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NOTICE OF DEFAULT AND INTENTION TO SELL
YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION.
IF YOUR PROPERTY IS SOLD, YOU WILL REMAIN LIABLE FOR ANY DEFICIENCY WHICH THEN EXISTS AND AN ACTION FOR COLLECTION MAY BE BROUGHT AGAINST YOU.
WHEREAS, on July 27, 1998, Joe B Powell and Kathy Powell executed a security instrument conveying certain property therein described to AMRESCO Residential Mortgage Corporation; and
WHEREAS, said instrument was duly recorded August 5, 1998, in Book No. 184, at Page 383, in the real estate records of Cleburne County, Arkansas; and
WHEREAS, the default is due to missed payments beginning with a due date of October 1, 2020 under the terms of the Note and indebtedness. Because of the failure to fully cure the default the indebtedness was accelerated and is wholly due. The Mortgagee 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.
WHEREAS, 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 Wells Fargo Bank, National Association, successor by merger to Wells Fargo Bank Minnesota, National Association, as Trustee f/k/a Norwest Bank Minnesota, National Association, as Trustee for Amresco RSCM Loan Trust 1998-3, 1661 Worthington Road Suite 100, West Palm Beach, FL 33409 , (800) 746-2936
NOW, THEREFORE, Wilson & Associates, P.L.L.C., as Attorney-in-Fact or as Trustee,, by virtue of the power, duty, and authority vested in and imposed upon it, will, on September 14, 2021, at or about 11:30 AM at the Cleburne County Courthouse, Heber Springs, Arkansas, offer for sale certain property hereinafter described to the highest bidder for cash, free from the statutory right of redemption, homestead, dower, and all other exemptions which are expressly waived in the mortgage, said property being real estate situated in Cleburne County, Arkansas, and being more particularly described as follows:
A tract situated in the NW 1/4 of the SW 1/4 of Section 33, T-11-N, R-9-W, Cleburne County, Arkansas, more particularly described as beginning at the NE corner of the afore-said NW 1/4 of the SW 1/4 and proceeding S 01 degrees 45'17"W 217.67 feet; thence S 88 degrees 37'17"W 425.00 feet; thence S 86 degrees 37'42"W 200 feet to the true point of beginning and also being a point on the Southerly right of way line of Arkansas Highway No. 25; thence departing said right-of-way line bearing South 05 degrees 15' 29"E 197.94 feet; thence S 86 degrees 51'15"W 28.50 feet; thence S 69 degrees 03'22"W 189.61 feet; thence N 27 degrees 33'00"W 200.00 feet to a point on said right-of-way line of Arkansas Highway No. 25; thence North 64 degrees 47'30" East 95.40 feet along said right of way line; thence North 72 degrees 11'22"E 100 feet along said right-of-way line; thence North 79 degrees 41'02"E 100.00 feet along said right-of-way line to the true point of beginning.
More commonly known as: 2200 Heber Springs Road North, Tumbling Shoals, AR 72581
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.
The sale held pursuant to this Notice may be rescinded at any time. 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. THE SALE OF THIS PROPERTY WILL BE AUCTIONED WITH RESERVE. THE TERMS OF SALE ARE CERTIFIED FUNDS PAID AT THE CONCLUSION OF THE SALE, OR CREDIT BID FROM A BANK OR OTHER LENDING ENTITY PRE-APPROVED BY THE SUCCESSOR TRUSTEE. W&A No. 349863
WILSON & ASSOCIATES, P.L.L.C.
400 West Capitol Avenue
Suite 1400
Little Rock, AR 72201
(501) 219-9388
Email: Info@TheWilsonLawFirm.com
75439043f Show more »
YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION.
IF YOUR PROPERTY IS SOLD, YOU WILL REMAIN LIABLE FOR ANY DEFICIENCY WHICH THEN EXISTS AND AN ACTION FOR COLLECTION MAY BE BROUGHT AGAINST YOU.
WHEREAS, on July 27, 1998, Joe B Powell and Kathy Powell executed a security instrument conveying certain property therein described to AMRESCO Residential Mortgage Corporation; and
WHEREAS, said instrument was duly recorded August 5, 1998, in Book No. 184, at Page 383, in the real estate records of Cleburne County, Arkansas; and
WHEREAS, the default is due to missed payments beginning with a due date of October 1, 2020 under the terms of the Note and indebtedness. Because of the failure to fully cure the default the indebtedness was accelerated and is wholly due. The Mortgagee 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.
WHEREAS, 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 Wells Fargo Bank, National Association, successor by merger to Wells Fargo Bank Minnesota, National Association, as Trustee f/k/a Norwest Bank Minnesota, National Association, as Trustee for Amresco RSCM Loan Trust 1998-3, 1661 Worthington Road Suite 100, West Palm Beach, FL 33409 , (800) 746-2936
NOW, THEREFORE, Wilson & Associates, P.L.L.C., as Attorney-in-Fact or as Trustee,, by virtue of the power, duty, and authority vested in and imposed upon it, will, on September 14, 2021, at or about 11:30 AM at the Cleburne County Courthouse, Heber Springs, Arkansas, offer for sale certain property hereinafter described to the highest bidder for cash, free from the statutory right of redemption, homestead, dower, and all other exemptions which are expressly waived in the mortgage, said property being real estate situated in Cleburne County, Arkansas, and being more particularly described as follows:
A tract situated in the NW 1/4 of the SW 1/4 of Section 33, T-11-N, R-9-W, Cleburne County, Arkansas, more particularly described as beginning at the NE corner of the afore-said NW 1/4 of the SW 1/4 and proceeding S 01 degrees 45'17"W 217.67 feet; thence S 88 degrees 37'17"W 425.00 feet; thence S 86 degrees 37'42"W 200 feet to the true point of beginning and also being a point on the Southerly right of way line of Arkansas Highway No. 25; thence departing said right-of-way line bearing South 05 degrees 15' 29"E 197.94 feet; thence S 86 degrees 51'15"W 28.50 feet; thence S 69 degrees 03'22"W 189.61 feet; thence N 27 degrees 33'00"W 200.00 feet to a point on said right-of-way line of Arkansas Highway No. 25; thence North 64 degrees 47'30" East 95.40 feet along said right of way line; thence North 72 degrees 11'22"E 100 feet along said right-of-way line; thence North 79 degrees 41'02"E 100.00 feet along said right-of-way line to the true point of beginning.
More commonly known as: 2200 Heber Springs Road North, Tumbling Shoals, AR 72581
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.
The sale held pursuant to this Notice may be rescinded at any time. 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. THE SALE OF THIS PROPERTY WILL BE AUCTIONED WITH RESERVE. THE TERMS OF SALE ARE CERTIFIED FUNDS PAID AT THE CONCLUSION OF THE SALE, OR CREDIT BID FROM A BANK OR OTHER LENDING ENTITY PRE-APPROVED BY THE SUCCESSOR TRUSTEE. W&A No. 349863
WILSON & ASSOCIATES, P.L.L.C.
400 West Capitol Avenue
Suite 1400
Little Rock, AR 72201
(501) 219-9388
Email: Info@TheWilsonLawFirm.com
75439043f Show more »