2167 Old Hwy 411

CLASS:10900 NOTICE OF SALE UNDER POWER IN DEED TO SECURE DEBT Under and by virtue of the power of sale contained on that certain Security Deed to Secure Debt after default, executed by REECE D. ELROD to Builtwell Bank, dated May 11, 2023, recorded in the Office of the Clerk of the Superior Court of Murray County, Georgia in Deed Book 1052, Page 593 to secure a Note in the principal amount of Four Hundred Twenty-Nine Thousand Four Hundred Ninety and 37/100 ($429,490.37); default in payments having occurred, following Builtwell Bank declaring the entire amount due with interest, the undersigned will sell at public outcry to the highest bidder for cash before the customary door of the Courthouse of Murray County, Georgia, (or such other area as designated by Order of the Superior Court of said county), within the legal hours of sale on August 5, 2025 (being the first Tuesday of said month unless said date falls on a Federal Holiday, in which case being the first Wednesday of said month), the following described property: The Land referred to herein below is situated in the County of Murray, State of Georgia, and is described as follows: All that Tract or parcel of land lying and being in Land Lots Nos. 53 and 54 in the 8th District and 3rd Section of Murray County, Georgia, bounded as follows: On the north by the north original lines of Land Lots Nos. 53 and 54; east by "Old" U.S. Highway 411; south by public road running from "Old" U.S. Highway 411 at Mt. Pisgah Church to Spring Place-Ramhurst Road (also known as Rymer Road East); and west by "New" U.S. Highway 411. Property known as: 2167 Old Highway 411, Chatsworth, GA 30705 PRIOR AND LAST DEED REFERENCE: Deed recorded in Book 290, Page 330, Clerk of Superior Court, Murray County, GA. The property is also encumbered by the following liens recorded in the Office of the Clerk of Superior Court of Murray County, Georgia: (1) Assignment of Rents to Builtwell Bank dated May 11, 2023, of record in Book 1052, Page 603. Notice of the Trustees foreclosure sale has been given to all interested parties listed above, as well as, Reece Derek Elrod, PO Box 388, Chatsworth, GA 30705. The property described above will be sold to the highest bidder for cash, the proceeds to be applied to the payment of the indebtedness secured by the Deed to Secure Debt, attorneys' fees, and the lawful expenses of the sale, all as provided in the Notes and the Deed to Secure Debt. The property will be sold subject to any and all easements, liens and restrictions appearing of record, if any, and to all unpaid taxes and assessments. To the best knowledge and belief of the undersigned, the Encumbered Property is presently in the possession of the Grantor or Grantor's tenant, or tenant(s), successors and/or assigns. The proceeds of this foreclosure sale to be applied to the lawful expenses of the foreclosure sale and then to the payment of the Note with accrued and unpaid interest; to sums due the Lender/Secured Party under the terms of the Security Deed or by law, and to attorneys' fees as allowed under the Note (notice of intent to collect said attorney's fees having been given), all as provided in the Security Deed. Any balance will be distributed as provided by law. The sale will be subject to all unpaid ad valorem taxes or assessments (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, and any liens, encumbrances, zoning ordinances, restrictions, covenants, and matters of record which are superior in title to the Security Deed. The successful purchaser at this sale will be required to either credit bid, if the owner of the Note, or deliver the entire purchase price at the conclusion of the auction in the form of a certified check(s) made payable to or endorsed to Douglas R. Johnson, Trustee. Any amount received more than the winning bid will be refunded to the purchaser at the time of delivery of the foreclosure deed. The sale will be conducted subject to (1) confirmation that the sale is not prohibited under U.S. Bankruptcy Code; and (2) final confirmation and audit of the status of the loan with the holder of the security deed. Pursuant to O.C.G.A. Section 9 13 172.1, which allows for certain procedures regarding the rescission of judicial and nonjudicial sale in the State of Georgia, the Deed Under Power and other foreclosure documents may not be provided until final confirmation and audit of the status of the loan as provided in the preceding paragraph. This firm is attempting to collect a debt, and any information obtained will be used for that purpose. Jerry Lee of Builtwell Bank has full authority to negotiate, amend or modify the terms of the Note and Security Deed, referenced above, at 728 Broad Street, Chattanooga, TN 37402, (423) 668-4720. Builtwell Bank By: Douglas R. Johnson Johnson & Mulroony, P.C. Attorneys-in-fact for Builtwell Bank 428 McCallie Avenue, Chattanooga, TN 37402 7/2, 7/9, 7/16, 7/23 #1790