1470 Lawrenceville Hwy Nw

NOTICE OF SALE UNDER POWER GEORGIA, GWINNETT COUNTY: By virtue of a power of sale in that certain Commercial Real Estate Mortgage Deed to Secure Debt from SARC GA-Lawrenceville, LLC, a Missouri limited liability company (?Grantor?), to MRV Banks (?Holder?), dated June 2, 2023 and recorded on June 6, 2023 in Deed Book 60630, Page 439, Gwinnett County, Georgia Records, as amended or otherwise affected by that certain Modification Agreement - Security Deed dated September 30, 2024 and recorded on December 10, 2024 in Deed Book 61572, Page 210, aforesaid records (together, the Security Deed), the Security Deed having been given to secure the indebtedness evidenced by, among other things, that certain Commercial Property Note dated June 2, 2023, in the original principal amount of $5,070,000.00, executed by Grantor in favor of Holder (the ?Note?, as may have been amended, restated, extended, renewed, and/or supplemented from time to time), the undersigned will sell at public outcry to the highest bidder for cash before the door of the County Courthouse in Gwinnett County, Georgia, on the first Tuesday in September 2025 (i.e., September 2, 2025), between the legal hours of sale, all or parts of the property located at 1470 Lawrenceville Highway, Lawrenceville, Georgia 30044, more particularly described as follows: ALL THAT TRACT or parcel of land situate, lying and being in Land Lots 79 and 82 of the 5th Land District of Gwinnett County, Georgia, and being more particularly described as follows: Commencing at the intersection of the west right-of-way margin of Sugarloaf Centre Drive with the southern right-of-way margin at U.S. Highway #29 (Lawrence Highway) and being the TRUE POINT OF BEGINNING, and running thence; THENCE South 38 degrees 16 minutes 56 seconds East a distance of 84.99 feet to a corner; THENCE South 01 degrees 51 minutes 03 seconds West a distance of 142.87 to a point on a curve; THENCE along a curve to the right having a radius of 370.00 feet a delta of 06 degrees 07 minutes 21 seconds, an arc length 39.54 feet and a chord which bears South 04 degrees 54 minutes 40 seconds West having a chord distance of 39.52 feet to a corner; THENCE North 82 degrees 01 minutes 34 seconds West a distance of 198.03 feet to a corner; THENCE North 07 degrees 58 minutes 25 seconds East a distance of 95.18 feet to a point of curve; THENCE along a curve to the left having a radius of 200.00 feet a delta of 07 degrees 48 minutes, 04 seconds an arc length of 27.23 feet and a chord which bears North 04 degrees 04 minutes 24 seconds East having a chord distance of 27.21 Feet to a point of tangency; THENCE North 00 degrees 10 minutes 23 seconds East a distance of 104.02 feet to a point on a curve for a corner; THENCE along a curve to the right having a radius of 1,306.73 feet a delta of 05 degrees 58 minutes 08 seconds, an arc length 136.13 feet and a chord which bears South 88 degrees 18 minutes 42 seconds East having a chord distance of 136.07 feet to the POINT OF BEGINNING, and containing 43,676.15 square feet or 1.0027 acre(s) of land, more or less. ALSO DESCRIBED AS: All that tract or parcel of land lying and being in Land Lots 79 and 82 of the 5th Land District of Gwinnett County, Georgia and being more particularly described as Lot 2, Block "A" of Sugarloaf Centre on a survey prepared by Rochester & Associates, Inc., as more particularly depicted on a plat recorded in Plat Book 89, Pages 221 through and including 224, Records of Gwinnett County, Georgia. Tax ID: R5079 137 (Hereafter referred to as the Property, together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures, tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description and all other rights and privileges including all minerals, oils, gas, water (whether groundwater, subterranean or otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-described real property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites, storage rights, dams and water stock that may now, or at any time in the future, be located on and/or used in connection with the above-described real property, payment awards, amounts received from eminent domain, amounts received from any and all insurance payments, and timber which may now or later be located, situated, or affixed on and used in connection therewith). THIS SALE OF THE PROPERTY WILL BE MADE WITHOUT ANY WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO TITLE, CONDITION, MERCHANTABILITY, OR FITNESS FOR ANY USE OR PURPOSE WHATSOEVER. The Property will be sold as the property of Grantor. To the undersigned's best knowledge and information, Grantor is the party in possession of the Property. The sale of the Property will be ?as is? and ?where is?, and subject to any and all of the following, as applicable: zoning ordinances; matters that would be disclosed by an accurate survey or an inspection; outstanding taxes and governmental assessments, including unpaid real and personal property ad valorem taxes; outstanding bills for public utilities that constitute liens upon the Property; and restrictive covenants, easements, rights-of-way, assessments of record, and matters of record superior to the Security Deed as applicable. The sale of the Property will be conducted subject to (i) confirmation that it is not prohibited by the United States Bankruptcy Code, and (ii) the provisions of Section 9-13-172.1 of the Official Code of Georgia that permit the rescission of judicial and non-judicial foreclosure sales in Georgia in certain circumstances. The undersigned will execute a deed to the purchaser of the Property as provided in the Security Deed. The Note is in default by virtue of one or more Events of Default including, without limitation, Grantor's failure to make payments to Holder as and when due. The Note remaining in default, Holder has accelerated the same, and this sale will be made for the purpose of paying such indebtedness, together with additional interest accruing thereon, expenses of the sale, attorney's fees, and all other sums provided for under the Note or otherwise secured by the Security Deed. Remaining proceeds, if any, will be applied as provided by law. The following individual or entity has full authority to negotiate, amend, and modify the terms of the Note and the Security Deed: Douglas M. Watson, President/CEO, MRV Banks, 101 S. Mt. Auburn Rd., Cape Girardeau, MO 63703; (573) 803-5444. However, such individual or entity is not required by law to negotiate, amend, or modify the terms of the Note or the Security Deed. By: MRV Banks, holder of the Security Deed and Attorney-in-Fact for Grantor: c/o Kevin A. Stine (Georgia Bar No. 682588), Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C., Suite 1500, 3414 Peachtree Road, N.E., Atlanta, GA 30326; kstine@bakerdonelson.com; (404) 577-6000. 8/6,13,20,27,2025