WHEREAS, default has occurred in the performance of the covenants, terms, and conditions of a Deed of Trust Note dated April 13, 2011, and the Deed of Trust of even date securing the same, recorded June 15, 2011, in Book No. 365, at Page 323, in Office of the Register of Deeds for Lawrence County, Tennessee, executed by Dana Gillespie and Carolyn M. Sanders, conveying certain property therein described to Joseph B. Pitt, Jr. as Trustee for One Reverse Mortgage, LLC; and the undersigned, Wilson & Associates, P.L.L.C., having been appointed Successor Trustee by Reverse Mortgage Solutions, Inc..
NOW, THEREFORE, notice is hereby given that the entire indebtedness has been declared due and payable; and that an agent of Wilson & Associates, P.L.L.C., as Successor Trustee, by virtue of the power, duty, and authority vested in and imposed upon said Successor Trustee, by Reverse Mortgage Solutions, Inc., will, on March 28, 2016 on or about 11:00 AM, at the Lawrence County Courthouse, Lawrenceburg, Tennessee, offer for sale certain property hereinafter described to the highest bidder FOR certified funds paid at the conclusion of the sale, or credit bid from a bank or other lending entity pre-approved by the successor trustee. The sale is free from all exemptions, which are expressly waived in the Deed of Trust, said property being real estate situated in Lawrence County, Tennessee, and being more particularly described as follows:
Land Situated in the County of Lawrence in the State of TN
SITUATED, LYING AND BEING lN THE 15TH CIVIL DISTRICTS OF LAWRENCE AND WAYNE COUNTIES, STATE OF TENNESSEE AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A PK NAIL IN THE CENTERLINE OF WEST POINT-COLLINWOOD ROAD, THE SAME BEING SOUTH 32 DEG. 41 MIN. EAST WITH ROAD 535 FEET FROM RICKY BURCHAM'S SOUTHEAST CORNER, ALSO BEING THE NORTHEAST CORNER OF SUBJECT; THENCE NORTH 89 DEG. WEST 2137 FEET; THENCE SOUTH 08 DEG. 08 MIN. WEST 15 FEET TO AN AGREED CORNER; THENCE WITH AN AGREED LINE AS FOLLOWS: NORTH 83 DEG. WEST 1633 FEET TO A STAKE, THE SAME BEING SOUTH 67 DEG. 25 MIN. EAST 55.6 FEET FROM A PAINTED CORNER; THENCE CONTINUING WITH AGREED LINE SOUTH 11 DEG. 45 MIN. WEST 805 FEET TO A STAKE IN MARTIN AND STORY'S NORTH BOUNDARY LINE; THENCE SOUTH 83 DEG. 03 MIN. EAST 2090 FEET TO A 20 INCH WHITE OAK; THENCE SOUTH 58 DEG. 55 MIN. EAST 3S0.9 FEET; THENCE SOUTH 82 DEG. 45 MIN. EAST 586.3 FEET; THENCE SOUTH 87 DEG. 24 MIN. EAST WITH A FENCE 523.2 FEET, NORTH 89 DEG. 06 MIN. EAST 628.2 FEET, NORTH 67 DEG. 15 MIN. EAST 29.7 FEET; THENCE LEAVING SAID FENCE SOUTH 73 DEG. EAST PASSING SPRING AT 245 FEET, IN ALL 259 FEET; THENCE NORTH 68 DEG. EAST 79 FEET TO A CHERRY STUMP; THENCE NORTH 60 DEG, EAST 295.5 FEET TO THE CENTERLINE OF WEST POINT-COLLINWOOD ROAD; THENCE WITH SAID ROAD AS FOLLOWS: NORTH 40 DEG. 30 MIN. WEST 920 FEET, NORTH 37 DEG. 22 MIN. WEST 100 FEET NORTH 33 DEG. 45 MIN. WEST 175 FEET, NORTH 32 DEG. 41 MIN. WEST 60 FEET TO THE BEGINNING, CONTAINING 92.62 ACRES, MORE OR LESS, GROSS, SUBJECT TO ROAD EASEMENT.
