NORTH CAROLINA
MADISON COUNTY
Special Proceedings No. 26SP000011-560
Trustee: Philip A. Glass
NOTICE OF FORECLOSURE SALE
Date of Sale: July 7, 2026
Time of Sale: 10:00 a.m.
Place of Sale: Madison County Courthouse
Description of Property: See Attached Description
Record Owners: Steven Wayne Lovell, II
Address of Property: 88 Bearwallow Road
Leicester, NC 28748
Deed of Trust:
Book : 779 Page: 42
Dated: August 24, 2023
Grantors: Steven Wayne Lovell, II separated
Original Beneficiary: State Employees' Credit Union
CONDITIONS OF SALE:
This sale is made subject to all unpaid taxes and superior liens or encumbrances of record and assessments, if any, against the said property, and any recorded leases. This sale is also subject to any applicable county land transfer tax, and the successful third party bidder shall be required to make payment for any such county land transfer tax. It is the intent of the holder of the above Deed of Trust that the execution, delivery and recordation of a Trustee Deed to the holder as high bidder shall not merge with any superior Deeds of Trust held by the holder of the above Deed of Trust, and that the holder of said superior Deed of Trust shall continue to enjoy all rights and remedies set forth in said superior Deed of Trust, including the right to foreclose either by judicial action or under power of sale contained in the superior Deed of Trust.
The property to be offered pursuant to this Notice of Sale is being offered for sale "AS IS, WHERE IS." THERE ARE NO REPRESENTATIONS OR WARRANTIES relating to the title or to any physical, environmental, health or safety conditions existing in, on, at or relating to the property being offered for sale, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition are expressly disclaimed.
A cash deposit of 5% of the purchase price will be required at the time of the sale. Remote bidding will not be accepted pursuant to North Carolina General Statutes Section 45-21.25 (a). Credit bids on behalf of the Noteholder will be accepted. Any successful bidder shall be required to tender the full balance of the purchase price so bid in cash or certified check at the time the Substitute Trustee tenders to him a deed for the property or attempts to tender such deed, and should said successful bidder fail to pay the full balance purchase price so bid at that time, he shall remain liable on his bid as provided for in North Carolina General Statutes Section 45-21.30 (d) and (e). This sale will be held open ten (10) days for upset bids as required by law.
Residential real property with less than 15 rental units, including single-family residential real property: an order for possession of the property may be issued pursuant to G.S. 45-21.29 in favor of the purchaser and against the party or parties in possession by the clerk of superior court of the county in which the property is sold. Any person who occupies the property pursuant to a rental agreement entered into or renewed on or after October 1, 2007, may, after receiving notice of sale, terminate the rental agreement by providing written notice of termination to the landlord, to be effective on a date stated in the notice that is at least 10 days, but not more than 90 days, after the sale date contained in the notice of sale, provided that the mortgagor has not cured the default at the time the tenant provides the notice of termination. Upon termination of a rental agreement, the tenant is liable for rent due under the rental agreement prorated to the effective date of the termination.
Dated: 6/2/2026
Philip A. Glass, Trustee
Nodell, Glass & Haskell, L.L.P.
Posted on 6/2/2026
Exhibit A
BEGINNING at an-existing iron pin in the Southern margin of State Road 63, at the Easternmost corner of the now or formerly Ringers property, (Deed Book 134 at Page 567, Madison County Registry), and runs thence S 53° 30' 00" E 258.36 feet to a new iron pin; thence S 30° 00' 00" E 67.40 feet to a new iron pin; thence S 70° 30' 00" W 75.28 feet to a new iron pin; thence N 76° 50' 00" W 153.49 feet to a new iron pin; thence N 76° 07' 17" W 74.98 feet to a new iron pin; thence with the Southeastern margin of the above-referenced Ringers property, N 15° 42' 36" E 191.38 feet to the point of beginning, and containing 0.825 of an acre as per Lat of survey by F.V. Clinkscales, RLS, dated April 19, 1995, for Kenneth K. Plemmons and wife, Laura V. Plemmons, and bearing drawing number HNC 15202, AND BEING the same property as described in Deed Book 129 at Page 25, Madison County Registry.
TOGETHER WITH AND INCLUDING the water, reservoir, and water system rights as set forth in Deed Book 129 at Page 25, Madison County Registry.
BEING ALSO all of the property described in that deed recorded in Book 220 at Page 360, Madison County Registry.
Subject to easements, restrictions and rights of way of record, and utility lines and rights of way in existence over, under or upon the above-described property.
PIN: 8763-43-1558
Property Address: 88 Bearwallow Rd. Leicester, NC 28748
June 24, July 1, 2026
12387664