NOTICE OF SALE UNDER POWER IN SECURITY DEED
STATE OF GEORGIA COUNTY OF CHATHAM
Under and by virtue of the Power of Sale contained in the Deed to Secure Debt dated as of June 7, 2024, from 132 EAST OGLETHORPE, LLC (the “Grantor”) to WESTMOORE LENDING PARTNERS III, LLC (the “Lender”), recorded in Deed Book 3404, page 524, Chatham County Georgia records, (the “Security Deed”) the undersigned will sell at public outcry to the highest and best bidder for cash before the door of the Courthouse of Chatham County, Georgia, during the legal hours of sale, on the first Tuesday in JANUARY, 2026 (i.e., January 6, 2026), the following described real and personal properties located in Chatham County, Georgia (together, the “Property”), to wit:
All that certain lot, tract or parcel of land situate, lying and being in the City of Savannah, County of Chatham and State of Georgia and being known as The Southeastern portion of Lot Six (6), Third Tything, Anson Ward, and located at the Northwestern corner of Oglethorpe Avenue and Abercorn Streets, and having a front on the Northern side of Oglethorpe Avenue of forty-three and ninety-nine one-hundredths (43.99) feet, and a depth along the Western line of Abercorn Street of forty-eight and three-tenths (48.3) feet, and being shown on that certain map or plat recorded at Plat Book F, Page 107, Chatham County, Georgia records, which plat is incorporated herein by specific reference and made a part hereof.
This property has a street address of 132 E. Oglethorpe Street, Savannah, Chatham County, Georgia, according to the current system of numbering streets in Chatham County, Georgia; TPIN 20015-07003
TOGETHER WITH all easements, rights-of-way, strips and gores of land, streets, ways, alleys, passages, sewer rights, waters, water courses, water rights and powers, and all estates, rights, titles, interests, minerals, royalties, easements, privileges, liberties, tenements, hereditaments and appurtenances whatsoever, in any way belonging, relating of appertaining to the Property or any part thereof, or which hereafter shall in any way belong, relate or be appurtenant thereto, whether now owned or hereafter acquired by Borrower and the reversion and reversions, remainder and remainders thereof.
The debt secured by the Security Deed is evidenced by a Note executed by 132 EAST OGLETHORPE, LLC (“Borrower”) in favor of Lender, dated on or about June 7, 2024 in the original principal amount of $1,800,000.00, and currently held by Lender (the “Note”), plus interest from that date on the unpaid balance until paid.
Default has occurred and continues under the terms of the Note and Security Deed by reason of, among other possible events of default, the nonpayment when due of the indebtedness evidenced by the Note and secured by the Security Deed. By reason of this default, the Security Deed has been declared foreclosable according to its terms. The above-described real property will be sold to the highest and best bidder for cash as the property of Grantor, the proceeds to be applied to the payment of said indebtedness, attorneys' fees, and the lawful expenses of said sale, all as provided in the Note and Security Deed. The sale shall be subject to the following: all outstanding ad valorem taxes (including taxes which are a lien, whether or not now due and payable); the right of redemption of any taxing authority; any matters which might be disclosed by an accurate survey and inspection of the property; and any assessments, liens, encumbrances, zoning ordinances, restrictions, covenants, and any matters of record superior to the Security Deed.
The sale will be conducted subject (1) to confirmation that the sale is permitted by any applicable court; and (2) to final confirmation and audit of the status of the loan with the holder of the Security Deed.
Notice has been given of intention to collect attorney's fees in accordance with the terms of the Note secured by said Security Deed. Notice of this sale has been given to the Grantor pursuant to O.C.G.A. Section 44-14-162 et seq.
To the best of the undersigned's knowledge and belief, the real property is presently owned by 132 EAST OGLETHORPE, LLC. To the best of the undersigned's knowledge and belief, the party in possession of the real property is 132 EAST OGLETHORPE, LLC.
WESTMOORE LENDING PARTNERS III, LLC, as Attorney-in-Fact for 132 EAST OGLETHORPE, LLC.
This is a law firm attempting to collect a debt for the Lender and all information received may be used for that purpose.
George F. Maynard The Maynard Law Firm, LLC 620 Glen Iris Drive NE, Suite 103
Atlanta, Georgia 30308-2767 Fax: 404-817-0099
gmaynard@maynardlaw.net