- good neighbor
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WHEREAS, Good Neighbor Apartments, LLC, by Deed of Trust (the “Deed of Trust”), dated October 28, 2021, and recorded on October 29, 2021, in Record Book 864 at Page 171, Instrument # 230095 in the Register of Deeds Office of Marshall County, Tennessee; and, conveyed to Rusty Thompson, Trustee, the hereinafter described real property to secure the payment of a certain Promissory Note (the “Note”) described in the Deed of Trust, which Note was payable to, Listerhill Credit Union, and
WHEREAS, McPhail Sanchez, LLC has been duly appointed Substitute Trustee by the owner and holder of the Note by instrument recorded in Record Book 917 at Page 801, Instrument # 263082 Marshall County, Tennessee;
WHEREAS, default has been made in the payment of the Note; and
WHEREAS, the owner and holder of the Note has demanded that the hereinafter described real property be advertised and sold in satisfaction of the indebtedness and costs of foreclosure in accordance with the terms and provisions of the Note and Deed of Trust.
NOW, THEREFORE, notice is hereby given that an agent of McPhail Sanchez, LLC, Substitute Trustee, pursuant to the power, duty, and authority vested in and conferred by the Deed of Trust, on April 21, 2026 at 1:00 PM at the Marshall County Courthouse, Lewisburg, TN will be sold to the highest call bidder for cash free from all legal, equitable and statutory rights of redemption, exemptions of homestead, rights by virtue of marriage, and all other exemptions of every kind, all of which have been waived in the Deed of Trust, certain real property located in Marshall County, Tennessee, described as follows:
Being a property located in the 3rd Civil District of Marshall County, Tennessee as recorded in Record Book 716, Page 717 located on the South side of the Lewisburg Public Square across from the Marshall County Courthouse, and being described more particularly below:
Commencing at a railroad spike found on the South side of an Eleven foot service alley; thence along the South edge of the service alley S 82°33'35” E, 123.03 feet to a railroad spike found at the intersection of the right of way of 1st Ave, and the South right of way of the Eleven foot service alley; thence N 75°00'50” W, 83.36 feet to the South East corner of a brick building on the North right of way of the Eleven foot service alley which is The Point of Beginning; thence with the North side of the service alley N 82°33'35” W, 41.00 to a MAG Nail with disc inscribed,” Cliff McGill RLS 2699” set at the intersection of the East-West service alley with the right of way of an Eleven foot service alley which runs North-South through the middle of the block; thence along the Eleven foot service alley N 07°36'23” E, 130.49 feet to a MAG Nail with disc inscribed,” Cliff McGill RLS 2699” set at the intersection of the service alley right of way, and the South right of way of West Commerce St; thence with the South right of way of West Commerce St. S 82°43'30” E, 41.00 feet to MAG Nail with disc inscribed,” Cliff McGill RLS 2699” set on the South right of way of West Commerce St. at the Northeast corner of the subject property, the Northwest corner of Douglas Gene Parsons, Deed Book 657, Page 433 in the Marshall County Register of Deeds; thence along Parons's West line between the building faces 07°36'23” W, 130.61 feet to the Point of Beginning containing 0.12 acres per survey of Cliff McGill RLS 2699 dated 6/25/2021.
Being a portion of the same property conveyed to Peoples and Union Bank, a Tennessee Banking Corporation by Deed from Martha Murray, Ida Murray and Lillie Murray of record in Book I-4, Page 208 Register's Office for Marshall County, Tennessee, dated November 20, 1947 and recorded on November 22, 1947. (Value or consideration as shown in aforementioned deed $65,000.00.) Being a portion of the same property conveyed to F & M West, Inc., a Tennessee Corporation by Warranty Deed from First Farmers and Merchants Bank of record in Book 716, Page 717 Register's Office for Marshall County , Tennessee, dated July 31, 2017 and recorded on July 31, 2017.
