303 Rainbow Lane, Meherrin, VA 23954

By virtue of the power and authority contained in a Deed of Trust dated September 14, 2007, and recorded at Instrument Number 20072647 in the Clerk’s Office for the Circuit Court for Prince Edward County, VA, securing a loan which was originally $99,977.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the Main Entrance of the Circuit Court for Prince Edward Co., located at 124 North Main Street, Farmville, VA 23901 on:

February 8, 2016 at 1:30 PM

improved real property, with an abbreviated legal description of All of that certain piece or parcel of land, lying and being in Hampden Magisterial District, Prince Edward County, Virginia, and more fully described as Lot 5, containing 3.02 acres, and more fully described on plat of survey prepared by Donald R. Maxey, of Maxey-Hines & Associates, P.C., dated February 28, 1997, and recorded in the Clerk’s Office of the Circuit Court of Prince Edward County, Virginia, in Plat Book 6, Page 322, reference to which said plat is herewith made for a more particular description  of the property, Together with a perpetual non-exclusive easement along that 50 foot right of way known as Rainbow Drive for ingress and egress from the above described property to State Route No. 634, the said right of way to be used in common with others entitled to the use thereof.  Make: Fleetwood homes Model: SK13 Serial Number: PAFLW22AB44927 Year Built: 07/28/1998 Length and Width 52×27, and as more fully described in the aforesaid Deed of Trust.

TERMS OF SALE:  The property will be sold “AS IS,” WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND AND SUBJECT TO conditions, restrictions, reservations, easements, rights of way, and all other matters of record taking priority over the Deed of Trust to be announced at the time of sale.  A deposit of $20,000.00, or 10% of the sale price, whichever is lower, in cash or cashier’s check payable to the SUBSTITUTE TRUSTEE will be required at the time of sale.  The balance of the purchase price, with interest at the rate contained in the Deed of Trust Note from the date of sale to the date said funds are received in the office of the SUBSTITUTE TRUSTEE, will be due within fifteen (15) days of sale.  In the event of default by the successful bidder, the entire deposit shall be forfeited and applied to the costs and expenses of sale and Substitute Trustee’s fee.  All other public charges or assessments, including water/sewer charges, whether incurred prior to or after the sale, and all other costs incident to settlement to be paid by the purchaser. In the event taxes, any other public charges have been advanced, a credit will be due to the seller, to be adjusted from the date of sale at the time of settlement.  Purchaser agrees to pay the seller’s attorneys at settlement, a fee of $445.00 for review of the settlement documents.

Additional terms will be announced at the time of sale and the successful bidder will be required to execute and deliver to the Substitute Trustees a memorandum or contract of the sale at the conclusion of bidding.

For Information Contact:

Rosenberg & Associates, LLC

(Attorney for the Secured Party)

7910 Woodmont Avenue, Suite 750

Bethesda, Maryland 20814

301-907-8000

www.rosenberg-assoc.com

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