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HS Foreclosures
NOTICE OF SALE UNDER POWER GEORGIA, LONG COUNTY Under authority of the powers of sale and conveyance contained in that certain Deed to Secure Debt given by SOUTHERN COASTAL HOMES, INC. to GLENNVILLE BANK, dated February 19, 2015, the same being recorded in Deed Book 447, Pages 2012-2024, Long County Records, conveying the after-described property to secure a Note dated February 19, 2015, executed by SOUTHERN COASTAL HOMES, INC., in the original principal amount of TWO HUNDRED NINETY-EIGHT THOUSAND THREE HUNDRED SIXTY-NINE AND 00/100 DOLLARS ($298,369.00), with interest thereon as set forth therein, there will be sold on the first Tuesday in April, 2016, within the legal hours of sale, before the Courthouse door in Ludowici, Long County, Georgia, at public outcry to the highest bidder for cash, the land conveyed in said security deed described as follows: All that certain lot, tract or parcel of land situate, lying and being in the 1458th G. M. District of Long County, Georgia, containing 22.88 acres, more or less, as shown and represented on that certain plat of survey made and prepared by David A. Brunson, Georgia Registered Land Surveyor No. 2538, bearing a survey date of November 2008 and a plat date of November 14, 2008, and recorded in Plat Book 20, Folio 61, in the Office of the Clerk of Superior Court of Long County, Georgia, said plat by specific reference is made a part hereof for descriptive and all other purposes. Said tract of land being bounded, now or formerly, as follows: Northerly by Parish Crossing well site; Northeasterly by Lots 10 and 11, Parish Crossing, Phase I, and lands of Obro Incorporated; Southeasterly by lands of F. W. Pipkin, Sr.; Southwesterly by the right-of-way of Horsecreek Road; and Northwesterly by lands of Shelby J. Howard, all as shown on the above referred to plat of survey. The indebtedness secured by said Deed to Secure Debt has become in default as to principal and interest because of, among other possible events of default, failure to pay the indebtedness as and when due and in the manner provided in the Note and Security Deed and the whole amount of said indebtedness is declared to be in default and immediately due and payable, and the above-described property will be sold for the purpose of enforcing payment of the indebtedness secured by said Deed to Secure Debt. A deed will be executed to the purchaser at said sale conveying title as authorized in said Deed to Secure Debt. The proceeds of said sale will first be applied to the payment of the indebtedness to Glennville Bank, other charges and the expenses of sale as provided in said Deed to Secure Debt including attorney's fees (notice of intent to collect attorney's fees having been given) and the excess, if any, as provided by law. Said sale and the deed made to the purchaser at said sale will be subject to any outstanding unpaid ad valorem taxes on said property (including taxes which are a lien, but not yet due and payable), any matters which might be disclosed by an accurate survey and inspection of the property, any assessments, liens, encumbrances, zoning ordinances, restrictions, covenants, and matters of record superior to the Security Deed first set out above. To the best knowledge and belief of the undersigned, the party in possession of the property is Southern Coastal Homes, Inc., or a tenant or tenants. GLENNVILLE BANK As Agent and Attorney in Fact for Southern Coastal Homes, Inc. HUGH J. McCULLOUGH, P.C. P.O. BOX 39 GLENNVILLE, GA 30427 40705 3/9,16,23,30
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