MORTGAGEE’S SALE OF REAL ESTATE
By virtue and in execution of the power of sale contained in a certain Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing from 55 Adin Street, LLC to JGB Collateral LLC dated August 2, 2023, and recorded with the Worcester District Registry of Deeds in Book 69497, Page 271, as amended by that certain Amendment to Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated April 20, 2026 and recorded with the Worcester District Registry of Deeds in Book 73573, Page 327, for property located at and known as 55 Adin Street and 81 Mendon Street, Hopedale, Worcester County, Massachusetts (the “Mortgage”), of which Mortgage the undersigned is the present holder (the “Lender”), for breach of the conditions of the Mortgage and for the purpose of foreclosing the same, will be sold at public auction at 12:00 P.M. on Thursday, July 30, 2026, on the premises located at 55 Adin Street and 81 Mendon Street, Hopedale, Worcester County, Massachusetts, described in the Mortgage (the “Mortgaged Premises”) as follows:
“Parcel One:
The land and buildings thereon located off Adin and Mendon Streets, Hopedale, Worcester County, Massachusetts, being shown as Lot 1 containing 17.51+/- acres, as described on a Plan "The Ledges" Plan of Land in Hopedale, MA, Owner: Vincent J. Arone, Trustee Arone Real Estate Trust, Scale: 60 feet to an inch, Dated: April 2, 2007, Guerriere & Halnon, Inc., Engineering & Land Surveying, 333 West Street, Milford, Mass. 01757, which Plan is recorded at the Worcester County Registry of Deeds in Plan Book 865, Page 31.
Included within the bounds of Parcel One is a parcel of land described in the Confirmation Decree, dated June 19, 1996, recorded with said Deeds, Book 18010, Page 19 and shown on plan attached thereto.
Parcel Two:
The land located off Mendon Streets, Hopedale, Worcester County, Massachusetts, being shown as Lot 4 containing 48,237+/- square feet, as described on a Plan "Division of Land in Hopedale, Massachusetts", Property of Vincent J. Arone and Marie P. Arone, Trustees of the Arone Real Estate Trust", dated May 15, 1993, Scale: 1'=40", Prepared by: Guaranteed Builders, Inc., Engineering Department, 14 West Street, Douglas, MA, which Plan is recorded at the Worcester County Registry of Deeds in Plan Book 670, Page 119.”
Said sale shall be subject to:
1. All outstanding real estate taxes, tax titles, tax liens, electricity, sewer and water charges, improvements, betterment assessments and other municipal liens and any pending proceedings for the enforcement of such liens;
2. Any outstanding orders of the Department of Health, or any other municipal, state or Federal agency;
3. Any existing tenants or other parties in possession;
4. Rights, rights of way, easements, restrictions, covenants, tax takings, liens or claims in the nature of liens, attachments and mortgages of record having priority over the foreclosed mortgage;
5. Proposed variable width access and utility easement over existing driveway as shown on Plan Book 865, Plan 31; and
6. Proposed 20 foot wide utility easement as shown on Plan Book 865, Plan 31.
Terms of sale: A deposit of Twenty-Five Thousand and 00/100 Dollars ($25,000.00) by certified or bank check will be required to be paid by the purchaser at the time and place of sale. An additional deposit in the amount required to bring the total deposit to five percent (5%) of the purchase price by wire transfer at Mirick, O’Connell, DeMallie & Lougee, LLP, 100 Front Street, Worcester, Massachusetts 01608, will be required to be paid by the purchaser on the fifth (5th) business day after the sale date. The balance of the purchase price is to be paid by wire transfer at Mirick, O’Connell, DeMallie & Lougee, LLP, 100 Front Street, Worcester, Massachusetts 01608 within forty-five (45) days from the date of the sale (the “Closing Date”). The Lender may extend the Closing Date in the Lender’s sole and absolute discretion upon the request of purchaser. A Deed will be provided to the purchaser for recording upon receipt in full of the purchase price. In the event of an error in this publication, the description of the premises contained in said Mortgage shall control. The Lender shall not be required to pay a deposit if the Lender is the high bidder.
Other terms, if any, to be announced at the sale.
The Lender reserves the right to continue the sale from time to time by public announcement at the time and date of the original or any continued sale.
If the highest bidder fails to complete the purchase of the Mortgaged Premises on the terms provided in this notice and in the Memorandum of Sale signed following the auction, the Lender reserves the right to convey the Mortgaged Premises to the second highest bidder at the auction. If the Lender exercises that right it will notify the second highest bidder who will then have three (3) days to deliver the deposit specified above to the Lender’s attorney, Mirick, O’Connell, DeMallie & Lougee, LLP, and to agree upon a date for delivery of the deed.
JGB COLLATERAL LLC
By its Attorney,
Mirick, O’Connell, DeMallie & Lougee, LLP
100 Front Street
Worcester, MA 01608
Daniel P. McLaughlin & Co., LLC, Auctioneer
MA License No. 835
Daniel P. McLaughlin- 781-208-0377
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