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Knoxville Classifieds > Legal Notices > Legal Notices

Place A Notice online or call 865-693-5739. Knoxville Daily Sun is a paper of record.

 

Published October 13, 2017 through November 3, 2017


NOTICE
TRUSTEE'S SALE OF REAL ESTATE

WHEREAS, on the 7th day of April, 2003, by Deed of Trust recorded in the Register's Office at Knox County, Tennessee, in Instrument #200305020099986, REGAL PETROLEUM COMPANY, INC. A Tennessee Corporation AND SCOTT A. SMITH aka Scott Smith AND STEPHEN C. SMITH aka Stephen Smith AND CHARLES O. SMITH aka Charles Smith, conveyed to DAVID REYNOLDS, TRUSTEE, the herein described real estate, to secure the payment of the following indebtedness: one note of even date by REGAL PETROLEUM COMPANY, INC. A Tennessee Corporation AND SCOTT A. SMITH aka Scott Smith AND STEPHEN C. SMITH aka Stephen Smith AND CHARLES O. SMITH aka Charles Smith, payable to PEOPLES BANK OF THE SOUTH, (formerly PEOPLES NATIONAL BANK), in the original amount of $244,148.94; and
WHEREAS, on the 27th day of October, 2005, by Deed of Trust recorded in the Register's Office at Knox County, Tennessee, in Instrument #200511010039509, REGAL PETROLEUM COMPANY, INC., conveyed to JOHN T. REYNOLDS, TRUSTEE, the herein described real estate, to secure the payment of the following indebtedness: one note of even date by REGAL PETROLEUM COMPANY, INC., payable to PEOPLES BANK OF THE SOUTH, (formerly PEOPLES NATIONAL BANK), in the original amount of $50,432.70; and
WHEREAS, on the 4th day of May, 2006, by Deed of Trust recorded in the Register's Office at Knox County, Tennessee, in Instrument #200605080093532, REGAL PETROLEUM COMPANY, INC. AND SCOTT A. SMITH AND STEPHEN C. SMITH AND CHARLES SMITH, conveyed to DAVID REYNOLDS, TRUSTEE, the herein described real estate, to secure the payment of the following indebtedness: one note of even date by REGAL PETROLEUM COMPANY, INC. A Tennessee Corporation AND SCOTT A. SMITH AND STEPHEN C. SMITH AND CHARLES O. SMITH, payable to PEOPLES BANK OF THE SOUTH, (formerly PEOPLES NATIONAL BANK), in the original amount of $100,530.31; and

WHEREAS, default has been made in the payment of said indebtednesses and other provisions of the Trust Deeds have been violated, and Peoples Bank of the South (formerly Peoples National Bank) the holder of said indebtedness has declared the entire amount due and payable as provided in said deed of trust, and the Trustee has been directed to foreclose the deed of trust. In accordance with the terms thereof, the public is hereby notified that the undersigned Trustee will sell the hereinafter described real estate at public auction, to the highest and best bidder, for cash in hand in front of the Courthouse door in Knox County, Tennessee, at the hour of 11:00 o'clock a.m., on the 16th day of November, 2017, said property to be sold in bar of the right and equity of redemption and all other rights and exemptions, and subject to the following conditions: unpaid property taxes and other prior encumbrances of record. SITUATED in District Four of Knox County, Tennessee, within the 22nd Ward of the City of Knoxville, Tennessee, being all of Block 31, in the S.B. Crawford Addition to Knoxville, Tennessee, as shown on the map of same of record in Map Book 6, page 94, in the Register’s Office for Knox County, Tennessee, and being fully described as follows:

BEGINNING at an iron pin marking the point of intersection of the east line of Proctor Street with the north line of Westview Avenue; running thence along the east line of Proctor Street, the following calls and distance: North 4 deg. 26 min. West, 99.45 feet; North 3 deg. 45 min. West, 76.7 feet; North 1 deg. 40 min. West, 85.9 feet; North 7 deg. 31 min. East, 51.3 feet and North 37 deg. East, 30 feet east to an iron pin at the point of intersection of the east line of Proctor Street with the boundary line of Crawford’s Addition; running thence along the boundary line with the north line of Westview Avenue; thence running South 65 deg. 05 min. West, along the north line of Westview Avenue, 311.07 feet to the place of BEGINNING, as shown by survey of McDonald and McDonald, Engineers, Knoxville, Tennessee, dated October 4, 1945.

For further reference, see Instrument No. 200305020099894 in the Register’s Office for Knox County, Tennessee.


The commonly known street address for the subject property is believed to be: Knox County Block 31S B. Crawford Addition to Knoxville (commercial Bldg) at 1206 Proctor Street, Knoxville, Tn.

To the best of the Trustee's knowledge, information and belief, there are no tax lien claimants upon the subject property which would require notice pursuant to Tenn. Code Ann. §§ 35-5-104 and 67-1-1433 (b)(1) and 26 U.S.C. § 7425. Except Tax Lien in favor of IRS Director of Compliance
Attn: Tech-Support Internal Revenue Service U.S. Courthouse, Room 285 801 Broadway, MDP 53 Nashville, TN 37203


To the best of the Trustee’s knowledge, persons who have interests in the subject property, other than the borrower and who are entitle to notice are: 1.Judgment lien in favor of Federated Mutual Insurance Co. P.O. Box 328, 1221 E. park Square, Owatonna, Mn. 55060-0328.

Pursuant to the above described Deeds of Trust, the Trustee may sell the property by lots or as a whole, whichever generates the highest overall bid. The proceeds from the sale of the above-described property shall be applied in accordance with the provisions of the above-described Deed of Trust. Should the highest and best bidder fail to comply with the terms of the sale, then the Trustee shall have the option of accepting the second highest bid, or the next highest bid, which the buyer is able to comply. The Trustee shall also have the right to adjourn the sale to another date certain without further publication but upon announcement before or during the sale.

This is an attempt to collect a debt and any information obtained will be used for that purpose.

This the 5th day of October, 2017.



/s/ David Reynolds___________
DAVID REYNOLDS, TRUSTEE


Published October 5 through October 15, 2017

Abandoned vehicle: 2004 Ford Explorer, color White, Vin number 1FMZU73K64UA85244. This vehicle has been on the property at 1744 W Emory Rd Powell, TN 37849 with a due bill. If bill is not paid in full by Oct. 20, 2017 a mechanics lien will be taken on this vehicle and will be sold.


     
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