ABS A0576 T J MCDONALD SURVEY, TRACT 3, 4.495 ACRES; PROPOSED LOT 4
Bedrooms
Bathrooms
Sq Ft
Year Built
i
F
9• 19
NOTICE OFFORECLOSURE SALE t'
,JTCLL
CULL,: ;UUNTY. TEXAS
Y:__
____`_nrPUTY
STATE OFTEXAS
KNOW ALLMENBYTHESE PRESENTS:
COUNTY OFCOLLIN
WHEREAS, AIPMcKINNEY LLC, aTexas limitedliability company ("Mortgagor"),
executed anddelivered toSAML. SUSSER ( the "Original Trustee") forthebenefitofSUSSER
BANK,
aTexas statebank
(" Mortgagee"),
whose streetaddress is3030Matlock Road,
Suite205, Arlington, Texas76015, thatcertainDeedofTrust, SecurityAgreement, Assignment
ofLeases, Assignment ofRentsandFinancing Statement ( assamemayhavebeenheretofore
extended, renewed, modified and/orrestated, the "DeedofTrust"), datedOctober 12, 2024,
recorded onDecember 2, 2024asDocument No. 2024-2024000148662, intheRealProperty
Records ofCollinCounty, Texas, asadditional securityfor:
(i)thatcertainPromissory Note (as
samemayhavebeenamended, modified,
extended, renewed, restatedand/orreplaced, the
NorthFreeway Note")
dated October 12,
2022 intheoriginal principalamount of
4,375,848.00, executed byAIPNORTHFREEWAY, LLC, aTexaslimitedliabilitycompany
NorthFreewayBorrower")
andpayabletoMortgagee, andallotherindebtedness, liabilities
andobligations (collectively,the "NorthFreewayIndebtedness") described intheNorthFreeway
Note, theLoanandSecurityAgreement ( Construction) datedofevendatewiththeNorth
FreewayNote, betweenMortgagee, NorthFreewayBorrowerandtheGuarantors definedtherein
the "NorthFreewayLoanAgreement"), andtheDeedofTrustdatedOctober 12, 2022, recorded
onOctober18, 2022, asDocument No. D222250810, intheRealPropertyRecordsofTarrant
County, TexasfromtheNorthFreewayBorrowerinfavoroftheMortgagee ( the "NorthFreeway
DeedofTrust" andtogetherwiththeNorthFreewayNote, NorthFreewayLoanAgreement, the
DeedofTrustandotherdocuments evidencing,
securing orgoverning theNorthFreeway
Indebtedness are, collectively, the
"NorthFreewayLoan Documents");
and (ii)thatcertain
Promissory Note (assamemayhavebeenamended, modified, extended, renewed, restated
and/orreplaced, the "KellerNote" andtogetherwiththeNorthFreewayNote, hereinthe "Note")
datedOctober 12, 2022intheoriginalprincipalamount of $5,845,723.00, executed byAIP
KELLER HICKS, LLC,
aTexas limitedliability company (" Keller Hicks Borrower",
and
together withtheNorthFreewayBorrower, herein the "Borrower") andpayabletoMortgagee,
andall other indebtedness,
liabilities and obligations
(collectively,
the
"Keller Hicks
Indebtedness", andtogether withtheNorthFreewayIndebtedness, herein the "Indebtedness")
described intheKellerHicksNote, theLoanandSecurityAgreement ( Construction) datedof
evendatewiththeKellerHicksNote, between Mortgagee, KellerHicksBorrower andthe
Guarantors defined therein ( the "KellerHicksLoanAgreement" andtogether withtheNorth
Freeway LoanAgreement,
herein the
"LoanAgreement"),
andtheDeedofTrustdated
October12, 2022, recordedonOctober18, 2022, asDocument No. D222250641, RealProperty
Records, TarrantCounty, Texas, executed bytheKeller-HicksBorrower infavorofMortgagee
the "Keller HicksDeed,ofTrust" andtogether withtheKeller HicksNote, Keller HicksLoan
Agreement, DeedofTrustandotherdocumentsevidencing, securingorgoverningtheKeller
HicksIndebtedness are, collectively, the "Keller HicksLoanDocuments", andtogether withthe
NorthFreewayLoanDocuments, herein the "LoanDocuments"); and
NOTICE OFFORECLOSURE SALE— Page1
67963-14/KellerHicks(McKinney)
4909-2455-4333v. 367963- 14WHEREAS, toadditionally securetheIndebtedness, theDeedofTrustcreatedalienon,
amongother things,
certain land
( the
"Land")
situated inCollinCounty,
Texas,
asmore
particularly described onExhibitAhereto, andalienandsecurityinterestincertainother
collateral locatedonorrelatedtotheLandasmoreparticularly described onExhibitBhereto
collectively, the "OtherCollateral") ( theLandandtheOtherCollateral beinghereincollectively
called the "Mortgaged Property"); and
WHEREAS, theIndebtedness evidenced bytheNoteandsecuredbytheDeedofTrust
hasmaturedbyitstermsandisnowwhollydueandpayable; and
WHEREAS, Mortgagee hasmadedemand uponBorrower topaytoMortgagee the
Indebtedness nowdue, butsuchIndebtedness hasnotbeenpaid; and
WHEREAS, pursuanttoandinaccordance withtheauthorityofSection51.0075(c) of
theTexasPropertyCode ( the "Substitute Trustee Statute") andtheDeedofTrust, Mortgagee has
appointed J. RichardWhite, SherryBaldwin, MarinaWalkerandAmandaR. Grainger, eachwith
astreet address of500Winstead Building,
2728N.
