PERSONAL PROPERTY - MOTOR VEHICLE INVENOTRY LOCATION: 831 E MCKINNEY ST. DENTON
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/olos| NOTICE OF FORECLOSURE SALE 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. Recitals: A. The undersigned is the current owner and holder of the Promissory Note described below. B. The Promissory Note is secured by the Deed of Trust described below. C. The Debtor named below is in default under the Promissory Note and the Deed of Trust and the default has not been cured after receiving notice of default and opportunity to cure. D. The undersigned has accelerated the indebtedness evidenced by the Promissory Note. Notice of Foreclosure Sale: Notice is given that the Property described below shail be sold at public auction on the date, at the time, and in accordance with the terms contained in this Notice of Foreclosure Sale and the applicable laws of the State of Texas (the “Foreclosure Sale”). 1. Date, Time, and Place of Sale: Date: The sale shall be held on Tuesday, October 7, 2025. Time: The sale will begin at 10:00 a.m. (Central Standard Time) and will be conducted within three hours thereafter. Place: THE SALE SHALL BE HELD AT THE DENTON COUNTY COURTHOUSE, 1450 E. MCKINNEY STREET, DENTON, TEXAS 76209 OR AS DESIGNATED BY THE COUNTY COMMISSIONER OF DENTON COUNTY. 2. Terms of Sale: Because of the default in performance of the obligations secured by the Deed of Trust, the Substitute Trustee will sell the property "As Is" by public auction to the highest bidder for cash. 3. Instrument to be Foreclosed: The security instrument to be foreclosed is the Deed of Trust, Security Agreement, Assignment of Leases, Assignment of Rents, and Financing Statement dated February 6, 2023, by
LOTUS GROUP HOLDINGS LLC, a Texas limited liability company (“Debtor”), as debtor, to MARK JENSEN, as Trustee, for the benefit of PRIMALEND CAPITAL REAL ESTATE LLC, a Texas limited liability company (“Lender”), as beneficiary, and recorded under Instrument Number 10864 in the official public records DENTON County, Texas (as amended, modified, and restated from time to time, the “Deed of Trust”). 4. Name and Address of Substitute Trustee: The name of the Substitute Trustee is: Caleb Rush. The address of the Substitute Trustee is: 5700 Granite Parkway, Suite 650, Plano, Texas 75024. 5. Obligations Secured: The indebtedness is evidenced by the promissory note in the original principal amount of FOUR HUNDRED THIRTY THOUSAND AND NO/100 DOLLARS ($430,000.00) (as amended, modified, and restated from time to time, the “Promissory Note”), including all accrued and unpaid interest and all other amounts payable by the debtor as described in the Promissory Note, any other related documents, and all modifications, renewals, and extensions thereof. Lender is the current mortgagee of the Deed of Trust and the current owner and holder of the Promissory Note. 6. Property to Be Sold: The property to be sold is described as follows: See attached Exhibit A incorporated herein as if set forth at length. 7. Additional Provisions: Default has occurred in the payment of the Promissory Note and in the performance of the obligations of the Deed of Trust. Because of that default, Lender, the owner and holder of the Promissory Note, has requested Substitute Trustee to sell the Property. The Deed of Trust may encumber both real and personal property. Formal notice is given of Lender's election to proceed against and sell both the real property and any personal property described in the Deed of Trust in accordance with Lender's rights and remedies under the Deed of Trust and Section 9.604(a) of the Texas Business and Commerce Code. Notice is given that on and at the Date, Time, and Place for the Foreclosure Sale described above, Substitute Trustee will sell the Property in accordance with the Terms of Sale described above, the Deed of Trust, and applicable Texas law. Page 2 If Lender passes the Foreclosure Sale, notice of the date of any rescheduled foreclosure sale will be reposted and refiled in accordance with the posting and filing requirements of the Deed of Trust and the Texas Property Code. The Foreclosure Sale will be made expressly subject to any title matters set forth in the Deed of Trust, but prospective bidders are reminded that by law the Foreclosure Sale will be made subject to all prior matters of record affecting the Property, if any, to the extent that they remain in force and effect and have not been released or subordinated to the Deed of Trust. For the avoidance of doubt, the Foreclosure Sale will not cover any part of the Property that has been released of public record by Lender from the security interest of the Deed of Trust. Prospective bidders are urged to examine the applicable property records to determine the nature and extent of such matters, if any. Pursuant to Section 51.009 of the Texas Property Code, the Property will be sold "AS IS," without any expressed or implied warranties, except as to the warranties (if any) provided for under the Deed of Trust. Prospective bidders are advised to conduct an independent investigation of the nature and physical condition of the Property. Pursuant to Section 51.0075(a) of the Texas Property Code, Substitute Trustee reserves the right to set further reasonable conditions for conducting the Foreclosure Sale. Any such further conditions shall be announced before bidding is opened for the first sale of the day held by Substitute Trustee. [Remainder of page intentionally left blank. Signature page to follow.] Page 3 This Notice of Foreclosure Sale is executed this 25" day of August, 2025. PRIMALEND REAL ESTATE LLC, a Texas limited liability company By:
ellie Casse, Executive Vice President 3460 Lotus Drive, Suite 100 Plano, Texas 75075 THE STATE OF TEXAS § COUNTY OF Q lin § THIS INSTRUMENT was acknowledged before me this OS tay of [ V uth 20 2 C by Kellie Casse, as Executive Vice President for PrimaLend Real Estate LLC, a Texas lfmited liability company, on behalf of such Limited Liability Company.
