1918 SOMERSET AVE

CEDAR CREST LOT M SOMERSET

STATE OF TEXAS
COUNTY OF DALLAS §
§
§ KNOW ALL MEN
BY THESE PRESENTS
NOTICE OF SUBSTITUTE TRUSTEE'S FORECLOSURE SALE
(1918 SOMERSET A VE.)
NOTIFICATION DATE: NOVEMBER 10, 2025
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. . •
1. Property.
The property to be sold is described as follows (collectively, the "Property"): certain real property
(and interests therein) located in Dallas County, Texas, as more specifically described in Exhibit "A"
attached hereto and incorporated herein for all purposes, and all other Mortgaged Property ( as defined
in Exhibit "A" attached hereto). •
2. Deed of Trust.
The instrument to be foreclosed is that certain Deed of Trust and Assignment of Rents, executed by
F.A.N 1 RE HOLDINGS LLC, a Texas limited liability company ("Grantor"), dated as of January
30, 2025, to Moses, Palmer & Howell, L.L.P ., Trustee, for the benefit of PAJ Enterprises, LLC, a ·
foreign limited liability company dba PAJ Fund I, LLC ("Lender"), and recorded under-Instrument
No. 202500034527 of the Deed Records of Dallas County, Texas (the "Deed of Trust''), which Deed
of Trust secures certain indebtedness described therein, including, but not limited to, that certain
Promissory Note in the original principal amount of $175,000.00 dated January 30, 2025, executed
by Grantor and payable to the order of Lender (the "Note").
3. Foreclosure Sale.
The Property will be sold at a foreclosure sale as permitted by the Texas Property Code and the Texas
Business and Commerce Code to the highest bidder for cash. The sale is scheduled to be held at the
following date, time, and place:
Date: Tuesday, December 2, 2025.
4918-1932- 7096.1 1
0
N Time:
Place: The sale will begin no earlier than 10:00 a.m. (Central Standard Time) or no later
than three hours thereafter. The sale will be completed by no later than 4:00 p.m.
(Central Standard Time).
The area outside on the north side of the George L. Allen, Sr. Courts Building facing
Commerce Street below the overhang, located at 600 Commerce Street, Dallas,
Texas 75202, as designated by the Commissioners Court of Dallas County, Texas,
or, if the preceding area is no longer the designated area, the area most recently
designated by the Commissioners Court of Dallas County.
4. Trustee and Substitute Trustee.
Moses, Palmer & Howell, L.L.P. is named as the original Trustee under the Deed of Trust. By
Appointment of Substitute Trustees dated November 6, 2025, Lender has appointed each of Michael
Gillman, Emily Bowlin, Luke Hampton, and Carolina Paine as a Substitute Trustee under the Deed
of Trust, said appointment being in a manner authorized by the Deed of Trust. Notice is given that
before the sale Lender may appoint another person as substitute trustee to conduct the sale, and ariy
of the foregoing substitute trustees may, acting alone, act under the Deed of Trust pursuant to the
terms thereof.
5. Event of Default.
An event of default has occurred under the Note and Deed of Trust. The Note matured on July 30,
2025 and is immediately due and payable. As of the date of this Notice of Substitute Trustee's·
Foreclosure Sale, Lender has not received payment in full of the Note, and the event of default
continues. Therefore, Lender has requested that a Substitute Trustee sell the Property to satisfy the
Note and the other indebtedness due under the Deed of Trust.
6. Terms of Sale.
The sale will be conducted as a public auction to the highest bidder for cash. Pursuant to the Deed of
Trust, Lender has the right to direct any Substitute Trustee to sell the Property as an entirety or in
parcels. Pursuant to Section 51.009 of the Texas Property Code, the Property will be sold in AS IS
condition, without any express or implied warranties, except as to the warranties of title by Grantor,
if any, provided for under the Deed of Trust. Lender may enter a credit bid against the indebtedness.
Pursuant to Section 51.0075 of the Texas Property Code, each Substitute Trustee reserves the right to
set further reasonable conditions for conducting the sale. Any such further conditions shall be
announced before bidding is opened for the first sale of the day held by such Substitute Trustee.
Lender may postpone, withdraw, or reschedule the sale for another day. In such event, no Substitute
Trustee is required to appear at the date, time, and place of such sale to announce such postponement,
withdrawal, or rescheduling.
Questions concerning the sale may be directed to Michael Gillman, a Substitute Trustee, at the contact
information listed below.
2
4918-1932-7096. l STATE OF TEXAS
COUNTY OF DALLAS §
§
§ Michael Gillman, Emily Bowlin, Luke Hampton, or
Carolina Paine
Substitute Trustee
c/o Gray Reed & McGraw LLP
1601 Elm Street
Suite 4600
Dallas, Texas 75201
Phone: ( 469) 320-6048
This instrument was acknowledged before me on this the / t, '1Lday of November, 2025, by
Michael Gillman, in his capacity as a Substitute Trustee under the Deed of Trust.
4918-1932- 7096.1 ELIZABETH L KRAUSE
NOTARY PUBLIC, STATE OF TEXAS
MY COMM. EXP. 06/15/2026
NOTARY ID 12422708-7 N~n and for the State of Texas Exhibit "A"
Mortgaged Property
Property in the County of Dallas, State of Texas, described as:
Lot M, Block 17/4737, of CEDAR CREST ADDITION, an Addition to the City of Dallas, Dallas
County, Texas, according to the Map thereof recorded in Volume 4, Page 145, of the Map Records
of Dallas County, Texas.
TOGETHER WITH all the improvements now or hereafter erected on the Property, and all easements,
appurtenances and fixtures now or hereafter a part of the Property, and all rents, issues and profits
thereof.
4918-1932-7096.l