Harwood St.,
Dallas,
Texas 75201,
individually andseverally, andnotjointly (collectively, the "Substitute Trustees" or, severally, a
Substitute Trustee"), eachofwhommayactalone, withoutthenecessity ofthejoinderofthe
otherSubstitute Trustees, asthesubstitute trusteeintheplaceandsteadofandtosucceedtoall
oftherights, titles, estates, powers, privileges andauthorities grantedintheDeedofTrusttothe
Original Trustee, andanypreviouslyappointed substitute trustee( s); and
WHEREAS,
Mortgagee,
asthecurrentbeneficiaryunder theDeedofTrust,
has
instructed theSubstitute Trustees, oranyoneofthem, actingalonewithoutthenecessityofthe
joinderoftheotherSubstitute Trustees, topost, fileandmail, orcausetobeposted, filedand
mailed, appropriate noticeandtoselltheMortgaged Property, subjecttotheexceptions setforth
herein, tosatisfy, inwholeorinpart,theunpaidIndebtedness; and
WHEREAS, theMortgaged Property willbesold " as-is"
withoutanyexpressed or
impliedwarranties, exceptastowarranties oftitle, andatthepurchaser' sownrisk (andnotasa
consumer) pursuanttoSection51.009oftheTexasPropertyCode, subjecttotheexceptions set
forthherein.
NOW, THEREFORE, NOTICE ISHEREBY GIVENthatonTuesday, November 4,
2025 ( the "Foreclosure Date"), noearlier than10:00a.m., ornolaterthanthreehoursafterthat
time, theSubstitute Trustees, oranyoneofthem, actingalonewithoutthenecessity ofthe
joinderoftheotherSubstitute Trustees, willcommence thesaleofalloraportionofthe
Mortgaged Property, subjecttotheaforesaid exclusions, inparcelsorasawhole, atpublic
auctiontothehighestbidderforcash, pursuanttotheDeedofTrustandapplicable law; suchsale
willbeheldatthefollowing designated area, whichareawasdesignated bytheCommissioner' s
Court ofsaidCounty:
thefrontstepsoftheCollinCountyCourthouse locatedat
2100Bloomdale Road, McKinney, Texas 75071, orsuchotherareaassuchCommissioner' s
Courtmaydesignate forthesubjectsale; SUBJECT, HOWEVER, toallliens, exceptions totitle,
easements, restrictions, andencumbrances affecting anyoftheMortgaged Property ortitle
theretowhichhaveequalorsuperiorprioritytothelienandsecurityinterestcreatedbytheDeed
ofTrust, andfurther subject totheotheraforesaid exclusions.
TheSubstitute Trustee' ssalewill
NOTICE OFFORECLOSURE SALE— Page2
67963- 14/KellerHicks(McKinney)occurbetweentheearliesttimetobeginthesaleasspecified aboveand4:00p.m. onthe
Foreclosure Date.
Ifsuchsaleorsalesdonotresultinfullsatisfaction ofalloftheIndebtedness nowdue,
thelienandsecurityinterestoftheDeedofTrustshallremaininfullforceandeffectinrespect
ofanyoftheMortgaged Propertynotsosoldandanyandallothertypesofrealandpersonal
propertycoveredbytheDeedofTrustandnotdescribed herein.
