SUBSTITUTE TRUSTEE'S NOTICE OF SALE WHEREAS, WILLIAM GARY STEAKLEY executed a Promissory Note payable to SOUTHEAST BANK dated December 15, 2008, in the original principal amount of Three Hundred Ninety-Two Thousand One Hundred Ninety-Eight Dollars and Eighty-Seven Cents ($392,198.87), which was modified, (referred to herein as the "Note") which Note and modifications are more fully described in and secured by a Deed of Trust executed by WILLIAM GARY STEAKLEY, as Managing Partner of STEAKLEY FAMILY PARTNERSHIP, dated December 15, 2008 and of record in Book 1307, Page 698 on December 22, 2008, as modified at Book 1418, Page 959 on October 10, 2013, and a Deed of Trust executed by WILLIAM GARY STEAKLEY and ERIC W. STEAKLEY dated December 15, 2008 and of record in Book 1307, Page 698 on December 22, 2008, as modified at Book 1418, Page 963 on October 10, 2013, all of record in the Register's Office for Cumberland County, Tennessee (Tract 1) and recorded in Book RB501, Page 163 on December 18, 2008, as modified at Book RB814, Page 13, on April 22, 2014, in the Register's Office for Putnam County, Tennessee (Tract 2) and a Deed of Trust from William Gary Steakley and Eric W. Steakley of record in Book RB501, Page 155 on December 18, 2008, as modified at Book RB814, Page 17 on April 22, 2014, in the Register s Office for Putnam County, Tennessee, to which reference is here made (the "Deed of Trust"); and WHEREAS, Wilson S. Ritchie, Rachel K. Powell and Jewell Tindell, residents of Knox County, Tennessee, have been appointed Substitute Trustees of the Deed of Trust by Appointment of Substitute Trustee dated December 14, 2016 of record in Book 1491, Page 2380 and Book 1492, Page 282 both in the Register's Office for Cumberland County, Tennessee and Record Book 971, Page 469, and Book 971, Page 471 both in the Register's Office for Putnam County, Tennessee; and WHEREAS, default in the payment of the Notes and Deeds of Trust have occurred and proper notification of the parties of said default has previously occurred; and WHEREAS, SOUTHEAST BANK, the owner and holder of said Notes and Deeds of Trust, has demanded the real property described in the Deeds of Trust be advertised and sold in satisfaction of said debt. The real property as described in the Deeds of Trust will be advertised and sold in satisfaction of said debt and any costs legally accruing in accordance with the terms and provisions of the Note and Deeds of Trust. NOW, THEREFORE, notice is hereby given that I, WILSON S. RITCHIE, RACHEL K. POWELL or JEWELL TINDELL, as Substitute Trustee, or our agent, pursuant to the power, duty and authority vested in and imposed upon us in said Deed of Trust, will on February 6, 2017, at 10:05 A.M., prevailing time, at the Front Door of the Putnam County Courthouse, 300 East Spring Street, Cookeville, Tennessee 38501 sell Tracts 2 and 3 AND on February 6, 2017 at 11:30 A.M., prevailing time, at the Front Door of the Cumberland County Courthouse, 2 North Main Street, Crossville, Tennessee 38555 I will sell Tract 1, both of which are where foreclosures are customarily conducted, offer for sale to the highest and best bidder for cash and in bar of the right and equity redemption, whether statutory or common law, the right of redemption granted by Tennessee Code Annotated Section 66-8-101 (as amended or renumbered), homestead, dower, marital share, and all other rights and exemptions of every kind, all of which have been expressly waived by grantors as provided in said Deed of Trust, certain real property more particularly described as follows: Tract 1 Being a tract or parcel of land lying and being located in the Third Civil District of Cumberland County, Tennessee, described as follows: BEING Lot No. 40, Section No. South Lake 3 of Lake Tansi Village, Inc. of record at Plat Book 1, Page 194, Register's Office, Cumberland County, Tennessee. The previous and last conveyance being a Warranty Deed from James H. Robinson, et ux, to Steakley Family Partnership of record in