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NOTICE OF TRUSTEE'S SALE 1647 Ocean Bay Drive, Virginia Beach, Virginia 23454 In execution

The Virginian-Pilot
Inside Business

NOTICE OF TRUSTEE'S SALE 1647 Ocean Bay Drive, Virginia Beach, Virginia 23454 In execution of that certain deed of trust in the original principal amount of $50,898.00 dated July 11, 1997 and recorded among the land records of the City of Virginia Beach, Virginia, in Deed Book 3763, Page 1053 and subsequent modifications or re-recordings, if any, as amended by an instrument appointing the undersigned as Substituted Trustee, default having been made in the payment of the indebtedness thereby secured and having been requested to do so by the holder of the note evidencing the said indebtedness, the undersigned Substituted Trustee will offer for sale at public auction in front of the Virginia Beach Circuit Court (VA), 2425 Nimmo Parkway, Virginia Beach, Virginia, on: July 19, 2018 @ 11:00 AM The property described in said deed of trust located at the above street address, and more particularly described as: That certain Condominium Unit known as Unit No. 3B-2, Phase 3, in the condominium project known as 'Ocean Lakes Condominium, a Condominium," located in the City of Virginia Beach, Virginia, and as further designated and described in that certain condominium declaration entitled "Declaration Of Condominium, Ocean Lakes Condominium", dated May 8, 1986, and recorded May 9, 1986, in the Clerk`s Office of the Circuit Court of the City of Virginia Beach, Virginia, in Deed Book 2501, Page 254, and re-recorded May 29, 1986, in the Clerk`s Office of the Circuit Court of the City of Virginia Beach, Virginia, in Deed Book 2506, at page 1011, and amended by amendments recorded in the aforesaid Clerk`s Office, and all amendments thereto; the fee simple interest in the land comprising part of the common elements of said condominium has been subjected by the Declaration to the Condominium and a description of the said land and the buildings in the respective areas can be determined by reference to the Declaration and recorded plats and plans. TERMS OF SALE: Cash or certified funds. A non-refundable deposit of ten percent (10%) of the successful bid price, payable in cash or by certified or cashier's check to the undersigned will be required of the successful bidder at time of sale. Terms of sale to be complied with within 14 days from date of sale or deposit will be forfeit and property will be resold at costs of defaulting purchaser. All real estate taxes to be adjusted as of date of sale. Seller shall not be responsible for any costs incurred by the purchaser in connection with their purchase or settlement, including, without limitation, state and local recording fees, title insurance or research, or any other costs of purchaser's acquisition. The property and the improvements thereon will be sold as is, without representations or warranties of any kind. The sale is subject to all other liens, encumbrances, conditions, easements and restrictions, if any, superior to the aforesaid deed of trust and lawfully affecting the property. Trustee shall have no duty to obtain possession for purchaser. All risks of casualty pass to successful bidder at conclusion of bidding. Sale is subject to post-sale confirmation that the borrower did not file for protection under the U.S. Bankruptcy Code prior to the sale, as well as to post-sale confirmation and audit of the status of the loan with the loan servicer including, but not limited to, determination of whether the borrower(s) entered into any repayment agreement, reinstated or paid off the loan prior to the sale. In any such event, the sale shall be null and void, and the Purchaser's sole remedy, in law or equity, shall be the return of the Purchaser's deposit without interest. Additional terms to be announced at the sale. FOR INFORMATION CONTACT: Terra Abstract Virginia, Inc. 22375 Broderick Drive Suite 235 Dulles, VA 20166 410-635-5127, M-F Between 8:00AM - 5 P.M. (VA201800000228) VP 25683039A

Appeared in: The Virginian-Pilot

Published: The Virginian-Pilot - 06/28/2018, 07/05/2018