Default having been made in the payment of the indebtedness secured by that certain mortgage executed on December 5, 2011 by Wayne Madden and Lora Madden, originally in favor of Mortgage Electronic Registration Systems, Inc. as nominee for Reliance First Capital LLC, and recorded in Mortgage Book 2011 at Page 2971 on December 14, 2011, in the Office of the Judge of Probate of Fayette County, Alabama, and secured indebtedness having been transferred or assigned to JPMorgan Chase Bank, N.A. as reflected by instrument recorded in Misc Book 2018, Page 690 of the same Office. Shapiro and Ingle, L.L.P., as counsel for Mortgagee or Transferee and under and by virtue of power of sale contained in the said mortgage will, on March 8, 2019, sell at public outcry to the highest bidder in front of the main entrance of the Fayette County, Alabama, Courthouse in the City of Fayette, during the legal hours of sale, the following real estate situated in Fayette County, Alabama, to wit:
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF Fayette, STATE OF Alabama, AS IS DESCRIBED AS FOLLOWS:
A LOT OR PARCEL OF LAND BEING 8.8 ACRES MORE OR LESS LOCATED IN THE NORTHWEST AND CENTRAL PART OF THE SE1/4 OF SE1/4, SECTION 21, TOWNSHIP 15, RANGE 11, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGIN AT THE NORTHWEST CORNER OF SAID FORTY, THENCE SOUTH ALONG THE WEST BOUNDARY LINE OF SAID FORTY A DISTANCE OF 339 FEET FOR THE POINT OF BEGINNING; THENCE GO EAST ON A LINE PARALLEL TO THE NORTH BOUNDARY LINE OF SAID FORTY A DISTANCE OF 660 FEET TO A STAKE; THENCE SOUTH, TO THE NORTH EDGE OF THE D. H. LOWERY LOT CONSISTING OF 1 1/6 ACRES; THENCE WEST ALONG THE NORTH BOUNDARY OF SAID LOT; THENCE SOUTH ALONG THE WEST BOUNDARY OF SAID LOT TO THE NORTH EDGE OF COUNTY ROAD 67 TO THE SOUTHEAST CORNER OF THE JOHN C. MADDEN LOT; THENCE NORTH 294 FEET ALONG THE EAST EDGE OF SAID LOT; THENCE WEST ALONG THE NORTH EDGE OF SAID LOT 150 FEET TO THE WEST LINE OF THE SE1/4 OF SE1/4; THENCE NORTH ALONG THE WEST LINE OF SAID SE1/4 OF SE1/4 TO THE POINT OF BEGINNING.
For informational purposes only, the property address is: 4192 County Rd 67, Bankston, AL 35542.
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.
This sale is made for the purpose of paying the indebtedness secured by said mortgage, as well as the expenses of foreclosure. Furthermore, the property to be offered pursuant to this notice of sale is being offered for sale, transfer and conveyance AS IS, WHERE IS. Neither the mortgagee, nor the officers, directors, attorneys, employees, agents or authorized representative of the mortgagee make any representation or warranty relating to the title or any physical, environmental, health or safety conditions existing in, on, at or relating to the property offered for sale. Any and all responsibilities or liabilities arising out of or in any way relating to any such condition, including those suggested by Code of Ala. (1975) § 35-4-271, expressly are disclaimed. This sale is subject to all prior liens and encumbrances and unpaid taxes and assessments including any transfer tax associated with the foreclosure. The successful bidder must tender a non-refundable deposit of Five Thousand Dollars and no/100 ($5,000.00) in certified or cash funds at the time and place of the sale. The balance of the purchase price must be paid in certified funds by close of business on the next business day thereafter at the Law Office of Shapiro & Ingle, LLP at the address indicated below. Shapiro & Ingle, LLP reserves the right to award the bid to the next highest bidder, or to reschedule the sale, should the highest bidder fail to timely tender the total amount due.
Alabama law gives some persons who have an interest in property the right to redeem the property under certain circumstances. Programs may also exist that help persons avoid or delay the foreclosure process. An attorney should be consulted to help you understand these rights and programs as a part of the foreclosure process.
JPMorgan Chase Bank, N.A., and its successors and assigns
Mortgagee or Transferee
SHAPIRO & INGLE, LLP
10130 Perimeter Parkway, Suite 400
Charlotte, NC 28216
Attorneys for Mortgagee or Transferee