D FALCON, TRACT 15.02; 9.82 ACRES
Bedrooms
Bathrooms
Sq Ft
Year Built
FILED FOR REL KAUFMAN CO. TEXAS NOTICE OF TRUSTEE’S SALE AND —U@D AUG 12 AN 9:53 APPOINTMENT OF SUBSTITUTE TRUSTEE ayaq a. HUGHES COUNLY CLERK ACTIVE MILITARY SERVICE NOTICE: DEPUTY Assert and protect your rights as a member of the armed forces of the United States. If you are or your spouse is serving on active military duty, including active military duty as a member of the Texas National Guard or the National Guard of another state or as a member of a reserve component of the armed forces of the United States, please send written notice of the active duty military service to the sender of this notice immediately. WHEREAS on April 29, 2024, Cope Equities, LLC, a Texas limited liability company (“Grantor”) executed that certain Deed of Trust, Security Agreement, Assignment of Leases, Assignment of Rents and Financing Statement (the “Deed of Trust”) which is recorded as Instrument No. 2024-0012992 of the real property records of Kaufman County, Texas, which conveyed to the trustee named therein the property in Kaufman County, Texas described on Exhibit A attached hereto and made part hereof for all purposes, together with any and all other property described in the Deed of Trust and not previously released of record, including, but not limited to, any and all personal property, fixtures, improvements and appurtenances described therein (collectively, the “Property”), which presently secures bIBANK, a Louisiana banking corporation (“Lender”) in the payment of, among other things, that certain Promissory Note in the original principal amount of $9,150,000.00, executed by Cope Equities, LLC (“Debtor”) and payable to the order of Lender, and all other indebtedness of Debtor to Lender (collectively, the “Indebtedness’’); and WHEREAS, Lender is the present holder of the Note and beneficiary of the Deed of Trust; and WHEREAS, default has occurred in the payment of the Indebtedness, the Indebtedness is wholly due, and Lender has requested the undersigned, as Substitute Trustee, to sell the Property toward satisfaction of the Indebtedness; NOW THEREFORE, NOTICE IS HEREBY GIVEN that on Tuesday, September 2, 2025, Substitute Trustee will sell the Property at public auction at or at such place as may be designated by the Commissioners Court of Kaufman County, Texas pursuant to Section 51.002 of the Texas Property Code, to the highest bidder for cash, except that Lender’s bid may be by credit against the Indebtedness secured by the lien of the Deed of Trust. The earliest time the sale will occur is at 1:00 p.m., and the sale will be concluded no later than three hours thereafter. APPOINTMENT OF SUBSTITUTE TRUSTEE: Lender, pursuant to Section 51.0075 of the Texas Property Code and the power to do so contained in the Deed of Trust, does hereby remove the present trustee or successor trustee under the Deed of Trust and does hereby name, constitute and appoint Jeffrey B. Lane, Steven S. Camp, Herschel Bowens, Reagan Hovey, and Alejandra Garcia Castro as successor trustee (the “Substitute Trustee”), each empowered to act independently, in place and in the stead of the present trustee or successor trustee, effective NOTICE OF TRUSTEE’S SALE AND APPOINTMENT OF SUBSTITUTE TRUSTEE - PAGE | OF 6 B1IBANK — COPE EQUITIES, LLC August 11, 2025. The address for Successor Trustee is: Husch Blackwell LLP 1900 N. Pearl Street, Suite 1800 Dallas, TX 75201 THIS INSTRUMENT APPOINTS THE SUBSTITUTE TRUSTEE(S) IDENTIFIED TO SELL THE PROPERTY DESCRIBED IN THE SECURITY INSTRUMENT IDENTIFIED IN THIS NOTICE OF SALE. THE PERSON SIGNING THIS NOTICE IS THE AUTHORIZED AGENT OF THE MORTGAGEE.
