Dawson County news. (Dawsonville, Georgia) 2015-current, July 17, 2019, Image 22
cm k 10B | dawsonnews.com | DAWSON COUNTY NEWS Wednesday, July 17,2019 of Deed to Secure Debt and Security Agreement and UCC Fixture Filing, effective as of June 1, 2015, filed July 20, 2015 in Deed Book 1160, beginning at Page 587, in the Dawson County Records (said Security Deed, as so assigned, being hereinafter called the "Security Instrument"); and WHEREAS, under and pursuant to the Security Instrument, Borrower did thereby irrevocably grant, bargain, sell, pledge, assign, warrant, transfer and convey to and grant a security interest to Holder (as subsequent successor and assign of Original Lender) and its successors and assigns, WITH POWER OF SALE, in the following property, rights, interests and estates then owned, orthereafter acquired by Borrower (collectively, the "Property"): (a) Land. The real property more particularly described as follows (the"Land"): TRACT 1 (Fee Parcel): All that tract or parcel of land lying and being in Land Lots 282 and 315 of the South Half of the South Half of the 13th District, Dawson County, Georgia and being more particularly described as follows: To find the True Point of Beginning commence at a concrete right-of- way monument at the intersection of the easterly right-of-way of Georgia Highway 53 (Right-of-Way varies) and the southerly mitered corner of Georgia Highway 400 (160 foot Right-of-Way); thence along the easterly right-of-way of Georgia 53 South 41 degrees 54 minutes 53 seconds East a distance of 128.30 feet to a point and the True Point of Beginning; thence leaving said point and right-of-way North 48 degrees 01 minute 19 seconds East a distance of 50.14 feet to a point; thence along a curve to the right an arc distance of 68.28 feet to a point, said arc having a radius of 514.99 feet and a chord which bears North 51 degrees 56 minutes 04 seconds East a chord distance of 68.23 feet; thence North 55 degrees 50 minutes 48 seconds East a distance of 52.44 feet to a point; thence along a curve to the left an arc distance of 101.63 feet to a point, said arc having a radius of 507.10 feet and a chord which bears North 50 degrees 01 minute 25 seconds East a distance of 101.46 feet; thence North 45 degrees 47 minutes 59 seconds West a distance of 138.68 feet to a point; thence North 89 degrees 09 minutes 52 seconds West a distance of 14.65 feet to a point; thence North 42 degrees 07 minutes 48 seconds East a distance of 224.01 feet to a point; thence South 49 degrees 04 minutes 11 seconds East a distance of 47.73 feet to a point; thence North 40 degrees 38 minutes 38 seconds East a distance of 112.70 feet to a point; thence South 76 degrees 47 minutes 54 seconds East a distance of 173.00 feet to a point; thence North 79 degrees 46 minutes 48 seconds East a distance of 45.50 feet to a point; thence South 76 degrees 40 minutes 43 seconds East a distance of 350.00 feet to a point; thence South 00 degrees 12 minutes 07 seconds West a distance of 456.30 feet to a point; thence North 89 degrees 47 minutes 54 seconds West a distance of 362.51 feet to a point; thence South 48 degrees 05 minutes 07 seconds West a distance of 342.63 feet to a point; thence North 89 degrees 48 minutes 22 seconds West a distance of 96.53 feet to a point on the right-of-way of Georgia Highway 53; thence along said right-of-way North 41 degrees 52 minutes 47 seconds West a distance of 37.85 feet to a point; thence North 47 degrees 26 minutes 10 seconds East a distance of 70.00 feet to a point; thence North 41 degrees 54 minutes 53 seconds West a distance of 255.52 feet to a point; thence South 46 degrees 43 minutes 06 seconds West a distance of 10.00 feet to a point; thence North 41 degrees 54 minutes 53 seconds West a distance of 66.31 feet to a point and the True Point of Beginning; Less and Except that certain tract of land conveyed to Department of Transportation by Declaration of Taking styled Department of Transportation vs. Edens & Avant Financing II Limited Partnership, et a I, Superior Court of Dawson County Docket No. 2014-CV-361-B, dated July 10, 2014, filed September 10, 2014, and recorded in Deed Book 1125, Page 130, Dawson County, Georgia records; TRACT 1 also being described as (Overall