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Notice of Sale Under Deed of Trust

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0308 0315

Legal Notice
NOTICE OF SALE UNDER DEED OF TRUST
Default having been made in the payment of that certain note and debt secured by that certain deed of trust, executed by Michael Drake, which deed of trust is dated June 20, 2011, and recorded in the Office of the Clerk of the County Commission of Clay County, West Virginia, in Trust Deed Book 126 page 1051, and demand for sale having been made by the beneficiary and holder of the note and debt secured thereby, to-wit: Premier Bank, Inc. formerly known as Bank of Gassaway; notice is hereby given that on the 30th day of March, 2017, at 11:30 o’clock A.M., the undersigned, Substitute Trustee, Terry D. Reed, will offer for sale at public auction to the highest bidder thereof, at the front door of the Courthouse at Clay County, West Virginia, subject to the reservations, exceptions and provisions hereinafter mentioned, described or referred to, the following described real estate, together with the improvements thereon and the appurtenances thereunto belonging, being more particularly described as follows:
All that certain land, together with the improvements thereon and the appurtenances thereunto belonging, situate in Otter District, Clay County, West Virginia, and more particularly bounded and described as follows, to-wit:
BEGINNING at a fence post and iron rod at the north side of road around the northeastern end of Jack Drakie’s property; thence up the hill leaving road N. 00-240 feet to an iron pin; thence in a northeastern direction 11-120 feet to an iron pin; thence around the hill in a northeastern direction 83-360 feet to an iron pin; thence down the hill in a Southeast direction 30-293 feet to an iron pin on the northern side of the road; thence following the northern side of the road in a southwesterly direction 55-180 feet to an iron pin beside the road; thence along the road in a southwesterly direction 80-268 feet to the place of beginning, containing 3 acres, more or less, however this is a sale by boundary;
BEING the same lot parcel of real estate conveyed unto Michael Drake by Jackey D. Drake, by deed dated October 13, 1999, and recorded in the Office of the Clerk of County Commission of Clay County, West Virginia, in Deed Book No. 182 at page 767.
There is permanently situated on the aforesaid tract a certain mobile home, to-wit: 2000, FH CLAT housetrailer Serial Number: CLR016562TNABO, which mobile home is permanently attached to and incorporated as a part of said real estate. Said mobile home will be sold as part of the property.
This conveyance is made subject to all existing reservations, restrictions, exceptions, conditions, easements, rights of way or other servitudes, if any, made, reserved or created in prior deeds of record in said Clerk’s office, or which would be disclosed by a visual inspection of the premises.
This sale is made subject to, and where applicable, the Purchaser herein shall have the benefit of the exceptions, reservations, rights of way, easements and provisions contained in the foregoing deeds of record.
This sale is further made subject to any and all terms of any other deeds constituting the chain of title. The aforesaid tract, and sale thereof, are subject to rights of way or easements and all prior reservations, exceptions, restrictions and agreements affecting the premises which are of record in said Clerk’s Office or which would be disclosed by a careful inspection of the premises and any unpaid real estate taxes.
Said sale is further made subject to any prior reservations of coal, oil or gas, minerals, and mining, drilling and production rights pertinent thereto. No representation or warranty as to the status of title to the aforesaid property, nor the status of any appurtenances or rights pertaining thereto is given.
TERMS OF SALE
Ten (10{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}) Percent cash in hand on day of sale, remaining balance within thirty (30) days, and subject to any and all unpaid or unassessed property taxes against said real estate.
The undersigned Trustee reserves the right to continue, cancel, or postpone the sale of said real estate and property from time to time, and to reject all bids if deemed inadequate as he may determine necessary, without notice other than oral proclamation of said postponement, continuation or cancellation at the advertised time and place of said sale.
Dated at Buckhannon, West Virginia, this 24th day of February, 2017.
Terry D. Reed, Substitute Trustee
P.O. Box 310
Buckhannon, West Virginia 26201
304-472-1565