Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ared-3_06-cv-00027/USCOURTS-ared-3_06-cv-00027-1/pdf.json

Nature of Suit Code: 220
Nature of Suit: Foreclosure
Cause of Action: 28:1345 Foreclosure

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IN THE UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF ARKANSAS

JONESBORO DIVISION

UNITED STATES OF AMERICA PLAINTIFF

v. No. 3:06CV00027 JMM/HDY

MARK ANTHONY TERRELL, Individually, 

and as President and Secretary of MARK A. 

TERRELL, INC., and his spouse, if any; 

and JEAN ELIZABETH TERRELL and

her spouse, if any; CROSS COUNTY BANK, 

Wynne, Ark.; HERITAGE BANK, Jonesboro, 

Ark.; CITY OF HARRISBURG dba Harrisburg

Water Gas Division, Poinsett County, Ark.;

LIBERTY BANK OF ARKANSAS, Jonesboro,

Ark.; UNICO BANK, Paragould, Arkansas; and 

CITIBANK SOUTH DAKOTA, N.A., Sioux 

Falls, South Dakota DEFENDANTS

JUDGMENT

Pursuant to the Court's February 2, 2007, Order granting the plaintiff's Motion for

Summary Judgment, and the Application for Default as to Jean Elizabeth Terrell, it is hereby

ORDERED, DECREED AND ADJUDGED:

1. The Court has jurisdiction over the parties and over the property which is the subject

of this cause of action. 

2. Defendants, Mark A. Terrell, Jean E. Terrell, and Mark A. Terrell, Inc., are in default

on their obligation to plaintiff and are indebted to the United States of America, Farm Service

Agency, U. S. Department of Agriculture, in the principal sum of $39,093.91, interest in the sum

of $3,407.80 accrued through December 15, 2006, and to date of this judgment at the daily rate

of $3.8634, and thereafter at the statutory rate pursuant to 28 U.S.C. Section 1961, advances and

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recoverable charges, plus any additional advances and recoverable charges made during the

pendency of this action for taxes, protection and maintenance of the subject property, and the

costs of this action. Plaintiff, United States of America, Farm Service Agency, is hereby awarded

judgment in rem against the property described herein for the above sums. No personal judgment

having been requested, none is rendered.

3. The above-described indebtedness due and owing to the United States of America,

U.S. Department of Agriculture, Farm Service Agency, is secured by a mortgage recorded in the

records of the Circuit Clerk and Recorder for Poinsett County, Arkansas, on September 30, 2003,

as Instrument No. 03-4241. Plaintiff's mortgage constitutes a first lien, which is paramount and

superior to all right, title, claim, interest, estate, equity or statutory right of redemption, dower,

curtesy and homestead of all of the defendants, and each of them, and all persons claiming by or

through them, in and to the following described property in Poinsett County, Arkansas:

Lot 9, Block 1 of Duck Water Estates to the City of Harrisburg,

Arkansas, as shown on plat of record in Plat Envelope S97A.

together with all improvements and appurtenances thereon.

4. The defendant, Cross County Bank, has a second lien on the above-described property

by virtue of a judgment against DTK, Inc. and Mark A. Terrell, Individually, recorded in the

Circuit Court of Poinsett County, Arkansas, on November 21, 2002. Cross County Bank’s

interest is subordinate and inferior to that of Plaintiff through a subordination agreement filed on

October 1, 2003, as Instrument No. 03-4245. 

5. The defendant, Liberty Bank of Arkansas, has third and fourth liens on the abovedescribed property by virtue of two judgments against Southridge Development of NEA, Inc.,

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and Mark A. Terrell, individually, recorded in the Circuit Court of Poinsett County, Arkansas, on

March 22, 2004, and March 14, 2005, as Instrument No. C 05-0594, Judgment Docket “M” at

page 348 (Case CV 03-281). Liberty Bank of Arkansas’ interest is subordinate and inferior to

that of Plaintiff. 

6. The defendant, Jean Elizabeth Terrell, has two judgments recorded in the Circuit

Court of Poinsett County as Instrument Nos. C04-0668 and C0-1308, against Mark A. Terrell

filed March 30, 2004, and June 3, 2004. Jean Elizabeth Terrell’s interest is subordinate and

inferior to that of Plaintiff.

