Legal Notices

NOTICE OF TRUSTEE’S SALE Notice is hereby given by the undersigned Successor Trustee, in accordance with the provisions of that certain Deed of Trust, dated July 11, 2012, made by Ankrom Properties, LLC, as Grantor, Robert Levy and Randall Trautwein, as Trustees, of record in the Office of the Clerk of the County Commission of Cabell County, West Virginia, in Trust Deed Book 2439, at page 148 (the “Deed of Trust”), to secure indebtedness described therein payable to First Sentry Bank, in the original principal amount of $291,200.00 (together with all renewals, extensions, refinancings, consolidations, substitutions, and other modifications, the “Note”), which Deed of Trust covers certain real estate situate in Cabell County, West Virginia, more particularly described herein. WHEREAS, Fairview Investment Fund III, LP (“Fairview”) is the owner and holder of the Note and Deed of Trust, by virtue of that certain Assignment of Deed of Trust, dated November 2, 2018, of record in the aforesaid Clerk’s office at assignment book 114, page 106. Accordingly, Fairview is the holder of the Note and the beneficiary of the Deed of Trust. Pursuant to authority granted in the Deed of Trust, Fairview Investment Fund III, LP, the owner and holder of the Note secured by the Deed of Trust, appointed Julia A. Chincheck and Zachary J. Rosencrance, both residents of Kanawha County, West Virginia, to serve as Successor Trustees, by that certain Appointment of Successor Trustee, dated January 7, 2020, of record in the aforesaid Clerk’s office in Substitution of Trustee Book 402, at page 620. Fairview Investment Fund, III, LP, the owner and holder of the Note secured by the Deed of Trust, has notified the Successor Trustees that Ankrom Properties, LLC is in default under the terms of the Note and the terms of the Deed of Trust, and has requested, in writing, that the Successor Trustees sell the real property described in the Deed of Trust at public auction, in accordance with the terms of the Deed of Trust and applicable law. TAKE NOTICE that the undersigned Successor Trustee will offer for sale at public auction on the 14th day of April, 2020, at 1:00 p.m., prevailing Eastern time, at the front door of the Cabell County Courthouse, 750 5th Avenue, Huntington, West Virginia, all those certain lots, tracts, or parcels of land together with the buildings and improvements thereon, easements, rights of way, and the appurtenances thereunto belonging, and more particularly designated and described as follows (hereinafter, the “Real Property”): Real Property: All those certain lots or parcels of land situate in Gideon District, Cabell County, West Virginia, being more particularly bounded and described as follows: PARCEL ONE: All that certain lot, piece or parcel of ground situate in the City of Huntington, Cabell County, West Virginia, known and designated on the Revised map of said City of Huntington, made by L. W. Leete, Civil Engineer, which map was filed in the Cabell County Clerk’s office on the 31st day of December, 1903, as the easterly half of the northerly half of Lot No. 7 of Block 162 bounded as follows: BEGINNING at a stake on the south line of 7th Avenue and the West line of 15th Street running along said avenue, 30 feet; thence parallel with 15th Street in a southerly direction 100 feet to a 10 foot alley; thence easterly parallel with said avenue 30 feet to the west side of Fifteenth Street; thence northerly along said 15th Street 100 feet to the point of BEGINNING, being 30 x 100 feet. PARCEL TWO: All that certain lot, piece or parcel situate in the City of Huntington, Cabell County, West Virginia, known and designated on the Revised Map of said City of Huntington, made by L. W. Leete, Civil Engineer, which map was filed in the Cabell County Clerk’s office on the 31st day of December, 1903, as the westerly half of the northerly half of Lot No. 7 of Block 162 bounded as follows: BEGINNING at a stake on the south line of Seventh Avenue 30 feet west of Fifteenth Street, running along Seventh Avenue in a westerly direction 30 feet to a stake; thence parallel with Fifteenth Street in a southerly direction 100 feet to a 10 foot alley; thence easterly 30 feet parallel with Seventh Avenue to a stake; thence northerly parallel with Fifteenth Street 100 feet to the point of BEGINNING, being 30 x 100 feet. Being the same property conveyed by Deed dated July 11, 2012, of record in Deed Book 1264, page 369, from Big Green Properties, LLC, a limited liability company, to Ankrom Properties, LLC. TERMS OF SALE The Real Property will be sold for cash in hand on the date of sale, or under any different, other, or additional sale terms as the Successor Trustee, in his or her reasonable discretion, determines to be appropriate or advisable. The sale shall be further subject to the following: 1. Real estate taxes delinquent, due or payable or to become due and payable, all of which shall be the responsibility of the purchaser; 2. Any statutory lien or liens that may affect the subject property; 3. All covenants, conditions, restrictions, reservations, easements and rights-of-way appearing of record in the chain of title to the property, or which may be visible from a physical inspection of the subject property; 4. All liens and encumbrances of any nature whatsoever, including, without limitation, liens for real estate taxes, incinerator, sanitary and sewer charges, having priority over the deed of trust referred to herein. 5. The purchaser at the sale shall be responsible for paying the costs of recording the Successor Trustee’s Deed and the tax imposed by the State of West Virginia on the privilege of transferring real property (the cost of the tax stamps to be affixed to the Deed). 6. All of the property to be sold will be sold “AS IS, WHERE IS” in the present condition and with all faults and defects, if any, and without any warranty or representation, express of implied. The Successor Trustee shall be under no duty to cause any existing tenant or person occupying the Real Property to vacate said property. The Successor Trustee will deliver a trustee’s deed to the purchaser without any covenant or warranty (express or implied) in the form prescribed by W. Va. Code 38-1-6. The Successor Trustee makes no representations and warranties about the title to the real estate to be conveyed. If the Successor Trustee is unable to convey insurable or marketable title to the purchaser for any reason, purchaser’s sole remedy is return of deposit. 7. In the event that there are federal tax liens against the property, the United States would have the right to redeem the property within a period of 120 days from the date of such sale or the period allowable for redemption under local law, whichever is longer. 8. The undersigned Successor Trustee expressly reserves the right to reject any and all bids, and the right to adjourn the sale from time to time without notice other than oral proclamation at the time and place appointed for the sale. Such adjournment may be for a period of time deemed expedient by the beneficial owner, and shall not be construed to be a waiver of the right to make the sale contemplated by this Notice. 9. The beneficiary of the Deed of Trust and holder of the Note thereby secured reserves the right to submit a bid for the Real Property at the sale, which bid may be in the form of a credit bid. 10. The successful bidder will be required to execute a memorandum of sale upon the acceptance of the successful bid by the Successor Trustee. 11. The sale is subject to post-sale confirmation that none of the grantors filed for bankruptcy protection before the conclusion of bidding, in which case the sale will be null and void and the purchaser’s sole remedy, at law or in equity, will be return of deposit without interest. Additional terms of sale may be announced prior to the sale. Any inquiries regarding this sale may be directed to Zachary J. Rosencrance, Successor Trustee, 600 Quarrier Street, Charleston, West Virginia 25301, telephone (304) 347 1100. DATED: March 16, 2020. /s/Zachary J. Rosencrance Zachary J. Rosencrance, Successor Trustee LH-90469 3-26;4-2;2020