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MORTGAGE FORECLOSURE SALE Default ha

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1/11/2018
moultonadvertiser.com

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MORTGAGE FORECLOSURE SALE
Default having been made in the payment of the indebtedness secured by that certain mortgage executed by Jamie L. Baker and Jessica A. Baker, husband and wife, originally in favor of Regions Bank d/b/a Regions Mortgage, on the 24th day of September, 2012, said mortgage recorded in the Office of the Judge of Probate of Lawrence County, Alabama, in MORT Book 765, Page 212; the undersigned Regions Bank d/b/a Regions Mortgage, as Mortgagee/Transferee, under and by virtue of the power of sale contained in said mortgage, will sell at public outcry to the highest bidder for cash, in front of the main entrance of the Courthouse at Moulton, Lawrence County, Alabama, on March 21, 2018, during the legal hours of sale, all of its right, title, and interest in and to the following described real estate, situated in Lawrence County, Alabama, to-wit:
Tract 1: A tract of land containing 1.45 acres situated in the SE 1/4 of the NE 1/4 of Section 5, Township 7 South, Range 8 West, Lawrence County, Alabama, being described as follows:
Beginning at the Southeast Corner of the NE 1/4 of Section 5, Township 7 South, Range 8 West, thence run South 88 degrees 48 minutes West a distance of 455 feet; thence run North 3 degrees 05 minutes West a distance of 1018.7 feet to a point on the North right of way line of Alabama Highway No. 24, said point being the True Point of Beginning; thence continue North 3 degrees 05 minutes West a distance of 278.47 feet; thence run North 89 degrees 50 minutes West a distance of 212 feet; thence run South 7 degrees 50 minutes East a distance of 361.6 feet to a point on the said North right of way line of Alabama Highway No. 24; thence run North 65 degrees 53 minutes East along said right of way line a distance of 194.7 feet to the True Point of Beginning.
Tract 2: Commence at the Southwest Corner of East 1/2 of NE 1/4 of Section 5, Township 7 South, Range 8 West; thence North 01 degrees 32 minutes 41 seconds East along West boundary of East 1/2 of said Quarter Section, 654.16 feet to a point on the North right of way of Alabama Highway No. 24, said point being located at right angles to and 40 feet North of center line of said highway; thence North 67 degrees 18 minutes 30 seconds East along said right of way 161.43 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from William R. Young and wife, Edna Young, to Alton Lamar Rose and wife, Edna Ruth Rose, July 14, 1975, by deed recorded in Deed Book 97, Page 74, in Lawrence County, Alabama, Probate Office; thence North 68 degrees 04 minutes 08 seconds East along said highway right of way, 181.41 feet to a 4 inch diameter concrete monument at Southeast Corner of said Rose tract; thence North 69 degrees 03 minutes 29 seconds East along said right of way, 363.10 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from William R. Young and wife Edna Young, to William Jerry Young and wife, Shirley Fay Young, dated June 18, 1976, by deed recorded in Deed Book 98, Page 931, in Lawrence County, Alabama, Probate Office; thence North 69 degrees 05 minutes 52 seconds East, 194.26 feet to a 4 inch diameter concrete monument at Southeast Corner of said William Jerry Young tract, said point being the Point of Beginning of herein described tract of land and is also the Southwest Corner of the 0.32 acre tract of land which is described in the deed from Robert K. Cunningham to Jason Byars and wife, Terri Byars, dated April 30, 1993, recorded in Deed Book 141, Pages 6 and 7, in Lawrence County, Alabama, Probate Office; thence North 00 degrees 12 minutes 22 seconds East, 278.19 feet to a 4 inch diameter concrete monument at Northeast Corner of said William Jerry Young tract and the Northwest Corner of said Byars tract; thence South 86 degrees 32 minutes 38 seconds East along North boundary of said Byars tract, 38.35 feet; thence South 01 degrees 31 minutes 19 seconds West, 263.90 feet to a point on North right of way of Alabama Highway 24; thence South 69 degrees 30 minutes 02 seconds West, 34.45 feet to Point of Beginning, containing 0.22 acre, lying and being located in SE 1/4 of NE 1/4 of Section 5 Township 7 South, Range 8 West, Lawrence County, Alabama.
