Newspaper article THE JOURNAL RECORD

Sheriffs Sale

Newspaper article THE JOURNAL RECORD

Sheriffs Sale

Article excerpt

(56094)

NOTICE OF SHERIFF`S SALE No. CJ-88-3071

NOTICE IS GIVEN that on the 24th day of October, 1989, at 2 o`clock p.m., at the Oklahoma County Courthouse, Oklahoma City, Oklahoma, the undersigned Sheriff of said County will offer for sale and sell, with appraisement, for cash at public auction, to the highest and best bidder, all that certain real estate in Oklahoma County, Oklahoma, to wit:

Parcel 1 -- Lot Six (6) in Block Eleven (11) in WESTERN VILLAGE SECTION 2, an addition to Oklahoma City, Oklahoma County, Oklahoma, according to the recorded plat thereof. Street address known as 1121 N.W. 105th, Oklahoma City, OK

Subject to a first mortgage in favor of National Old Line Insurance Company, in the principal amount of $25,266.00.

subject to unpaid taxes, if any, and advancements by Plaintiff for necessary expenses, said property having been duly appraised at $55,000.00 and

Parcel 2 -- The West 15 feet of Lot Eleven (11), all of Lot Twelve (12) and the East 15 feet of Lot Thirteen (13), of Block Two (2), in CUTLER`S ADDITION to the City of Oklahoma City, Oklahoma County, Oklahoma, according to the recorded plat thereof. Street address known as 1400 N.E. 38th, Oklahoma City, OK. Subject to a first mortgage in favor of Prudential Insurance Company of America, in the principal amount of $5,250.00.

subject to unpaid taxes, if any, and advancements by Plaintiff for necessary expenses, said property having been duly appraised at $22,000.00. The aforesaid sums above are the ``Gross Appraised Value`` of the properties herein. These properties are subject to first mortgages held by National Old Line Insurance Company (Parcel 1) in the current amount of $25,266.00, and Prudential Insurance Company of America (Parcel 2), in the current amount of $5,250.00, respectively. Therefore, the Net Appraised Equity Value of the properties is the gross appraised value less the current balance of the first mortgage. In order to satisfy Oklahoma Statutes requiring a bid of more than 2/3 of the appraised value of the property, a bid in an amount which is more than 2/3 of the Net Appraised Equity Value on this property will be required, and said property will be purchased at said Sheriff`s Sale, subject to the first mortgages aforementioned. …

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