Substituted Trustee's Notice of Sale
SUBSTITUTED TRUSTEE'S NOTICE OF SALE
WHEREAS, on June 13, 2007, Sahil LLC, a Mississippi limited liability company (the "Borrower") executed that certain Deed of Trust (the "Deed of Trust") to John C. Clark, as trustee (the "Original Trustee"), for the use and benefit of First State Bank, a Tennessee state-chartered bank ("FS Bank", as thereafter merged with Simmons Bank, an Arkansas state-chartered bank, collectively, the "Beneficiary"), which instrument was recorded in the Office of the Chancery Clerk of Hinds County (First Judicial District), Mississippi (the "Recording Office") on June 22, 2007, as Instrument Number 1091077, at Book 6714, Page 720, and thereafter re-recorded on July 2, 2007, as Instrument Number 1092330, at Book 6720, Page 87 ; and,
WHEREAS, on April 16, 2026, pursuant to that certain Substitution of Trustee (the "Trustee Substitution"), Beneficiary substituted Alan Lee Smith (the "Substituted Trustee") as trustee of the Deed of Trust, in the place and stead of the Original Trustee and of any other substituted trustee, which Trustee Substitution was recorded in the Recording Office on May 15, 2026, as Instrument Number 1944084, at Book 7332, Page 8382, and thereafter spread upon the land records maintained by the Chancery Clerk of Hinds County, Mississippi (First Judicial District); and
WHEREAS, default having been made in the terms and conditions of said Deed of Trust and the entire debt secured thereby (the "Indebtedness") having been declared to be due and payable in accordance with the terms of said Deed of Trust, Beneficiary has called upon the Substituted Trustee to execute the trust and make foreclosure thereof according to the terms of said Deed of Trust and applicable Mississippi law, for the purpose of raising the sums due thereunder, with the proceeds thereof to be applied in accordance with the terms and conditions of the Deed of Trust and related loan documents.
NOW, THEREFORE, I, Alan Lee Smith, acting solely in my capacity as Substituted Trustee, by virtue of the authority conferred upon me pursuant to the Deed of Trust and applicable Mississippi law, do hereby give notice that I will, between the legal hours of 11:00 a.m. and 4:00 p.m. on Thursday, June 25, 2026, offer for sale at public outcry at the main north front door of the Hinds County Courthouse (First Judicial District), 407 East Pascagoula Street, Jackson, Mississippi, to the highest and best bidder for cash, the following described real property situated in Hinds County, Mississippi (First Judicial District) (the "Premises"), to-wit:
REAL PROPERTY
A certain parcel of land being situated in the Southeast ¼ of Section 1, T6N-R1E, City of Jackson, Hinds County, Mississippi, and being more particularly described as follows:
Begin at a set iron pin marking the Southeast corner of Lot 27, Block S. Beverly Heights, a subdivision according to the map or plat thereof, on file and of record in the office of the Chancery Clerk of Hinds County at Jackson, Mississippi, as now recorded in Plat Book 11 at Page 36; said point also being on the North line of the South ½ of the South ½ of said Section 1, T6N-R1E; from said POINT OF BEGINNING, run thence North 00 degrees 11 minutes 00 seconds East along the East line of said Lot 27 and it's northerly extension thereof for a distance of 175.00 feet to a set iron pin; leaving said northerly extension of the East line of Lot 27, run thence South 89 degrees 36 minutes 00 seconds East for a distance of 764.13 feet to a set iron pin on the West right-of-way line of Interstate Highway 55 (as now laid out and improved); run thence South 04 degrees 06 minutes 00 seconds West along said West right-of-way line of Interstate Highway 55 for a distance of 73.86 feet to a set pk nail; run thence South 85 degrees 54 minutes 00 seconds East along said West right-of-way line of Interstate Highway 55 for a distance of 14.00 feet to a set pk nail; run thence South 04 degrees 06 minutes 00 seconds West along said West right-of-way line of Interstate Highway 55 for a distance of 100.60 feet to a set iron pin on the aforesaid North line of the South ½ of the South ½ of Section 1; run thence North 89 degrees 36 minutes 00 seconds West along said North line of the South ½ of the South ½ of Section 1 for a distance of 766.18 feet to the POINT OF BEGINNING, containing 3.0782 acres, more or less.
This being the same property conveyed to Rajendra B. Bhakta by Substituted Trustee's Deed of record in Book 5750, Page 325 in the Chancery Clerk's Office of Hinds County, Mississippi.
Substituted Trustee will on the same date and at the same time and place, proceed to sell at public outcry to the highest and best bidder for cash, pursuant to the provisions of Sections 9-604 and 9-610 of the Uniform Commercial Code (Sections 75-9-604 and 75-9-610 of the Mississippi Code), all of Borrower's right, title and interest in the following described personal property that may be located upon the Premises and/or may exist in association with Borrower's use and enjoyment of the Premises, the Borrower having granted Beneficiary a security interest in said personal property pursuant to the Deed of Trust and/or other security instruments:
PERSONAL PROPERTY
All of Borrower's right, title and interest in and to all of the following:
(1). All buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties and profits relating to the Premises, including without limitation, all minerals, oil, gas, geothermal and similar matters;
(2). All equipment, fixtures, instruments, and other articles of personal property owned by Borrower and attached or affixed to the Premises, together with all accessions, parts, and additions to, all replacement of, and all substitutions for, any of such property; and together with all proceeds (including without limitation all insurance proceeds and refunds of premiums) from any sale or other disposition of the Premises; and,
(3). All rents, revenue, income, issues, royalties, profits, and other benefits derived from the Premises.
The foregoing real and personal property (collectively, the "Property") shall be sold together on an "As Is, Where Is" basis without warranty or recourse, express or implied, as to title, possession, use and/or enjoyment, and subject to the following:
Any unpaid taxes against the Property;Any recorded easements, conditions, covenants, rights-of-way or subdivision plats affecting the Property;
Any dedication of roads affecting the Property and any governmental zoning and subdivision ordinances or regulations in effect; and,
Any prior or superior liens, judgments, deeds of trust, or other interests of record and/or existing as a matter of law regarding the Property.
I shall convey only such title as is vested in me as Substituted Trustee.
WITNESS MY SIGNATURE on this the 28th day of May, 2026.
/s/ Alan Lee Smith
ALAN LEE SMITH, acting
solely in my capacity as
Substituted Trustee
Baker, Donelson, Bearman,
Caldwell & Berkowitz, P.C.
Attn: Alan Lee Smith, Esq.
P.O. Box 14167
Jackson, Mississippi 39236
(601) 351-8932
Real Property Physical Address:
Studio Seven Extended Stay
5925 I-55 North
Jackson, Mississippi 39213
Publication Dates:
June 3, 2026; June 10, 2026;
June 17, 2026; and June 24, 2026
June 3, 10, 17, 24 2026
LMSS0528987