NOTICE OF SALE UNDER POWER
STATE OF GEORGIA
COUNTY OF CHATHAM
WHEREAS, CGNR, LLC, a Florida limited liability company ("Borrower"), did execute and deliver to William A. E. Brown ("Lender"), that certain Deed to Secure Debt (the "Security Deed"), made as of March 16, 2022, filed and recorded on March 22, 2022 in Deed Book 2747, beginning at Page 673, with the Clerk of the Superior Court of Chatham County, Georgia; and a Corrective Deed to Secure Debt was filed and recorded on March 22, 2022 in Deed Book 2748, beginning at Page 127, with the Clerk of the Superior Court of Chatham County, Georgia; and
WHEREAS, under and pursuant to the Security Deed, Borrower did thereby irrevocably grant, bargain, sell, convey, assign, transfer, deed, hypothecate, pledge, set over, grant a security interest in, warrant and confirm to Lender, with power of sale and right of entry and possession, all right, title and interest of Borrower in and to all of the following property, rights, interests and estates then owned, or thereafter created or acquired (the "Property"):
All that certain lot, tract or parcel of land situate, lying and being in the City of Savannah, Chatham County, Georgia known as Lot 8 on a map of Shangri-La Subdivision made by Robert D. Gignilliat, Jr., Surveyor, dated March 1944, recorded in the Office of the Clerk of Superior Court of Chatham County, Georgia in Subdivision Map Book A, Page 72. Said Lot was conveyed to James W. Brown and Marjorie B. Brown by Warranty Deed dated August 30, 1995 recorded in Deed Book 174-Q, Page 532, in the aforesaid Clerk's Office. Said map and deed are incorporated herein by reference.
10415 White Bluff Road, Savannah, Georgia 31406
Tax PIN 20648 05009
WHEREAS, the Security Deed secures that certain loan (the "Loan") to Borrower made by Lender, as evidenced by that certain Promissory Note (the "Note"), dated March 16, 2022, payable by Borrower to Lender, in the original principal amount of One Hundred Seventy Thousand and no/100 Dollars ($170,000.00); and
WHEREAS, defaults have occurred under the Note and the Security Deed including, without limitation, the failure of Borrower to pay the indebtedness as and when due and in the manner provided in the Note and Security Deed; and
WHEREAS, by reason of such defaults all outstanding obligations owing by Borrower to Lender have been, and are hereby, accelerated and declared immediately due and payable, and the Security Deed has become, is, and is hereby subject to foreclosure as provided by law, the Note, and the Security Deed; and
NOW, THEREFORE, under and pursuant to the power of sale contained in the Security Deed and according to the terms of the Security Deed and the laws in such cases made and provided, Lender will expose all of the Property situated, lying and being in Chatham County, Georgia, for sale, at public sale to the highest bidder, for cash on that certain first Tuesday in August 2026, being August 4, 2026, during the legal hours for sale, before the courthouse door in Chatham County, Georgia. The Property will be sold subject to the following:
All outstanding taxes and assessments, and any additional taxes which result from a reassessment of the Property or re-billing of taxes;
All easements, rights of way, agreements, covenants and restrictions of record, which are in addition to any such matters specifically identified herein.
Restrictions, easements and all questions arising out of zoning laws, ordinances or regulations.
Rights and obligations of any tenants in possession, as tenants only, pursuant to written but unrecorded rental or lease agreements without rights or options to purchase the Property; and
All other, if any, easements, limitations, reservations, covenants, restrictions, deeds to secure debt, liens and other encumbrances and matters of public record to which the Security Deed is junior and subordinate in terms of priority under the laws of the State of Georgia.
The secured obligations remaining in default and the aforesaid defaults continuing, the sale of the Property under and pursuant to the power of sale contained in the Security Deed will be made for the purpose of applying the proceeds thereof, as provided for in the Security Deed and pursuant to applicable law.
The Property will be sold on an "as is, where is" basis without recourse against Lender and without representation or warranty of any kind or nature whatsoever with respect thereto, with no assurance afforded as to the exact acreage of the Property.
To the best of Lender's knowledge and belief, the Property is presently owned by Borrower, subject to the aforesaid interests of Lender and the matters set forth herein, and Borrower is the party in possession of the Property, subject to the aforesaid interests.
The notice to Borrower, pursuant to O.C.G.A. §44-14-162.2, has been provided by Lender to Borrower in accordance with said O.C.G.A. §44-14-162.2.
The recitals set forth hereinabove are hereby incorporated in and made a part of this Notice of Sale Under Power.
WILLIAM A. E. BROWN as agent and attorney-in-fact for CGNR, LLC, a Florida limited liability company
By: His Attorney-at-Law:
Margaret Puccini, Esq.
Bouhan Falligant LLP
P.O. Box 2139
Savannah, GA 31401
Phone: 912-232-7000
July 9, 16, 23, 30 2026
LGSC0548898