STATE OF TEXAS § COUNTY OF COLLIN § This instrument was acknowledged before me on 0 ¢ al , 2025, by Jason Siegele, the SVP, Regional President, Texas for b1 BANK, a Louisiana banking corporation, on behalf of said bank. < He, [Seal] SR DOMINIKA M DAVIS milla : Notary Public, State Of Texas, Notary ae State of exes Comm. Expires 02-24-2029 Notary ID 130874268
UE OES “MAW NOTICE OF TRUSTEE’S SALE AND APPOINTMENT OF SUBSTITUTE TRUSTEE - PAGE 2 OF 6 B1BANK — COPE EQUITIES, LLC
EXHIBIT A Legal Description TRACT 1 (LOT 1, BLOCK C) BEING A 5.690 ACRE TRACT OF LAND SITUATED IN THE D. FALCON SURVEY, ABSTRACT NO, 151 CITY OF KAUFMAN, KAUFMAN COUNTY, TEXAS, AND BEING A PORTION OF A CALLED 101.016 ACRE TRACT OF LAND, DESCRIBED IN A SPECIAL WARRANTY DEED WITH VENDOR'S LIEN CONVEYED TO COPE EQUITIES, LLC AS RECORDED IN INSTRUMENT NO, 2022-0015852 OF THE OFFICIAL PUBLIC RECORDS OF KAUFMAN COUNTY, TEXAS, SAID 5.690 ACRE BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A FOUND IRON ROD FOR THE MOST EASTERLY CORNER OF SAID COPE EQUITIES TRACT, SAME BEING THE SOUTHWEST CORNER OF THAT CALLED 23.341-ACRE TRACT DESCRIBED IN DEED TO MONTGOMERY LEE STAHLMAN AND WIFE TAMARA STAHLMAN AS RECORDED IN VOLUME 1345, PAGE 911, DEED RECORDS KAUFMAN COUNTY TEXAS, SAID IRON ROD BEING ON THE NORTHERLY RIGHT OF WAY LINE FOR STATE HIGHWAY 34 (120’ ROW, CALLED SOUTH WASHINGTON STREET); THENCE SOUTH 50°00'20" WEST WITH SAID RIGHT OF WAY LINE, A DISTANCE OF 695.19 FEET TO AN IRON ROD FOR NORTHEASTERLY CORNER FOR THE INTERSECTION STATE HIGHWAY 34 AND ROUNDUP DRIVE (80' ROW) AS SHOWN BY FIVE POINTS ADDITION, PHASE 1-A, AN ADDITION TO THE CITY OF KAUFMAN AS RECORDED IN CABINET 4, SLEEVE 232, PLAT RECORDS KAUFMAN COUNTY TEXAS; THENCE NORTHWESTERLY WITH THE EAST RIGHT OF WAY FOR ROUNDUP DRIVE AS FOLLOWS: NORTH 84°59'40" WEST, A DISTANCE OF 14.14 FEET TO A IRON ROD; NORTH 39°59'40" WEST, A DISTANCE OF 560.28 FEET TO A IRON ROD; THENCE SOUTH 49°53'L1" WEST WITH THE NORTH LINE OF SAID ROUNDUP DRIVE, A DISTANCE OF 40,16 FEET TO A POINT FOR THE END OF SAID RIGHT OF WAY LINE AND THE BEGINNING OF A CURVE; THENCE ALONG THE ARC OF SAID CURVE TO THE LEFT, HAVING A CENTRAL ANGLE OF 45°50'09", A RADIUS OF 350.00 FEET, AN ARC LENGTH OF 280,00 FEET, AND A CHORD OF NORTH 62°52'20" WEST, 272.59 FEET TO A POINT FOR CORNER ON THE COMMON LINE BETWEEN THE COPE EQUITIES TRACT AND THE AFORESAID STAHLMAN TRACT; THENCE