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