Parcel): All that tract or parcel of land lying and being in Land Lots 282 and 315 of the South Half of the South Half of the 13th District, Dawson County, Georgia and being more particularly described as follows: To find the True Point of Beginning commence at a concrete right-of- way monument at the intersection of the easterly right-of-way of Georgia Highway 53 (Right-of-Way varies) and the southerly mitered corner of Georgia Highway 400 (160 foot Right-of-Way); thence along the easterly right-of-way of Georgia 53 South 41 degrees 54 minutes 53 seconds East a distance of 128.30 feet to a point and the True Point of Beginning; thence leaving said point and right-of-way North 48 degrees 01 minute 19 seconds East a distance of 50.14 feet to a point; thence along a curve to the right an arc distance of 68.28 feet to a point, said arc having a radius of 514.99 feet and a chord which bears North 51 degrees 56 minutes 04 seconds East a chord distance of 68.23 feet; thence North 55 degrees 50 minutes 48 seconds East a distance of 52.44 feet to a point; thence along a curve to the left an arc distance of 101.63 feet to a point, said arc having a radius of 507.10 feet and a chord which bears North 50 degrees 01 minute 25 seconds East a distance of 101.46 feet; thence North 45 degrees 47 minutes 59 seconds West a distance of 138.68 feet to a point; thence North 89 degrees 09 minutes 52 seconds West a distance of 14.65 feet to a point; thence North 42 degrees 19 minutes 11 seconds East a distance of 223.88 feet to a 1/2 inch rebar found; thence South 49 degrees 08 minutes 46 seconds East a distance of 47.66 feet to a 1/2 inch rebar found; thence North 40 degrees 44 minutes 21 seconds East a distance of 112.57 feet to a 1/2 inch rebar found; thence South 76 degrees 59 minutes 31 seconds East a distance of 172.34 feet to an iron pin set; thence North 79 degrees 46 minutes 48 seconds East a distance of 45.50 feet to an iron pin set; thence South 76 degrees 26 minutes 15 seconds East a distance of 350.45 feet to a 1/2 inch rebar found along land lot line common to Land Lots 282 and 281; thence along said land lot line and on with land lot line common to Land Lots 315 and 316 South 00 degrees 12 minutes 54 seconds West a distance of 454.76 feet to an iron pin set; thence leaving said Land Lot line North 89 degrees 57 minutes 41 seconds West a distance of 363.18 feet to a 1/2 inch rebar found; thence South 48 degrees 08 minutes 22 seconds West a distance of 341.44 feet to an iron pin set; thence North 89 degrees 48 minutes 22 seconds West a distance of 61.75 feet to an iron pin set on the right- of-way of Georgia Highway 53; thence along said right- of-way North 42 degrees 06 minutes 34 seconds West a distance of 14.44 feet to a point; thence North 11 degrees 47 minutes 06 seconds West a distance of 54.73 feet to a point; thence North 47 degrees 26 minutes 10 seconds East a distance of 16.80 feet to a point; thence North 41 degrees 54 minutes 53 seconds West a distance of 255.52 feet to a point; thence South 46 degrees 43 minutes 06 seconds West a distance of 10.00 feet to a point; thence North 41 degrees 54 minutes 53 seconds West a distance of 66.31 feet to a point and the True Point of Beginning; TRACT II - EASEMENT PARCELS: TOGETHER WITH EASEMENT RIGHTS AND REAL PROPERTY INTERESTS BENEFITTING THE INSURED FEE PROPERTY, CONTAINED IN THE FOLLOWING: A. Easement and Restrictive Covenant Agreement by and between WB Dawsonville Associates, LLC and Cutchin Company, LLC dated November 27, 1996, filed December 3, 1996 and recorded at Deed Book 229, Page 574, aforesaid records, as amended by First Amendment between WB Dawsonville Associates, LLC and Cutchin Company, dated January 20, 1998, filed January 22, 1998 and recorded at Deed Book 260, Page 255, Dawson County, Georgia Records; B. Access, Drainage and Sewer Easement Agreement by and between WB Dawsonville Associates, LLC and Chestatee Capital, LLC, dated November 27, 1996, filed December 3, 1996 and recorded at Deed Book 229, Page 598, aforesaid records; and C. Agreement by and between Cutchin Company, LLC and WB Dawsonville Associates, LLC, dated November 27, 1996, filed December 3, 1996, and recorded in Deed Book 229, Page 655, aforesaid records; Dawson County Map