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Order no: 15503980
Publication: ENC Internet
Start Date: 08/13/2019
Expires: 08/20/2019
NOTICE OF FORECLOSURE SALE NORTH CAROLINA, CRAVEN COUNTY 19 SP 154 Under and by virtue of a Power of Sale contained in that certain Deed of Trust executed by MICHAEL A. SPENCER dated April 30, 2010, recorded on April 30, 2010 in Book 2907, Page 448 of the Craven County Public Registry conveying certain real property in Craven County to Philip R. Mahoney, Trustee, for the benefit of Mortgage Electronic Registration Systems Inc., as nominee for American Security Mortgage Corporation. Default having been made of the note thereby secured by the said Deed of Trust and the undersigned, having been substituted as Trustee in said Deed of Trust, and the holder of the note evidencing said default having directed that the Deed of Trust be foreclosed, the undersigned Substitute Trustee will offer for sale at the courthouse door of the county courthouse where the property is located, or the usual and customary location at the COUNTY COURTHOUSE FOR CONDUCTING THE SALE ON AUGUST 27, 2019 AT 10:00 AM, and will sell to the highest bidder for cash the following described property situated in Craven County, North Carolina, to wit: All that certain lot or parcel of land lying and being situate in Number Eight (8) Township, Craven County, North Carolina and being more particularly described as follows: Being all of Lot Number One Hundred Forty-One (141) in Channel Run as designated and described on a map entitled Channel Run duly recorded in the office of the Register of Deeds of Craven County in Plat Cabinet B, at Slide 30, to which map reference is hereby made for a more perfect description. This property is made subject to those certain restrictive and protective covenants for Channel Run recorded in Book 900, at Page 595, and as amended in Book 904, at Page 316 and Book 907, at Page 394, in the office of the Register of Deeds of Craven County. Save and except any releases, deeds of release or prior conveyances of record. Said property is commonly known as 109 Channel Run Drive, New Bern, NC 28562; tax parcel 8-073-D 141 A cash deposit (no personal checks) of five percent (5%) of the purchase price, or Seven Hundred Fifty Dollars ($750.00), whichever is greater, payable to Bell Carrington Price & Gregg, PLLC, will be required at the time of the sale. Following the expiration of the statutory upset bid period, all the remaining amounts are immediately due and owing. THIRD PARTY PURCHASERS MUST PAY THE EXCISE TAX AND THE RECORDING COSTS FOR THEIR DEED. Said property to be offered pursuant to this Notice of Sale is being offered for sale, transfer and conveyance AS IS WHERE IS. There are no representations of warranty relating to the title or any physical, environmental, health or safety conditions existing in, on, at, or relating to the property being offered for sale. This sale is made subject to any and all superior liens, including taxes and special assessments. To the best of the knowledge and belief of the undersigned, the current owner(s) of the property is/are Michael A. Spencer. An Order for possession of the property may be issued pursuant to N.C. Gen. Stat. 45-21.29, in favor of the purchaser and against the party or parties by the clerk of superior court of the county in which the property is sold. Any person who occupies the property pursuant to a rental agreement entered into or renewed on or after October 1, 2007, may, after receiving the notice of sale, terminate the rental agreement by providing written notice of termination to the landlord, to be effective on a date stated in the notice that is at least 10 days, but no more than 90 days, after the sale date contained in the notice of sale, provided that the mortgagor has not cured the default at the time the tenant provides the notice of termination. The notice shall also state that upon termination of a rental agreement, the tenant is liable for rent due under the rental agreement prorated to the effective date of the termination [N.C. Gen. Stat. 45-21.16(b)(2)]. Upon termination of a rental agreement, the tenant is liable for rent due under the rental agreement prorated to the effective date of the termination. If the trustee is unable to convey title to this property for any reason, the sole remedy of the purchaser is the return of the deposit. Reasons of such inability to convey include, but are not limited to, the filing of a bankruptcy petition prior to the confirmation of the sale and reinstatement of the loan without the knowledge of the trustee. If the validity of the sale is challenged by any party, the trustee, in their sole discretion, if they believe the challenge to have merit, may request the court to declare the sale to be void and return the deposit. The purchaser will have no further remedy. Cape Fear Trustee Services, LLC, Substitute Trustee, Attorney Aaron Seagroves, NCSB No. 50979 W. Harris, NCSB No. 48633 5550 77 Center Drive, Suite 100 Charlotte, NC 28217 PHONE: (980)201-3840 August 13, 20, 2019 (adv)

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