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350 E LOUISIANA ST

MCKINNEY, TX 75069
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ID: 2785281
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Legal Description

BPP AT 350 E LOUISIANA ST

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Property Overview

Bedrooms

Bathrooms

0

Sq Ft

0

Year Built

Foreclosure Description

FILED NOTICE OFSUBSTITUTE TRUSTEE SALE Deeds ofTrust:
2025DEC1'5PH3: 58 Date:

March 4, 2022 sT1
,_,,citsEfPGrantor: LocalYocalLLC, aTexaslimitedliability company COUtIyOLE? GrantorCounty:


CollinCounty COLLs`iCOU,fl-Y.TEXAS Beneficiary:

FirstCommonwealth BankrD, Ty Original Trustee:

DavidM. Clem, asTrustee, orhissuccessors orsubstitutes Recording Information: TheDeedofTrustexecuted onMarch4, 2022, andfiledofrecordonMarch18, 2022, as Document No.20220318000436020, intheOfficialPublicRecordsofCollinCounty,Texas,executed byLocalYocal LLC,forthebenefit ofFirstCommonwealth Bank( the"FirstDeedofTrust"),securing theobligations ofBorrower( s) underthatPromissory NotedatedMarch4, 2022, intheoriginal principalamountof$300,000.00; andthatcertainDeedofTrustexecutedonMarch4, 2022,andfiled ofrecordonMarch24, 2022,asDocument No. 20220324000470600, intheOfficial PublicRecords ofCollinCounty, Texas, executedbyLocalYocalLLC, forthebenefitofFirstCommonwealth Bank the"Second DeedofTrust")(collectively withtheFirstDeedofTrust, the"DeedsofTrust"), securing theobligations ofBorrower( s)underthatcertainPromissory NotedatedMarch4,2022, intheoriginal principal amountof$3,866,600.00. TheFirstPromissory Note: Date:

March4, 2022 Amount: 300,000.00 Borrowers:

LocalYocalLLC,aTexaslimitedliabilitycompany, and350E. Louisiana LP, aTexaslimitedpartnership, includingtheirsuccessors and assigns Payee/ Holder: FirstCommonwealth Bank, anditssuccessors andassigns TheSecondPromissory Note: Date:

March4,2022 Amount: 3,866,600.00 Borrowers:

