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The property described herein is known as tax parcel number 20A-1, Lots 15,16,17 and 21.
This sale is also subject to the covenants, conditions, restrictions, rights-of-way, easements, rights, by-laws and regulations, if any. contained in the deeds forming the chain of title to the above property. This sale is further subject to mechanic's and materialmen's liens of record and not of record and to prior mortgages, deeds of trust and other encumbrances of record.
Information as to the status of record title and the improvements on the above described real property and all documents available to the Trustee may be examined by prospective purchasers at the offices of the Trustee on Monday through Friday, inclusive, or each day (exclusive of legal holidays) between 2:00 P.M. and 4:00 P.M.
A deposit of ten percent of the successful bid (cash or certified or cashier’s check) will be required of the successful bidder at the time of sale with the balance due at settlement, which shall be held on or before ten (10) days from the date of sale. Time shall be of the essence with respect to settlement. The deposit shall be applied to the credit of the successful bidder at settlement; or in the event of the failure to complete settlement, within ten (10) days after the date of the sale, in accordance with the terms of sale, the deposit shall be forfeited and applied to the costs of sale, including Trustee's fees, and the property shall be resold at the cost and expense of the defaulting purchaser. The balance of the purchase price shall be in cash or its equivalent at the time of settlement. The subject property and any improvements thereon shall be sold in ‘as is' condition without warranties of any kind. Real estate taxes shall be adjusted as of the date of sale. The conveyance shall be by Special Warranty and the Grantor's tax and cost of preparing the deed shall be the expense of Seller Examination of title, other recording charges, notary fees, settlement fees will be at the cost of the purchaser
The Trustee reserves the right: (i) to waive the deposit requirement; (ii) to extend the period of time within which the purchaser is to make full settlement; (iii) to withdraw the property from sale at any time prior to the termination of the bidding; (iv) to keep the bidding open for any length of time; (v) to reject all brds; (vi) to postpone or set over the date of sale; and (vfi) to determine the order of sale at the time of sale. In the event the Trustee deems it best for any reason at the time of sale to postpone or continue this sale from time to time, such notices of postponement or setting over will be in a manner deemed reasonable by the Trustee.
Written notice of this Trustee's sale, as required by Title 55, Section 59.1 of the 1950 Code of Virginia, as amended, has been given to Stuart Properties, a Virginia Partnership, to F. Bruce Corneal, Jr., General Partner, to Comeal Development Company, Inc., General Partner, and F. Bruce Corneal, Jr., individually, by certified mail at the last known addresses as they appear in the records of the Noteholder.
To inspect the property prospective purchasers may contact the undersigned Trustee or Mary L Payne as hereinafter set forth.
JAMES W. FLETCHER. TRUSTEE For Information Contact: James W. Fletcher P O Box 298 Sperryville. Virginia 22740 (703)987-8511 or Mary L. Payne The Rappahannock National Bank P.O.Box 179 Washington. Virginia 22747 (703)675-3519
Bill Payne, Auctioneer
Registration #914
69.5%