Details for NOTICE OF SALE


NORTH CAROLINA ROCKINGHAM COUNTY Special Proceedings No. 19 SP 343 Substitute Trustee: Philip A. Glass NOTICE OF FORECLOSURE SALE Date of Sale: January 15, 2020 Time of Sale: 1:30 p.m. Place of Sale: Rockingham County Courthouse Description of Property: See Attached Description Record Owners: Margaret H. Wray aka Margaret Howerton Wray Address of Property: 1406 Lincoln Street Eden, NC 27288 Deed of Trust: Book : 1013 Page: 890 Dated: May 24, 1999 Grantors: Harry L. Wray Jr. and Margaret H. Wray, husband and wife Original Beneficiary: American Nationwide Mortgage Company, Inc., a Florida Corporation CONDITIONS OF SALE: Should the property be purchased by a third party, that person must pay the tax of Forty-five Cents (45¢) per One Hundred Dollars ($100.00) required by N.C.G.S. §7A-308(a)(1). This sale is made subject to all unpaid taxes and superior liens or encumbrances of record and assessments, if any, against the said property, and any recorded leases. This sale is also subject to any applicable county land transfer tax, and the successful third party bidder shall be required to make payment for any such county land transfer tax. A cash deposit of 5% of the purchase price will be required at the time of the sale. Any successful bidder shall be required to tender the full balance of the purchase price so bid in cash or certified check at the time the Substitute Trustee tenders to him a deed for the property or attempts to tender such deed, and should said successful bidder fail to pay the full balance purchase price so bid at that time, he shall remain liable on his bid as provided for in North Carolina General Statutes Section 45-21.30 (d) and (e). This sale will be held open ten (10) days for upset bids as required by law. Residential real property with less than 15 rental units, including single-family residential real property: an order for possession of the property may be issued pursuant to G.S. 45-21.29 in favor of the purchaser and against the party or parties in possession by the clerk of superior court of the county in which the property is sold. Any person who occupies the property pursuant to a rental agreement entered into or renewed on or after October 1, 2007, may, after receiving notice of sale, terminate the rental agreement by providing written notice of termination to the landlord, to be effective on a date stated in the notice that is at least 10 days, but not more than 90 days, after the sale date contained in the notice of sale, provided that the mortgagor has not cured the default at the time the tenant provides the notice of termination. Upon termination of a rental agreement, the tenant is liable for rent due under the rental agreement prorated to the effective date of the termination. Philip A. Glass, Substitute Trustee Nodell, Glass & Haskell, L.L.P. EXHIBIT "A" THE LAND REFERRED TO IN THIS COMMITMENT IS LOCATED IN THE COUNTY OF ROCKINGHAM AND THE STATE OF NORTH CAROLINA IN DEED BOOK 398 AT PAGE 293 AND DESCRIBED AS FOLLOWS: TRACT I: BEGINNING AT A STAKE ON THE PUBLIC ROAD, THE NORTHEAST CORNER OF LOT NO. 36, AS SHOWN PER MAP HEREINAFTER REFERRED TO: THENCE WITH THE LINE OF LOT NO. 36 N. 70 1/2 DEG. W. 502.4 FEET TO A STAKE, THENCE NORTH 31 1/2 DEG. EAST 104 FEET TO A STAKE, CORNER WITH LOT NO. 33; THENCE SOUTH 70 1/4 DEG. EAST WITH THE LINE OF LOT NO. 33, 481.6 FEET TO A STAKE IN THE PUBLIC ROAD, THENCE WITH THE SAID ROAD IN A SOUTHWESTERNLY DIRECTION 100 FEET TO THE PLACE OF BEGINNING, THE SAME BEING LOTS NOS. 34 AND 35, AS SHOWN ON PLAT OF SUBDIVISION OF W. D MARTIN LAND NEAR SPRAY, NC, WHICH PLAT WAS MADE BY SAMUEL F. RIXBY, SURVEYOR, AUGUST 27, 1923, AND IS DULY RECORDED IN THE OFFICE OF THE REGISTER OF DEEDS OF ROCKINGHAM COUNTY, NORTH CAROLINA, TO WHICH PLAT REFERENCE IS HEREBY MADE FOR A FURTHER DESCRIPTION OF SAID LOTS. TRACT II: BEGINNING AT A STAKE ON THE WEST SIDE OF ROAD, CORNER O F LOT #30, AND RUNNING THENCE WITH THE SOUTH LINE OF LOT #30, 450.4 FEET TO A STAKE; THENCE SOUTH 31 1/2 DEG. W. 156 FEET TO CORNER OF LOT #34; THENCE WITH NORTH LINE OF LOT #34, 481.4 FEET TO A STAKE ON ROAD; THENCE WITH ROAD 150 FEET TO THE PLACE OF BEGINNING, THE SAME BEING LOTS NOS. 31, 32, AND 33 IN THE SUBDIVISION OF THE W. D. MARTIN LANDS NEAR SPRAY, NC, AS PER MAP OF SAMUEL RIXBY, MADE AUGUST 27, 1923. TRACT III: BEGINNING AT A CHESTNUT OAK, KNOWN IN OLD DEED AS SPANISH OAK; THENCE NORTH 30 DEG. 50' EAST WITH THE FORMERLY MRS. W. D. MARTIN'S LINE 749.5 FEET TO AN IRON IN MIDDLE OF ROAD; THENCE WEST 524.5 FEET TO AN RON; THENCE SOUTH 26 DEG. 20' WEST 417.5 FEET TO AN IRON IN SPRAY WATER POWER & LAND COMPANY'S LINE; THENCE WITH THEIR LINE SOUTH 49 DEG. 50' EAST 416 FEET TO THE BEGINNING, CONTAINING 5.7 ACRES, MORE OR LESS. LESS AND EXCEPT THAT PORTION OF PROPERTY CONVEYED TO BOBBY COX, JR. AND WIFE, ONNIE LEE COX ON 04/27/1959 IN BOOK 533 AT PAGE 550 CONTAINING 2.0 ACRES. PARCEL ID: 107725 PROPERTY ADDRESS: 1406 LINCOLN ST., EDEN, NC 27288

30 p.m. Place, EDEN, NC 27288


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