1980 Stanton Rd

NOTICE OF FORECLOSURE SALE UNDER POWER FULTON COUNTY, GEORGIA Under and by virtue of the Power of Sale contained in that Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing given by 1980 Stanton Road, LLC to Paper Profits Income Fund, LLC, dated June 26, 2023 and recorded on June 29, 2023 in Deed Book 66948 Page 327, in the Office of the Clerk of Superior Court of Fulton County, Georgia Records, conveying the after-described property to secure a Note in the original principal amount of $1,200,000.00, with interest thereon as set forth therein, there will be sold at public outcry to the highest bidder for cash before the courthouse door of Fulton County, Georgia, within the legal hours of sale on the first Tuesday of August 2025, the following described property: See attached Exhibit A Note that the original Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Security Deed) referenced above also includes that property known as 1660 Stanton Road SW, East Point, Georgia 30344, but that parcel is NOT included as part of the current foreclosure action. Only the property described in Exhibit A, known as 1980 Stanton Road SW, East Point GA 30344, is being sold at the auction on the first Tuesday of August, 2025. This conveyance is made subject to all zoning ordinances, easements and restrictions of record affecting said bargained premises. The debt secured by said Security Deed has been and is hereby declared due because of, among other possible events of default, failure to pay the indebtedness as and when due and in the manner provided in the Note and Security Deed. The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale, as provided in Security Deed and by law, including attorneys fees (notice of intent to collect attorneys fee having been given). The entity having full authority to negotiate, amend or modify all terms of the loan (although not required by law to do so) is: Paper Profits, LLC they can be contacted at 888-735-9403 for Loss Mitigation Dept, or by writing to 12600 Hill Country Blvd., Suite R-275, Austin, TX 78738 to discuss possible alternatives to avoid foreclosure. Said property will be sold on as-is basis and subject to any outstanding ad valorem taxes (including taxes which are a lien, but not yet due and payable), any matters which might be disclosed by an accurate survey and inspection of the property, any assessments, liens, encumbrances, zoning ordinances, restrictions, covenants, and matters of record superior to the Security Deed first set out above. To the best knowledge and belief of the undersigned, the party in possession of the property is 1980 Stanton Road, LLC or tenant(s); and said property is more commonly known as 1980 Stanton Road SW, East Point, GA 30344. The sale will be conducted subject to (1) confirmation that the sale is not prohibited under the U.S. Bankruptcy Code (2) final confirmation and audit of the status of the loan with the holder of the security deed and (3) any right of redemption or other lien not extinguished by foreclosure. Paper Profits V3, LLC as Attorney in Fact for 1980 Stanton Road, LLC. Sokolof Remtulla, LLP 3295 River Exchange Drive, Suite 280 Norcross, GA 30092 or 949-449-1577 RE: 1980 Stanton Road, LLC EXHIBIT A All the property interests set forth in the aforereferenced Security Deed, including but not limited to: All that tract or parcel of land lying and being in the City of East Point in Land Lot 167 of the 14th District of Fulton County, Georgia, more particularly described as follows: BEGININNING at a point on the southeastern side of Stanton Road 169.2 feet southwestwardly, as measured along the southeastern side of Stanton Road, and following the curvature thereof, from the intersecting of the southeastern side of Stanton Road with the east line of said Land Lot 167; running thence in a southwesterly direction along the southeastern side of Stanton Road, and following the curvature thereof 410 feet to an iron pin; thence in a southeasterly direction at an interior angle of 76 degrees 28 minutes with the chord of the arc formed by the curvature of the southeastern side of Stanton Road, 212.6 feet to an iron pin; thence in a northeasterly direction at an interior angle of 93 degrees 32 minutes with the line last run, 250.3 feet to an iron pin at the east line of said Land Lot 167; thence north at an interior angle of 162 degrees 30 minutes with the line last run, and along the east line of said Land Lot 167, 152 feet to a point on the south bank of Utoy Creek; thence in a northwesterly direction 93.5 feet to the southeastern side of Stanton Road and the POINT OF BEGINNING. Tax ID: 1-0167-LL0316 Subject to that Multifamily Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing from 1980 Stanton Road LLC, a Georgia limited liability company to Walker & Dunlop, LLC a Delaware limited liability company, dated as of October 26, 2022, filed October 31, 2022 and recorded in Deed Book 66275, Page 610, records of the Superior Court of Fulton County, Georgia, in the original principal amount of $6,339,000.00; as assigned by Assignment of Security Instrument from Walker & Dunlop, LLC, a Delaware limited liability company (Assignor) to Fannie Mae, c/o Walker & Dunlop, LLC, a Delaware limited liability company (Assignee), dated as of October 26, 2022, filed November 3, 2022 and recorded in Deed Book 66288, Page 295, aforesaid records. All matters affecting subject property as shown on Plat recorded in Plat Book 383, Page 108, aforesaid records.# records. 7:9,16,23,30ep