1852 Old Savannah Rd

NOTICE OF SALE UNDER POWER STATE OF GEORGIA COUNTY OF RICHMOND 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 California Economic Development Initiative I, LLC ("Grantor"), to and in favor of Velocity Commercial Capital, LLC ("Original Lender"), dated November 28, 2023, recorded December 11, 2023 at Deed Book 1910, Page 362. Richmond County, Georgia records; as finally assigned to U.S. Bank Trust Company, National Association as Indenture Trustee for VCC 2025-MC1 Trust ("Lender") by that certain Assignment of Deed to Secure Debt, pending recording, aforesaid Georgia records (the "Security Deed"); securing that certain Term Note, dated November 28, 2023 in the original principal amount of $112,500.00 (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 Richmond County, Georgia, on the first Tuesday, in August, 2025, the following described property (the "Premises") to wit: All and only that parcel of land, lying and being in the City of Augusta, Richmond County, Georgia, containing 0.17 acres, more or less, being Lot 2, shown in Realty Book 26-L, Page 594, described In Deed Book 942, Page 1402, the description contained therein being incorporated herein by this reference. Subject Property Address: 1852 Old Savannah Road, Augusta, GA 30901 Parcel ID: 0731087000 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, agent for Lender, Ivan Lopez, 2945 Townsgate Road, Ste. 110, Westlake Village, CA 91361; (818) 532-3724, ilopez@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, California Economic Development Initiative I, LLC, or a tenant or tenants and said property is more commonly known as 1852 Old Savannah Road, Augusta, Georgia 30901-3739. U.S. Bank Trust Company, National Association as Indenture Trustee for VCC 2025-MC1 Trust as Attorney-in-Fact for California Economic Development Initiative I, LLC Lisa A. Frank McCalla Raymer Leibert, Pierce, LLP 1544 Old Alabama Road Roswell, Georgia 30076 (678) 281-6503 Lisa.Frank@mccalla.com Publication Dates LGSC0326991