SOUTH 86°01'16" EAST WITH SAID COMMON LINE, A DISTANCE OF 1182.95 FEET TO THE POINT OF BEGINNING AND CONTAINING 5.690 ACRES OF LAND, MORE OR LESS. BEARINGS REFERENCED TO THE TEXAS COORDINATE SYSTEM OF 1983 - NORTH CENTRAL ZONE NO, 4202 - NAD83, GIVING A BEARING OF SOUTH 63°44'28" WEST FOR THE RIGHT OF WAY LINE OF FIVE POINTS DRIVE. ALL DISTANCES ARE SURFACE VALUES. TRACT 2 (LOT 2, BLOCK B) BEING A 9.820 ACRE TRACT OF LAND SITUATED IN THE D. FALCON SURVEY, ABSTRACT NO, 151 CITY OF KAUFMAN, KAUFMAN COUNTY, TEXAS, AND BEING A PORTION OF A CALLED 101.016 ACRE TRACT OF LAND, DESCRIBED IN A SPECIAL WARRANTY DEED WITH VENDOR'S LIEN CONVEYED TO COPE EQUITIES, LLC AS RECORDED IN INSTRUMENT NO. 2022-0015852 OF THE OFFICIAL PUBLIC RECORDS OF KAUFMAN COUNTY, TEXAS, SAID 9.820 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A IRON ROD FOR THE NORTHWESTERLY CORNER FOR THE INTERSECTION STATE HIGHWAY 34 (120' ROW, CALLED SOUTH WASHINGTON STREET) AND ROUNDUP DRIVE (80' ROW) AS SHOWN BY FIVE POINTS ADDITION, PHASE 1-A, AN ADDITION TO THE CITY OF KAUFMAN AS RECORDED IN CABINET 4, SLEEVE 232, PLAT RECORDS KAUFMAN COUNTY TEXAS; THENCE SOUTH 50°00'20" WEST WITH SAID RIGHT OF WAY LINE, A DISTANCE OF 971.36 FEET TO AN IRON NOTICE OF TRUSTEE’S SALE AND APPOINTMENT OF SUBSTITUTE TRUSTEE - PAGE 3 OF 6 BIBANK — COPE EQUITIES, LLC ROD FOR THE SOUTHEAST CORNER OF LOT 1, BLOCK B, FIVE POINTS ADDITION, PHASE 1-B, AN ADDITION TO THE CITY OF KAUFMAN AS RECORDED IN CABINET 4, SLEEVE 278, PLAT RECORDS KAUFMAN COUNTY TEXAS; THENCE NORTH 39°59'40" WEST LEAVING SAID RIGHT OF WAY LINE AND WITH THE EAST LINE OF SAID LOT 1, A DISTANCE OF 553.79 FEET TO A IRON ROD ON THE SOUTHERLY RIGHT OF WAY LINE FOR FIVE POINTS DRIVE (60' ROW); THENCE EASTERLY WITH SAID RIGHT OF WAY LINE AS FOLLOWS: NORTH 63°44'28" EAST, A DISTANCE OF 837.93 FEET TO A IRON ROD FOR THE BEGINNING OF A CURVE; ALONG THE ARC OF SAID CURVE TO THE LEFT, HAVING A CENTRAL ANGLE OF 13°44'08", A RADIUS OF 330.00 FEET, AN ARC LENGTH OF 79.11 FEET, AND A CHORD OF NORTH 56°52'24" EAST, 78.92 FEET TO A IRON ROD; NORTH 50°00'20" EAST, A DISTANCE OF 79.03 FEET TO A IRON ROD FOR THE INTERSECTION OF SAID SOUTHERLY RIGHT OF WAY LINE AND THE WESTERLY RIGHT OF WAY LINE FOR ROUNDUP DRIVE; THENCE WITH THE WESTERLY RIGHT OF WAY LINE FOR ROUNDUP DRIVE AS FOLLOWS: SOUTH 84°59'40" EAST, A DISTANCE OF 14,14 FEET TO A IRON ROD; SOUTH 39°59'40" EAST, A