Notary Public in and for The State of TEXAS VANESSA GILLISS . 7} Notary iD #1304715) — \ovwlessq_Gillise & My Commission tires 7 by | i Secember 22, 2027
Printed Name of Notary My Commission Expires: Lee per~_9-019037 After recording return to: Spencer Fane LLP 5700 Granite Parkway, Suite 650 Plano, Texas 75024 ATTN: Caleb M. Rush EXHIBIT A Legal Description The land referred to in this Policy is situated in the City of Sanger, County of DENTON, State of TX, and is described as follows: BEING A 0.916 ACRE TRACT OF LAND SITUATED IN THE HENRY TIERWESTER SURVEY, ABSTRACT NO. 1241, DENTON COUNTY, TEXAS, BEING A PORTION OF THAT CERTAIN TRACT OF LAND DESCRIBED IN DEED TO HE REALTY, LLC, AS RECORDED IN INSTRUMENT NO. 2013-58191, OFFICIAL RECORDS, DENTON COUNTY, TEXAS, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING AT A %-INCH IRON ROD FOUND AT THE COMMON WES CORNER OF SIAD HE REALTY TRACT AND THAT CERTAIN TRACT OF LAND DESCRIBED IN DEED AS PARCEL TWO TO EUGENE J. WALTER AND MARILYN J. WALTER, AS RECORDED IN INSTRUMENT NO. 2016-49779, SAID OFFICIAL RECORDS, SAID IRON ROD BEING ON THE EAST LINE OF BERRY STREET; THENCE NORTH 00° 51’ 45” EAST, A DISTANCE OF 218.00 FEET ALONG SAID EAST LINE TO A %-INCH IRON ROD SET WITH CAP STAMPED “PREMIER SURVEYING” FROM WHICH A %-INCH IRON ROD FOUND BEARS SOUTH 69° 07’ 30” WEST — 1.62 FEET, SAID IRON ROD SET BEING THE COMMON WEST CORNER OF SAID HE REALTY TRACT AND THAT CERTAIN TRACT OF LAND DESCRIBED IN DEED TO STEMMON SERIES, AS RECORDED IN INSTRUMENT NO, 2014-69494, SAID OFFICIAL RECORDS; THENCE SOUTH 88° 45’ 00” EAST, A DISTANCE OF 204.49 FEET ALONG THE COMMON LINE OF SAID HE REALTY AND STEMMONS TRACTS TO A %-INCH ROD SET WITH CAP STAMPED “PREMIER SURVEYING” FROM WITH A 5/8-INCH IRON PIPE FOUND BEARS SOUTH 88° 45’ 00” EAST - 41.77 FEET, SAID IRON ROD SET BEING ON THE WEST LINE OF N. STEMMONS STREET, BEING THE BEGINNING OF A NON-TANGENT CURVE TO THE LEFT HAVING A RADIUS OF 5,151.00 FEET; THENCE ALONG SAID WEST LINE AND SAID CURVE AN ARC DISTANCE OF 221.60 FEET, HAVING A CHOD BEARING AND DISTANCE OF SOUTH 11° 34’ 40” WEST — 221.59 FEET TO A 1/2-INCH IRON ROD SET WITH CAP STAMPED “PREMIER SURVEYING” FROM WHICH A %-INCH IRON ROD FOUND BEARS SOUTH 88° 45’ 00” EAST — 43.29 FEET, SAID IRON ROD SET BEING ON THE COMMON LINE OF SAID HE REALTY TRACT AND AFORESAID PARCEL TWO; THENCE NORTH 88° 45’ 00” WEST, A DISTANCE OF 163.29 FEET ALONG SAID COMMON LINE TO THE POINT OF BEGINNING AND CONTAINING 39,911 SQUARE FEET OR 0.916 OF ONE ACRE OF LAND. PLANO 4081006.2
Appraised Value
$545,980
Default Amount
$430,000
Potential Savings: $115,980
Auction Date
October 7, 2025
Foreclosure Type
mortgage
Current Owner
LOTUS AUTO GROUP, INC
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