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TRUSTEE S SALE OF
571 Keyser Run Road
Washington, Virginia 22747
Pursuant to the terms of a certain Deed of Trust, in the original principal amount of $189,732.75 with an annual interest rate of 8.4997°o made by Svetozar Krasic and Shirley M. Krasic. dated March 26. 1999, and recorded in the Clerk's Office of the Circuit Court of the Rappahannock County. Virginia (the “Clerk's Office"), as Instrument Number 99-601. at Page 1. default having been made in the payment of the note thereby secured, the undersigned Sole Acting Substitute Trustee, pursuant to the request of the holder of the Note thereby secured, will offer for sale at public auction outside of the Rappahannock County Circuit Court Clerk's Office, located at 238 Gay Street, Washington. Virginia on June 12, 2002 at 1:00 PM, the property briefly described as 571 Keyser Run Road, Washington, VA 22747 &nd more particularly described in said Deed of Trust as follows.
» HAMPTON MAGISTERIAL DISTRICT, RAPPAHANNOCK COUNTY, VIRGINIA; DESCRIBED AS TRACT #4. CONTAINING 24.992 ACRES AND SHOWN ON PLAT OF .SURVEY RECORDED IN DEED BOOK 213 AT PAGE 162 OF THE LAND RECORDS OF RAPPAHANNOCK COUNTY VIRGINIA
The above-described property is sold in “AS IS" condition and is subject to such reservations, covenants, conditions, easements, restrictions, liens and encumbrances, if any. superior to the lien of the above-described deed of trust, duly of record and constituting constructive notice.
TERMS OF SALE: Cash A ten percent (10%) bidder's deposit in cash or certified check payable to the Trustee shall be required of the successful bidder at the time of sale before the bidding will be closed; settlement must be made within twenty (20) days from the date of sale or property to be resold at cost of defaulting purchaser. All costs of conveyancing, examination of title, recording charges, etc. will be at cost of purchaser with the exception of grantor's tax. Neither the Substitute Trustee, nor any other party guarantees or covenants to deliver, or in any way to obtain possession of the premises for any third party purchaser.
The Substitute Trustee reserves the right to reject all bids, extend the time to receive bids or withdraw the property from sale Should the Substitute Trustee be unable, for any reason, in its sole discretion, to convey 'marketable title, the successful bidder’s sole remedy in law or equity shall be the return of his deposit. Upon refund of the deposit, the sale shall be void and of no effect.
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