RES A BLK 1 MANGAT ONE
Bedrooms
Bathrooms
Sq Ft
Year Built
TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6428 FILED 8/29/2025 2:00:39 PM
NOTICE OF SUBSTITUTE TRUSTEE’S SALE STATE OF TEXAS § . § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF HARRIS §. WHEREAS, on January 25, 2017, Southwest Hotels, Inc. and Northgate Hospitality, Inc. ("Maker" or “Borrower”), executed and delivered that certain Real Estate ien Note in the original principal amount of THREE MILLION ONE HUNDRED ky that certain"Deed ust,‘Assignment of Rents, Security Agreement and Financing Statement dated Janu: , 20 ted by Southwest Hotels, Inc., as "Grantor" in favor of Ramon A. Vitulli, . r record on-January 31, 2017 in the Official Public Records of Harris County, 4. Code No. RP-2017-42515 (the “Deed of Trust”) covering and describing the Mort: Property described below; and being further secured by that certain Commercial Loan Agreement dated J 5, 2017 ND AND NO/100 DOLLARS ($3,100,000.00), payable to Stellar Bank, formerly
1 e Bank, and bearing interest as stated therein (“Note”); being secured by executed by Southwest Hotels, Inc.; and being further secured by that cert 5 Extension and Modification Agreement dated effective March 25, 2022, executed by, Borrower, Guarantors and Lender, recorded on April 11, 2022 in the Official Public Records of Harris County, Texas, under Instrument No. RP-2022-190609,whereby the terms of the Note were modified. | ‘ WHEREAS, default has occurred under the terms and provisions of the referenced Note, Deed of Trust and the same are now wholly due, and Stellar Bank, f/k/a Allegiance 1 TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6428 FILED 8/29/2025 2:00:39 PM Bank (the,"Mort e"), the owner and holder of all the Note, has requested the undersigned to sell the gaged Property described below; and WHE above named Trustee and any previously appointed Substitute . Trustee(s) was re cordance with the Deed of Trust and the Mortgagee designated and appointed T 125 Main Street, PO Box 62, Jasper, Texas 75951, as Substitute Trustee to enforce the Trust set forth in said Deed of Trust. NOW, THEREFORE, pursuant to the authority conferred upon me by the Deed of Trust, I hereby give notice that I will sell the Mortgaged Property described below at public
auction to the highest bidder for cash, sale us scheduled to be held at the following date, time, and place: Date: October 7, 2025 Time: 12:30 p.m. C.S.T. and may occ Place: The Bayou City Even Texas 77047 or if the p area most recently desi, o later than 3:30 p.m. C.S.T. : Knight Road, Harris County, Houston, ing area is no longer the designated area, at the ‘ated by County Commissioner’s Court or as
designated by the County issighers Court PURSUANT TO SECTION 51.002 OF THE TEXAS CODE AS THE.PLACE WHERE FORECLOSURE SALES ARE TO T PLACE OR AS DESIGNATED BY THE COUNTY COMMISS This conveyance will be made subject to’any exceptions referenced in the Deed of Trust, if any, to the extent the same are still in e all not cover any part of the Mortgaged Property that has been released from li the Deed of Trust. The Mortgaged Property that will be sold at the foreclosure ibed as follows:
subdivision in Harris recorded in Volume , Texas; together with i id to (a) all streets, es, rights of ingress and ig or proposed, Mortgaged Property: Restricted Reserve “A”, in Block 1 County, Texas, according to the map 392, Page 62, of the Map Records of all right, title, interest, and privileges of Gr; ways, roads, alleys, easements, rights-of-w: egress, vehicle parking rights and public 2 TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6428 FILED 8/29/2025 2:00:39 PM abutting, se Kam ase with or pertaining to such real property or the thereon; (b) any strips or gores of real property between suc! erty and abutting or adjacent properties; (c)
and all Minerals, Fixtures, Improvements, and Leases, together with any and all other ature whatsoever, now or hereafter given for é dness or the performance and discharge of the Obligations, as italized terms are defined in Exhibit A attached hereto and inco: in by reference. ACTIVE MILITARY SERVICE NOTICE ASSERT AND PROTECT YOUR RIGHs is A MEMBER OF THE ARMED FORCES OF THE UNITED STATES. IF YOU ARE SERVING ON ACTIVE MILITARY DUTY, INCLUDING ACTIVE MILITARY DUTY AS A MEMBER OF THE TEXAS NATIONAL GUARD ATIONAL GUARD OF ANOTHER STATE OR AS A MEMBER OF A RESERVE COMPONENT OF THE ARMED FORCES OF THE UNITED STATES, SEND WRITTEN NOTICE OF THE are e ACTIVE DUTY MILITARY SER THE SENDER OF THIS NOTICE IMMEDIATELY. To determine if y itled to and what protections may be afforded you under the Servicemembers Civil Relief Act, you may call the toll-free telephone numbers for Military One : m the United States: 1-800-342-9647. From outside the United States (where available): 1-800-342-6477. International collect: 484-530-5747. THE SALE OF THE MORTG. OPERTY IS "AS-IS" AND "WHERE- IS" AND WITHOUT REPRESEN lr... WARRANTY OF ANY KIND BY THE SUBSTITUTE TRUSTEE, PRESS, IMPLIED, STATUTORY, QUASI- STATUTORY OR OTHERWISE, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR SE BEING EXPRESSLY DISCLAIMED. THE SUBSTITUTE TRUSTEE. MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPEC COMPLIANCE WITH THE LAWS, RULES, AGREEMENTS OR §S CATIONS, CONDITION, QUALITY, CAPACITY, A DESIGN, OPERATION, AMBENCE OF ANY LATENT DEFECTS OR TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6428 FILED 8/29/2025 2:00:39 PM ANY OTHER WARRANTY OR REPRESENTATION WHATSOEVER WITH RESPECT TO THE MORTGAGED PROPERTY, ALL OF WHICH ARE EXPRESSLY WAIVED BY PURCHASER. SUBSTITUTE TRUSTEE RESERVES THE RIGHT TO DETERMINE MENTS EN WHICH BIDS WILL BE ACCEPTED AND TO ANNOUNCE AY THE SALE. es 2025 Js/ Ted L. Walker Ted L. Walker, Substitute Trustee PO Box 62 Jasper, Texas 75951 hone (409) 384-8899 Faésimile (409) 384-9899 [email protected] ure\Oc} 25-08-18 NotSubTR Sale. HarrisCo.wpd
