Wood & Meredith, LLP. - http://www.woodandmeredith.com/
[Back to W&M Legal Forms]

DEED UNDER POWER OF SALE
(Use After Foreclosure Sale)

STATE OF GEORGIA

COUNTY OF (1)

DEED UNDER POWER OF SALE

THIS INDENTURE, made this (2) day of

(3) , 20-, by (4) [Debtor] (hereinafter

referred to as "Borrower"), acting through (5)

[Lender] duly appointed agent and attorney-in-fact, (hereinafter referred to as "Lender"), as party of the first part, and (6) [Purchaser] as party of the second part;

WITNESSETH:

WHEREAS, Borrower executed and delivered to (7) [Lender] a certain Deed to Secure Debt (hereinafter referred to as the "Security Deed"), dated (8) , 20-, recorded in Deed Book (9) , Page (10) (11) County, Georgia Records,

conveying the after-described property, to secure the payment of a Note dated (12) , 20-, (hereinafter

referred to as the "Note"), in the original principal amount of (13) Dollars ($ (14) ); and WHEREAS, default under the Note occurred and by reason of such default Lender elected, pursuant to the terms of the Security Deed and Note, to declare the entire principal and interest immediately due and payable; and

WHEREAS, said entire indebtedness still being in default, Lender, on behalf of Borrower, and according to the terms of the Security Deed, did advertise said property for sale once a week for four weeks in a newspaper in (15) County, Georgia, wherein the Sheriff carried his advertisement, namely (16) [Name of Newspaper], said dates of publication being (17) , (18) (19) , and (20) ; and

WHEREAS, (21) [Lender], as attorney-in-fact for Borrower, did expose said property for sale at public outcry to the highest bidder for cash on the first Tuesday in (22) , 20-, within the legal hours of sale at the

usual place for conducting Sheriff's sales in (23) County before the Courthouse door at (24) , Georgia, in said county, at which said party of the second part was the highest and best bidder at and for the sum of (25) Dollars ($ (26) ) cash, and said property was then and there knocked off and sold for said sum.

NOW, THEREFORE, for and in consideration of the foregoing premises and said sum of money and by virtue of and in the exercise of the power of sale contained in the Security Deed, the party of the first part has bargained, sold, granted and conveyed, and by these presents does hereby bargain, sell, grant and convey to the party of the second part, its successors, representatives, heirs and assigns the property described on Exhibit "A" attached hereto and incorporated herein by reference.

Together with all and singular the rights, members and appurtenances thereto appertaining; also, all the estate, right, title, interest, claim or demand of Borrower, Borrower's representatives, heirs, successors and assigns, legal, equitable or otherwise whatsoever, in and to the same.

TO HAVE AND TO HOLD the said premises and every part thereof unto said party of the second part, its representatives, heirs, successors and assigns, to its own proper use, benefit and behoof in FEE SIMPLE, in as full and ample a manner as Borrower or Borrower's representatives, heirs, successors or assigns did hold and enjoy the same.

The notice of foreclosure sale as required by Georgia law in the form of a copy of the Notice of Sale Under Power submitted to the publisher was provided to Borrower at least fifteen (15) days prior to the foreclosure sale date.

IN WITNESS WHEREOF, (27) [Lender], as Agent and Attorney-in-Fact for Borrower, has hereunto affixed its hand and seal the day and year first above

written.

Signed, sealed and

delivered (28) [Lender], As

in the presence of: Attorney-in-Fact for

Borrower

(29) By: (30)

Unofficial Witness Name: (31)

Title: (32)

Notary Public Attest: (33)

(34) Name: (35)

(NOTARY SEAL) Title: (36)

My Commission Expires: [LENDER'S SEAL]

(37)

Wood & Meredith, LLP. - http://www.woodandmeredith.com/
[Back to W&M Legal Forms]