LESS AND EXCEPT: BEING AND LYING IN THE 10TH CIVIL DISTRICT OF WAYNE COUNTY, TENNESSEE AND LYING WEST OF AND ADJACENT TO WESTPOINT AND COLLINWOOD ROAD AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT A POINT IN THE CENTER OF WESTPOINT AND COLLINWOOD ROAD; SAID POINT BEING THE SOUTHEAST CORNER OF THE TRACT BEING DESCRIBED AND BEING THE NORTH BOUNDARY OF RICHARD AND CHRISTOPHER MARTIN AS RECORDED IN RECORD BOOK 232, PAGE 114; THENCE WITH MARTIN SOUTH 65 DEGREES 18 MINUTES 42 SECONDS WEST PASSING AN IRON PIN SET AT 301.90 AND AN IRON PIN SET AT 19.71 FEET IN ALL A DISTANCE OF 380.89 FEET TO AN IRON PIN SET: THENCE NORTH 66 DEGREES 30 MINUTES 30 SECONDS WEST FOR A DISTANCE OF 281.77 FEET TO AN IRON PIN SET; THENCE SOUTH 73 DEGREES 55 MINUTES 26 SECONDS WEST FOR A DISTANCE OF 582.08 FEET TO A 18" RED OAK TREE; THENCE NORTH 88 DEGREES 46 MINUTES 20 SECONDS WEST FOR A DISTANCE OF 565.54 FEET TO A 16" RED OAK TREE; THENCE NORTH 85 DEGREES 34 MINUTES 23 SECONDS WEST FOR A DISTANCE OF 586.39 FEET TO AN IRON PIN SET; THENCE NORTH 57 DEGREES 34 MINUTES 33 SECONDS WEST FOR A DISTANCE OF 350.90 FEET TO A 20" WHITE OAK TREE; THENCE NORTH 84 DEGREES 42 MINUTES 11 SECONDS WEST FOR A DISTANCE OF 170.00 FEET TO A 8" SOURWOOD TREE; THENCE NORTH 86 DEGREES 39 MINUTES 54 SECONDS WEST PASSING THE WAYNE AND LAWRENCE COUNTY LINE AND THE NORTHWEST CORNER OF MARTIN AND THE NORTHEAST CORNER OF RICHARD MARTIN AS RECORDED IN RECORD BOOK 32, PAGE 129, FOR A DISTANCE OF 332.41 FEET TO A 12" HICKORY TREE; THENCE NORTH 83 DEGREES 45 MINUTES 02 SECONDS WEST FOR A DISTANCE OF 1554.74 FEET TO AN IRON PIN SET; SAID IRON PIN SET BEING THE SOUTHWEST CORNER OF THE TRACT BEING DESCRIBED AND BEING THE NORTHWEST CORNER OF RICHARD MARTIN AND THE EAST BOUNDARY OF FRED BAKER AS RECORDED IN RECORD BOOK 18, PAGE 374; THENCE BAKER NORTH 05 DEGREES 25 MINUTES 20 SECONDS EAST FOR A DISTANCE OF 852.46 FEET TO AN IRON PIN SET; SAID IRON PIN SET BEING THE NOTHWEST CORNER OF THE TRACT BEING DESCRIBED; THENCE SOUTH 81 DEGRES 25 MINUTES 27 SECONDS EAST FOR A DISTANCE OF 1680.63 FEET TO A 12" MAPLE TREE; SAID TREE BEING THE EAST MOST SOUTHEAST CORNER OF BAKER AND BEING THE SOUTHWEST CORNER OF RICKY TODD AS RECORDED IN RECORD BOOK 306, PAGE 313; THENCE LEAVING BAKER WITH TODD NORTH 86 DEGREES 03 MINUTES 52 SECONDS EAST PASSING THE WAYNE LAWYRENCE COUNTY LINE FOR A DISTANCE OF 433.63 FEET TO AN IRON PIN SET; THENCE LEAVING TODD WITH A NEW GILLESPIE DIVISION LINE SOUTH 00 DEGREES 36 MINUTES 27 SECONDS WESTFOR A DISTANCE OF 336.12 FEET TO AN IRON PIN SET; THENCE CONTINUING WITH SAID DIVISION LINE SOUTH 89 DEGREES 27 MINUTES 42 SECONDS EAST PASSING AN IRON PIN SET AT 1993.64 FEET IN ALL A DISTANCE OF 2026.75 FEET TO A POINT IN THE CENTER OF WESTPOINT AND COLLINWOOD ROAD; THENCE WITH CENTER OF SAID ROAD SOUTH 41 DEGREES 13 MINUTES 22 SECONDS EAST FOR A DISTANCE OF 651.31 FEET TO A POINT; THENCE SOUTH 41 DEGREES 45 MINUTES 23 SECONDS EAST FOR A DISTANCE OF 31.89 FEET OT THE POINT OF BEGINNING AND CONTAINING 75.54 ACRES AS SURVEYED BY KENNETH CARROLL, RLS TENNESSEE LICENSE NUMBER 1335, JUNE 2, 2008.
ALSO KNOWN AS: 265 Collinwood Road, Westpoint, TN 38486
This sale is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fixture filing; and to any matter that an accurate survey of the premises might disclose. In addition, the following parties may claim an interest in the above-referenced property:
SECRETARY OF HOUSING AND
ALLY FINANCIAL INC.
The sale held pursuant to this Notice may be rescinded at the Successor Trustee's option at any time. The right is reserved to adjourn the day of the sale to another day, time, and place certain without further publication, upon announcement at the time and place for the sale set forth above.
W&A No. 311612
January 28, 2016
FOR SALE INFORMATION, VISIT WWW.MYFIR.COM