Code: 113 041 001 (b) Additional Land. All additional lands, estates and development rights thereafter acquired by Borrower for use in connection with the Land and the development of the Land and all additional lands and estates therein which may, from time to time, by supplemental mortgage or otherwise be expressly made subject to the lien of this Security Instrument; (c) Improvements. The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements then or thereafter erected or located on the Land (the "Improvements"); (d) Easements. All easements, rights-of-way or use, rights, strips and gores of land, streets, ways, alleys, passages, sewer rights, water, water courses, water rights and powers, air rights and development rights, and all estates, rights, titles, interests, privileges, liberties, servitudes, tenements, hereditaments and appurtenances of any nature whatsoever, in any way then or thereafter belonging, relating or pertaining to the Land and the Improvements and the reversion and reversions, remainder and remainders, and all land lying in the bed of any street, road or avenue, opened or proposed, in front of or adjoining the Land, to the center line thereof and all the estates, rights, titles, interests, dower and rights of dower, curtesy and rights of curtesy, property, possession, claim and demand whatsoever, both at law and in equity, of Borrower of, in and to the Land and the Improvements and every part and parcel thereof, with the appurtenances thereto; (e) Fixtures and Personal Property. All machinery, equipment, fixtures (including, but not limited to, all heating, air conditioning, plumbing, lighting, communications and elevator fixtures, inventory and goods) and other property of every kind and nature whatsoever owned by Borrower, or in which Borrower then or thereafter had an interest, then or thereafter located upon the Land and the Improvements, or appurtenant thereto, and usable in connection with the present or future operation and occupancy of the Land and the Improvements and all building equipment, materials and supplies of any nature whatsoever owned by Borrower, or in which Borrower then or thereafter had an interest, then or thereafter located upon the Land and the Improvements, or appurtenant thereto, or usable in connection with the present or future operation and occupancy of the Land and the Improvements (collectively, the "Personal Property"), and the right, title and interest of Borrower in and to any of the Personal Property which may be subject to any security interests, as defined in the Uniform Commercial Code, as adopted and enacted by the State or States where any of the Property is located (the "Uniform Commercial Code"), superior in lien to the lien of this Security Instrument and all proceeds and products of the above; (f) Leases and Rents. All existing and future leases, subleases and/ or subsubleases, lettings, licenses, concessions or other agreements, whether or not in writing, affecting the use, enjoyment or occupancy of all or any part the Land and/or the Improvements theretofore or thereafter entered into and all extensions, amendments and modifications thereto, and every guarantee of the performance and observance of the covenants, conditions and agreements to be performed and observed by the other party thereto, and the right, title and interest of Borrower, its successors and assigns, therein, whether before or after the filing by or against Borrower of any petition for relief under Title 11 U.S.C.A. § 101 et seq. and the regulations adopted and promulgated thereto (as the same may be amended from time to time, the "Bankruptcy Code") (the "Leases") and all right, title and interest of Borrower, its successors and assigns therein and thereunder, including, without limitation, any guaranties of the lessees' obligations thereunder, cash or securities deposited thereunder to secure the performance by the lessees of their obligations thereunder and all rents, additional rents, payments in connection with any termination, cancellation or surrender of any Lease, revenues, issues and profits (including all oil and gas or other mineral royalties and bonuses) from the Land and/or the Improvements whether paid or accruing before or after the filing by or