WHEREAS, default has occurred in the performance of the covenants, terms, and conditions of a Deed of Trust Note dated October 24, 2014, and the Deed of Trust of even date securing the same, recorded March 23, 2015, in Book No. 172, at Page 222, in Office of the Register of Deeds for Wayne County, Tennessee, executed by Terry Bailey and Melany Bailey, conveying certain property therein described to Mark A. Rosser, Esq. as Trustee for Mortgage Electronic Registration Systems, Inc., as nominee for USAA Federal Savings Bank, its successors and assigns; and the undersigned, Wilson & Associates, P.L.L.C., having been appointed Successor Trustee by USAA Federal Savings Bank.
NOW, THEREFORE, notice is hereby given that the entire indebtedness has been declared due and payable; and that an agent of Wilson & Associates, P.L.L.C., as Successor Trustee, by virtue of the power, duty, and authority vested in and imposed upon said Successor Trustee, by USAA Federal Savings Bank, will, on May 15, 2019 on or about 10:00 AM, at the Wayne County Courthouse, Waynesboro, Tennessee, offer for sale certain property hereinafter described to the highest bidder FOR certified funds paid at the conclusion of the sale, or credit bid from a bank or other lending entity pre-approved by the successor trustee. The sale is free from all exemptions, which are expressly waived in the Deed of Trust, said property being real estate situated in Wayne County, Tennessee, and being more particularly described as follows:
A CERTAIN TRACT OR PARCEL OF LAND LYING AND BEING SITUATED IN THE 7TH CIVIL DISTRICT OF WAYNE COUNTY, TENNESSEE, BOUNDED AND DESCRIBED AS FOLLOWS, TO WIT: BEGINNING AT A STAKE WITH THREE POST OAK POINTERS, THE SAME BEING THE SOUTHEAST CORNER OF THE ONEAL TRACT AND THE SOUTHWEST CORNER OF THE SECOND TRACT CONVEYED TO JAMES W. FERGUSON AND WIFE, MARGARET FERGUSON BY MS. HELEN MCKELVY BROOKS AND HUSBAND, EDWARD BROOKS BY DEED DATED DECEMBER 1, 1959 AND RECORDED IN THE REGISTER'S OFFICE OF WAYNE COUNTY, TENNESSEE IN DEED BOOK 41, PAGE 450; THENCE NORTH 85 DEGREES WEST 27-4/25 POLES TO A STAKE AT FENCE CORNER; THENCE WITH FENCE SOUTH 5 DEGREES WEST 67-19/25 POLES TO A STAKE AT FENCE CORNER; THENCE SOUTH 85 DEGREES EAST 27-4/25 POLES TO A STAKE IN SAME; THENCE NORTH 5 DEGREES EAST 67-19/25 POLES TO THE PLACE OF BEGINNING, CONTAINING 12 ACRES, MORE OR LESS. PPN: 205-205-007.01-000
ALSO KNOWN AS: 1075 Tennessee Lane, Iron City, TN 38463
This sale is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fixture filing; and to any matter that an accurate survey of the premises might disclose. In addition, the following parties may claim an interest in the above-referenced property:
The sale held pursuant to this Notice may be rescinded at the Successor Trustee’s option at any time. 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. In the event of inclement weather, the trustee hereby announces that the sale will be postponed for a period of two weeks. In such situations, notices will be mailed to interested parties of record. W&A No. 337469
DATED April 12, 2019
WILSON & ASSOCIATES, P.L.L.C.,