NOTICE OF POWER OF SALE CONTAINED IN
COMMERCIAL DEED TO SECURE DEBT AND SECRITY AGREEMENT
STATE OF GEORGIA
COUNTY OF RICHMOND
Under and by virtue of the power of sale contained in that certain Commercial Deed to Secure Debt and Security Agreement dated August 15, 2018 executed by TROYCO & ASSOCIATES INC. (“Borrower”) and recorded in Book 1642, Page 2018, Richmond County, Georgia Records (the “Security Deed”) in favor of PINNACLE BANK (“Lender”), the undersigned, as Attorney-in-Fact for Borrower, will sell at public outcry to the highest and best bidder for cash, between the legal hours of sale before the Courthouse door of Richmond County, Georgia, on the first Tuesday in October, 2025 (October 7, 2025), the following described property, to wit (the “Property”):
All those lots, tracts or parcels of land, with all improvements thereon, situate, lying and being in the State of Georgia, County of Richmond, being shown and designated as PARCEL “A” containing 24,821 sq. ft., 0.56 acres, more or less; PARCEL “B” containing 26,373 sq. ft., 0.60 acres, more or less; and PARCEL “C” containing 3,093 sq. ft., 0.07 acres, more or less, on a plat prepared by George L. Godman & Associates, dated May 29, 1995, revised June 6, 1995, recorded in the Office of the Clerk of the Superior Court of Richmond County, Georgia on Realty Reel 500, page 419; reference being hereby made to said plat for a more complete and accurate description as to the metes, courses, bounds, distances, dimensions and location of said property.
Richmond County Tax Map and Parcel Numbers: 098-2-108-01-0 and 098-2-108-00-0.
The aforedescribed property has an address of 2440 Peach Orchard Road and 2477 Miles Avenue, Augusta, Georgia 30906.
The Security Deed was given to secure that certain U.S. Small Business Administration Note dated August 15, 2018 in the original principal amount of FIVE HUNDRED THIRTY-FOUR THOUSAND AND 00/100 DOLLARS ($534,000.00) made by Borrower to the order of Lender (the “Note”), with interest thereon as provided in the Note until paid.
On account of defaults in the terms of the Note, the Security Deed and other loan documents, including Borrower’s failure to make payments as required by the terms of the Note as and when due, Lender, the present holder of said Security Deed and the Note, has declared the entire unpaid principal balance of all obligations secured by said Security Deed, including interest to date of sale, to be due and payable immediately.
The debt remaining in default and unpaid, this sale will be for the purpose of satisfying the principal and interest due, amounts, if any, expended by Lender to protect its interest in the Property, and all expenses of this sale, including, without limitation, attorneys’ fees.
The Property will be sold subject to outstanding ad valorem taxes and/or assessments, and superior easements, restrictions and rights-of-way and other superior matters of record, if any. The undersigned will execute a deed to the purchaser at the sale as provided in the aforesaid Security Deed.
To the best knowledge and belief of Lender, the equitable title to the Property is vested in Borrower.
PINNACLE BANK, as
Attorney-in-Fact for TroyCo & Associates Inc.
Kimberly S. Justus, Esq.
Womble Bond Dickinson (US) LLP
Attorneys at Law
1331 Spring Street, NW, Suite 1400
Atlanta, Georgia 30309
(404) 879-2493