against Borrower of any petition for relief under the Bankruptcy Code and all proceeds from the sale or other disposition of the Leases (the "Rents") and the right to receive and apply the Rents to the payment of the Debt (as defined in that certain Loan Agreement dated as of March 5, 2015 between Borrower and Original Lender [the "Loan Agreement"]); (g) Condemnation Awards. All awards or payments, including interest thereon, which may have theretofore and thereafter been made with respect to the Property, whether from the exercise of the right of eminent domain (including but not limited to any transfer made in lieu of or in anticipation of the exercise of the right), or for a change of grade, or for any other injury to or decrease in the value of the Property; (h) Insurance Proceeds. All proceeds of and any unearned premiums on any insurance policies covering the Property, including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof; for damage to the Property; (i) Tax Certiorari. All refunds, rebates or credits in connection with a reduction in real estate taxes and assessments charged against the Property as a result of tax certiorari or any applications or proceedings for reduction; (j) Conversion. All proceeds of the conversion, voluntary or involuntary, of any of the foregoing including, without limitation, proceeds of insurance and condemnation awards, into cash or liquidation claims; (k) Rights. The right, in the name and on behalf of Borrower, to appear in and defend any action or proceeding brought with respect to the Property and to commence any action or proceeding to protect the interest of Holder in the Property; (l) Agreements. All agreements, contracts, certificates, instruments, franchises, permits, licenses, plans, specifications and other documents, then or thereafter entered into, and all rights therein and thereto, respecting or pertaining to the use, occupation, construction, management or operation of the Land and any part thereof and any Improvements or respecting any business or activity conducted on the Land and any part thereof and all right, title and interest of Borrower therein and thereunder, including, without limitation, the right, upon the happening of any default thereunder, to receive and collect any sums payable to Borrower thereunder; (m) Intangibles. All trade names, trademarks, servicemarks, logos, copyrights, goodwill, books and records and all other general intangibles relating to or used in connection with the operation of the Property; (n) Accounts. All Accounts, Account Collateral (each as defined in the Loan Agreement), reserves, escrows and deposit accounts maintained by Borrower with respect to the Property including, without limitation, the Lockbox Account and the Cash Management Account (each as defined in the Loan Agreement), and all complete securities, investments, property and financial assets held therein from time to time and all proceeds, products, distributions or dividends or substitutions thereon and thereof; (o) Causes of Action. All causes of action and claims (including, without limitation, all causes of action or claims arising in tort, by contract, by fraud or by concealment of material fact) against any Person (as defined in the Loan Agreement) for damages or injury to the Property or in connection with any transactions financed in whole or in part by the proceeds of the Loan (as hereinafter defined); and (p) Other Rights. Any and all other rights of Borrower in and to the items set forth in subsections (a) through (o) above. WHEREAS, the Security Instrument secures, in part, that certain loan (the "Loan") to Borrower made by Original Lender, as evidenced by that certain Promissory Note (Mortgage Loan), (the "Note"), dated as of March 5, 2015 in the original principal amount of $10,795,000.00, executed by Borrower and payable to the order of Original Lender, as such Note was subsequently endorsed and assigned to Holder; and WHEREAS, defaults and Events of Default (as defined in the Loan Agreement) have occurred under the Note, the Security Instrument, the Loan Agreement and the other Loan Documents (as defined in the Security Instrument) and are continuing, specifically including, without limitation, the failure of Borrower to pay