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3461 MCLARRY DR

MCKINNEY, TX 75071
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ID: 2111509
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Legal Description

ABS A0576 T J MCDONALD SURVEY, TRACT 3, 4.495 ACRES; PROPOSED LOT 4

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Property Overview

Bedrooms

Bathrooms

0

Sq Ft

0

Year Built

Foreclosure Description

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)

Property Details
Property ID:2111509
Owner Name:AIP MCKINNEY LLC
County:Collin County
Year Built:0
Living Area:0 sq ft
Bedrooms:
Status:
active
Images Available:No
Coordinates:33.2340098,-96.6288723
Pricing Information

Appraised Value

$1,174,813

Default Amount

$4,375,848

Potential Savings: -$3,201,035

Auction Information

Auction Date

November 4, 2025 10:00 AM

Foreclosure Type

mortgage

Owner Information

Current Owner

AIP MCKINNEY LLC

Location & County Info

Coordinates

33.2340098,-96.6288723

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