Legals / Public Notices
SUBSTITUTE TRUSTEE’S SALE Sale at public auction will be on September 12, 2018 at 10:00AM local time, at the front door, Johnson County Courthouse, 222 West Main Street, Mountain City, Tennessee pursuant to Deed of Trust executed by Timothy B. Gerace and Patricia Gerace, to Jeffrey J. Walker P.A., Trustee, as trustee for Mortgage Electronic Registration Systems, Inc. as nominee for MetLife Home Loans, a Division of MetLife Bank, N.A. on October 27, 2008 at Book T244, Page 286, Instrument No. 08003417; conducted by Shapiro & Ingle, LLP, having been appointed Substitute or Successor Trustee, all of record in the Johnson County Register’s Office. Default has occurred in the performance of the covenants, terms, and conditions of said Deed of Trust and the entire indebtedness has been declared due and payable. Party Entitled to Enforce the Debt: JPMorgan Chase Bank, National Association, its successors and assigns. The following real estate located in Johnson County, Tennessee, will be sold to the highest call bidder: Described property located at Johnson County, Tennessee, to wit: BEGINNING at an iron pin found at the north edge of Silver Lake Road and a common corner with Berlie Barry (DB 122, pg. 772): thence, with the line of Barry, north 29°, 42’, 00″ east, 71. 38 feet to a point in branch: thence, north 09°, 36’, 00″ west, 22 9.03 feet to a point in branch; thence, north 08°, 06’, 00″ west, 1 85.13 feet to a point in branch and common corner with James Campbell (DB 115, pg. 857); thence, with the line of Campbell, north 63°, 41’, 00″ west, 344.07 feet to an iron pipe found in the eastern edge of Highway 91; thence, with the eastern edge of Highway 91, south 26°, 19’, 00″ west, 550.00 feet to a point in the general center of Silver Lake Road; thence, with the general center of Silver Lake Road, the following courses and distances: south 74°, 22’, 00″ east, 76.51 feet; thence, south 75°, 00’, 00’’ east, 298.27 feet; thence, south 78°, 18’, 00″ east, 217.46 feet; thence, leaving the general center of the Silver Lake Road, north 29°, 42’, 00″ east, 12.97 feet, back to the point of BEGINNING, containing 5.61 acres, be the same, more or less. Said property being further described by plat entitled “Survey for Hyte Crowder”, dated September 29, 1994, prepared by Thomas T. Grayson, R.L.S. No. 1346, attached to and marked as Exhibit A to that deed of record in the Register’s Office of Johnson County, Tennessee, in Deed Book 132, at page 545, to which further reference is had and made for description. EXCEPTING and RESERVING from the aforesaid is any part or portion thereof constituting the roadways and/or rights-of-way of Silver Lake Road and/or Highway 91. Street Address: 4970 Hwy 91 North, Mountain City, Tennessee 37683 Parcel Number: 020 099.01 Current Owner(s) of Property: Timothy B. Gerace and wife, Patricia C. Gerace The street address of the above described property is believed to be 4970 Hwy 91 North, Mountain City, Tennessee 37683, but such address is not part of the legal description of the property sold herein and in the event of any discrepancy, the legal description herein shall control. This sale is subject to, without limitation, all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory right of redemption of any governmental agency, state or federal; any prior liens or encumbrances including those created by a fixture filing or any applicable homeowners’ association dues or assessments; all claims or other matters, whether of record or not, which may encumber the purchaser’s title and any matter that an accurate survey of the premises might disclose. The following parties may claim an interest in the above-referenced property to be affected by the foreclosure: any judgment creditor or lien holder with an interest subordinate to the said Deed of Trust or any party claiming by, through, or under any of the foregoing. Such parties known to the Substitute Trustee may include: Tennessee Housing Development Agency. Terms of Sale will be public auction, for cash, free and clear of rights of homestead, redemption and dower to the extent disclaimed or inapplicable, and the rights of Timothy B. Gerace and Patricia Gerace, and those claiming through him/her/it/them. Any right of equity of redemption, statutory and otherwise, and homestead are waived in accord with the terms of said Deed of Trust, and the title is believed to be good, but the undersigned will sell and convey only as Substitute Trustee. The right is reserved to adjourn the day of the sale to another day, time, and place certain without further publication, upon announcement at the time and place for the sale set forth above. If you purchase a property at the foreclosure sale, the entire purchase price is due and payable at the conclusion of the auction in the form of a certified/bank check made payable to or endorsed to Shapiro & Ingle, LLP. No personal checks will be accepted. To this end, you must bring sufficient funds to outbid the lender and any other bidders. Insufficient funds will not be accepted. Amounts received in excess of the winning bid will be refunded to the successful purchaser at the time the foreclosure deed is delivered. This property is being sold with the express reservation that the sale is subject to confirmation by the lender or trustee. This sale may be rescinded only by the Substitute Trustee at any time. If the Substitute Trustee rescinds the sale, the purchaser shall only be entitled to a return of any money paid towards the purchase price and shall have no other recourse. Once the purchaser tenders the purchase price, the Substitute Trustee may deem the sale final in which case the purchaser shall have no remedy. The real property will be sold AS IS, WHERE IS, with no warranties or representations of any kind, express or implied, including without limitation, warranties regarding condition of the property or marketability of title. This office may be a debt collector. This may be an attempt to collect a debt and any information obtained may be used for that purpose. Shapiro & Ingle, LLP Substitute Trustee 10130 Perimeter Parkway, Suite 400 Charlotte, NC 28216 Phone: (704) 333-8107 Fax: (704) 333-8156 www.shapiro-ingle.com File No. 14-058389