Assertandprotect yourrightsasamember ofthearmedforcesoftheUnited States.
Ifyouareoryourspouse isserving, orwithin thelastnine (9) months haveserved, on
activemilitary duty, including activemilitary dutyasamember oftheTexasNational
Guard ortheNational Guard ofanother stateorasamember ofareserve component of
thearmedforcesoftheUnitedStates, pleasesendwritten noticeoftheactivedutymilitary
service tothesenderofthisnoticeimmediately.
INWITNESS WHEREOF, theundersigned Substitute Trustee hassignedthisnoticeas
ofOctober 1,3, 2025.
Theremainder ofthispageisintentionally leftblank.]
NOTICE OFFORECLOSURE SALE— Page3
67963- 14/KellerHicks(McKinney)SUBSTITUTE TRUSTEE:
11 a.,
scat,
Name:
Sherrytldwin
STATE OFTEXAS
COUNTY OFDALLAS
§
Thisinstrument wasACKNOWLEDGED beforemeonOctoberr3, 2025, bySHERRY
BALDWIN, inthecapacity thereinstated.
SEAL]
LU--nQtL
_
NotaryPublicinandfortheStateofTexas
MyCommission Expires:
PrintedNameofNotaryPublic
1%Ittll,,'
N-a
1714.ZOFj p//\
C>,,QF40066:scy
1''S06'2°'L`"'
NOTICE OFFORECLOSURE SALE— Signature Page
67963- 14/KellerHicks(McKinney)EXHIBIT A
Land
Tract# 1:
SituatedintheCountyofCollin, StateofTexas, beingapartoftheT. J. McDonald Survey,
AbstractNo. 576, andbeingapartofthedescribed 12.826acretractoflandconveyed byJim. C.
Ledbetter toMorton Buildings, Inc., bydeeddatedMarch3, 1977, recorded inVolume 1042,
Page792, DeedRecords, CollinCounty, Texas, andbeingmoreparticularly described bymetes
andbounds asfollows:
Beginningatafound1/2" steelrodatthenortheast corner ofLot2, BlockA, Lots1, 2, & 3, of
FutureEquipment Addition, anadditiontotheCityofMcKinney, TexasasrecordedinVolume
M, Page28, PlatRecords, CollinCounty, Texas;
ThenceNorth88°42'28" East, passingafound1/2" steelrodatadistanceof468.97feet, inalla
distanceof498.98feettoapointineastlineofsaid12.826acretract;
Thence South00°17'O1" East, withsaideastline, adistance of396.67feettoaset1/2" steelrod
atthesoutheast cornerofsaid12.826acretract;
Thence South88°38'03" West, withthesouthlineofsaid12.826acretract, adistance of499.26
feettoafound1/2" steelrodatthesoutheast cornerofLot3R, FutureEquipment Addition, as
recordedinDoc.No. 2006-348, OfficialPublicRecords, CollinCounty, Texas;
Thence North00°14'40" West, withtheeastlineofsaidLot3R, adistance of397.31feettothe
PointofBeginning andcontaining 4.548acres.
LESSANDEXCEPT thatportiondedicated forMcLarryDriveasfollows:
BEING 0.053acreoflandlocated intheTHOMAS MCDONALD SURVEY, Abstract No. 576,
McKinney, CollinCounty, Texas, andbeingaportionofthetractoflandconveyed toMorton
BLDGS Inc., bythedeedrecorded inVolume 1042, Page792, oftheDeedRecords ofCollin
County, Texas. Said0.053acreoflandbeingmoreparticularly described bymetesandbounds
asfollows;
BEGINNING atapointattheNortheast cornerofaforesaid MortonBLDGSInc. Tract, lyingin
theEastlineofaforesaidMcDonald Surveyandtheapproximate centerline ofMcLarryDrive.
SaidPOINTOFBEGINNING alsobeinglocatedS00°13'45" E191.38feet, fromaIronrod
foundattheSoutheast cornerofatractoflandconveyed toHoward Hamilton andAlexander R.
Modelski, bythedeedrecordedinInstrument No. 94-0025396, oftheOfficialPublicRecordsof
CollinCounty, Texas;
THENCE S00° 12' 37" E124.46feet, alongtheEastboundary lineofsaidMortonBLDGSInc.
