NOTICE OF SUBSTITUTE TRUSTEES SALE OF REAL ESTATE
WHEREAS, on October 3, 2014, PARAMOUNT HOLDINGS, INC., DBA PARAMOUNT
CONSTRUCTION, by Deed of Trust of record in Book T1987, at Page 1895,
in the Registers Office of Madison County, Tennessee, conveyed the
following described property in trust to secure the payment of a
Promissory Note in the original principal amount of One Hundred
Thirteen Thousand Two Hundred and 00/100 Dollars ($113,200.00),
payable to Farmers & Merchants Bank, now known as CENTENNIAL BANK; and
WHEREAS, the undersigned was appointed Substitute Trustee by
Centennial Bank, which appointment will be recorded in the Registers
Office of Madison County, Tennessee prior to the deed evidencing this
sale; and
WHEREAS, default has been made in the payment of said indebtedness
and other provisions of the Deed of Trust have been violated, and
CENTENNIAL BANK, the lawful owner and holder of the indebtedness, has
declared the entire amount due and payable as provided by the Deed of
Trust in accordance with its terms, and instructed the undersigned to
foreclose.
NOW, THEREFORE, the public is hereby notified that the undersigned
Substitute Trustee will sell the hereinafter described real estate at
public auction, to the highest and best bidder, for cash in hand paid,
at the north door of the Courthouse at Jackson, Madison County,
Tennessee, on Tuesday, November 27, 2018, at 12:15 p.m., said property
to be sold in bar of the equity of redemption and subject to the lien
of all special assessments against it. If the highest bidder cannot
pay the bid within a reasonable time to be announced at the sale, the
next highest bidder will be deemed the successful bidder.
Lying, and being situate in the City of Jackson, 5th Civil District of
Madison County, Tennessee, bounded and described as follows; to-wit:
BEING Lot No. 710, Section VII of Lansbury Place at Morford
Subdivsion, a plat of which appears of record in Plat Book 10, page
285, in the Registers Office of Madison County, Tennessee, reference
to which plat is made for a more particular description of said lot.
(Description taken from prior deed of record.)
It being the same property as that described in a Warranty Deed from
Paramount Holdings, Inc. d/b/a Paramount Construction, dated November
3, 2014, and of record in Book D726, at Page 714, in the Registers
Office of Madison County, Tennessee.
Map 065B, Group F, Parcel 031.00
The street address of the above described property is believed to be
37 Lansbury Place, Jackson, Tennessee, but such address is not part of
the legal description of the property sold herein and in the event of
any discrepancy, the legal description herein shall control.
SALE IS SUBJECT TO TENANT(S) RIGHTS IN POSSESSION, IF ANY.
This sale 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. Other interested parties: None.
This property is subject to the Restrictive Covenants as recorded in
Trust Deed Book 1711, at Page 221, and Deed Book 674, at Page 245, in
the Registers Office of Madison County, Tennessee.
This property is subject to a 30 foot setback on frontage; 15 foot
JEA utility easement on rear and other setbacks, restrictions,
easements and requirements as shown on Plat Book 10, at Page 285, in
the Registers Office of Madison County, Tennessee.
This property is subject to the easement as recorded in Deed Book
674, at Page 869 and Deed Book 676, at Page 535, in the Registers
Office of Madison County, Tennessee.
Title to said property is believed to be good, but the undersigned
will sell as Substitute Trustee only and will assign to the purchaser
all covenants of warranty contained in said Deed of Trust.
The sale held pursuant to this Notice may be rescinded at the
Successor Trustees option at any time. Said sale may be adjourned to
another time or may be postponed to another date by public
announcement at the appointed time of sale without readvertisement.
This office is a debt collector. This is an attempt to collect a debt
and any information obtained will be used for that purpose.
WITNESS my signature, this the 1st day of November, 2018.
KIZER, BONDS, HUGHES & BOWEN, LLC
BY: STEPHEN L. HUGHES
Substitute Trustee
P. O. Box 320
Milan, Tennessee 38358 (731) 686-1198
INSERTION DATES:
November 1, 2018, November 8, 2018, November 15, 2018