bounded and described as follows,
towit:
BEGINNING at an iron pin on the west margin of Diamond Grove Road (30
feet at right angles from centerline) at the southeast corner of
Julius Bowles as recorded in Deed Book 506, page 15, in the Register’s
Office of Madison County, Tennessee; thence with the west margin of
Diamond Grove Road south 20° 34' 10" west a distance of 116.34 feet to
a point; thence south 22° 33' 04" west a distance of 211.46 feet to an
iron pin; thence with new lines north 65° 54' 49" west a distance of
319.69 feet to an iron pin; thence north 14° 39' 09" east a distance
of 187.85 feet to an iron pin on Bowles’ south line; thence with
Bowles’ south line south 88° 45' east a distance of 366.40 feet to the
point of beginning. Containing 1.98 acre, as surveyed by David Hall
Land Surveying Company, R.L.S. No. 943, on March 2, 1999.
This is identical real estate conveyed to William D. Ricketts and
wife, Bettie Ricketts from Tommy Stout and wife, Betty J. Stout by
Warranty Deed dated May 31, 2002, of record in the Register’s Office
of Madison County, Tennessee, in Deed Book 629, page 454.
SUBJECT TO THE RESTRICTION THAT NO SINGLE WIDE TRAILERS, DOUBLE WIDE
TRAILERS OR MANUFACTURED HOMES SHALL BE BROUGHT UPON OR PLACED UPON
ANY LOT WITHIN THE SAID SUBDIVISION AS RECORDED OF RECORD IN THE
REGISTER’S OFFICE OF MADISON COUNTY, TENNESSEE, IN DEED BOOK 594, PAGE
367.
SUBJECT TO A 40 FOOT SETBACK ON THE EAST SIDE AS SHOWN ON A PLAT OF
RECORD IN THE REGISTER’S OFFICE OF MADISON COUNTY, TENNESSEE, IN PLAT
BOOK 8, PAGE 82.
Street Address: 550 Diamond Grove Road, Beech Bluff, Tennessee 38313
Liens in favor of the United State or the State of Tennessee: None
Map 125, Parcel 34.02, Madison County Tax Assessors Office
Other parties interested in this property: None
Said sale shall be made subject to any outstanding indebtedness,
taxes, or other encumbrances which may constitute a valid prior lien
against said property, if any. Said property shall be sold and
conveyed by the undersigned as Trustee only, and not further or
otherwise, and the buyer shall rely upon his own good judgment and
investigation as to the status of title.
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.
If the highest bidder cannot pay the bid within twenty-four (24)
hours of the sale, the next highest bidder, at their highest bid, will
be deemed the successful bidder.
This property is being sold with the express reservation that the
sale is subject to confirmation by the lender of trustee. This sale
may be rescinded at any time.
This office is a debt collector. This is an attempt to collect a
debt and any information obtained will be used for that purpose.
Dated at Henderson, Tennessee, this January ________, 2018.
_______________________________, TRUSTEE
Neal Smith
Published: February 8, 15, and 22, 2018