Wayside Avenue, Amelia Court House, VA 23002 - Amelia County

Substitute Trustee Absolute Auction

Lot 3 & 4 Wayside Subdivision in Amelia County, VA

Auction Location: Front Steps of the Circuit Court of Amelia

16441 Court St. Amelia, VA

Gently rolling land with pond frontage and streams. There is a mix of open land, pine stands and hardwoods. Could be used for development and/or home estates and recreation. There is plenty of evidence of deer and turkey on the property. Adjoins the Amelia County Golf and Country Club.

Lot 3: 21.598+/- Acres

Lot 4: 26.586+/- Acres

Preview Date

Agent on Site: Tuesday, March 6 (11am-12pm)

Other inspections welcomed from dawn to dusk at your leisure.

Sales Managers:

Bill Bryant, CAI, AARE

Pete Ramsey

Substitute Trustee: Bryan Selz

In execution of a certain Deed of Trust from Jeffery W. Soden to Thomas

Stark, III, Trustee, dated January 27, 2006, recorded January 27, 2006 in

the Clerk's Office, County of Amelia, Virginia in deed book 274, page 1049

Bryan K. Selz, having been appointed as Substitute Trustee by instrument

duly executed, default having been made in the payment of the indebtedness

secured thereby, and being required so to do by the Noteholder, the

undersigned, in accordance with the provisions of the aforesaid Deed of

Trust and after having given at least fourteen (14) days prior written notice

to the owner of the real estate of the date, time, place and terms of the sale,

will offer for sale to the highest bidder at public auction on Wednesday,

March 14, 2012 at 12:00 noon at the front steps of the building housing

the Circuit Court of the County of Amelia, 16441 Court Street, Amelia,

Virginia 23002, all of the property with any improvements thereon located

in County of Amelia, having a Tax Map Designation of 31-6-3 & 31-6-4,

and being Lot 3 containing 21.598 acres and Lot 4, containing 26.586 acres,

as shown on plat of Amelia County Wayside Subdivision and by Roy

E Easter, L.S., dated February 2, 2000, revised February 3, 2000, February

18, 2000, March 15, 2000 and March 20,2000, recorded in the Amelia

County Circuit Court clerk's office in Plat Cabinet C Slide 61.

Terms of Sale: All cash at settlement. A deposit of $5,000 in cash or

certified check shall be required at time of sale from all bidders except the

holder of the Note secured by the Deed of Trust. The balance shall be paid

at settlement, to be held within thirty (30) days from the date of sale in the

offices of the Substitute Trustee. The substitute Trustee reserves the right

to (i) waive the deposit requirement; (ii) approve the creditworthiness of

any bidder and final purchaser; (iii) withdraw the Property from sale at any

time prior to the termination of the bidding; (iv) keep the bidding open for

any length of time; and (v) reject any and all bids. In the event that the purchaser

fails to go to settlement as required, the aforementioned deposit

shall be forfeited and Property shall be resold at the purchaser's risk and expense.

All closing costs, other than the preparation of the deed and the

grantor's tax, shall be borne by the successful bidder. Real estate taxes shall

be prorated to the date of sale. Any other expenses of the Property shall not

be prorated. The Property shall be conveyed by special warranty deed. All

of the Property shall be sold "AS IS" without representation or warranty of

any kind, and SUBJECT TO conditions, restrictions, rights-of-way, easements,

and reservations, if any contained in the deeds forming chain of title

thereto, and all other matters of record taking priority over the Deed of

Trust, if any. Delivery of possession of the Property will not be performed

by the Substitute Trustee but will be the responsibility of the Purchaser.

The Purchaser will be required to execute a Memorandum of Sale concerning

the purchase of the Property, a copy of which will be available immediately

before announcing the sale.