TractandtheWestboundary lineofatractoflandconveyed totheCityofMcKinney forright-
of-waydedication, bythedeedrecordedinInstrument No. 20140822000905820, oftheOfficial
Public Records ofCollinCounty, Texas, toaWironrodmarked " Brittain& Crawford" set;
EXHIBIT A,Land— Page1
67963- 14/KellerHicks(McKinney)THENCE NORTHWESTERLY 127.98feet, alongacurvetotheright, havingaradiusof380.00
feet, acentral angleof19°17'47", andachordbearingN13°36'21" W127.37feet, toa1/2" iron
rodmarked " Brittain & Crawford" setintheNorthboundary lineofaforesaid MortonBLDGS
Inc. Tract;
THENCE N88°43'26" E29.51feet, alongtheNorthboundary lineofsaidMortonBLDGSInc.
Tract, tothePOINTOFBEGINNING containing 0.053acre (2,293squarefeet) ofland.
Tract# 2:
BeingpartofLot1, BlockA, ofFUTURE EQUIPMENT ADDITION, anAdditiontotheCityof
McKinney, CollinCounty, Texas, according tothePlatthereofrecordedinCabinetM, Page28,
PlatRecords, CollinCounty, Texas.
Beginning ata1/2" steelrodfoundforthenortheast cornerofsaidLot1;
ThenceSouth00°16'23" East, withtheeasterlylineofsaidLot1, adistanceof191.12feettoa
1/2" steelrodfoundforthesoutheast cornerofsaidLot1;
ThenceSouth88°40'37" West, withthesoutherly ofsaidLot1, adistanceof870.04feettoa
1/2" steelrodfoundforthesouthwest cornerofsaidLot1;
ThenceNorth11°33'35" East, withthewesterlylineofsaidLot1, distanceof121.08feettoa
1/2" steelrodsetforthesoutherly cornerofacalled0.0035acretractoflanddescribed inthe
deedtoStateofTexasrecorded inInstrument No. 20061228001820400, Official PublicRecords,
CollinCounty, Texas;
ThenceNorth14°38'23" East, crossingsaidLot1, withtheeasterlylineofsaid0.0035acretract,
adistance of76.25feettoa1/2" steelrodsetforthenortheast cornerofsaid0.0035acretract;
ThenceNorth88°41'39" East, withthenortherlylineofsaidLot1, adistanceof825.58feetto
thePoint-of-Beginning andcontaining 3.727acresofland, moreorless.
EXHIBIT A,Land—Page2
67963- 14/KellerHicks(McKinney)EXHIBIT B
OtherCollateral
AllofMortgagor' sright, titleandinterestin, toandundertheLandandthefollowing
items,
whether nowowned orhereafter acquired byMortgagor,
allofwhich,
including
replacements andadditions thereto, shallbedeemedtobeandremainapartoftheMortgaged
PropertycoveredbytheDeedofTrust,
andallrights,
hereditaments andappurtenances
pertaining thereto, allofwhicharereferredtoasthe "Mortgaged Property".