Tract 3: Commence at the Southwest Corner of East 1/2 of NE 1/4 of Section 5, Township 7 South, Range 8 West; thence North 01 degrees 32 minutes 41 seconds East along West boundary of East 1/2 of said Quarter Section, 654.16 feet to a point on the North right of way of Alabama Highway No. 24, said point being located at right angles to and 40 feet North of center line of said highway; thence North 67 degrees 18 minutes 30 seconds East along said right of way, 161.43 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from William R. Young and wife, Edna Young to Alton Lamar Rose and wife, Edna Ruth Rose, July 14, 1975, by deed recorded in Deed Book 97, Page 74, in Lawrence County, Alabama, Probate Office; thence North 68 degrees 04 minutes 08 seconds East along said highway right of way, 181.41 feet to a 4 inch diameter concrete monument at Southeast Corner of said Rose Tract; thence North 69 degrees 03 minutes 29 seconds East along said right of way, 345.90 feet to the Point of Beginning of herein described tract of land; thence North 04 degrees 36 minutes 06 seconds West, 371.51 feet; thence North 00 degrees 40 minutes 11 seconds West, 837.97 feet; thence South 87 degrees 54 minutes 55 seconds East 309.21 feet to point in center of a ditch; thence South 06 degrees 19 minutes 56 seconds East along center of ditch, 88.74 feet; thence South 29 degrees 26 minutes 41 seconds East along center of ditch, 46.92 feet; thence South 55 degrees 20 minutes 42 seconds East along center of ditch, 150.89 feet; thence South 39 degrees 18 minutes 45 seconds East along center of ditch 39.30 feet; thence South 00 degrees 38 minutes 49 seconds East along an old fence, 571.44 feet; thence North 87 degrees 40 minutes 24 seconds West, 220.06 feet; thence South 01 degree 31 minutes 19 seconds West, 37.97 feet to a point on the North boundary of the 0.32 acre tract of land which is described in the deed from Robert K. Cunningham to Jason Byars and wife, Terri Byars, dated April 30, 1993, recorded in Deed Book 141, Pages 6 and 7, in Lawrence County, Alabama, Probate Office; thence North 86 degrees 32 minutes 38 seconds West 38.35 feet to a 4 inch diameter concrete monument at Northwest Corner of said Byars tract, said point is also the Northeast Corner that certain tract of land conveyed from William R. Young and wife, Edna Young, to William Jerry Young and wife, Shirley Fay Young, dated June 18, 1976, by deed recorded in Deed Book 98, Page 931, in Lawrence County, Alabama, Probate Office; thence North 87 degrees 40 minutes 24 seconds West, 212.00 feet to Northwest Corner of said William Jerry Young tract; thence South 04 degrees 42 minutes 40 seconds East, 357.31 to a 4 inch diameter concrete monument at Southwest Corner of said William Jerry Young tract, said point being located on North right of way of Alabama Highway 24; thence South 69 degrees 03 minutes 29 seconds West, 17.20 feet to Point of Beginning, containing 8.76 acres, lying and being located in East 1/2 of NE 1/4 of Section 5, Township 7 South, Range 8 West, Lawrence County, Alabama.
