Default having been made in the payment of the debts and obligations secured to be paid in a certain Deed of Trust, executed the 27th day of August, 2018, by Tipton Investment properties, LLC, to Sherrell Armstrong, as Trustee as the same appears of record in the Office of the Register of Tipton County, Tennessee, at Record Book 1771, Page 471; Mitch Higdon having been appointed Substitute Trustee by Appointment of Substitute Trustee dated July 17, 2020, and being of record in the Register’s Office of Tipton County, Tennessee.
WHEREAS, the United States Department of the Treasury – Internal Revenue Service has recorded with the Register’s Office of Tipton County, Tennessee a Notice of Federal Tax Lien, said lien being of record at Lien Book 21, Page 94. Pursuant to 26 U.S.C. § 7425(b) notice has been timely given to the Department of the Treasury – Internal Revenue Service. This sale will be subject to the right of the Department of the Treasury – Internal Revenue Service to redeem the land as provided in 26 U.S.C. § 7425(d)(1).
Whereas, First Citizens National Bank the owners of the debt secured by said Deed of Trust, having requested the undersigned to advertise and sell the property described in and conveyed by said Deed of Trust, all of said indebtedness having matured by a default in the payment of the debt and obligations secured, at the option of the Owner, after being authorized to proceed with a sale under the aforesaid Deed of Trust in the event of a default there under, this is to give notice that the undersigned will on Friday, the 21st day of August, 2020, commencing at 12:15 p.m. noon, at the front door of the Courthouse in Covington, Tipton County, Tennessee, proceed to sell at public outcry to the highest and best bidder for cash, the following described property situated in Tipton County, Tennessee, to wit:
Lot 7, Richardson Lakes Subdivision, as shown on plat of record in Plat Cabinet H, Page 613 in the Register’s Office of Tipton County, Tennessee, to which plat reference is hereby made for a more particular description of said lot.
This conveyance is subject to subdivision restrictions in Book 1412, Page 510, building lines and easements in Plat Cabinet H, Slide 613, and Slide 1136 in the Register’s Office of Tipton County, Tennessee.
This being the same property conveyed to Tipton Investment Properties, LLC, by Special Warranty Deed of record at Record Book 1771, Page 469 in the Register’s Office of Tipton County, Tennessee.
Property Address: 172 Richardson Lake Drive, Drummonds, Tennessee 38023
Property Owner: Tipton Investment Properties, LLC
The sale of the above described property shall be subject to unpaid property taxes, assessments, subdivision restrictions, building lines, easements and all other prior liens and encumbrances of record superior in right to Deed of Trust; In addition to, the following parties may claim an interest in the above referenced property: 1.) Current Tenant, 172 Richardson Lake Drive, Drummonds, TN 38023; 2.) IRS, Area Director, Technical Services, 801 Broadway MDP53, Nashville, TN 37203; 3.) OCG Acquisitions, GP, c/o Griffin Clift Everton & Maschmeyer, PLLC, 6489 Quail Hollow, Suite 100, Memphis, TN 38120.
All rights and equities of redemption, statutory right of redemption, homestead and dower and all other rights or exemptions of every kind are expressly waived and title is believed to be good, but the undersigned will only sell and convey only as Substitute Trustee. The sale held pursuant to this notice may be rescinded at the Substitute Trustee’s option at any time. The right is reserved to adjourn the day of the sale to another day certain without further publication, upon announcement of the time and place for the sale set forth herein.
WITNESS MY HAND, this the 20th day of July, 2020.
Mitch Higdon Substitute Trustee
Minor Johnston Douglas, PLLC
Attorneys for Substitute Trustee
124 East Market Street
Somerville, TN 38068