NOTICE OF SUBSTITUTE TRUSTEE’S SALE
31107 UNITY ROAD, SEDLEY, VA 23878

By virtue of the Power and authority contained in a Deed of Trust from PEGASUS AVIATION, INC., dated September 21, 2011, and recorded in Instrument No. 110002244 in the Clerk’s Office of the Circuit Court for Southampton, Virginia, with an original principal balance of $85,000.00, the holder of the indebtedness secured by said Deed of Trust having appointed as Substitute Trustee STEVEN L. BROWN, by instrument duly executed, acknowledged and delivered, default having occurred under the terms thereof, and at the written request of the party secured thereby, the Substitute Trustee will offer for sale at public auction at the front steps of the Circuit Court for Southampton County, 22350 Main Street, Courtland, Virginia, 23837, on

May 18, 2016 at 11:00 a.m.

Improved real property known as 31107 Unity Road, Sedley, VA 23878, and more fully described as:

All that certain lot, tract or parcel of land lying situate and being in Berlin-Ivor Magisterial District, Southampton County, Virginia, containing 5.0 acres of land by actual survey, as shown on plat entitled, “Plat Showing Property of Merle R. Holt and Roberta C. Holt, Berlin-Ivor Magisterial District, Southampton County, Virginia, Scale 1” = 100’, dated March 2, 1974, Survey by J. E. Henry, C.L.S, a copy of said plat being recorded in the Clerk’s Office of the Circuit Court of Southampton County, Virginia, and said tract being more particularly bounded and described in accordance with said plat as follows: Beginning at a point, an iron pin, on Virginia State Route 603, a corner for the parcel herein being conveyed, Virginia State Route 603, and other lands of the Ulysses Bradshaw Estate; thence along Virginia State Route 603 N. 76 degrees 24’ W. 331.3’ to a point, an iron pin found, which point serves as a corner for Virginia State Route 603, the lands of William L. Reese, Jr., and the herein conveyed parcel of land; thence N. 23 degrees 50’ E. 315.6’ to a point, an iron pin found, which point serves as a corner for the lands of William L. Reese, Jr., other lands of the Ulysses Bradshaw Estate and the parcel herein conveyed; thence continuing N. 23 degrees 50’ E., 421.7’ alongside other lands of Ulysses Bradshaw Estate and the parcel herein conveyed to a point, an iron pin; thence S. 70 degrees 04’ E. 279.2’ alongside other lands of the Ulysses Bradshaw Estate and the parcel herein being conveyed to a point, an iron pin; thence S. 19 degrees 56’ W. 699.0’ alongside other lands of the Ulysses Bradshaw Estate and the parcel herein being conveyed to a point, an iron pin, the point of beginning.

The address of this property is 31107 Unity Road, Sedley, VA 23878

TERMS OF SALE: Cash. A deposit of $8,000.00 or ten percent (10%) of the sale price, whichever is lower, in cash or certified check payable to the Substitute Trustee shall be required of the successful bidder at the time of sale before the bidding will be closed. The balance of the purchase price will be due within fifteen (15) days of sale.

Written notice of this Substitute Trustee’s sale, as required by Section 55-59.1 of the 1950 Code of Virginia, as amended, has been sent to the property owners as their addresses appear in the records of the noteholder, and to all parties prescribed therein.

Additional terms of sale will be announced at the sale.

STEVEN L. BROWN, Wolcott Rivers Gates, 200 Bendix Road, Suite 300, Virginia Beach, VA 23452, (757) 497-6633, FOR INFORMATION CONTACT: Steven L. Brown Wolcott Rivers Gates, 200 Bendix Road, Suite 300, Virginia Beach, VA 23452, (757) 497-6633.