RAALLEGIANCE BANK\ASTELLAR BANK(}62-18 Southwest Hotels\Fo! © TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6428 FILED 8/29/2025 2:00:39 PM IBIT A Restricted Reserve “A”, in Block bade a subdivision in Harris County, Texas, according to the map or plat thereof record e 392, Page 62, of the Map Records of Harris County, Texas, together with; “Contracts” shall mean all of LD and interest of Grantor, including equitable rights, in, to, and under, but not any of Grantor’s obligations or liabilities under, any and all (a) Contracts of Sale; (b) contracts, licenses, or permits: which are directly or indirectly related to, or connected with, the development, o hi; aintenance or operation of the Mortgaged Property, whether such contracts, licenses, its are now or at any time thereafter existing, and all improvements constructed or to be constructed on the Mortgaged Property with all Laws applicable to the Mortgaged Property; (c) any and all right, title, and interest Grantor may have in any financing arrangements relating to the financing of or the purchase of all or any portion of the Mortgaged Property by future purchasers; and (d) all other contracts which in any way relate to theuse, enjoyment, occupancy, operation, maifitenance, repair, management or ownership of the Mortgaged Property (save and exc all Leases), including, but not limited to, maintenance and service contracts and mana; agreements. “Fixtures” shall mean any and jals, supplies, equipment, systems, apparatus, and other items now owned or hereaft by Grantor and now or hereafter attached to, installed in, or used in connection with (temporarily or permanently) any of the improvements or the Land, which are now owned or hereafteg acquired by Grantor and are now or hereafter attached to the Land or the Improvements, to l accessions, appurtenances, replacements, betterments, and substitutions for any of the foregoing and the proceeds thereof. “Improvements” shall mean and ail streets, utilities and/or other infrastructure, buildings, covered garages, air conditi rs, open parking areas, structures and other improvements of any kind or nature, and any and all additions, alterations, betterments or appurtenances thereto, now or at any tire hereaftét situated, placed, or constructed upon the Land or any part thereof. , “Leases” shall mean any and all, leases, licenses, or other agreements (whether written or oral, or now or hereafter in effect) wii i parties a possessory interest in and to, or the right to use or occupy, all or any part aged: Property, together with all security and other deposits or payments made in connection therewith. “Minerals” shall mean all su in,..on, under or above the Land which are now, or may become in the future, intrinsically v: at is, valuablein themselves) and which now or may be in the future enjoyed through e or removal from the property, including, without limitation, oil, gas, and all other coal, lignite, carbon dioxide and all other nonhydrocarbon gases, uranium and al oactive substances, and gold, silver, copper, iron and all other metallic substances or or
“Personalty” shall mean all t, title, and interest of Grantor, now owned or TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-6428 FILED 8/29/2025 2:00:39 PM Ads hereafter acquired, in and to (i) furniture, furnishings, equipment, machinery, goods (including, but not limited to, crops, farm products, timber and timber to be cut, and extracted Minerals); (ii) general intangibles, money, insurance proceeds, accounts, contract and subcontract rights, trademarks, trade names, logos, copyrights, chattel paper, instruments, investment property, letter of credit rights and inventory; (iii) all cash funds, fees (whether refundable, teturnable or reimbursable), deposits or other funds or evidences of cash, credit or indebtedness deposited by or on behalf of Grantor with any Governmental Authority, public or private providers of utility services, including specifically, but without limitation, all refundable, returnable, or reimbursable tap fees, utility deposits, commitment fees and development costs, any awards, remunerations, reimbursements, settlements, or compensation heretofore made or hereafter to be made by any Governmental Authority pertaining to the Land, Improvements, Fixtures or Contracts, including but not limited to, those for any vacation of, or change of grade in, any streets affecting the Land or the Improvements and those for municipal utility district or other utility costs incurred or deposits made in connection with the Land; and (iv) all other personal property of any kind or character as defined in and subject to the provisions of the UCC (Article 9 - Secured Transactions); any and all of which are now owned or hereafter acquired by Grantor and which are now or hereafter situated in, on, or about the Land or the Improvements, or used in or necessary to the complete and proper _ planning, development, construction, financing, use, occupancy, or operation thereof, or acquired (whether delivered.to the Land or stored elsewhere) for use in or on the Land or the Improvements, together with all accessions, replacements, and substitutions thereto or there for and the. proceeds thereof. “Rents all mean all s, réyaltiés, issues, Bonus monies, re 0. eeds, profits, security and other t f deposits (after Grantor acq itl t ya 0 ‘pai ayable by parties to ‘the C Ss 0 an tor) for using, leasing, licensing, possessing, operating from, residing in, selling, or otherwise enjoying all or any portion of the Mortgaged Property, and any other personal property characterized as “Rents” under the Texas Rents Act.
Appraised Value
$2,150,000
Default Amount
$3,100,000
Potential Savings: -$950,000
Auction Date
October 7, 2025
Foreclosure Type
mortgage
Current Owner
SOUTHWEST HOTELS INC
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