NOTICE OF SALE UNDER POWER
NOTICE OF SALE UNDER POWER
STATE OF GEORGIA
COUNTY OF CHATHAM
Because of a default in the payment of the indebtedness evidenced by the Note (as hereinafter described), secured by a Construction Security Deed from Farmer & Associates, Inc. (the "Grantor") to The First Bank, dated October 16, 2023, filed for record in Deed Book 3240, Page 400, in the Office of the Clerk of the Superior Court of Chatham County, Georgia (the "Security Deed"), the undersigned, Renasant Bank f/k/a The First Bank, pursuant to said Security Deed and that certain Promissory Note from Farmer & Associates, Inc. to The First Bank dated October 16, 2023, in the original principal amount of $1,863,500.00 (the "Note") has declared the entire amount of said indebtedness due and payable. Therefore, pursuant to and by virtue of the power of sale contained in the Security Deed, there will be sold by the undersigned at public outcry to the highest and best bidder for cash before the Courthouse door on the courthouse steps at Chatham County, Georgia, within the legal hours of sale on the first Tuesday in April, 2026, the following described property:
All that tract or parcel of land situate, lying and being in the 6th GM District, Chatham County, Georgia, described as Lot 28, Navajo Subdivision, being more particularly described as follows:
Commencing at a iron pin located at the eastern right of way of Rio Road and northern right of way of Fulton Road Extension, the same point being the point of beginning; thence with a curve turning to the right with an arc length of 66.70', with a radius of 45.00", with a chord bearing of N 09°39'37" E, with a chord length of 60.76', to an iron pin; thence with a reverse curve turning to the left with an arc length of 113.17, with a radius of 410.08, with a chord°bearing of N 44°12'51" E, with a chord length of 112.81', to an iron pin; thence N 65°56'13" E a distance of 82.13' to an iron pin; thence N 15°17'26" E a distance of 29.37 to an iron pin; thence S 74°42'34" E a distance of 142.55' to an iron pin; thence S 15°17'26" W a distance of 40.44' to an iron pin; thence S 42°10°02" E a distance of 4.83' to an iron pin; thence S 37°50'09" E a distance of 70.32' to an iron pin; thence S 48°05'37" E a distance of 45.69' to an iron pin; thence S 37°58'07" E a distance of42.87' to an iron pin; thence S 43°16'57" W a distance of 38.11' to an iron pin; thence S 74°42'34" E a distance of 112.36' to an iron pin; thence N 15°17'26" E a distance of 165.00' to an iron pin; thence S 74°42'43" E a distance of 35.00' to an iron pin; thence S 15°17'26" W a distance of 288.69' to an iron pin; thence S 74°42'34" E a distance of 58.02' to an iron pin; thence S 15°33'26" W a distance of 281.82 to an iron pin; thence S 22°40'45" W a distance of 61.92' to an iron pin; thence N 35°00'55" W a distance of 163.06' to an iron pin; thence N 42°23'23" W a distance of 458.46' to an iron pin; thence with a curve turning to the right with an arc length of 69.68", with a radius of 416.25'; with a chord bearing of N 37°35'40" W, with a chord length of 69.60°, to an iron pin; which is the point of beginning, having an area of 196092 square feet, 4.50 acres, together with all fixtures and personal property attached to and constituting a part of said property, and replacements and additions. Said Plat is made a part of this description by reference.
Parcel ID: 20860A03007; 20862 01022
TOGETHER WITH all of the buildings, building materials, fixtures and improvements on, in and to the property and all easements, rights, rents, royalties, mineral, oil and gas rights, profits and water rights.
The indebtedness secured by the Security Deed has been and is hereby declared due and payable because of, among other possible events of default, failure to pay the indebtedness when due and in the manner provided in the Note. The indebtedness remaining in default, the sale will be made for the purpose of applying the proceeds thereof to the payment of the indebtedness secured by the Security Deed, accrued interest and expenses of the sale, and all other payments provided for under the Security Deed, including permitted attorneys' fees as provided in the Note and Security Deed, notice of intention to collect attorneys' fees and expenses of the foreclosure having been given as provided by law and as provided by the terms of the Security Deed; and the remainder, if any, shall be applied as provided by law.
To the best knowledge and belief of the undersigned, Farmer & Associates, Inc. is in possession of said property. Said property will be sold subject to any prior restrictive covenants, easements, rights-of-way, valid zoning ordinances, matters which would be disclosed by an accurate survey of the property or by an inspection of the property, and any liens or encumbrances superior to the Security Deed first set out above, and subject to all outstanding taxes, assessments, water, waste, and utility bills which may constitute a lien against said property, whether due and payable or not yet due and payable. This sale will be conducted as set forth herein subject to (1) confirmation prior to the sale that the sale is not prohibited under the U.S. Bankruptcy Code and (2) final confirmation and audit prior to the sale of the status of the loan with the holder of the Security Deed.
Grantee reserves the right to sell the property in one parcel or as an entirety, or in such parcels as Grantee may elect, as permitted in the Security Deed. Pursuant to O.C.G.A. § 9-13-172.1, which allows for certain procedures regarding the rescission of judicial and non-judicial sales in the State of Georgia, the Deed Under Power and other foreclosure documents may not be provided until final confirmation and audit of the status of the loan as provided immediately above.
The following information is being provided in accordance with O.C.G.A. § 44-14-162.2. Renasant Bank f/k/a The First Bank hereby notifies Grantor that Renasant Bank f/k/a The First Bank remains the holder of the security interest set forth in the Security Deed. Grantor may communicate with Renasant Bank by contacting Mr. Morgan Miller, Renasant Bank, 6480 US Highway 98, Hattiesburg, Mississippi 39402, or by telephone at (601) 450-9804. Mr. Miller has full authority to negotiate, amend, and modify all terms of the Security Deed with Grantor. O.C.G.A. § 44-14-162.2 states in pertinent part that, "nothing in this subsection shall be construed to require a secured creditor to negotiate, amend, or modify the terms of a mortgage instrument".
RENASANT BANK f/k/a THE FIRST BANK, as
Attorney-in-Fact for FARMER & ASSOCIATES, INC.
By: Thomas E. Austin, Jr.,
Attorney for Renasant Bank f/k/a The First Bank
Thomas E. Austin, Jr., LLC
2451 Cumberland Parkway, S.E.
Suite 3504
Atlanta, Georgia 30339
(404) 814-3755
THIS LAW FIRM IS ACTING AS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
March 9, 16, 23, 30 2026
LGSC0470659