NOTICE OF TRUSTEE’S SALE OF VALUABLE REAL ESTATE The undersigned Substitute Trustee, by virtue of the authority vested by that certain Credit Line Deed of Trust dated June 11, 2012, and of record in the Office of the Clerk of the County Commission of Kanawha County, West Virginia, in Trust Deed Book 3879, at Page 226. In which Jay C. Gibson and William D. Gibson, by Jay C. Gibson, his Attorney-in-Fact, did convey unto Jeremiah F. McCormick, as Trustee, for West Virginia Federal Credit Union, as successor in interest by merger with Mountain Valley Federal Credit Union, beneficiary of said deed of trust, and which beneficiary West Virginia Federal Credit Union did further elect and appoint L. Richard Dorsey, II, as Substitute Trustee, by a Substitution of Trustee dated March 19, 2020, and recorded in the aforesaid Clerk’s Office in Trust Deed Book 4414, at page 9, on March 19, 2020. Default having been made under the aforementioned Credit Line Deed of Trust, and the undersigned Substitute Trustee having been instructed by the secured party to foreclose pursuant to said deed of trust, will offer for sale at public auction, at the front door of the Kanawha County Courthouse, in Charleston, West Virginia, on May 19, 2020, at 10:00 o’clock am. At the time of the execution of the Deed of Trust the Grantor represented the property to have a physical address of 1302 Valentine Circle, Nitro, WV 25143, said property is described on the attached Exhibit A. Being the same property conveyed unto Jay C. Gibson and William D. Gibson, by Jay C. Gibson, by Deed dated March 5, 2003, and recorded in the Office of the Clerk of the County Commission of Kanawha County, West Virginia in Deed Book 2571, at page 300. TERMS OF SALE: 1. $5,000.00 in Cash or certified funds on the day of sale with the balance due in 30 days of sale. 2. The sale of the property will be made subject to all matters having priority over the deed of trust referred to herein including but not limited to any and all easements and taxes against said property, all prior liens, encumbrances, leases, restrictions, covenants, conditions, rights of ways and easements of any nature whatsoever, Subject to the redemption rights of the Internal Revenue Service as set forth in 11 U.S.C. 7425. 3. The purchasers at the sale shall be responsible for paying the recording costs and also the tax on the privilege of transferring real property (the cost of the tax stamp to be affixed to the deed). The purchasers shall be responsible for payment of all real estate taxes. 4. Subject property is sold “AS IS” condition. The Substitute Trustee makes no representations and warranties of any kind or character including but not limited to the condition of the real estate or the title to the real estate conveyed. All real estate will be conveyed with no covenants of warranty, and subject to all covenants, restrictions, easements, rights of way and reservation which may be a matter of record in the aforesaid Clerk’s Office or visible upon the ground, all prior liens and encumbrances, including, without limitation, liens for real estate taxes, incinerator, sanitary and sewer charges. Substitute Trustee shall be under no duty to cause any existing tenant or person occupying the subject property to vacate said property. 5. The beneficiary of the Deed of Trust and holder of the note thereby secured reserves the right to submit a bid for the property at the sale, which may be in the form of a credit bid. 6. All other terms as may be announced at time of sale. 7. FEDERAL TAX LIEN: In the event that there are any 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. Pursuant to the Deed of Trust, the Trustee may postpone the sale by public announcement at the time and place designated or by posting notice of the same, and act by agent in the execution of the sale. The parties secured by the Deed of Trust reserve the right to purchase the property at such sale. Given under my hand this 20th day of April, 2020. L. Richard Dorsey, II, Substitute Trustee File#: 20-RE-056 EXHIBIT A All that certain lot, tract, or parcel of land, together with the improvements thereon and the appurtenances thereunto belonging, being Lot No. One (1), as shown on Section Five (5) of a revised map of part of Sattes, Nitro District (formerly Union District), Kanawha County, West Virginia, filed of record in the Office of the Clerk of the County Commission of Kanawha County, West Virginia, this Lot No. Once fronts on Valentine Circle and Main Avenue (formerly Elizabeth Street) being a corner lot and being recorders in Map Book 16, at page 101. Being the same property conveyed unto Jay C. Gibson and William D. Gibson, by Jay C. Gibson, by Deed dated March 5, 2003, and recorded in the Office of the Clerk of the County Commission of Kanawha County, West Virginia in Deed Book 2571, at page 300. LC-91524 04-23,30;2020
