7446 Covington Hwy

430-499447 7/10,7/17,7/24, 7/31NOTICE OF SALE UNDER POWERSTATE OF GEORGIACOUNTY OF DEKALBUnder 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 Denali Community Services, LLC ("Grantor"), to and in favor of Giscombe Development Company, LLC ("Original Lender"), dated November 2, 2023, recorded November 16, 2023 at Deed Book 31179, Page 367, Dekalb County, Georgia records; assigned to Velocity Commercial Capital, LLC by Assignment recorded January 24, 2024 at Deed Book 31261, Page 595, aforesaid Georgia records; as finally assigned to U.S. Bank Trust Company, National Association as Trustee for Velocity Commercial Capital Loan Trust 2024-1 ("Lender") by that certain Assignment of Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents, recorded February 5, 2024 at Deed Book 31276, Page 695, aforesaid, Georgia records (the "Security Deed") securing that certain Term Note, dated November 2, 2023, in the original principal amount of $833,000.00 (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 Dekalb 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 137,16° District, Dekalb County, Georgia, being more particularly described in the following three warranty deeds:1. 2.463 acres as shown on a plat for A. M. Johnson recorded in Plat Book 83, Page160, DeKalb County, Georgia records, and conveyed to Lassiter Properties, Inc.by Warranty Deed dated December 30, 1986, recorded in Deed Book 5765, Page281, Dekalb County, Georgia records;2, Land conveyed to Lassiter Properties, Inc. by Warranty Deed dated April 6, 1987, recorded in Deed Book 5904, Page 109, Dekalb County, Georgia records; and3. 0.802 of an acre conveyed to Lassiter Properties. Inc. by Warranty Deed dated December 29, 1986, recorded at Deed Book 5730, Page 561, Dekalb County, Georgia records.LESS AND EXCEPT:1. 1.524 acres conveyed by that certain Warranty Deed from Carolyn W.Williams to O'Reilly Automotive, Inc., recorded in Deed Book 19924, Page256, Dekalb County, Georgia records.2. Rights of Way to the Georgia Department of Transportation by deeds from:a.Judson W. Germon, dated August 23, 1978, recorded in Deed Book 3877,Page 130, Dekalb County, Georgia records; andb. R.O. Persons and G. Ogden Persons, 11, dated August 25, 1978,recorded at Deed Book 3888, Page 80, Dekalb County, Georgia records.Being the same property conveyed to Elan, Inc. by Limited Warranty Deed recordedin Deed Book 21294, page 170, DeKalb County, Georgia records. Subject Property address: 7446 Covington Highway, Stonecrest, Georgia 30058Parcel ID- 16 137 02001FURTHER 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 willbe 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, as agent for Lender, Gloria-Jane Meyer 2945 Townsgate Road, Suite #110, Westlake Village CA 91361; (818) 338-9779 gmever(@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, Denali Community Services, LLC, or a tenant or tenants and said property is more commonly known as 7446 Covington Highway, Stonecrest, Georgia 30058.U.S. Bank Trust Company, National Association as Trustee for Velocity Commercial Capital LoanTrust 2024-1as Attorney-in-Fact for++Denali Community Services, LLC++Lisa A. FrankMcCalla Raymer Leibert Pierce LLP1544 Old Alabama RoadRoswell, Georgia 30076(678) 281-6503Lisa.Frank@mccalla.com