the payments due under the Note and the other Loan Documents on the dates on which such payments were due; and WHEREAS, by reason of such defaults and Events of Default, the Maturity Date (as defined in the Loan Agreement) has been, and is hereby, accelerated and the entire Debt declared immediately due and payable in its entirety, and the Security Instrument has become, is, and is hereby subject to foreclosure as provided by law, the Note, the Loan Agreement, and the Security Instrument; and WHEREAS, prior to the consummation of the exercise of the power of sale contained in the Security Instrument and the consummation of the foreclosure sale of the Property, any and all funds, cash, letters of credit and other sums, if any, held by Holder for or on behalf of Borrower, in the Accounts, or in any other escrow, any other reserve or in other accounts established under the Note, the Loan Agreement, the Security Instrument and/or any other Loan Document, for payment of taxes, assessments and other similar charges levied against the Property, insurance, capital improvements, replacements, tenant improvements, leasing commissions or otherwise (collectively, the "Funds") have been or shall be applied by Holder toward payment of the Debt, to the extent provided in the Note, the Loan Agreement, the Security Instrument and the other Loan Documents. NOW,THEREFORE, under and pursuant to the power of sale contained in the Security Instrument and according to the terms of the Security Instrument and the laws in such cases made and provided, Holder will expose the Property (less and except the Funds) for sale, at public sale to the highest bidder, for cash on that certain first Tuesday in August, 2019, being August 6, 2019, during the legal hours for sale, before the courthouse door in Dawson County, Georgia. The Property (less and except the Funds) will be sold subject to the following: 1. All outstanding taxes and assessments, and any additional taxes which result from a reassessment of the Property; 2. Rights and obligations of parties in possession, as tenants only, under unrecorded leases or agreements without rights of first refusal or options to purchase; 3. Easements, maintenance rights, release of damages, and the rights to extract sand, clay, or topsoil as contained in Right of Way Deed from ME. Hendrix, J.A. Hendrix to State Highway Board of Georgia, dated November 4. 1927, filed April 19, 1928 in Deed Book S, Page 23, Dawson County Records; 4. Easements, maintenance rights, release of damages, and the right to extract sand, clay, or topsoil as contained in Right of Way Deed from M.E. & J.A. Hendrix to State Highway Board of Georgia, dated April 18, 1928, filed April 25, 1928 in Deed Book 5, Page 47, Dawson County Records; 5. Right-of-Way Easement from Angie Hendrix to Sawnee Electric Membership Corporation, a corporation, filed May 17, 1961 in Deed Book 1, Page 71, Dawson County Records; 6. Right-of-Way Easement from Harold M. Hendrix to Sawnee Electric Membership, dated March 27, 1998, filed April 20, 1978 in Deed Book 43, Page 677, Dawson County Records; 7. Right-of-Way Easement from H.M. Hendrix to Sawnee Electric Membership Corporation, a corporation, filed June 17, 1985 in Deed Book 81, Page 157, Dawson County Records; 8. Right-of-Way Easement from H.M. Hendrix to Sawnee Electric Membership Corporation, a corporation, dated August 28, 1985, filed September 9, 1985 in Deed Book 82, Page 696, Dawson County Records; 9. Right-of-Way Easement from H.M. Hendrix to Sawnee Electric Membership Corporation, a corporation, dated May 13, 1967, filed May 29, 1967 in Deed Book 6, Page 357, Dawson County Records; 10. Right-of-Way Easement from H.M. Hendrix to Sawnee Electric Membership Corporation, a corporation, dated March 27, 1972, filed May 4, 1972 in Deed Book 18, Page 10, Dawson County Records; 11. Right-of-Way Easement from Cutchin Co. LLC to Sawnee Electric Membership Corporation, dated November 9, 1998, filed January 20, 1999 in Deed Book 296, Page 177, Dawson County Records; 12. Conveyance of access rights as contained in that certain Right of Way Deed from Harold M. Hendrix & Mrs. Leon R. Hendrix to Department of Transportation, dated July 28, 1977, and filed in Deed Book 41, Page 206, Dawson County