IN EXECUTION of Deed of Trust dated January 3, 2003, made by Joseph J. Patterson, recorded in the County of Prince Edward Circuit Court Clerk's Office as Instrument Number 200300350, securing Note in original principal amount of $78,326.11, default having been made in payment of debt thereby secured, and at request of beneficiary thereunder, the undersigned, will offer for sale at public auction to the highest bidder, for cash, at the front door of the County of Prince Edward Circuit Court, 111 South Street, Farmville, Virginia, on May 2, 2011 at 2:00 p.m., the properties conveyed in said Deed of Trust and briefly described as follows:
All that certain tract or parcel of land lying and being in Prospect Magisterial District, Prince Edward County, Virginia, containing 4.00 acres, more or less, but is the same however, so much more or less, the markers herein set out are the true boundaries and bounded as follows: Beginning at a point where the tract hereby conveyed points on Lula Taylor and the plantation road, leading from Lula Taylor's to the public road, being the old Prospect-Farmville public road, thence in the southwesterly direction 140 steps along the line of Lula Taylor to a Pine Tree; thence in a northwesterly direction 140 steps along the line of Lula Taylor to a Pine Tree; thence in a northwesterly direction 150 steps to a pile of rocks where Edward Brown corners on the tract hereby conveyed; thence in a northeasterly direction 136 steps along the line now or formerly of J. W. Clay and Ivory Taylor; thence up the said road in the direction of Lula Taylor along the said road first above mentioned to a pine stump being the place of beginning.
TERMS OF SALE: CASH. Property is being sold “AS IS”, without any representations or warranties, SUBJECT to the rights of any person in possession and to all covenants, conditions, restrictions, easements, defects, encumbrances, adverse claims, or liens, whether filed or inchoate, which have priority over the Deed of Trust.
Deposit of 10% cash, certified or cashier's check, will be required of successful bidder immediately after sale; settlement must be within 10 days from date of sale, TIME BEING OF THE ESSENCE, or property to be resold at cost to defaulting purchaser, and Trustee shall be entitled to recover from defaulting purchaser any deficiency resulting from resale. All costs of conveyancing, examination of title, recording and settlement charges, grantor's taxes, etc. to be at cost of purchaser. Noteholder reserves the right to bid and trustee reserves right to reject any bids, keep bidding open for any length of time, waive deposit requirements, extend time for settlement, announce additional terms of sale and cancel or rescind sale solely at trustee's discretion.
THIS NOTICE IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
McKenry, Dancigers, Dawson & Lake, P.C.
FOR INFORMATION CONTACT:
192 Ballard Court, Suite 400
Virginia Beach, Virginia 23462