Details for BUTLER, DOUGLAS

NOTICE OF SALE UNDER POWER ?STATE OF GEORGIA COUNTY OF GWINNETT Under and by virtue of the power of sale contained in that certain Deed to Secure Debt, Security Agreement and Assignment of Rents and Leases, from Douglas Eugene Butler (“Grantor”), to and in favor of U.S. Bank. National Association as Trustee for Velocity Commercial Capital Loan Trust 2016-2 (“Lender”), dated March 15, 2016 and recorded in Deed Book 54177, Page 707, as assigned to Lender by virtue of that certain Assignment of Deed to Secure Debt, Security Deed and Assignment of Leases and Rents, dated April 4, 2017, recorded April 20, 2017, at Deed Book 55063, Page 273, aforesaid Georgia records (the “Security Deed”) securing that certain Semi-Annual Adjustable Term Note, March 15, 2016 in the original principal amount of $100,000.00 (the “Note”); there will be sold at public outcry by Lender as attorney-in-fact of Grantor to the highest bidder for cash between the legal hours for sale before the Courthouse door in Gwinnett County, Georgia, on the first Tuesday in November, 2019, the following described property (the “Premises”) to wit: ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING N LAND LOT 48 OF THE 5TH DISTRICT, GWINNETT COUNTY, GEROGIA, BEING LOT 49, BLOCK B, UNIT ONE, OAKLAND PARK SUBDIVISION, AS PER PLAT RECORDED IN PLAT BOOK 51, PAGE 159, GWINNETT COUNTY RECORDS, WHICH PLAT IS INCORPORATED HEREIN BY REFERENCE THERETO. PARCEL ID# 85048 355 PROPERTY ADDRESS: 2188 WILLOW CREST CIRCLE LAWRENCEVILLE, GA 30044 FURTHER LESS AND EXCEPT that property, if any, released of record. The indebtedness evidenced by the Note is due and payable and remains unpaid. The Security Deed therefore has become and is now foreclosable according to its terms. Accordingly, the Premises will be sold at public outcry pursuant to the terms of the power of sale provided in the Security Deed. The Premises will be sold on an “as is, where is” basis without recourse against Lender and without representation or warranty of any kind or nature whatsoever by Lender with respect thereto. The proceeds of the sale are to be applied first to the expenses of the sale and all proceedings in connection therewith, including attorneys’ fees (notice of intention to collect attorneys’ fees having been given), then to the payment of all sums secured by the Security Deed, and the remainder, if any, will be paid to the person or persons legally entitled thereto, all as provided in the Note and Security Deed. The Premises shall be sold as the property of Grantor, subject to all restrictions, easements and other matters of record that are prior to the Security Deed and to which the Security Deed is subject and to any unpaid city, county and state ad valorem taxes or assessments relating to the Premises. The entity that has full authority to negotiate, amend, and modify all terms of the mortgage with the debtor is: Velocity Commercial Capital, LLC as agent for Lender, Ivan Lopez, 30699 Russell Ranch Road, Ste. 295, Westlake Village, CA 91362; (818) 532-3724. Please understand that the secured creditor is not required by law to negotiate, amend, or modify the terms of the mortgage instrument. To the best knowledge and belief of the undersigned, the party in possession of the Premises is Grantor, Douglas Eugene Butler or a tenant or tenants and said property is more commonly known as 2188 Willow Crest Circle, Lawrenceville, Georgia 30044. U.S. Bank, National Association as Trustee for Velocity Commercial Capital Loan Trust 2016-2 as Attorney-in-Fact for Douglas Eugene Butler Lisa A. Frank McCalla Raymer Leibert, Pierce, LLC 1544 Old Alabama Road Roswell, Georgia 30076 (678) 281-6503 ?????

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