NOTICE OF MORTGAGE FORECLOSURE SALE
STATE OF ALABAMA
DEKALB COUNTY
Default having been made in the payment of indebtedness secured by that certain mortgage executed by Jefferson Jones and Susan S. Jones, a married couple, on the 16th day of December, 2013, to Compass Bank, which said mortgage is recorded in the Probate Office of Dekalb County, Alabama, in Book 2014, at Page 85, and by reason of such default, having declared all of the indebtedness secured by said mortgage due and payable, and such default continuing, notice is hereby given that, acting under the power of sale contained in said mortgage, Compass Bank will sell at public outcry, for cash, to the highest bidder, in front of the County Courthouse door, in the City of Fort Payne, Dekalb County, Alabama, during the legal hours of sale on September 19, 2018, the following described real estate situated in Dekalb County, Alabama, to-wit:
FROM THE NW CORNER OF THE SW ¼ OF THE NE ¼ RUN SOUTH ON THE WEST LINE OF SAID FORTY 70 YARDS; THENCE EAST AND PARALLEL WITH THE NORTH LINE OF SAID FORTY 140 YARDS; THENCE NORTH 70 YARDS TO THE NORTH LINE OF SAID FORTY; THENCE WEST ON SAID NORTH LINE 140 YARDS TO THE POINT OF BEGINNING. BEING IN SECTION 13, TOWNSHIP 6 SOUTH, RANGE 7 EAST, DEKALB COUNTY, ALABAMA.
Said property is also commonly known as: 378 Sand Mountain Drive, Rainsville, Alabama 35986.
Together with the hereditaments and appurtenances thereunto belonging and all fixtures now attached to and used in connection with the premises herein described.
Said sale will be subject to the right of way easements and restrictions of record in the Probate Office of Dekalb County, Alabama, and will be subject to existing special assessments and liens of record, if any, which might adversely affect the title to the subject property.
Said property will be sold on an “As Is, Where Is” basis without warranty or recourse, express or implied as to title, use and/or enjoyment. Said property will also be sold subject to the right(s) of redemption of all parties entitled thereto.
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.
Said sale will be made for the purpose of paying the indebtedness secured by the above-described mortgage, and the proceeds thereof will be applied as provided by the terms of said mortgage. The Mortgagee reserves the right to bid for and purchase the real estate and to credit its purchase price against the expenses of sale and the indebtedness secured by the real estate.
The failure of any high bidders to pay the purchase price and close this sale shall, at the option of the Mortgagee, be cause for rejection of the bid, and if the bid is rejected, Mortgagee shall have the option of making the sale to the next highest bidder who is able, capable and willing to comply with the terms thereof.
This sale is subject to postponement or cancellation. Interested prospective bidders should contact the below-listed attorney for the precise time of sale.
COMPASS BANK
Mortgagee
c/o J. Heath Loftin and/or Robert D. Reynolds
REYNOLDS, REYNOLDS & LITTLE, L.L.C.
Attorneys for Mortgagee
Post Office Box 1389
Montgomery, Alabama 36102-1389
Telephone: (334) 832-9553
File No.: 1371.0034
Published: August 30, 2018; September 6, 2018; and September 13, 2018
Publisher: The Mountain Valley News