Warranty Deed Book D512, Page 221, Register s Office of Cumberland County, Tennessee. Tract 2 Being a tract or parcel of land lying and being located in the First Civil District of Putnam County, Tennessee, described as follows: Being Lot No. 62 of the Springdale Subdivision, a plat of which is of record in the Register s Office of Putnam County, Tennessee in Plat Book 1, Page 1, to which reference is here made for a more perfect description. The previous and last conveyance being a Warranty Deed from William G. Steakley, et ux, to Steakley Family Partnership, of record in Warranty Deed Book 371, Page 751, Register s Office of Putnam County, Tennessee. Tract 3. Being a tract or parcel of land lying and being located in the Fifteenth Civil District of Putnam County, Tennessee, described as follows: Being Lot No. 37, Dry Creek Meadows Subdivision, a plat of which is of record in the Register's Office for Putnam County, Tennessee, in Plat Book 1, page 78, and being more particularly described as follows: Beginning at a 3/4" iron pipe in the northern margin of Dry Creek Road, said pipe being the Southeast corner of Lot No. 36 and the Southwest corner of the lot herein described; thence leaving Dry Creek Road and along the Eastern line of Lot No. 36, N 00 degrees, 16' E a distance of 434.4 feet to a 3/4" iron pipe; thence along the Southern line of Lot No. 27, S 83 deg. 16 E a distance of 203.9 feet to a 3/4" pipe; thence along the Western line of Not No. 38 and 39, S 29 deg. 41' E a distance of 475.3 feet to a point in the Northern margin of Dry Creek Road; thence along Dry Creek Road N 89 deg. 41' W a distance of 439.9 feet to the point of beginning. The previous and last conveyance being a Warranty Deed from Charles MacKenzie, et ux, to William Gary Steakley, et al, of record in RB501, Page 152, Register's Office of Putnam County, Tennessee. Best known addresses are: 9541 Cherokee Trail Crossville, TN CLT# 149MC-009 1709 Dry Creek Road Cookeville, TN CLT# 054MC-018 1416 Shadow Lane Cookeville, TN CLT#009-005 CLT# 008-034.04 In the event of a discrepancy between the property address and the property description, the property description shall control. The right is reserved to adjourn the day of sale to another day and time certain, without further publication and in accordance with the law, upon announcement of said adjournment on the day and time and place of sale set forth above. This sale is subject to all matters shown on any applicable recorded plan or plat; any unpaid taxes that exist as a lien against the property; any restrictive covenants, easements or setback lines that may be applicable; any matters of record not terminated by the foreclosure; any statutory rights of redemption not otherwise waived in the Deed of Trust, including rights of redemption of any governmental agency, state or federal; and any prior liens or encumbrances that may exist against the property. This sale is also subject to any matter that an accurate survey of the premises might disclose. Proceeds of this sale will first be applied to the discharge of the costs and charges of executing this Trust, including attorney's fees; next to all indebtedness secured by the Deed of Trust; and next the balance, if any, shall be paid to those legally entitled thereto. The Beneficiary may bid on said property and the Successor Trustee reserves the right to conduct the sale by or through his/her agents or attorneys acting in his/her place or stead. OTHER INTERESTED PARTIES: Cumberland County Trustee Courthouse Annex 2 S Main Street Room 111 Crossville, TN 38555-4542 Putnam County Trustee Putnam County Courthouse 300 E. Spring Street, Room 1 Cookeville, TN 38501-3350 Dated this the 4th day January, 2017. Wilson S. Ritchie, Rachel K. Powell and Jewell Tindell, Substitute Trustees RITCHIE&POWELL, P.C. Suite 200 606 West Main Street Knoxville, TN 37902 (865) 524-5353 Publish Dates: January 11, 2017, January 18, 2017 and January 25, 2017.
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