IN THE GENERAL
COURT OF JUSTICE
SUPERIOR COURT DIVISION
BEFORE THE CLERK
14 SP 190
NOTICE OF FORECLOSURE SALE
IN THE MATTER OF THE FORECLOSURE OF A DEED OF TRUST FROM NANSEA REAL ESTATE, INC., DATED SEPTEMBER 28, 2010, RECORDED IN BOOK 2421, PAGE 106, WILSON COUNTY REGISTRY
Pursuant to an order entered July 3, 2014, in the Superior Court for Wilson County, and the power of sale contained in the captioned deed of trust (Deed of Trust), the undersigned Substitute Trustee will offer for sale at auction, to the highest bidder for cash, AT THE COURTHOUSE DOOR IN WILSON, WILSON COUNTY, NORTH CAROLINA ON AUGUST 5, 2014,
AT 10:00 A.M. the real estate and the improvements thereon secured by the Deed of Trust, less and except any of such property released from the lien of the deed of trust prior to the date of this sale, lying and being in Wilson County, North Carolina, and being more particularly described as follows:
Beginning at a point on the southwesterly right of way of Nash Street, said point being located along the southwesterly property line of West Nash Street 124 feet from its intersection with the southeasterly right of way of Pine Street, said point formerly referred to as the Eagles Corner or the Dr. H. G. Perry Comer, said point also being the southeasterly corner of the property of Wilson County described in the Deed recorded in Book 1803, Page 255 of the Wilson County Registry; thence from said point of BEGINNING with and along the right of way of Nash Street in a southeasterly direction 30 feet to a point in the property line of Betty M. Davis as described in the Deed recorded in Book 1326, Page 844 of the Wilson County Registry, cornering, thence along the Davis line in a southwesterly direction 100 feet to a point; cornering, thence in a northwesterly direction parallel with Nash Street 30 feet to a point in the line of Wilson County as described hereinabove; cornering, thence with and along the county line in a northeasterly direction parallel to Pine Street 100 feet to the point of beginning. This being the building known by postal enumeration as 119 West Nash Street, Wilson, N.C. and being a portion of the property conveyed to Wilson Downtown Properties, Inc. by Deed recorded in Book 2283, Page 26 of the Wilson County Registry and all of the property conveyed to Callie Morris Williford, Jr. and wife by Deed recorded in Book 2299, Page 218, Wilson County Registry. See also Deed from Callie Morris Williford, Jr. and wife, Molly Williford to Christopher Darryl Wright, said Deed dated July 27, 2010, and recorded in Book 2414, Page 18, Wilson County Registry.
In the Trustees sole discretion, the sale may be delayed for up to one (1) hour as provided in Section 45-21.23 of the North Carolina General Statutes.
The record owner of the real property not more than ten days prior to the date hereof is Nansea Real Estate, Inc.
A five percent cash deposit, or a cash deposit of $750.00, whichever is greater, will be required of the last and highest bidder. The balance of the bid purchase price shall be due in full in cash or certified funds at a closing to take place within thirty (30) days of the date of sale. The undersigned Substitute Trustee shall convey title to the property by non-warranty deed.
This sale will be made subject to all prior liens of record, if any, and to all unpaid ad valorem taxes and special assessments, if any, which became a lien subsequent to the recordation of the Deed of Trust. This sale will be further subject to the right, if any, of the United States of America to redeem the above-described property for a period of 120 days following the date when the final upset bid period has run.
The purchaser of the property described above shall pay the Clerks Commissions in the amount of $.45 per $100.00 of the purchase price (up to a maximum amount of $500.00), required by Section 7A 308(a)(1) of the North Carolina General Statutes. If the purchaser of the above described property is someone other than the Beneficiary under the Deed of Trust, the purchaser shall also pay, to the extent applicable, the land transfer tax in the amount of one percent (1%) of the purchase price.
To the extent this sale involves residential property with less than fifteen (15) rental units, you are hereby notified of the following:
a. An order for possession of the property may be issued pursuant to Section 45-21.29 of the North Carolina General Statutes in favor of the purchaser and against the party or parties in possession by the clerk of superior court of the county in which the property is sold; and
b. Any person who occupies the property pursuant to a rental agreement entered into or renewed on or after October 1, 2007, may, after receiving the notice of sale, terminate the rental agreement upon 10 days written notice to the landlord. Upon termination of a rental agreement, the tenant is liable for rent due under the rental agreement prorated to the effective date of the termination.
This 3rd day of July, 2014.
By: James S. Livermon, Jr., Esq.
P.O. Box 217
Enfield, NC 27823
Telephone: (252) 445-5188