NOTICE OF SUBSTITUTE TRUSTEE SALE 2616 Highland Drive, Virginia Beach, VA 23456 By virtue of …

NOTICE OF SUBSTITUTE TRUSTEE SALE 2616 Highland Drive, Virginia Beach, VA 23456 By virtue of the power and authority contained in a Deed of Trust dated April 20, 2009, and recorded at Instrument Number 20090424000446120 in the Clerk's Office for the Circuit Court for Virginia Beach City, VA, securing a loan which was originally $636,000.00. The appointed SUBSTITUTE TRUSTEE, Commonwealth Trustees, LLC will offer for sale at public auction at the front steps of the Circuit Court for Virginia Beach, VA located at 2425 Nimmo Pkwy on: February 13, 2018 at 2:00 PM improved real property, with an abbreviated legal description of All that certain lot, piece or parcel of land, with the buildings and improvements thereon, situate, lying and being in the Kempsville Borough of the City of Virginia Beach, Virginia, and being known, numbered and designated as Lot 5, as shown on that certain plat entitled 'Subdivision of Highland Acres, Section One, Kempsville Borough, Virginia Beach, Virginia", dated December 1977, made by John E. Sirine and Associates, Ltd., Surveyors and Engineers, which plat is duly recorded in the Clerk's Office of the Circuit Court of the City of Virginia Beach, Virginia in Map Book 126, Page 2, and as more fully described in the aforesaid Deed of Trust. TERMS OF SALE: The property will be sold "AS IS," WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND AND SUBJECT TO conditions, restrictions, reservations, easements, rights of way, and all other matters of record taking priority over the Deed of Trust to be announced at the time of sale. A deposit of $20,000.00, or 10% of the sale price, whichever is lower, in cash or cashier's check payable to the SUBSTITUTE TRUSTEE will be required at the time of sale. The balance of the purchase price, with interest at the rate contained in the Deed of Trust Note from the date of sale to the date said funds are received in the office of the SUBSTITUTE TRUSTEE, will be due within fifteen (15) days of sale. In the event of default by the successful bidder, the entire deposit shall be forfeited and applied to the costs and expenses of sale and Substitute Trustee's fee. All other public charges or assessments, including water/sewer charges, whether incurred prior to or after the sale, and all other costs incident to settlement to be paid by the purchaser. In the event taxes, any other public charges have been advanced, a credit will be due to the seller, to be adjusted from the date of sale at the time of settlement. Purchaser agrees to pay the seller's attorneys at settlement, a fee of $445.00 for review of the settlement documents. Additional terms will be announced at the time of sale and the successful bidder will be required to execute and deliver to the Substitute Trustees a memorandum or contract of the sale at the conclusion of bidding. FOR INFORMATION CONTACT: Rosenberg & Associates, LLC (Attorney for the Secured Party) 4340 East West Highway, Suite 600 Bethesda, MD 20814 301-907-8000 www.rosenberg-assoc.com VP 25590049A

Appeared in: 
The Virginian-Pilot
Published - The Virginian-Pilot : 01/12/2018