NOTICE OF TRUSTEE’S SALE OF
1362 Shepherds Mill Road, Berryville, Virginia 22611
In execution of a deed of trust dated May 11, 2018, recorded in the Clerk’s Office of the Circuit Court of Clarke County, Virginia
in Deed Book 628, at Page 486, as modified by a modification of deed of trust recorded in Deed Book 635, at Page 622, among
the aforesaid land records, securing a loan which was originally $363,000.00, the undersigned Trustee will offer for sale at public auction at the main entrance of the Clarke County Circuit Court at 102 N. Church Street, Berryville, Virginia 22611, on March 27, 2020 at 12:00 PM, the property described in said deed of trust, located at the above address, and more particularly described as follows:
Being all of Parcel 16-A-13 containing 3.699 acres as the same is designated and described on a plat made by Roberts Land Surveying dated March 25, 2015 and revised April 14, 2015 entitled “Boundary Adjustment Survey Parcel 16-A-7, 16-A-13 & 16-1-6 of the Property of LSM Management, Inc.” which is recorded in the Office of the Clerk of the Circuit Court of Clarke County, Virginia in Deed Book 588 at Page 729, TOGETHER WITH a 30’ right of way over the lands of Hart from Shepherds Mill Road to the property herein described for access of all kinds as shown on a plat attached to a deed of easement by Richard Hart to LSM Management LLC dated January 30, 2017 and recorded in the aforesaid Clerk’s Office in Deed Book 613 at Page 689.
TERMS OF SALE: The property will be sold “AS IS,” WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND, AND SUBJECT TO conditions, restrictions, reservations, easements, rights of way, and all other matters of record taking priority over the deed of trust to be announced at the time of sale. A deposit of 10% of the sale price or 10% of the original principal balance of the subject deed of trust, whichever is lower, in cash or cashier’s check payable to the Trustee will be required at the time of sale. The balance of the purchase price will be due within thirty (30) days of sale. Time is of the essence as to the closing date and the payment of the purchase price. If payment of the balance does not occur within thirty (30) of the sale date, the deposit will be forfeited. All other public charges or assessments, including water/sewer charges, whether incurred prior to or after the sale, and all other costs incident to settlement to be paid by the purchaser. In the event taxes, any other public charges have been advanced, a credit will be due to the seller, to be adjusted from the date of sale at the time of settlement. Sale is subject to post sale confirmation that the borrower did not file for protection under the U.S. Bankruptcy Code prior to the sale, as well as post-sale confirmation and audit of the status of the loan with the loan servicer including but not limited to, determination
of whether the borrower entered into any repayment agreement, reinstated or paid off the loan prior to sale. In any such event, the sale shall be null and void and the purchaser’s sole remedy, in law or equity, shall be the return of purchaser’s deposit without interest.
Additional terms will be announced at the time of sale and the successful bidder will be required to execute and deliver to the Trustee a memorandum or contract of the sale at the conclusion of bidding.
FOR INFORMATION CONTACT:
Forrest E. White, Esq.
4 Loudoun Street, SE
Leesburg, Virginia 20175