Records; 13. Terms and provisions of that certain Easement Agreement, by and between Cutchin Company, LLC and PHH Investments, dated October 6, 1995, filed October 12, 1995 in Deed Book 206, Page 404, Dawson County Records; as amended by that certain First Amendment to Easement Agreement by and among Cutchin Company, LLC, WB Dawsonville Associates, LLC, and PHH Investments, dated November 27, 1996, filed December 3, 1996 in Deed Book 229, Page 564, Dawson County Records; 14. Terms, Restrictions and provisions, but excluding Section 4.4, of that certain Easement and Restrictive Covenant Agreement, by and between WB Dawsonville Associates, LLC and Cutchin Company, LLC, dated November 27, 1996, filed December 3, 1996 in Deed Book 229, Page 574, Dawson County Records; as amended by that certain First Amendment, dated January 20, 1998, filed January 22, 1998 in Deed Book 260, Page 255, Dawson County Records; as affected by Memorandum of Option filed December 3, 1996 in Deed Book 229, Page 664, Dawson County Records, and as affected by Affidavit (terminating said Option) filed September 13, 2002 in Deed Book 463, Page 4, Dawson County Records; 15. Terms and provisions of that certain Utility Easement, by and between Cutchin Company, LLC, Highsmith Marks Company, LLC, WB Dawsonville Associates, LLC, and Etowah Water and Sewer Authority, dated December 13, 1996, filed December 17, 1996 in Deed Book 231, Page 67, Dawson County Records; 16. Terms and provisions of that certain Access, Drainage and Sewer Easement Agreement, by and between WB Dawsonville Associates, LLC and Chestatee Capital, LLC, dated November 27, 1996, filed December 3,1996 in Deed Book 229, Page 598, Dawson County Records; 17. Terms and provisions of that certain Agreement, by and between Cutchin Company, LLC and WB Dawsonville Associates, LLC, dated November 27, 1996, filed December 3, 1996 in Deed Book 229, Page 655, Dawson County Records; 18. Terms and provisions of that certain Access Easement Agreement, by and between WB Dawsonville Associates, LLC and Department of Transportation, State of Georgia, dated November 27,1996, filed March 16,1998 in Deed Book 264, Page 495, Dawson County Records; 19. Easement Agreement from WB Dawsonville Associates, LLC to Atlanta Gas Light Company, dated September 6, 2002, filed September 9, 2002 in Deed Book 463, Page 7, Dawson County Records; 20. Easements conveyed to Department of Transportation by Declaration of Taking styled Department of Transportation vs. Edens & Avant Financing II Limited Partnership, et al, Superior Court of Dawson County Docket No. 2014-CV-361-B, dated July 10, 2014, filed September 10, 2014 in Deed Book 1125, Page 130, Dawson County Records; 21. Any facts, rights, interests or claims that may exist or arise by reason of the following matters disclosed by an ALTA/ACSM survey made by Grant Shepherd & Associates, Inc. on January 6, 2015, last revised March 3, 2015, designated Job Number 14-12-0420: (A) Gas lines along the northerly, northwesterly, southerly and southeasterly sides of the Property do not appear to fall within an easement; (B) SS on the southeasterly and easterly sides of the Property does not appear to fall within an easement; (C) Overhead electric on the southerly side of the Property does not appear to fall within an easement; (D) Water easement and gas line (no apparent easement) along the western portion of the Property; 22. All valid zoning ordinances; and 23. All other, if any, easements, limitations, reservations, covenants, restrictions, deeds to secure debt, liens and other encumbrances and matters of public records to which the Security Instrument is junior and subordinate in terms of priority under the laws of the State of Georgia. The Debt remaining in default and the aforesaid defaults and Events of Default continuing, the sale of the Property (less and except the Funds) under and pursuant to the power of sale contained in the Security Instrument will be made for the purpose of applying the proceeds thereof, as provided for in the Security Instrument and pursuant to applicable law. The Property (less and except the Funds) will be sold on an "as is, where is" basis without recourse against Holder 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 Land.