NOTICE OF TRUSTEEáS SALE
NOTICE IS HEREBY GIVEN that by virtue of a certain Credit Line Deed of Trust (the âDeed of Trustã) dated July 17, 2007 made by Michael W. Johnson, unmarried, and Robert Johnson, married (together âGrantorã), to Barry W. Dobson, Trustee, of record in the Office of the Clerk of the County Commission of Wood County, West Virginia, in Trust Deed Book No. 1452, at page 608, to secure The Huntington National Bank in the original amount of $1,163,400.00, and that certain Modification of Deed of Trust dated December 11, 2007 in the amount of $1,290,000.00 of record in Lien Book 1493, at page 721, and The Huntington National Bank being authorized and empowered to designate and appoint one or more substitute trustees in the place and stead of the trustee named in the Deed of Trust and the undersigned, Arthur M. Standish and/or Sarah C. McCarty, now known as Sarah C. Ellis, having been so appointed by the terms of a Designation of Substitute Trustee of record in said Clerkás office, and an event of default having occurred and said Substitute Trustees having been requested in writing so to do by The Huntington National Bank, owner and holder of said note, the aforesaid sale was scheduled for Friday, October 30, 2015 at 11:00 a.m. and continued to
FRIDAY, DECEMBER 4, 2015 AT 11:00 A .M. EASTERN TIME
will offer for sale and sell at public auction at the front door of the Wood County Courthouse, 1 Courtsquare, Parkersburg, West Virginia, to the highest bidder therefore, which is comprised of all of the right, title, and interest, in and to the following described real property, together with all existing or subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights including stock in utilities with ditch or irrigation rights; and all other rights, royalties and profits relating to the real property, including without limitation any right, title and interest of Grantor in all minerals, oil, gas geothermal and similar matters, situate in the District of Parkersburg, Wood County, West Virginia and being more particularly bounded and described as follows:
BEING all of Lots Two and Three of Worthington Meadows Addition, a plat of which Addition is of record in the Office of the Clerk of the County Commission of Wood County, West Virginia, in Plat Book 14, at Page 6.
The sale of said property will be made subject to all exceptions, encumbrances, reservations, rights of way, easements, conditions, covenants, restrictions, leases and other servitudes of record, if any, pertaining to said real estate, and any and all unpaid taxes assessed against said property, including any rights that current tenants may have under West Virginia Law. In addition, pursuant to 26 C.F.R Œ301.7425 (d)(1) the United States has the right to redeem the property for a period of 120 days following the date of the trustee’s sale under 26 U.S.C. Œ7425(d). The redemption period starts from the consummation of the sale.
Joe R. Pyle Auction Service will assist with the sale. Any sale hereunder may be adjourned from time to time without notice other than oral proclamation at the time and place appointed for the sale. The Trustees reserve the right to reject any or all bids. Conveyance shall be by deed, with no warranties given and purchaser shall pay for all transfer stamps, recording fees, and other closing costs.
TERMS OF SALE: Ten percent (10{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}) of the sales price shall be paid by cash, cashier’s check, or check guaranteed by bank letter of credit in acceptable form, in hand on the day of sale (the âGood Faith Depositã), with the balance to be paid in cash at closing within 30 days after the date of sale. Additional terms and conditions shall be announced at the sale.
At public sale any person or entity may bid and may purchase any real estate sold if they be the highest bidder. If the real estate is sold for an amount in excess of the outstanding balance of the mortgage, together with all interest, unpaid real estate taxes and costs, said excess must be used to satisfy any other encumbrances on said property and after all said encumbrances are satisfied together with all interest and costs, any excess then remaining must be paid to the Grantor. If the Grantor or any person holding an encumbrance cannot be found after a diligent search, the money shall be paid into the Circuit Court of the county for the benefit of the Grantor or the holder of any such encumbrance.
Dated: October 26. 2015
/s/: Arthur M. Standish,
as Substitute Trustee
/s/: Sarah C. Ellis,
as Substitute Trustee
Steptoe & Johnson PLLC
- O. Box 1588
Charleston, WV 25326
Nov 9, 16