Notice Content
STATE OF GEORGIA
COUNTY OF GWINNETT
NOTICE OF SALE UNDER POWER IN SECURITY DEED
On the 26th day of April, 2016, Lilburn Braden Development, LLC, executed a Deed to Secure Debt to First American Exchange Company, LLC, securing an indebtedness of FIVE HUNDRED FIFTY-SIX THOUSAND AND 00/100 DOLLARS ($556,000.00), plus interest and charges as provided in the Note thereby secured; said Security Deed was recorded on April 28, 2016, in Deed Book 54249, Pages 469-475, Gwinnett County Records. Said Security Deed was subsequently assigned to Rodney Gene Sieg and Pamela Kay Sieg, by Transfer and Assignment dated December 14, 2016, and recorded on March 20, 2017, in Deed Book 54998, Pages 81-83, Gwinnett County Records.
By virtue of the power of sale contained in said Security Deed, there will be sold by the undersigned at public outcry to the highest bidder, for cash, before the Courthouse door of Gwinnett County, Georgia, within the legal hours of sale, on the first Wednesday in July, 2017 the same being July 5, 2017, (the first Tuesday, July 4, 2017, being a legal holiday), the following described property:
All that tract or parcel of land lying and being in Land Lots 137, 138, 144 and 145 of the 6th District, Gwinnett County, Georgia, being more particularly described in Exhibit A attached hereto.
The debt secured by said Security Deed being in default, and the holder having declared, and hereby declaring the entire balance thereof due and payable because of non-payment thereof, pursuant to the terms of said Deed to Secure Debt, this sale will be made for the purpose of paying the debt secured by this Deed to Secure Debt, together with all expenses of the sale, including attorneys fees, and inclusive of additional advances required to preserve collateral.
Said property will be sold as the property of Lilburn Braden Development, LLC, subject to ad valorem taxes, easements and restrictive covenants appearing of record, if any.
Rodney Gene Sieg and Pamela Kay Sieg, as Attorneys-in-Fact for Lilburn Braden Development, LLC, Under Power of Sale contained in Deed Book 54249, Pages 469-475, Gwinnett County Records, as assigned in Deed Book 54998, Pages 81-83, Gwinnett County Records.
WILLIAM H. ARROYO & ASSOCIATES
Attorneys at Law
4228 First Avenue, Suite 10
Tucker, Georgia 30084
(770) 491-0175
EXHIBIT A
LEGAL DESCRIPTION
ALL THAT TRACT OF PARCEL OF LAND lying in and being located in Land Lots 137, 138, 144 and 145 of the 6th District, Gwinnett County, Georgia, and being more particularly described as follows:
Commencing at a 1/2 inch rebar found at the mitered intersection of the southerly right of way of Lawrenceville Highway (also known as U.S. Highway 29 and State Route 8) (having a publicly dedicated 88 foot right of way), and the easterly right of way of Braden Drive (having a publicly dedicated 60 foot right of way), said point being the TRUE POINT OF BEGINNING.
Thence leaving said mitered intersection and continuing along Lawrenceville Highway North 40 degrees 07 minutes 50 seconds East a distance of 220.34 feet to a point; Thence leaving said right of way of Lawrenceville Highway South 49 degrees 52 minutes 19 seconds East a distance of 78.39 feet to a point; Thence South 07 degrees 28 minutes 07 seconds East a distance of 30.43 feet to a point; Thence South 49 degrees 52 minutes 19 seconds East a distance of 109.03 feet to a point; Thence South 40 degrees 07 minutes 41 seconds West a distance of 126.12 feet to a point; Thence South 56 degrees 59 minutes 36 seconds East a distance of 194.60 feet to a point; Thence South 33 degrees 00 minutes 24 seconds West a distance of 103.60 feet to a 1/2 inch rebar found on said easterly right of way of Braden Drive; Thence continuing along said right of way the following courses and distances North 56 degrees 37 minutes 34 seconds West a distance of 108.93 feet to a 5/8 inch capped rebar set, thence along a curve to the right, said curve having a radius of 1445.20 feet, with an arc distance of 75.49 feet, with a chord bearing of North 55 degrees 07 minutes 47 seconds West and a chord length of 75.48 feet to a point, thence North 53 degrees 38 minutes 00 seconds West a distance of 62.40 feet to a 5/8 inch capped rebar set, thence along a curve to the right, said curve having a radius of 662.29 feet, with an arc distance of 95.50 feet, with a chord bearing of North 49 degrees 30 minutes 08 seconds West and a chord length of 95.42 feet to a 5/8 inch capped rebar set, thence North 45 degrees 22 minutes 17 seconds West a distance of 43.95 feet to a 1/2 inch rebar found at said mitered intersection of Lawrenceville Highway and Braden Drive; Thence leaving said right of way of Braden Drive North 11 degrees 17 minutes 00 seconds West a distance of 39.66 feet to a 1/2 inch rebar found, said rebar being the TRUE POINT OF BEGINNING.
Said tract of land contains 1.603 Acres (69,827 square feet).
950-491285, 6/7,14,21,28
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