1560 Summit Chase Dr Sw

NOTICE OF FORECLOSURE SALE UNDER POWER STATE OF GEORGIA GWINNETT COUNTY UNDER AND BY VIRTUE of the power of sale contained in that certain deed to secure debt and security agreement dated September 28, 2022 by SHINNSPLINT LLC (Grantor), in favor of PARAGON BANK (Lender), as recorded in the Office of the Clerk of Superior Court of Gwinnett County, Georgia on October 5, 2022, at Deed Book 60240, Page 00403, (the Deed to Secure Debt), conveying the after-described real property to secure that certain promissory note from Grantor in favor of Lender dated September 28, 2022, in the original principal amount of One Million Ninety-Four Thousand and No/100 Dollars ($1,094,000.00), with interest thereon at the rate as set forth therein (the Note), Lender being the current owner and holder of the Note, there will be a sale at public outcry to the highest bidder for cash before the courthouse door of Gwinnett County, Georgia within the legal hours of sale on June 2, 2026 (being the first Tuesday of said month), the following described property (the Property): all that tract or parcel of land lying and being in Land Lot 69 of the 5th District, Gwinnett County, Georgia, being designated as Parcel 1, containing 1,685 acres, more or less, according to a ALTA/ACSM Land Title Survey for Cartmell & Sons, Inc., James Grady Enterprises, Inc., Branch Banking and Trust Company, U.S. Small Business Administration and Chicago Title Insurance Company, dated January 26, 2005, last revised June 6, 2005, prepared by Clark Design Group, H. Lanier Dunn G.R.L.S. No. 2243, and being more particularly described according to said plat as follows: BEGINNING at a concrete monument found at the southern most point of the mitre formed by the intersection of the northeasterly right of way line of Summit Chase Drive (variable right of way) and the southeasterly right of way line of U.S. Highway No. 78 (variable right of way) and run thence along said mitre north 15 degrees 57 minutes 38 seconds east a distance of 37.76 feet to a concrete monument found at the northern most point of said mitre; run thence along the southeasterly right of way line of U.S. Highway No. 78 (variable right of way) north 68 degrees 50 minutes 58 seconds east a distance of 160.89 feet to a point; leaving said right of way line run thence south 44 degrees 50 minutes and 48 seconds east a distance of 356.54 feet to a point; run thence south 31 degrees 11 minutes 36 seconds west a distance of 167.72 feet to a point located on the northeasterly right of way line of Summit Chase Drive (variable right of way); run thence along said right of way line north 45 degrees 25 minutes 28 seconds west a distance of 332.10 feet to a concrete monument found at the southern most point of the mitre formed by the intersection of the northeasterly right of way line of Summit Chase Drive (variable right of way) and the southeasterly right of way line of U.S. Highway No. 78 (variable right of way), which monument marks the TRUE PLACE OR POINT OF BEGINNING. Being improved property commonly known by an address of 1560 Summit Chase Drive, Snellville, Georgia 30078. TOGETHER with all and singular the rights, members and appurtenances thereto appertaining; also, all the estate, right, title, interest, claims or demand of the said James Grady Enterprises, Inc., its successors and assigns, legal, equitable or otherwise whatsoever, in and to the same. TOGETHER WITH: that Declaration of Easements, by Commercial Contractors Enterprises, Inc., a Georgia corporation, dated June 21, 2005, filed June 28, 2005, recorded at Deed Book 43297, Page 93, Gwinnett County, Georgia Records. Together with all of Grantors right, title and interest in and into all buildings, structures and improvements of every nature whatsoever, and all furnishings, furniture, fixtures, machinery, equipment, appliances, goods, general intangibles and personal property of every kind and nature whatsoever now or hereafter owned by Grantor and located in, on or about, or used or intended to be used with or in connection with the use, operation or enjoyment of the Property, and all easements, rights, appurtenances, income, rents, all of which shall be deemed to be and remain a part of the Property, and all other property of Grantor more specifically described in the Deed to Secure Debt. The debt secured by said Deed to Secure Debt has been and is hereby declared due and payable because of default under the terms of the Note and the Deed to Secure Debt, including, but not limited to, failure to pay the indebtedness as and when due and in the manner provided in the Note and Deed to Secure Debt. The debt remaining in default, this sale will be made for paying the same, accrued interest, all expenses of this sale, and all other payments provided for under the Deed to Secure Debt, as provided in the Deed to Secure Debt and by law, including attorneys fees (the statutory notice of intent to collect attorneys fees having been given). To the best knowledge and belief of undersigned, the party in possession of the Property are the Grantor described in the Deed to Secure Debt or a tenant or tenants of said Grantor. Said Property will be sold subject to (a) any outstanding ad valorem taxes (including taxes which are a lien, but not yet due and payable), (b) unpaid water and sewage bills that constitute a lien against the Property whether due and payable or not yet due and payable and which may not be of record, (c) the right of redemption of any taxing authority, (d) any matters which might be disclosed by an accurate survey and inspection of the Property, and (e) all matters of record superior to the Deed to Secure Debt first set out above, including, but not limited to, assessments, liens, encumbrances, zoning ordinances, easements, restrictions, and/or covenants. The sale will be conducted subject to (1) confirmation that the sale is not prohibited under the U.S. Bankruptcy Code and (2) final confirmation and audit of the status of the loan with the holder of the Deed to Secure Debt. PARAGON BANK is the secured creditor under the Deed to Secure Debt and loan being foreclosed. Notice to the debtor as required by O.C.G.A. ? 44-14-162.2 has been given. The following entity shall have full authority to negotiate, amend, and modify all terms of the above-described Deed to Secure Debt and associated Note on behalf of Paragon Bank: PARAGON BANK 293 Pharr Road, NE Atlanta, GA 30305 Attention: Kerri Morrin Phone: (404) 419-1856 PARAGON BANK can be contacted through the following representative: Kerri Morrin at (404) 419-1856. Paragon Bank is not required by law to negotiate, amend, or modify the terms of the loan or deed to secure debt. Paragon Bank, As Attorney-In-Fact for SHINNSPLINT LLC. By its attorneys: JAMES-BATES-BRANNAN-GROOVER-LLP Erin S. Woodside, Esq. James-Bates-Brannan-Groover-LLP 1 Press Place, Suite 200 Athens, Georgia 30601 (706) 215-8321 5:6,13,20,27,2026