Sale at public auction will be on August 25, 2016 at 11:00AM local time, at the east door, Lawrence County Courthouse, 240 West Gains Street, Lawrenceburg, Tennessee, pursuant to Deed of Trust executed by Robert Karno, to John P. Tomlinson, III, Trustee, on August 30, 2006 at Book 237, Page 452, Instrument No. 06005895; all of record in the Lawrence County Register's Office.
Party entitled to enforce security interest: Federal National Mortgage Association ("Fannie Mae"), a corporation organized and existing under the laws of the United States of America, its successors and assigns
The following real estate located in Lawrence County, Tennessee, will be sold to the highest call bidder subject to all unpaid taxes, prior liens and encumbrances of record:
Being and lying in the 11th Civil District of Lawrence County, Tennessee, lying west of adjacent to Depot Street, being more particularly described as follows:
Beginning at an angle iron found in the west ROW of L&N Railroad (variable ROW), said angle iron being the southeast corner of Edward Brown as recorded in Deed Book 303, Page 151, ROLCT, and being the original northeast corner of Robert Cathey, et ux as record in Deed Book 177, Page 195, ROLCT; thence with said West ROW of L&N Railroad(variable ROW), South 2 degrees 12 minutes 00 seconds West 100.48 feet to an iron pin set, South 2 degrees 12 minutes 00 seconds West 96.79 feet to an iron pin set, said iron pin being the true point of beginning, and being the northeast corner of the tract being described; thence with said West ROW, South 2 degrees 12 minutes 00 seconds West 28.43 feet to an iron pin set, South 87 degrees 48 minutes 00 seconds East 45.23 feet to an iron pin set in the West ROW of Depot Street, said iron pin being the easternmost northeast corner of the tract being described; thence leaving said West ROW of L&N Railroad (variable ROW) with said West ROW of Depot Street, South 2 degrees 12 minutes 00 seconds West 63.28 feet to an iron pin set, said iron pin being in the remaining property of Robert Cathey et ux, and being the southeast corner of the tract being described; thence leaving said West ROW with a new Cathey division line, North 89 degrees 32 minutes 50 seconds West 225.05 feet to an iron pin set, said iron pin being in the southwest corner of the tract being described; thence continuing with said Cathey division line, North 5 degrees 13 minutes 37 seconds East 90.44 feet to an iron pin set, said iron pin being the northwest corner of the tract being described; thence continuing with said Cathey division line, North 89 degrees 29 minutes 57 seconds East 175.13 feet to the true point of the beginning and containing 0.44 acre as survey by Kenneth Carroll, RLS TN License Number 1335, December 2000.
Subject to terms and conditions in Deed of Easement to Danny Luffman and wife for septic lines and water lines in Record Book 26, Page 769, Register's Office of Lawrence County, Tennessee.
This being a portion of the same property conveyed to Robert Y. Cathey and wife, Roberta B. Cathey by Warranty Deed dated November 26, 1976 from Betty B. West, Dorothy Bishop and Sarah L. Boutwell of record in Deed Book 177, Page 195, Register's Office of Lawrence County, Tennessee.
This being the same property conveyed to Robert Kamo by Warranty Deed dated August 30, 2006 from Robert Y. Cathey and wife, Roberta B. Cathey of record in Record Book 237, Page 450, Register's Office of Lawrence County, Tennessee.
Parcel Number: 007B E 005.02
Current Owner(s) of Property: The Unknown Heirs of Robert Karno
Other interested parties: All persons claiming by, through or under Robert Karno, All persons claiming by, through or under Margaret Elizabeth Shrader
Street Address: 119 Depot St, Summertown, Tennessee 38483
Any property address provided is not part of the legal description of the property sold herein and in the event of any discrepancy, the legal description referenced herein shall control.
All right of equity of redemption, statutory and otherwise, and homestead are expressly waived in said Deed of Trust, and the title is believed to be good, but the undersigned will sell and convey only as Substitute Trustee.
If you purchase a property at the foreclosure sale, the entire purchase price is due and payable at the conclusion of the auction in the form of a certified/bank check made payable to or endorsed to Shapiro & Ingle, LLP. No personal checks will be accepted. To this end, you must bring sufficient funds to outbid the lender and any other bidders. Insufficient funds will not be accepted. Amounts received in excess of the winning bid will be refunded to the successful purchaser at the time the foreclosure deed is delivered.
This property is being sold with the express reservation that the sale is subject to confirmation by the lender or trustee. This sale may be rescinded at any time.
Shapiro & Ingle, LLP, a Tennessee limited liability partnership Substitute Trustee
Parkway, Suite 400
Charlotte, NC 28216
File No. 16-105509