View original fileNOTICE OF DEFAULT AND INTENTION TO SELL
YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION.
On September 16, 2024, David Alan Downum executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for loanDepot.com, LLC, its successors and assigns; which was recorded September 23, 2024, Document No. 2024-07043in the real estate records of Pope County, Arkansas.
A default has occurred due to the failure to make timely payments as required under the terms of the Note and indebtedness. Because of the failure to fully cure the default, the indebtedness was accelerated and is now wholly due. The mortgagee or beneficiary has requested the property be sold to satisfy said indebtedness, together with all fees and costs associated with these proceedings continuing to accrue, pursuant to the terms and conditions of the promissory note and security instrument. The mortgagee or beneficiary has complied with the conditions to exercise the power of sale as set for in ACA §18-50-103. The party initiating this action is loanDepot.com, LLC, 6531 Irvine Center Drive Suite 100, Irvine, CA 92618 , (888) 337-6888
On July 30, 2026, at or about 1:00 PM at the Pope County Courthouse, Russellville, Arkansas, the real property described below will be sold to the highest bidder for the terms described:
THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF POPE, STATE OF ARKANSAS, AND IS DESCRIBED AS FOLLOWS: TRACT 1: A PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER (SW/4 NE/4) OF SECTION 36, TOWNSHIP 8 NORTH, RANGE 19 WEST, POPE COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST (NE) CORNER OF SAID SW/4 NW/4; THENCE SOUTH 89° 11’ 40” WEST, ALONG THE NORTH LINE THEREOF, 716.77 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 19° 28’ 40” EAST, 321.78 FEET; THENCE SOUTH 89° 04’ 15” WEST, 661.05 FEET TO A POINT ON A FENCE; THENCE NORTH 00° 46’ 20” WEST, ALONG A FENCE, 306.26 FEET TO A POINT ON THE NORTH LINE OF SAID SW/4 NW/4; THENCE NORTH 89° 11’ 40” EAST, ALONG SAID NORTH LINE, 557.83 FEET TO THE POINT OF BEGINNING LESS AND EXCEPT: A PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER (SE/4 NW/4) OF SECTION 36, TOWNSHIP 8 NORTH, RANGE 19 WEST, POPE COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST (NE) CORNER OF SAID SW/4 NW/4; THENCE SOUTH 89° 11’ 40” WEST, ALONG THE NORTH LINE THEREOF, 716.77 FEET; THENCE SOUTH 19° 28’ 40° EAST, 321.78 FEET; THENCE SOUTH 89° 04’ 15° WEST, 228.80 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE SOUTH 89° 04’ 15” WEST, 272.25 FEET; THENCE NORTH 0° 55’ 45” WEST, 160.00 FEET; THENCE NORTH 89° 04’ 15” EAST, 272.25 FEET; THENCE SOUTH 0° 55’ 45” EAST, 160.00 FEET TO THE POINT OF BEGINNING. ALSO: A 20.00 FOOT WIDE EASEMENT DESCRIBED AS COMMENCING AT THE NORTHEAST (NE) CORNER OF THE ABOVE DESCRIBED PROPERTY, THENCE SOUTH 89° 04’ 15” WEST, 64.00 FEET TO A POINT ON THE CENTERLINE OF SAID EASEMENT AND THE POINT OF BEGINNING; THENCE NORTH 39° 25’ 35” EAST, ALONG SAID CENTERLINE, 106.19 FEET; THENCE NORTH 78° 42’ 30” EAST, ALONG SAID CENTERLINE, 137.15 FEET TO A POINT ON THE CENTERLINE OF A ROAD AND THE POINT OF TERMINATION. SAID EASEMENT BEING 10.00 FEET EACH SIDE OF THE ABOVE DESCRIBED CENTERLINE. TRACT 2: A PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER (SW/4 NW/4) OF SECTION 36, TOWNSHIP 8 NORTH, RANGE 19 WEST, POPE COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST (NE) CORNER OF SAID SW/4 NW/4; THENCE SOUTH 89° 11’ 40” WEST, ALONG THE NORTH LINE THEREOF, 716.77 FEET; THENCE SOUTH 19° 28’ 40” EAST, 321.78 FEET; THENCE SOUTH 89° 04’ 15” WEST, 228.80 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE SOUTH 89° 04’ 15” WEST, 272.25 FEET; THENCE NORTH 00° 55’ 45” WEST, 160.00 FEET; THENCE NORTH 89° 04’ 15” EAST, 272.25 FEET; THENCE SOUTH 00° 55’ 45” EAST, 160.00 FEET TO THE POINT OF BEGINNING. ALSO: A 20.00 FEET WIDE EASEMENT DESCRIBED AS COMMENCING AT THE NORTHEAST (NE) COMER OF THE ABOVE DESCRIBED PROPERTY; THENCE SOUTH 89° 04’ 15” WEST, 64.00 FEET TO A POINT ON THE CENTERLINE OF SAID EASEMENT AND THE POINT OF BEGINNING; THENCE NORTH 39° 25’ 35” EAST, ALONG SAID CENTERLINE, 106.19 FEET; THENCE NORTH 78° 42’ 30° EAST, ALONG SAID CENTERLINE, 137.15 FEET TO A POINT ON THE CENTERLINE OF A ROAD AND THE POINT OF TERMINATION. SAID EASEMENT BEING 10.00 FEET EACH SIDE OF THE ABOVE DESCRIBED CENTERLINE. AND A PART OF THE SOUTHWEST QUARTER OF THE NORTHWEST QUARTER (SW 1/4 NW 1/4) OF SECTION 36, TOWNSHIP 8 NORTH, RANGE 19 WEST, POPE COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST (NE) CORNER OF SAID SW 1/4 NW 1/4; THENCE SOUTH 89° 11’ 40” WEST, ALONG THE NORTH LINE THEREOF, 716.77 FEET; THENCE SOUTH 19° 28’ 40” EAST, 321.78 FEET TO THE POINT OF BEGINNING; THENCE SOUTH 0° 45’ 25” WEST, 330.00 FEET; THENCE SOUTH 89° 04’ 15” WEST, 652.24 FEET TO THE POINT ON A FENCE; THENCE NORTH 0° 46’ 20” WEST ALONG SAID FENCE, 329.86 FEET; THENCE NORTH 89° 04’ 15” EAST, 661.05 FEET TO THE POINT OF BEGINNING, CONTAINING 4.97 ACRES, MORE OR LESS. SUBJECT TO A 30.00 FEET WIDE EASEMENT ALONG THE WEST AND EAST SIDES OF THE ABOVE DESCRIBED PROPERTY.
More commonly known as: 15 Hidden Springs Road, Russellville, AR 72802
The Purchaser of said property shall pay the price bid with certified funds paid at the conclusion of the sale and shall assume all transfer taxes and recording fees. If the sale is rescinded for any reason, the purchaser shall be entitled to any funds paid and shall have no further recourse.
The property is sold “as is” and is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fixture filing; and to any matter that an accurate survey of the premises might disclose.
The right is reserved to adjourn the day of the sale to another day, time and place certain without further publication, upon announcement at the time and place for the sale set forth above. In the event of inclement weather, the right is reserved to postpone the sale to a date to be specified via mailed notices.
Foundation Legal Group, LLP fka
WILSON & ASSOCIATES, P.L.L.C.
400 West Capitol Ave.
Suite 1400
Little Rock, AR 72201
(866) 501-9462
Email: questions@thefoundationlegalgroup.com
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