Tract 4: Commence at the Southwest Corner of East 1/2 of NE 1/4 of Section 5, Township 7 South, Range 8 West; thence North 01 degree 32 minutes 41 seconds East along West boundary of East 1/2 of said Quarter Section, 654.16 feet to a point on the North right of way of Alabama Highway No. 24, said point being located at right angles to and 40 feet North of center line of said highway; thence North 67 degrees 18 minutes 30 seconds East along said right of way, 161.43 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from Willian R. Young and wife Edna Young, to Alton Lamar Rose and wife, Edna Ruth Rose, July 14, 1975, by deed recorded in Deed Book 97, Page 74, in Lawrence County, Alabama, Probate Office; thence North 68 degrees 04 minutes 08 seconds East along said highway right of way, 181.41 feet to a 4 inch diameter concrete monument at Southeast Corner of said Rose tract; thence North 69 degrees 03 minutes 29 seconds East along said right of way, 363.10 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from William R. Young and wife Edna Young, to William Jerry Young and wife, Shirley Fay Young, dated June 18, 1976, by deed recorded in Deed Book 98, Page 931, in Lawrence County, Alabama, Probate Office; thence North 69 degrees 05 minutes 52 seconds East, 194.26 feet to a 4 inch diameter concrete monument at Southeast Corner of said William Jerry Young tract, said point is also the Southwest Corner of the 0.32 acre tract of land which is described in the deed from Robert K. Cunningham to Jason Byars and wife, Terri Byars, dated April 30, 1993, recorded in Deed Book 141, Pages 6 and 7, in Lawrence County, Alabama, Probate Office; thence North 00 degrees 12 minutes 22 seconds East, 278.19 feet to a 4 inch diameter concrete monument at Northeast Corner of said William Jerry Young tract and the Northwest Corner of said Byars tract; thence South 86 degrees 32 minutes 38 seconds East along North boundary of said Byars tract, 38.35 feet to the Point of Beginning of herein described tract of land; thence North 01 degree 31 minutes 19 seconds East, 37.97 feet; thence South 87 degrees 40 minutes 24 seconds East, 220.06 feet to a point on an old North-South fence; thence South 01 degree 47 minutes 38 seconds East along said fence, 48.84 feet to Northeast Corner of the one acre tract of land which is described in the deed from Robert K. Cunningham to Jason Byars and wife, Terri Byars, dated April 30, 1993, recorded in Deed Book 141, Pages 6 and 7, in Lawrence County, Alabama, Probate Office; thence North 87 degrees 40 minutes 24 seconds West, 208.70 feet to a point on the East boundary of the 0.32 acre tract described in said Byars deed; thence North 00 degrees 12 minutes 22 seconds East, 10.48 feet to Northeast Corner of said 0.32 acre tract; thence North 86 degrees 32 minutes 38 seconds West 13.95 feet to Point of Beginning, containing 0.24 acre, lying and being located in SE 1/4 of NE 1/4 of Section 5, Township 7 South, Range 8 West, Lawrence County, Alabama.
Less and Except:
Commence at the Southwest Corner of East 1/2 of NE 1/4 of Section 5, Township 7 South, Range 8 West; thence North 01 degree 32 minutes 41 seconds East along West boundary of East 1/2 of said Quarter Section, 654.16 feet to a point on the North right of way of Alabama Highway No. 24, said point being located at right angles to and 40 feet North of center line of said highway; thence North 67 degrees 18 minutes 30 seconds East along said right of way, 161.43 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from William R. Young and wife Edna Young to Alton Lamar Rose and wife, Edna Ruth Rose, July 14, 1975, by deed recorded in Deed Book 97, Page 74 in Lawrence County, Alabama Probate Office; thence North 68 degrees 04 minutes 08 seconds East along said highway right of way, 181.41 feet to a 4 inch diameter concrete monument at Southeast Corner of said Rose tract; thence North 69 degrees 03 minutes 29 seconds East along said right of way, 363.10 feet to a 4 inch diameter concrete monument at Southwest Corner of that certain tract of land conveyed from William R. Young and wife Edna Young to William Jerry Young and wife Shirley Fay Young