Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-ared-1_05-cv-00017/USCOURTS-ared-1_05-cv-00017-0/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

NORTHERN DIVISION

UNITED STATES OF AMERICA PLAINTIFF

v. No. 1:05CV00017 SWW

MARY FERGUSON, WIDOW OF

ROY J. FERGUSON, DECEASED;

CINDY JEAN CARTWRIGHT, AND

FAY HOLMES, HEIRS OF 

ROY J. FERGUSON, DECEASED

and THEIR SPOUSES, IF ANY DEFENDANTS

JUDGMENT

Pending before the Court is the application of the plaintiff, United States of America,

for default judgment together with an affidavit showing that the defendants Mary Ferguson,

Widow of Roy J. Ferguson, Deceased, Cindy Jean Cartwright and Fay Holmes and their

Spouses, if any, are not infants, incompetent persons and are not in the military service of

the United States. Said defendants, after having been properly served, have not answered,

appeared herein or otherwise made any defense to the plaintiff's complaint and is wholly in

default. It is therefore, 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. The obligations due and required under the promissory note and mortgage

executed by Roy J. Ferguson, now deceased are delinquent. There is now due and owing to

the United States of America, U.S. Department of Agriculture, Rural Development,

formerly known as Farmers Home Administration, in the principal sum of $40,154.24, and

interest in the sum of $4,474.46, accrued to March 25, 2005, and thereafter at the daily rate

of $8.25 to date of this judgment and thereafter at the statutory rate pursuant to 28 U.S.C.

§1961, plus advances and recoverable charges in the sum of $1,442.17, any additional

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advances and recoverable charges made during the pendency of this action for protection

and maintenance of the subject property, and the costs of this action. Plaintiff United States

of America, U.S. Department of Agriculture, Rural Development, formerly Farmers Home

Administration, is hereby awarded judgment in rem against the property described herein for

the above-mentioned sums. No personal judgment having been prayed for, none is rendered. 

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

U.S. Department of Agriculture, Rural Development, formerly Farmers Home

Administration, is secured by a mortgage recorded in the records of the Circuit Clerk and

Recorder for Jackson County, Arkansas, recorded December 11, 1997, in Book 291, Page

118. 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 the defendants, and all persons claiming by or through them, in and to the

following described property in Jackson County, Arkansas:

The South 50 feet of Lots 13, 14, 15, 16, 17 and 18, Block “B” Gustave Jones’

Lakeview Addition to the City of Newport, Jackson County, Arkansas.

(Street Address: 1115 Congress, Newport, AR 72112)

together with all improvements and appurtenances thereon.

4. 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 West Main Street door of the Jackson County Courthouse, Newport, 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

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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. 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.

5. 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.

6. 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.

7. 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, Rural Development, formerly Farmers Home

Administration. Any surplus shall be retained by the U. S. Marshal subject to further orders

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of the Court.

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

may be necessary to effectuate this judgment.

DATED this 15th day of August, 2005.

/s/Susan Webber Wright

UNITED STATES DISTRICT JUDGE

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