7. The defendant, Heritage Bank, has a lien on the above-described property by virtue of

two judgments against Southridge Development of NEA, Inc. and Mark A. Terrell, Individually,

recorded in the Circuit Court of Poinsett County, Arkansas, on July 23, 2004, and July 26, 2004. 

Heritage Bank’s interest is subordinate and inferior to that of Plaintiff.

8. The defendant, Unico Bank, has a lien on the above-described property by virtue of a

judgment against Mark Andy Terrell, recorded in the Circuit Court of Poinsett County, Arkansas,

on June 14, 2005. Unico Bank’s interest is subordinate and inferior to that of Plaintiff.

9. The defendant, Citibank South Dakota, N.A., has a lien on the above-described

property by virtue of a default judgment against Mark Terrell, recorded in the Circuit Court of

Poinsett County, Arkansas, on November 30, 2005. Citibank South Dakota, N.A.’s interest is

subordinate and inferior to that of Plaintiff . 

10. The Internal Revenue Service holds a Notice of Federal Tax Lien on Andy and Jean

Terrell filed October 14, 2005, with the Poinsett County Circuit Clerk and Recorder in Lien Book

M, page 518, in the principal amount of $63,666.84, and any sale must be subject thereto in that

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no authority exists for the USDA, Farm Service Agency, to foreclose same, and there are no

cross complaints seeking to foreclose same.

11. If the above-described indebtedness due plaintiff United States of America is not paid

within 10 days from this date, the United States Marshal is directed to sell the above-described

property at public auction to the highest bidder for cash, or on a credit of 30 days, at the South

door of the Poinsett County Courthouse, Harrisburg, Arkansas. The date and time of such sale

shall be fixed by the Marshal. If purchased on credit, payment of the purchase price shall be

secured by one of the following methods, at the purchaser's option: furnish a corporate surety

bond, or furnish a letter of credit from a financial institution, or post a 10% cash down payment. 

The corporate surety bond and letter of credit shall be in the amount of the purchase price, plus

interest at the rate of 10% per annum from date of sale, and shall be subject to the approval of the

U. S. Marshal. The 10% cash down payment shall be forfeited in the event of failure to pay for

the property within 30 days, in which event the Marshal shall resell the property. In the event of

a cash down payment, the purchaser shall pay interest on the balance of the purchase price at the

rate of 10% per annum from date of sale. A lien against the property shall be retained to further

secure payment of the purchase money. The property shall be sold subject to any unpaid property

taxes, and to the lien of the Internal Revenue Service. If the plaintiff shall become the purchaser

at such sale for a sum equal to or less than the indebtedness owed to plaintiff as of the date of

sale, plaintiff may credit its bid against the amount of the debt and such credit shall be an

extinguishment of the debt to the extent of such credit. The Marshal shall give notice of the sale

as required by 28 U.S.C. §2002, and shall forthwith report the result of the sale to the Court.

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12. Upon the sale of the above-described real property, all right, title, claim, interest,

estate and equity or statutory right of redemption, and all rights of homestead, curtesy and dower

of all of the defendants herein, and each of them, and all persons claiming by or through them, in

and to said property and every part thereof shall from that date be foreclosed and forever barred.

13. The purchaser at said sale shall be given possession upon demand and the Clerk of

this Court is hereby authorized and directed to issue writs of assistance to the United States

Marshal for the Eastern District of Arkansas, who will proceed to place the purchaser in

possession of said property.

14. The sale proceeds, after expenses of sale, shall be paid to the plaintiff United States

of America to the extent of the indebtedness owed to the United States of America, U.S.

Department of Agriculture, Farm Service Agency. Any surplus shall be retained by the U. S.

Marshal subject to further orders of the Court for distribution to the subordinate lien holders

under the priorities set forth above.

15. The Court retains jurisdiction of this cause for the making of such further orders as

may be necessary to effectuate this judgment.

DATED this 6 day of February, 2007.

_______________________________

UNITED STATES DISTRICT JUDGE

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