dated June 18, 1976, by deed recorded in Deed Book 98, Page 931 in Lawrence County, Alabama Probate Office; thence North 69 degrees 05 minutes 52 seconds East, 194.26 feet to a 4 inch diameter concrete monument at Southeast Corner of said William Jerry Young tract, said point is also the Southwest Corner of the 0.32 acre tract of land which is described in the deed from Robert K. Cunningham to Jason Byars and wife, Terri Byars dated April 30, 1993, recorded in Deed Book 141, Pages 6-7, in Lawrence County Alabama Probate Office; thence North 00 degrees 12 minutes 22 seconds East 278.19 feet to a 4 inch diameter concrete monument at Northeast Corner of said William Jerry Young tract and the Northwest Corner of said Byars tract; thence South 86 degrees 32 minutes 38 seconds East along North boundary of said Byars tract, 38.35 feet to the Point of Beginning of herein described tract of land; thence North 01 degree 31 minutes 19 seconds East, 37.97 feet; thence South 87 degrees 40 minutes 24 seconds East, 220.06 feet to a point on an old North-South fence; thence South 01 degree 47 minutes 38 seconds East along said fence, 48.84 feet to Northeast Corner of the one acre tract of land which is described in the deed from Robert K. Cunningham to Jason Byars and wife Terri Byars dated April 30, 1993 recorded in Deed Book 141, Pages 6-7 in Lawrence County Alabama Probate Office; thence North 87 degrees 40 minutes 24 seconds West, 208.70 feet to a point on the East boundary of the 0.32 acre tract described in said Byars deed; thence North 00 degrees 12 minutes 22 seconds East 10.48 feet to Northeast Corner of said 0.32 acre tract; thence North 86 degrees 32 minutes 38 seconds West, 13.95 feet to Point of Beginning, containing 0.24 acre, lying and being located in SE 1/4 of NE 1/4 of Section 5, Township 7 South, Range 8 West, Lawrence County, Alabama. Said tract being further identified as Tract No. 6 of the survey of Guy S. Johnson under date of June 19, 1995.
The hereinabove described property being one and the same as described in mortgage recorded in Book 765 and Page 212 and deed recorded in Book 206 and Page 105.
Property street address for informational purposes: 8225 County Rd 460, Moulton, AL 35650
THIS PROPERTY WILL BE SOLD ON AN “AS IS, WHERE IS” BASIS, SUBJECT TO ANY EASEMENTS, ENCUMBRANCES, AND EXCEPTIONS REFLECTED IN THE MORTGAGE AND THOSE CONTAINED IN THE RECORDS OF THE OFFICE OF THE JUDGE OF PROBATE OF THE COUNTY WHERE THE ABOVE-DESCRIBED PROPERTY IS SITUATED. THIS PROPERTY WILL BE SOLD WITHOUT WARRANTY OR RECOURSE, EXPRESSED OR IMPLIED AS TO TITLE, USE AND/OR ENJOYMENT AND WILL BE SOLD SUBJECT TO THE RIGHT OF REDEMPTION OF ALL PARTIES ENTITLED THERETO.
Alabama law gives some persons who have an interest in property the right to redeem the property under certain circumstances. Programs may also exist that help persons avoid or delay the foreclosure process. An attorney should be consulted to help you understand these rights and programs as a part of the foreclosure process.
This sale is made for the purpose of paying the indebtedness secured by said mortgage, as well as the expenses of foreclosure.
The successful bidder must tender a non-refundable deposit of Five Thousand Dollars ($5,000.00) in certified funds made payable to Sirote & Permutt, P.C. at the time and place of the sale. The balance of the purchase price must be paid in certified funds by noon the next business day at the Law Office of Sirote & Permutt, P.C. at the address indicated below. Sirote & Permutt, P.C. reserves the right to award the bid to the next highest bidder should the highest bidder fail to timely tender the total amount due.
The Mortgagee/Transferee reserves the right to bid for and purchase the real estate and to credit its purchase price against the expenses of sale and the indebtedness secured by the real estate.
This sale is subject to postponement or cancellation.
Regions Bank d/b/a Regions Mortgage, Mortgagee/Transferee
Elizabeth Loefgren
SIROTE & PERMUTT, P.C.
P. O. Box 55727
Birmingham, AL 35255-5727
Attorney for Mortgagee/Transferee
www.sirote.com/foreclosures
426735
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