DISTANCE OF 325.40 FEET TO A IRON ROD; SOUTH 05°00'20" WEST, A DISTANCE OF 14.14 FEET TO THE POINT OF BEGINNING AND CONTAINING 9.820 ACRES OF LAND, MORE OR LESS. BEARINGS REFERENCED TO THE TEXAS COORDINATE SYSTEM OF 1983 - NORTH CENTRAL ZONE NO, 4202 - NAD83, GIVING A BEARING OF SOUTH 63°44'28" WEST FOR THE RIGHT OF WAY LINE OF FIVE POINTS DRIVE. ALL DISTANCES ARE SURFACE VALUES. TRACT 3 BEING A 73.485-ACRE TRACT LOCATED IN THE D, FALCON SURVEY, ABSTRACT NO. 151, AND THE T. JEFFERSON SURVEY, ABSTRACT NO. 255, KAUFMANN, KAUFMANN COUNTY, TEXAS, BEING PART OF THAT CALLED 101.016 ACRES DESCRIBED IN A SPECIAL WARRANTY DEED TO COPE EQUITIES, LLC, AS RECORDED IN INSTRUMENT NO. 2022-001852, OFFICIAL PUBLIC RECORDS KAUFMAN COUNTY TEXAS (OPRKCT), SAID 73.485 ACRES BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS (BEARINGS REFERENCED TO THE TEXAS COORDINATE SYSTEM OF 1983 — NORTH CENTRAL ZONE NO. 4202 - NAD83, ALL DISTANCES ARE SURFACE VALUES: BEGINNING AT A FOUND 1/2-INCH IRON ROD FOR THE NORTHEAST CORNER OF VISTA LANE (A CALLED 60- FOOT INGRESS & EGRESS EASEMENT) AS DEDICATED BY LOT 1, BLOCK A, FIVE POINTS ADDITION, AN ADDITION TO KAUFMAN COUNTY AS RECORDED IN CABINET 2, SLIDE 405, PLAT RECORDS KAUFMAN COUNTY TEXAS, SAID ROD BEING ON THE WESTERLY RIGHT OF WAY FOR FIVE POINTS DRIVE (60' RIGHT OF WAY); THENCE WITH THE NORTHERLY LINE OF VISTA LANE AS FOLLOWS: SOUTH 49°57'51" WEST, A DISTANCE OF 75.94 FEET TO THE BEGINNING OF A CURVE; ALONG THE ARC OF SAID CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 40°40'25", A RADIUS OF 463.00, AN ARC LENGTH OF 328.68 FEET, AND A CHORD OF SOUTH 71°33'44" WEST, 321.82 FEET TO A POINT FOR CORNER; NORTH 89°21'44" WEST, A DISTANCE OF 85.73 FEET TO THE NORTHWEST CORNER OF SAID VISTA LANE; THENCE SOUTH 00°38'L6" WEST A DISTANCE OF 60.00 FEET TO THE SOUTHWEST CORNER OF SAID VISTA LANE, SAME BEING THE NORTHEAST CORNER OF FIVE POINTS ADDITION, LOT 2AR, BLOCK A, AN ADDITION NOTICE OF TRUSTEE’S SALE AND APPOINTMENT OF SUBSTITUTE TRUSTEE - PAGE 4 OF 6 B1IBANK — COPE EQUITIES, LLC
