NOTICE OF SUBSTITUTE TRUSTEE'S FORECLOSURE SALE OF REAL AND PERSONAL PROPERTY 26SP000121-350
UNDER AND BY VIRTUE of the power and authority contained in that Deed of Trust by Leadway Homebuyers LLC ("Borrower"), dated November 10, 2025 securing an indebtedness to Loan Mountain Investments Sub-REIT LLC in the original principal amount of $274,500.00 and recorded on November 10, 2025, in Book 5600 , at Page 990 of the Gaston County Public Registry (the "Deed of Trust"); and because of default in the payment of the indebtedness secured thereby and failure to carry out and perform the stipulations and agreements contained therein and, pursuant to demand of the holder of the indebtedness secured by said Deed of Trust, the undersigned Substitute Trustee will place for sale, at public auction, to the highest bidder for cash at the usual place of sale at Gaston County Courthouse, in Gastonia North Carolina, on Tuesday April 14, 2026 at 9:00 A.M. those parcels of land, including all of Borrower's right, title and interest now owned or hereafter acquired in and to the property, including all estates, rights, tenements, hereditaments, privileges, easements, and appurtenances of any kind benefitting the property, all means of access to and from the property, whether public or private and all water and mineral rights, situated, lying and being in Gaston County, North Carolina, and being more particularly described as follows:
Being the Southerly one-half portion of Lots Nos 94,95,96,97,98,99 of the AK rankin Subdivision as ame is shown in the Gaston County Public Registry in Plat Book 7 at Page 78. Said property being further described as follows: beginning at an iron pin in the northeast point of the intersection of North Steet and henry Ave (no opened_ near Belmont, NC said [oint of beginning also being the southwest corner of Lot 94 as shown on the baove described plat. and running thence from said point of beginning S. 66-30 E. 150 feet to an iron pinl thence N. 24 E. 75 feet to an iron pin; thence N. 66-30 W. 150 feet to an iron pin; thence S. 24 W. 75 feet to the point of Beginning. Parcel #187378 AddressL 615 N Steet Belmont, NC 28012.
The terms of the sale are that the real property hereinbefore described will be sold for cash to the highest bidder. The sale of the personal property is made in accordance with G.S. § 25-9-604 (a) and (b). A deposit of five percent (5%) of the amount of the bid or Seven Hundred Fifty Dollars ($750.00), whichever is greater, is required and must be tendered in the form of certified funds at the time of the sale. In the event that the Holder or its intended assignee is exempt from paying the same, the successful bidder shall be required to pay revenue stamps on the Trustee's Deed, and any Land Transfer Tax.
The real property hereinabove described is being offered for sale "AS IS, WHERE IS" and will be sold subject to all superior liens, unpaid taxes, and special assessments. Other conditions will be announced at the sale. The sale will be held open for ten (10) days for upset bids as by law required.
If the Trustee is unable to convey title to this property for any reason, the sole remedy of the purchaser is the return of the deposit. Reasons of such inability to convey include, but are not limited to, the filing of a bankruptcy petition prior to the sale and reinstatement of the loan without the knowledge of the Trustee. If the validity of the sale is challenged by any party, the Trustee, in its sole discretion, if it believes the challenge to have merit, may declare the sale to be void and return the deposit. The purchaser will have no further remedy.
Additional Notice Where the Real Property is Residential With Less Than 15 Rental Units: 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 the notice of sale, terminate the rental agreement upon 10 days' written notice to the landlord. 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.
Any person who occupies the property pursuant to a bona fide lease or tenancy may have additional rights
Dated: March 18, 2026
Cameron D. Scott Trustee
April 6, 13 2026
LWLM0490084