Details for Cabarrus


NOTICE OF FORECLOSURE SALE 21 SP 270 Under and by virtue of the authority contained in a certain Deed of Trust dated March 6, 2006, securing a Note and indebtedness of $125,000.00, which was executed by Gary Paris Kidd, and which is recorded in Book 6617, at Page 179, Cabarrus County Registry, the undersigned having been appointed Substitute Trustee by instrument recorded in said Registry, default having occurred in the payment of the Note secured by said Deed of Trust, and at the request of the holder of said Note, the undersigned Substitute Trustee, in accordance with the provisions of said Deed of Trust, will offer for sale at the usual place of sale at the Cabarrus County Courthouse to the highest bidder for cash at 3:30 o'clock p.m. on the 21st day of October, 2021, in Concord, Cabarrus County, North Carolina, all of the debtor's right, title and interest in the real property known as 1950 Sossoman Springs Road, Midland, NC, 28107, which is more particularly described as follows: EXHIBIT "A" BEING all that property described in deed of trust recorded in Book 6617, Page 179 of the Cabarrus County Registry, to which instrument reference is hereby made for a more complete description of said property. BEING in Number Ten (10) Township on the South side of Sossomon Springs Road, containing 1.757 acres, more or less. As surveyed and platted by Billy B. Long, Jr., P.L.S., March 2, 2004, June 30, 2004, December 9, 2004 and July 12, 2005; Subject to the Right of Way for Sossomon Springs Road. AND BEING subject to an Easement as described in the deed of trust cited herein. Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property"). The record owner(s) of said property as of a date not more than ten (10) days prior to the posting of this notice is/are: Gary Paris Kidd (deceased), Eugene B. Kidd, Jr., Karthryn Payton aka Eve Peyton, Deborah M. Holloway, Kelly Dosher, Lineal descendants of Stewart Mauldin and any unknown heirs of Gary Paris Kidd. Trustee, or Trustee's agent conducting the sale, may begin the sale up to one hour after the time fixed herein as provided in NCGS 45-21.23. An order for possession of the property may be issued pursuant to NCGS §45-21.29 in favor of the purchaser and against the party or parties in possession by the clerk of superior court of the county in which the property is sold. Any tenant who resides in residential real property containing less than 15 rental units that is being sold in a foreclosure proceeding under Article 2A of Chapter 45 of the General Statutes may terminate the rental agreement for the dwelling unit after receiving notice pursuant to G.S. 45-21.17(4) by providing the landlord with a written notice of termination to be effective on a date stated in the notice of termination that is at least 10 days, but no more than 90 days, after the sale date contained in the notice of sale, provided that the mortgagor has not cured the default at the time the tenant provides the notice of termination. Upon termination of a rental agreement under this section, the tenant is liable for the rent due under the rental agreement prorated to the effective date of the termination payable at the time that would have been required by the terms of the rental agreement. The tenant is not liable for any other rent or damages due only to the early termination of the tenancy. If you are a tenant and have any questions about your legal rights, please consult an attorney. Although not required by statute, any and all bidders and purchasers at sale should understand that the property described in the subject foreclosure proceeding may or may not contain a structure of any kind. The Substitute Trustee in this matter makes no representation or warranty as to the type or existence of a structure situated on the subject property or whether or not said structure has been affixed in any way. Likewise, Substitute Trustee makes no warranties or representations of any kind as to whether title to the mobile/manufactured home(s) on the subject property, if any, has been properly cancelled or whether there are any outstanding liens thereon. Said property will be sold subject to taxes, including all transfer taxes associated with the foreclosure, assessments, and any superior easements, rights of way, restrictions of record, liens, or other encumbrances prior to the lien of the deed of trust being foreclosed, said sale to remain open for increased bids for ten (10) days after report thereof to the Clerk of Superior Court. In the event the debtor files a bankruptcy petition prior to the expiration of the 10-day period required by G.S. 45-21.27, an automatic stay of the foreclosure will be imposed in accordance with the Bankruptcy Code (11 U.S.C. §362) and the bidder must pursue relief through the bankruptcy court. The Substitute Trustee may require the high bidder to deposit cash at the sale in an amount equal to the greater of five percent (5%) of the amount of the bid or $750.00. If no upset bid is filed, the balance of the purchase price, less deposit, must be made in cash upon tender of the deed. Third party purchasers at sale must pay the tax of Forty-Five Cents ($0.45) per One Hundred Dollars ($100.00) as required by NCGS 7A-308(a)(1). Alan B. Powell Substitute Trustee P.O. Box 1550 High Point, NC 27261 (336) 889-8733 Publish: October 10, 17, 2021.