Being the same property conveyed to Good Neighbor Apartments, LLC, a Tennessee limited liability company by Special Warranty Deed from F & M West, Inc. of record in Book 861, Page 573, Register's Office for Marshall County, Tennessee, dated August 26, 2021 and recorded on August 27, 2021. Being also known as 111 West Commerce St Lewisburg, Tennessee 37091.
The property is located in Marshall County at 111 W Commerce Street, Lewisburg, Tennessee 37091.
The instrument constituting the source of the Borrower's interest in the foregoing described property was recorded at Book 861, Page 573 under Instrument No., in the Register's Office of County, Tennessee.
Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, wells, ditches and water stock, crops, timber including timber to be cut now or at any time in the future, all diversion payments or third party payments made to crop producers and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described (all referred to as Property). This Security Instrument will remain in effect until the Secured Debts and all underlying agreements have been terminated in writing by Lender.
The street address of the above-described property is believed to be 111 W Commerce St., Lewisburg, TN 37091 but if such address is not part of the legal description of the property sold herein and in the event of any discrepancy, the legal description herein shall control.
Owner of Property: Good Neighbor Apartments, LLC
Property ID: APN 064P-E-031.00
This sale is subject to any unpaid taxes, if any, any prior liens or encumbrances, leases, easements and all other matters which take priority over the deed of trust under which this foreclosure sale is conducted, including but not limited to the priority of any fixture filing. If the U.S. Department of the Treasury/Internal Revenue Service, the State of Tennessee Department of Revenue, or the State of Tennessee Department of Labor and Workforce Development are listed as interested parties in the advertisement, then the notice of this foreclosure is being given to them, and the sale will be subject to the applicable governmental entities right to redeem the property, all as required by 26 U.S.C. 7425 and T.C.A. 67-1-1433. The notice requirements of T.C.A. 35-5-101 et seq. have been met.
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. The trustee/substitute trustee reserves the right to rescind the sale.
This sale 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.
All right of equity of redemption, statutory and otherwise, and homestead are expressly waived in said Deed of Trust, and the title is believed to be good, but the undersigned will sell and convey only as Substitute Trustee. 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.
ATTENTION ALL PROSPECTIVE BIDDERS: On March 1, 2026, the data collection and reporting requirements under the U.S. Financial Crimes Enforcement Network (FinCEN) new Anti-Money Laundering Rule (Rule), found at 89 FR 70258, will go into effect. The Rule applies to certain residential real estate sale transactions (including some that go beyond the typical one-to-four family residence) where the transfer is to a legal entity or trust, and which includes cash purchases, private financing or financing provided by an institution not subject to a federal Anti-Money Laundering or Suspicious Activity Report requirement. As part of this Rule, buyers and sellers are required to provide additional information and documentation about themselves, their legal entities, and/or the source of funds used in the reportable transaction. The collection of this information and documentation is required to comply with the Rule's federal reporting requirements. This notice is provided for informational purposes only and does not constitute legal advice. You are encouraged to consult with your own independent legal counsel if you have questions about how the FinCEN Anti-Money Laundering Rule affects your transaction and whether your transaction is reportable.
The sale will be conducted subject (1) to confirmation that the sale is not prohibited under the U.S. Bankruptcy Code, (2) to final confirmation and audit of the status of the loan with the holder of the Deed of Trust, and (3) to confirmation that the successful bidder has timely provided all information required by the Rule, 89 FR 70258. The Substitute Trustee, on behalf of the holder of the Deed of Trust, reserves the right to rescind the foreclosure sale at its own discretion.
This Notice of Sale is being published pursuant to Tennessee Code Annotated Section 35-5-101 at http://www.TNLegalPub.com.
Publication Dates: 03/19/2026 & 03/26/2026 .
McPhail Sanchez, LLC, Substitute Trustee
126 Government Street
Mobile, AL 36602
251-438-2333
- 03/10/2026
- 04/21/2026
- 111 W Commerce Street
- Lewisburg
- 37091