TO THE CITY OF KAUFMAN AS RECORDED IN CABINET 3, SLIDE 448, PLAT RECORDS COLLIN COUNTY TEXAS; THENCE NORTH 89°22'01" WEST, A DISTANCE OF 588.92 FEET TO THE NORTHWEST CORNER OF SAID ADDITION AND THE SOUTHWEST CORNER OF THE AFORESAID COPE EQUITIES TRACT; THENCE NORTHERLY WITH THE WEST LINE OF SAID COPE EQUITIES TRACT AS FOLLOW: NORTH 26°16'05" WEST, A DISTANCE OF 263.72 FEET TO A POINT FOR CORNER; NORTH 01°04'43" WEST, A DISTANCE OF 521.84 FEET TO A POINT FOR CORNER; NORTH 03°20'26" WEST, A DISTANCE OF 598.81 FEET TO A POINT FOR CORNER; NORTH 03°21'44" WEST, A DISTANCE OF 986.30 FEET TO THE NORTHWEST CORNER OF SAID COPE EQUITIES TRACT, AND BEING ON THE SOUTH LINE OF A TRACT DESCRIBED IN DEED TO TAMRA STAHLMAN AS RECORDED IN INSTRUMENT NO. 2024-0003095, OPRKCT; THENCE SOUTHEASTERLY WITH THE COMMON LINE FOR SAID HOFFMAN TRACT AND THE COPE EQUITIES TRACT AS FOLLOWS: SOUTH 69°56'08" EAST, A DISTANCE OF 865.43 FEET TO A POINT FOR CORNER; SOUTH 64°09'02" EAST, A DISTANCE OF 856.363 FEET TO A POINT FOR CORNER; SOUTH 63°59'32" EAST, A DISTANCE OF 64,29 FEET TO A POINT FOR CORNER; THENCE SOUTH 86°01'L6" EAST WITH THE NORTH LINE OF SAID COPE EQUITIES TRACT AND THE SOUTH LINE OF THAT CALLED 23.341 ACRES DESCRIBED IN DEED TO M. L. STAHLMAN & WIFE TAMARA STAHLMAN AS RECORDED IN VOLUME 1345, PAGE 911, DEED RECORDS KAUFMAN COUNTY TEXAS, A DISTANCE OF 536.05 FEE TO A POINT FOR CORNER; THENCE LEAVING SAID COMMON LINE AND ALONG THE ARC OF A CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 45°50'09", A RADIUS OF 350.00, AN ARC LENGTH OF 280.00 FEET, AND A CHORD OF SOUTH 62°57'20" EAST, 272.59 FEET TO A POINT FOR THE CENTERLINE OF ROUNDUP DRIVE (80' ROW) AS ESTABLISHED BY FIVE POINTS ADDITION, PHASE 1A AS RECORDED IN CABINET 4, SLIDE 232, PRKCT; THENCE SOUTH 49°53'L1" WEST , A DISTANCE OF 40,16 FEET TO THE NORTHWEST CORNER OF SAID DRIVE; THENCE SOUTH 40°06'47" EAST, A DISTANCE OF 154.72 FEET TO THE MOST NORTHERLY CORNER FOR THE INTERSECTION OF ROUNDUP DRIVE AND FIVE POINT DRIVE ((60' ROW); THENCE SOUTHWESTERLY WITH THE NORTHERLY RIGHT OF WAY FOR FIVE POINTS DRIVE AS FOLLOWS: SOUTH 05°00'20" WEST, A DISTANCE OF 14.14 FEET TO A TO A POINT FOR CORNER; SOUTH 50°00'20" WEST, A DISTANCE OF 79.03 FEET A POINT FOR THE BEGINNING OF A CURVE; ALONG THE ARC OF SAID CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 13°44'06", A RADIUS OF 270.00, AN ARC LENGTH OF 64.73 FEET, AND A CHORD OF SOUTH 56°52'25" WEST, 64.57 FEET TO A POINT FOR CORNER; SOUTH 63°44'28" WEST, A DISTANCE OF 1139.13 FEET TO THE BEGINNING OF A CURVE; ALONG THE ARC OF SAID CURVE TO THE LEFT, HAVING A CENTRAL ANGLE OF 103°44'10", A RADIUS OF 330.00, AN ARC LENGTH OF 597.48 FEET, AND A CHORD OF SOUTH 11°52'24" WEST, 519.1 FEET TO A POINT FOR CORNER; THENCE