NOTICE OF PUBLIC SALE
NOTICE OF PUBLIC SALE IS HEREBY GIVEN: THAT the undersigned, counsel for Paragon Commercial Bank, intends to sell 90 shares of Paragon Commercial Bank private stock to the highest qualified bidder at a public auction on October 14, 2013 at 11:00 a.m. at the usual place of sale at the WAKE County Courthouse, pursuant to N.C. Gen. Stat. § 25-9-610.
The sale shall be made subject to all prior liens, restrictions and easements of record, as well as unpaid taxes and assessments, if any. Any successful bidder may be required to deposit with the undersigned, immediately upon conclusion of the sale, a cash deposit of five (5%) percent of the bid or $750.00, whichever is greater. If the successful bidder fails to make the required deposit, the property will be immediately reoffered for sale. Any successful bidder shall be required to tender the full balance of the purchase price so bid in cash or by certified check at the time the Bank tenders the property or attempts to tender such property, and should said successful bidder fail to pay the full balance of the purchase price so bid at that time, he shall remain liable on his bid.
Philip W. Paine, Esq.
Jordan Price Wall Gray Jones & Carlton, PLLC
Attorneys for Paragon Commercial Bank
PO Box 10669
Raleigh, North Carolina 27605
Oct. 3, 10, 2013
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