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NOTICE OF PUBLIC SALE OF COLLATERAL BY ORDER OF SECURED PARTY
TO: Deborah J. Tompkins (“Borrower”)
c/o Pamela Barr
17 Wood Eden Lane
Blufton, SC 29910
FROM: Stearns Bank National Association (“Secured Party”)
4140 Thielman Ln.
St. Cloud, MN 56301
NAME OF
DEBTOR: Deborah J. Tompkins
Pursuant to Sections 610, 611 and 613 of the Florida Uniform Commercial Code (Fla. Stat. §§ 679.610, 679.611 and 679.613), notice is hereby given that on July 24, 2023, at 10:00 a.m., EDT, in the Conference Room of Bradley Arant Boult Cummings LLP, 100 N. Tampa Street, Suite 2200, Tampa, FL 33602, Secured Party will offer for sale to the highest qualified bidder the Collateral owned by Borrower and described on Exhibit “A” attached hereto (the “Collateral”).
The sale may be continued from time to time, without further notice other than as given at the scheduled sale, at the sole and absolute discretion of Secured Party. Closing shall occur immediately after the auction if Secured Party (or its nominee) is the highest bidder, and will occur no later than the close of business on July 24, 2023, if Secured Party is not the highest bidder.
TERMS OF PUBLIC SALE
Each interested bidder shall deposit $1,000.00 by cashier's or certified check with Secured Party prior to bidding, with all deposits (except that of the highest bidder) returned at the conclusion of the bidding process. The deposit of the highest bidder shall be non-refundable, with the balance of the bid payable by cashier's or certified check, or by wire transfer at the closing. If the successful bidder fails to close, the initial deposit is forfeited, and the Collateral, at secured party's option, may be sold to the next highest bidder. Secured Party, either directly or indirectly through nominees or assigns, reserves the right to bid at any such sale without cash, certified or cashier's check deposit, as required for other bidders, and to take title through one or more nominees or assigns.
The Collateral shall be sold as is and where is, and all warranties of quality, fitness and merchantability are hereby excluded. The Collateral will be sold only as a block to a single purchaser and will not be split up or broken down. The purchaser of the Collateral will be required to acknowledge and represent that: (1) the purchaser, either alone or with the purchaser's attorneys, accountants or other advisors, possess the requisite business and investment knowledge and expertise and experience to effectively evaluate the potential risks and merits of the investment; and (2) the purchaser has sufficient financial ability and net worth to bear the economic risk of the investment. Other terms of this public sale may be announced at the public sale.
Borrower is entitled to an accounting of the unpaid indebtedness secured by the Collateral that Secured Party intends to sell. Borrower may request an accounting by calling Lauren G. Raines, Bradley Arant Boult Cummings LLP, (813) 559-5500, following the public sale. For further information, interested parties should contact Lauren G. Raines, Bradley Arant Boult Cummings LLP, (813) 559-5500 (phone) or [email protected].
Exhibit “A”
1980 Tropicana (Serial Number 2783A)
Located at: 7100 Ulmerton Rd Lot 1203
Largo, FL 33771
1980 Tropicana Manufactured Home (Serial Number 2783A, 2783B & 2783C) whether any of the foregoing is owned now or acquired later; all accessions, additions, replacements, and substitutions relating to any of the foregoing; all records of any kind relating to any of the foregoing; all proceeds relating to any of the foregoing (including insurance, general intangibles and accounts proceeds)
1980 Tropicana (Serial Number 2783B)
Located at: 7100 Ulmerton Rd Lot 1203
Largo, FL 33771
1980 Tropicana (Serial Number 2783C)
Located at: 7100 Ulmerton Rd Lot 1203
Largo, FL 33771
July 21, 2023 23-03128N