The Chatsworth Times
Murray County

NOTICE OF SALE UNDER POWER COUNTY OFMURRAY STATE OF GEORGIA
Aug 02, 2012 | 117 views | email to a friend | print

NOTICE OF SALE UNDER

POWER

COUNTY OFMURRAY

STATE OF GEORGIA

By virtue of the power of sale contained

in the Deed to Secure Debt (hereinafter

"Deed") from Babb Properties, LLC to

Alliance National Bank ( Lender ) dated

February 22, 2008, and recorded in Deed

Book 666 Page 122, of the Murray

County Georgia Records, said Deed

being given to secure the indebtednesses

referred to therein, including, but not

limited to, Note in the original principal

sum of $492,894.66 from Babb Properties,

LLC ( Borrower ) to Lender, any

renewals thereof, plus all accrued interest,

there will be sold by the undersigned

at public outcry to the highest bidder for

cash before the Courthouse door in Murray

County, Georgia within the legal

hours of sale on the first Tuesday in

August (August 7, 2012), the property

described in said Deed as follows:

All that tract or parcel of land lying and

being in Land Lot No. 266 in the 9th District

and 3rd Section of Murray County,

Georgia, according to a plat of survey

prepared by Leon Pritchett, Murray

County Surveyor, dated October 1, 1975,

recorded in Plat Book 7 Page 112, Murray

County Deed Records, reference to

said plat is herein made and incorporated

herein for a more full and complete

description

LESS AND EXCEPT 0.24 acres of the

above described property previously

conveyed to Ralph W. Wheat and

Dorothy A. Wheat per warranty deed

filed and recorded July 31, 1998, in Deed

Book 304 Page 144, Murray County,

Georgia Deed Records, and more particularly

described in Plat Book 33 Page 32,

Murray County Deed Records.

Together with all fixtures and personal

property, if any, attached to and constituting

a part of said real property.

The indebtedness secured by said Deed

having been and are hereby accelerated

and declared due because of, among

other possible events of default, Borrower s

failure to pay in accordance with the

terms of said Note. Said indebtednesses

remaining in default said sale will be

held as provided by law and under the

terms of said Deed. The proceeds of said

sale shall be applied to the payment of

said indebtednesses, the expenses of this

proceeding, including but not limited to,

attorney's fees, and all other payments as

provided for under the Deed, Note and

by law.

Notice has been given of the intention to

enforce provisions for collection of attorney's

fees and foreclosure in accordance

with legal requirements and the terms of

said Deed and Note.

Said property will be sold subject to all

outstanding ad valorem taxes (including

taxes which are a lien, whether or not

now due and payable), assessments,

liens, encumbrances, zoning ordinances,

restrictions, covenants, lien for unpaid

utility bills, and other matters of record

superior, if any, to the Deed and the sale

will be conducted subject to confirmation

that it is not stayed under the U.S.

Bankruptcy Code and to final audit and

confirmation of the loan with the holder

of the Deed.

To the best knowledge, information and

belief of the undersigned, said property is

in the possession of and will be sold as

the property of Babb Properties, LLC.

Alliance National Bank

As Attorney in Fact for

Babb Properties, LLC

By: WILLIAM W. BELL, JR.

MINOR, BELL & NEAL, As Attorneys

for

Alliance National Bank

P. O. Box 2586

Dalton, GA 30722-2586

(706) 259-2586
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