200 Adeline Ave Nw

NOTICE OF SALE UNDER POWER STATE OF GEORGIA COUNTY OF FULTON Under and by virtue of the power of sale contained in that certain Deed to Secure Debt, Security Agreement and Assignment of Rents and Leases, from Templeguard Homes, LLC ("Grantor"), to and in favor of Velocity Commercial Capital, LLC ("Lender"), dated April 30, 2024, recorded May 1, 2024 at Deed Book 67809, Page 272, Fulton County, Georgia records (the "Security Deed"); securing that certain Time Note, dated April 30, 2024 in the original principal amount of $288,499.00 (the "Note"); there will be sold at public outcry by Lender as attorney-in-fact of Grantor to the highest bidder for cash between the legal hours for sale before the Courthouse door or any other officially designated area for such foreclosure sales in Fulton County, Georgia, on the first Tuesday, in August , 2025, the following described property (the "Premises") to wit: All that tract or parcel of land lying and being in Land Lot 174 of the 14th District of Fulton County, Georgia, being Lot 8, Block 12 of the Dixie Hills Subdivision, and being more particularly described as follows: Beginning at the Northwest corner of the intersection of Tiger Flowers Drive and Adeline Avenue; running thence West along the North line of Tiger Flowers Drive 150 feet; thence North 60 feet; thence East 150 feet to the West side of Adeline Avenue; thence South along the West side of Adeline Avenue 60 feet to the point of beginning. Parcel ID: 14 017400090291 FURTHER LESS AND EXCEPT that property, if any, released of record. The indebtedness evidenced by the Note is due and payable and remains unpaid. The Security Deed therefore has become and is now foreclosable according to its terms. Accordingly, the Premises will be sold at public outcry pursuant to the terms of the power of sale provided in the Security Deed. The Premises will be sold on an as is, where is basis without recourse against Lender and without representation or warranty of any kind or nature whatsoever by Lender with respect thereto. The proceeds of the sale are to be applied first to the expenses of the sale and all proceedings in connection therewith, including attorneys fees (notice of intention to collect attorneys fees having been given), then to the payment of all sums secured by the Security Deed, and the remainder, if any, will be paid to the person or persons legally entitled thereto, all as provided in the Note and Security Deed. The Premises shall be sold as the property of Grantor, subject to all restrictions, easements and other matters of record that are prior to the Security Deed and to which the Security Deed is subject and to any unpaid city, county and state ad valorem taxes or assessments relating to the Premises. The entity that has full authority to negotiate, amend, and modify all terms of the Note with the Borrower is: Velocity Commercial Capital, LLC, Lender, Kris Saenz, 2945 Townsgate Road, Ste. 110, Westlake Village, CA 91361; (818) 338-9766, ksaenz@velocitycommercial.com. Please understand that the secured creditor is not required by law to negotiate, amend, or modify the terms of the Deed instrument. To the best knowledge and belief of the undersigned, the party in possession of the Premises is Grantor, Templeguard Homes, LLC, or a tenant or tenants and said property is more commonly known as 200 Adeline Avenue, NW, Atlanta, Georgia 30314-1702. Velocity Commercial Capital , LLC as Attorney-in-Fact for Templeguard Homes, LLC Lisa A. Frank McCalla Raymer Leibert, Pierce, LLP 1544 Old Alabama Road Roswell, Georgia 30076 (678) 281-6503 Lisa.Frank@mccalla.com 7:9,16,23,30ep