SUCCESSOR TRUSTEE'S NOTICE OF SALE
MOUNTAIN COMMERCE BANK, ("Noteholder"), is the true and lawful owner and holder of a certain promissory note (the "Note") in the original principal amount of $350,000.00 dated February 4, 2021, made, executed and issued by STACY BRIAN GILLISPIE ("Debtor"). Payment of the Note by Debtor is secured by conveyance of a Deed of Trust (the "Deed of Trust") encumbering certain real property described therein (the "Trust Premises") of record at Book 5714, Page 555 in the Register's Office for Sevier County, Tennessee, to which Deed of Trust specific reference is hereby made for incorporation herein. The Trust Premises are bounded and described as follows:
SITUATE in the Third (3rd) Civil District of Sevier County, Tennessee and being Lot 2 of the Ted Jones Property as the same appears on plat of record in Map Book 35, page 391, in the Register’s Office for Sevier County, Tennessee, to which plat specific reference is hereby made for a more particular description.
SUBJECT TO restrictions, reservations and easements as set forth in Book 2225, page 430 and modified in Book 2353, page 527; Book 3199, page 676; Book 3767, page 433; Book 4360, page 587 and Book 5422, page 296, in said Register’s Office.
BEING the same property conveyed to Stacy Brian Gillispie by Warranty Deed from Herman teddy Jones and wife, Kristy Jones as dated February 4, 2021, filed for record in Book 5714, page 553, in the Register’s Office for Sevier County, Tennessee.
The street address of the property is 451 New Center Road, Sevier County, Tennessee but the street address is not part of the legal description. Tax Map Identification No. 041 021.01 (However, the property description shall control in the event it is inconsistent with the tax identification number).
Debtor has defaulted on payment of the Note and Noteholder has made demand upon the undersigned in the capacity of Successor Trustee to foreclose the Deed of Trust. Noteholder of the aforesaid Note and Deed of Trust has appointed EDWARD J. SHULTZ as Successor Trustee with full powers as therein set out.
Notice is hereby given to all other interest parties of record, which are:
The United States pursuant to a Notice of Federal Tax Lien of record at Instr. Book 4994, Page 774 in the Sevier County Register of Deeds Office. The notice to the Internal Revenue Service required by 26 U.S.C. § 7425(b) in order for the sale of the property advertised here not to be subject to this lien of the Internal Revenue Service has been timely given. The sale of the land advertised here will be subject to the right of the United States to redeem the land as provided for in 26 U.S.C. § 7424(d)(1). Although this lien was recorded prior in time to the Deed of Trust, pursuant to Rev. Rul. 68-57 the Deed of Trust has priority because it is a timely perfected Purchase Money Mortgage made in good faith and valid and valid under local law.
The United States pursuant to a Notice of Federal Tax Lien Refile of record at Instr. Book 6708, Page 265 in the Sevier County Register of Deeds Office. The notice to the Internal Revenue Service required by 26 U.S.C. § 7425(b) in order for the sale of the property advertised here not to be subject to this lien of the Internal Revenue Service has been timely given. The sale of the land advertised here will be subject to the right of the United States to redeem the land as provided for in 26 U.S.C. § 7424(d)(1). Although the original lien was recorded prior in time to the Deed of Trust, pursuant to Rev. Rul. 68-57 the Deed of Trust has priority because it is a timely perfected Purchase Money Mortgage made in good faith and valid and valid under local law.
The United States pursuant to a Notice of Federal Tax Lien Refile of record at Instr. Book 6764, Page 408 in the Sevier County Register of Deeds Office. The notice to the Internal Revenue Service required by 26 U.S.C. § 7425(b) in order for the sale of the property advertised here not to be subject to this lien of the Internal Revenue Service has been timely given. The sale of the land advertised here will be subject to the right of the United States to redeem the land as provided for in 26 U.S.C. § 7424(d)(1). Although the original lien was recorded prior in time to the Deed of Trust, pursuant to Rev. Rul. 68-57 the Deed of Trust has priority because it is a timely perfected Purchase Money Mortgage made in good faith and valid and valid under local law.
ACCORDINGLY, the undersigned, in the capacity of Successor Trustee under the Deed of Trust, will offer for sale the Trust Premises at public auction, and in bar of the Debtor’s statutory right and equity of redemption, the same having been fully surrendered and waived, to the highest and last bidder for cash in hand the public auction to be conducted promptly at 11:00 a.m. on October 29, 2025, at the front entrance of the Sevier County Courthouse, located at 125 Court Avenue, Sevierville, Tennessee, being the place presently fixed for such sale.
The real property and improvements will be sold AS IS WHERE IS without warranties or representations of any kind, and subject to all prior encumbrances, easements and restrictions of record and all property taxes due local governmental authorities, if any. The sale proceeds shall be applied in accordance with the provisions of the Deed of Trust. The sale may be adjourned after commencement and reconvened at another time, there announced, without the necessity of readvertising, and the Noteholder shall have the right to bid for the purchase of the Trust Premises at the sale.
THIS 26th day of September, 2025.
s/ Edward J. Shultz
Edward J. Shultz, Successor Trustee
Tarpy, Cox, Fleishman & Leveille, PLLC
1111 N. Northshore Dr., Ste. N-290
Knoxville, TN 37919
(865) 588-1096
eshultz@tcflattorneys.com
Publication Dates:
October 1, 2025
October 8, 2025
October 15, 2025
Online at: foreclosuretennessee.com