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TRUSTEE’S SALE OF 1503 LAYMANTOWN ROAD, TROUTVILLE, VA 24175.

Virginia Media by Virginia Media
December 17, 2020
in Legals
0

In execution of a certain Deed of Trust dated September 13, 2010, in the original principal amount of $645,000.00 recorded in the Clerk’s Office, Circuit Court for Botetourt County, Virginia as Instrument No. 110003479. The undersigned Substitute Trustee will offer for sale at public auction in the front of the Circuit Court building for Botetourt County, Main Street, Fincastle, VA 24090 on March 17, 2021, at 11:30 AM, the property described in said Deed of Trust, located at the above address, and more particularly described as follows: ALL THAT CERTAIN TRACT OR PARCEL OF LAND SITUATE IN BOTETOURT COUNTY, VIRGINIA, TOGETHER WITH APPURTENANCES THEREUNTO BELONGING AND IMPROVEMENTS THEREON DESCRIBED AS FOLLOWS, TO-WIT: BEGINNING AT A POINT ON VIRGINIA SECONDARY ROUTE NO. 658 WHICH POINT IS CORNER TO THE 3.00 ACRE TRACT OF VIRGINIA M. KING, SAID POINT ALSO BEING THE CENTER OF AN EXISTING 50 ROADWAY SHOWN ON THERE HEREINAFTER MENTIONED PLAT OF SURVEY; WITH THE CENTERLINE N. 85 DEGREES 12` W. 436 FEET TO A POINT ON THE 2.107 ACRE PARCEL TO BE CONVEYED TO GEORGE RUSSELL KING, SR. AND BARBARA HODGES KING; THENCE N. 0 DEGREES 19` E. 5.00 FEET TO AN IRON PIN SET; THENCE N. 85 DEGREES 12` W. 290.00 FEET TO AN IRON PIN SET; THENCE S. 4 DEGREES 48` E. 303.97 FEET TO AN IRON PIN SET; THENCE N. 85 DEGREES 12` W. 315.47 FEET TO A POINT; THENCE N. 15 DEGREES 50` W. 104.20 FEET TO A POINT; THENCE N. 40 DEGREES 26` E. 84.90 FEET TO A POINT, THENCE N. 26 DEGREES 53` E. 116.25 FEET TO A POINT; THENCE WITH THE CENTERLINE OF WELCH`S RUN N. 8 DEGREES 25` E. 131.43 FEET TO A POINT; THENCE N. 19 DEGREES 16` E. 162.39 FEET TO A POINT; THENCE N. 17 DEGREES 56` E. 149.80 FEET TO A POINT; THENCE S. 67 DEGREES 22` E. 41.38 FEET TO A POINT, THENCE N. 88 DEGREES 34` E. 78.23 FEET TO A POINT; THENCE S. 76 DEGREES 53` E. 286.35 FEET TO A POINT; THENCE N. 84 DEGREES 53` E. 401.64 FEET TO AN IRON PIN FOUND ON STATE SECONDARY ROUTE NO. 658; THENCE WITH SAID STATE ROUTE 658 S. 11 DEGREES 36` E. 155.95 FEET TO A POINT; THENCE CONTINUING WITH SAID STATE ROUTE 658; S. 6 DEGREES 30` 23″ E. 216.44 FEET TO A POINT; THENCE CONTINUING WITH SAID STATE ROUTE 658, S. 9 DEGREES 50` E. 73.23 FEET TO THE POINT OF BEGINNING, AND CONTAINING 10.269 ACRES, MORE OR LESS, AS SHOWN ON A PLAT OF SURVEY MADE BY C.E. LACY, JR., CLS, DATED NOVEMBER 19, 1983. LESS, HOWEVER, THAT CERTAIN 1.354 ACRE PARCEL CONVEYED TO DENNIS FREDERICK KING AND BERNICE CUNDIFF KING, HUSBAND AND WIFE, BY DEED DATED DECEMBER 21, 1989 AND RECORDED IN THE AFORESAID CLERK`S IN DEED BOOK 368, AT PAGE 933. BEING THE SAME PROPERTY CONVEYED TO THE BORROWER BY DEED DATED MAY 5, 2010 AND RECORDED IN THE CLERK`S OFFICE OF THE CIRCUIT COURT OF BOTETOURT COUNTY, VIRGINIA AT INSTRUMENT NO. 100001599.  TERMS OF SALE: ALL CASH. A bidder’s deposit of ten percent (10%) of the sale price or ten percent (10%) of the original principal balance of the subject Deed of Trust, whichever is lower, in the form of cash or certified funds payable to the Substitute Trustee must be present at the time of the sale. The balance of the purchase price will be due within fifteen (15) days of sale, otherwise Purchaser’s deposit may be forfeited to Trustee. Time is of the essence.  If the sale is set aside for any reason, the Purchaser at the sale shall be entitled to a return of the deposit paid. The Purchaser may, if provided by the terms of the Trustee’s Memorandum of Foreclosure Sale, be entitled to a $50 cancellation fee from the Substitute Trustee, but shall have no further recourse against the Mortgagor, the Mortgagee or the Mortgagee’s attorney. A form copy of the Trustee’s memorandum of foreclosure sale and contract to purchase real property is available for viewing at www.bwwsales.com. BIDDERS ARE STRONGLY ENCOURAGED TO FOLLOW CDC GUIDANCE AND WEAR A COVER OVER BOTH NOSE AND MOUTH AND PRACTICE SOCIAL DISTANCING AT THE AUCTION. Additional terms, if any, to be announced at the sale and the Purchaser may be given the option to execute the contract of sale electronically.  This is a communication from a debt collector and any information obtained will be used for that purpose. The sale is subject to seller confirmation. Substitute Trustee: Equity Trustees, LLC, 8100 Three Chopt Road, Suite 240, Richmond, VA 23229. For more information contact:

BWW Law Group, LLC, attorneys for Equity Trustees, LLC, 6003 Executive Blvd, Suite 101, Rockville, MD 20852,

301-961-6555, website: www.bwwsales.com.

VA-348550-1.

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