a)
Anyandallbuildings, improvements ( including, butnotlimitedto, roads, curbs,
gutters, publicutilities, anddrainage systems), andtenements noworhereafter attached toor
placed, erected, constructed, ordeveloped ontheLand (the "Improvements");
b)
Allequipment, fixtures, furnishings, inventory, andarticlesofpersonalproperty
the "Personalty") noworhereafter attached toorusedinorabouttheImprovements orthatare
necessary orusefulforthecomplete andcomfortable useandoccupancy oftheImprovements
forthepurposes forwhichtheywereoraretobeattached, placed, erected, constructed or
developed, orwhichPersonalty isormaybeusedinorrelatedtotheplanning, development,
financing oroperation oftheImprovements, andallrenewals oforreplacements orsubstitutions
foranyoftheforegoing, whetherornotthesameareorshallbeattachedtotheLandor
Improvements;
c)
Allwaterandwaterrights, timber, crops, andmineralinterestpertaining tothe
Land;
d)
Allbuildingmaterials andequipment noworhereafter delivered toandintended
tobeinstalledinorontheLandortheImprovements, andallotherbuildingmaterials, regardless
oflocation, intended tobeinstalled inorontheLandortheImprovements;
e)
Allplansandspecifications fortheImprovements andforanyfuturedevelopment
oforconstruction ontheLandandallcontractsandsubcontracts relatingtotheconstruction of
theImprovements ontheLand;
I)
Allrights (butnotMortgagor' sobligations) underanycontractsrelatingtothe
Land,
theImprovements orthePersonalty,
including,
without limitation,
allsalesand
professional contracts;
g)
Alldeposits ( includingtenantsecuritydeposits), bankaccounts, funds, deedsof
trust, notesorchattelpaperarisingfromorbyvirtueofanytransactions relatedtotheLand, the
Improvements orthePersonalty;
h)
Allrights (butnotMortgagor' sobligations) underanydocuments, contractrights,
accounts,
commitments,
construction contracts
( andallpayment andperformance bonds,
statutoryorotherwise, issuedbyanysuretyinconnection withanysuchconstruction contracts,
andtheproceedsofsuchbonds), architectural contracts, engineering contracts, andgeneral
Other Collateral— Page1
67963- 14/KellerHicks(McKinney)intangibles ( includingwithoutlimitation trademarks, tradenames, andsymbols) arisingfromor
byvirtueofanytransactions relatedtotheLand, theImprovements, orthePersonalty;
i)
Allpermits, licenses, franchises, certificates, andotherrightsandprivileges now
ownedorheldorhereafter obtained inconnection withtheLand, theImprovements, orthe
Personalty;
j)
Alldevelopment rights, utilitycommitments, waterandwastewater taps, living
unitequivalents, capitalimprovement projectcontracts, utilityconstruction agreements withany
governmental authority, including municipal utilitydistricts, orwithanyutilitycompanies ( and
allrefundsandreimbursements thereunder) relatingtotheLandortheImprovements;
k)
Allproceedsarisingfromorbyvirtueofthesale, leaseorotherdisposition ofthe
Land, theImprovements, orthePersonalty;
1)
Allproceeds ( including premium refunds) ofeachpolicyofinsurance relatingto
theLand, theImprovements, orthePersonalty;
m)
Allproceedsfrom thetakingofanyoftheLand,
theImprovements,
the
Personally oranyrightsappurtenant theretobyrightofeminentdomainorbyprivateorother
purchase inlieuthereof, including changeofgradeofstreets, curbcutsorotherrightsofaccess,
foranypublicorquasi-publicuseunderanylaw;
n)
Allright, title, andinterestinandtoallstreets, roads, publicplaces, easements,
andrights-of-way, existingorproposed, publicorprivate, adjacenttoorusedinconnection with,
belonging orpertaining totheLand;
o)
Alloftheleases, rents, royalties, bonuses, issues, profits, revenues, orother
benefitsoftheLand, theImprovements, orthePersonalty, including withoutlimitation cashor
securities deposited pursuanttoLeasestosecureperformance bythetenantsoftheirobligations
thereunder;
p)
Allconsumer goodslocatedin, on, orabouttheLandortheImprovements or
usedinconnection withtheuse oroperation thereof; however, neither theterm " consumer
goods" northeterm "Personalty" includesclothing, furniture, appliances, linens, china, crockery,
kitchenware, orpersonaleffectsusedprimarily forpersonal, family, orhousehold purposes;
q)
Allotherinterestofeverykindandcharacter thatMortgagor nowhasoratany
timehereafteracquiresinandtotheLand, Improvements, andPersonalty andallpropertythatis
usedorusefulinconnection therewith, including rightsofingressandegressandallreversionary
rightsorinterestsofMortgagor withrespecttosuchpropertyandallofMortgagor' srights (but
notMortgagor' sobligations) underanycovenants, conditions, andrestrictions fortheLand, as
thesamemaybeamended fromtimetotime, including Mortgagor' srights, title, andinterests
thereunder asdeclarant ordeveloper, ifapplicable; and
r)
Allproductsandproceeds ofthePersonalty ( thePersonalty andotherpersonal
property described hereinabove beingsometimescollectively referred toasthe
"Personal
Property").
Other Collateral— Page2
67963- 14/KellerHicks(McKinney)
Appraised Value
$1,174,813
Default Amount
$4,375,848
Potential Savings: -$3,201,035
Auction Date
November 4, 2025 10:00 AM
Foreclosure Type
mortgage
Current Owner
AIP MCKINNEY LLC
2025 We Good LLC. All Rights Reserved