SOUTH 39°59'40" EAST, A DISTANCE OF 19.06 FEET TO THE POINT OF BEGINNING, CONTAINING 73.485 ACRES MORE OR LESS. NOTICE OF TRUSTEE’S SALE AND APPOINTMENT OF SUBSTITUTE TRUSTEE - PAGE 5 OF 6 BIBANK — COPE EQUITIES, LLC SAVE & EXCEPT THAT 1.561-ACRES LOCATED IN THE D. FALLON SURVEY, ABSTRACT NO. 451, KAUFMANN, KAUFMANN COUNTY, TEXAS, BEING ALL OF THAT PARCEL DESCRIBED AS TRACT 2 (CALLED 0.091) ACRE IN DEED TO KAUFMAN COUNTY TEXAS AS DESCRIBED IN VOLUME 666, PAGE 339, DEED RECORDS KAUFMAN COUNTY TEXAS (DRKCT), ALL OF THAT CALLED 1.41 ACRE PARCEL DESCRIBED IN DEED TO KAUFMAN COUNTY INDIGENT CEMETERY AS RECORDED IN VOLUME 1636, PAGE 20, DRKCT, AND A PART OF THAT CALLED 101.016 ACRES DESCRIBED IN A SPECIAL WARRANTY DEED TO COPE EQUITIES, LLC, AS RECORDED IN INSTRUMENT NO. 2022-001852, OFFICIAL PUBLIC RECORDS KAUFMAN COUNTY TEXAS, SAID 1.561-ACRES BEING MORE SPECIFICALLY DESCRIBED AS FOLLOWS (BEARINGS REFERENCED TO THE TEXAS COORDINATE SYSTEM OF 1983 - NORTH CENTRAL ZONE NO. 4202 - NAD83, ALL DISTANCES ARE SURFACE VALUES: COMMENCING AT THE NORTHWEST CORNER OF VISTA LANE (A CALLED 60-FOOT INGRESS & EGRESS EASEMENT) AS DEDICATED BY LOT 1, BLOCK A, FIVE POINTS ADDITION, AN ADDITION TO KAUFMAN COUNTY AS RECORDED IN CABINET 2, SLIDE 405, PLAT RECORDS KAUFMAN COUNTY TEXAS; THENCE NORTH 29°08'05" EAST, A DISTANCE OF 93.64 FEET TO THE POINT OF BEGINNING, THE SOUTHWEST CORNER OF SAID TRACT 2; THENCE NORTH 00°34'53" EAST WITH THE WEST LINE OF SAID TRACT, A DISTANCE OF 202.36 FEET TO A POINT FOR CORNER; THENCE NORTH 74°59'52" EAST, A DISTANCE OF 272.53 FEET TO A POINT FOR CORNER; THENCE SOUTH 05°35'29" EAST, A DISTANCE OF 285.14 FEET TO A POINT FOR CORNER; THENCE NORTH 87°52'21" WEST, A DISTANCE OF 293.28 FEET TO THE POINT OF BEGINNING AND CONTAINING 1,561-ACRES OF LAND, MORE OR LESS. CONTAINING 71.924 ACRES OF LAND, MORE OR LESS. BEARINGS REFERENCED TO THE TEXAS COORDINATE SYSTEM OF 1983 - NORTH CENTRAL ZONE NO, 4202 - NAD83, GIVING A BEARING OF SOUTH 63°44'28" WEST FOR THE RIGHT OF WAY LINE OF FIVE POINTS DRIVE. ALL DISTANCES ARE SURFACE VALUES. NOTICE OF TRUSTEE’S SALE AND APPOINTMENT OF SUBSTITUTE TRUSTEE - PAGE 6 OF 6 B1IBANK — COPE EQUITIES, LLC
Appraised Value
$641,639
Default Amount
$9,150,000
Potential Savings: -$8,508,361
Auction Date
September 2, 2025 1:00 P.M
Foreclosure Type
mortgage
Current Owner
COPE EQUITIES LLC
2025 We Good LLC. All Rights Reserved