LocalYocalLLC, aTexaslimitedliabilitycompany, and350E. Louisiana LP, aTexaslimitedpartnership, includingtheirsuccessors and assigns Payee/Holder: FirstCommonwealth Bank, anditssuccessors andassigns Obligations Secured:
TheFirstDeedofTrustexecuted byGrantorsecuresthepayment oftheindebtedness inthe originalprincipalamountof$300,000.00, andtheSecondDeedofTrustexecutedbyGrantorsecures thepaymentoftheindebtedness intheoriginalprincipalamountof$3,866;600.00andobligations therein described including, butnotlimited to, ( a) thePromissoryNote( s) (the "Notes"); ( b) all renewals, modifications, andextensions oftheNotes; and(c)astheNotesmaybeamended, extended, restated, orotherwise modified fromtimetotime. Becauseofdefaultintheperformance ofthe obligations oftheDeedsofTrust, FirstCommonwealth Bank, thecurrent ownerandholder ofthe NOTICE OFSUBSTITUTE TRUSTEE' SSALE PAGE 1NotesandDeedsofTrust, hasauthorized theSubstitute Trustee(s) toselltheProperty tocollectthe debt. Property tobeSold: ThepropertytobesoldissecuredbytheDeedsofTrustthatcreateslienson, amongother things, thatcertainrealpropertysituatedinCollinCounty, Texas, asmoreparticularly described on Exhibit Aattached hereto ( the "Property"). TotheextentthatanyofthePropertyhasbeenreleased fromthelienoftheDeedsofTrust,thisnoticeisnotintended tocoversuchProperty, andsuchProperty willnotbepartofthePropertyconveyed tothepurchaser hereunder. DateofSale:
Tuesday, January6,2026 TimeofSale: 9:00a.m. CT, ornolaterthanthree (3)hoursaftersuchtime. Place ofSale: ThefrontstepsoftheCollinCountyCourthouse locatedat2100Bloomdale Road, McKinney, Texas75071, orasdesigned bytheCollinCounty Commissioners Court, pursuanttoSection51.002oftheTexasProperty Code. Terms ofSale: Thesalewillbeconducted asapublicauctiontothehighestbidderforcash, subjecttothe provisions oftheDeedsofTrustpermitting FirstCommonwealth Banktohavethebidcreditedtothe NoteuptotheamountoftheunpaiddebtsecuredbytheDeedsofTrustatthetimeofsale. Thesalewillbemadeexpressly subjecttoanytitlematterssetforthintheDeedsofTrust, but prospective biddersarereminded that, bylaw, thesalewillnecessarily bemadesubjecttoallother mattersofrecordaffectingtheProperty, ifany, totheextentthattheyremaininfullforceandeffect andhavenotbeensubordinated totheDeedsofTrust.ThesaleshallnotcoveranypartoftheProperty thathasbeenreleasedfromthelienoftheDeedsofTrust.Prospective biddersarestronglyencouraged toexaminetheapplicable propertyrecordstodetermine thenatureandextentofsuchmatters, ifany. Pursuant totheDeedsofTrust, FirstCommonwealth Bank, thecurrent ownerandholder of theNotesandDeedsofTrusthastherighttodirecttheTrusteetoselltheProperty inoneormore parcelsand/ortosellalloronlypartoftheProperty. Pursuant toSection51.009oftheTexasProperty Code, theProperty willbesoldin "ASIS, WHERE IS" condition, withoutanyexpressorimpliedwarranties, exceptastothewarranties oftitle, ifany,providedforundertheDeedsofTrust.Purchasers willbuytheproperty" atthepurchaser' sown risk"and"athis/herperil,"andnorepresentation ismadeconcerning thequalityoftitletobeacquired. Purchasers willreceivewhatever interestGrantorandGrantor'sassignshaveintheProperty. The Propertywillbepurchased subjecttoanyandallliens, exceptions totitle, easements, restrictions, and encumbrances affecting anyoftheProperty ortitletheretowhichareequalorpriortotheliensand securityinterestscreatedbytheDeedsofTrust. TheDeedsofTrustpermitstheBeneficiary topostpone, withdraw, orreschedule thesalefor anotherday. Inthatcase, theTrustee, oranysubsequently appointed Trustee, neednotappearatthe date, time, andplaceofaschedulesaletoannounce thepostponement, withdrawal, orrescheduling. Noticeofthedateofanyrescheduled foreclosure salewillbereposted andrefiledinaccordance with NOTICE OFSUBSTITUTE TRUSTEE' SSALE PAGE 2thefilingandpostingrequirements oftheTexasProperty Code. Thereposting orrefilingmaybeafter thedateoriginally scheduled forthissale. Interested partiesareencouraged toconsultcounseloftheirchoicepriortoparticipating inthe saleoftheProperty. Removal andAppointment ofSubstitute Trustee toConduct Sale: Inaccordance withSection51.0076oftheTexasProperty Code, FirstCommonwealth Bank appoints DavidM. Clem, Megan A.Altobelli, orKenna S. Lemon asSubstitute Trustee( s)tosucceed toalloftherights,powers,dutiesandestatesgrantedanddelegated intheDeedsofTrusttotheOriginal Trustee. TheSubstitute Trustee' saddress isBLANK ROMELLP,200Crescent Court,Suite1000,Dallas, Texas75201. THISINSTRUMENT APPOINTS THESUBSTITUTE TRUSTEE( S) IDENTIFIED TOSELL THEPROPERTY DESCRIBED INTHESECURITY INSTRUMENT IDENTIFIED INTHIS NOTICE OFSALE. THEPERSON SIGNING THISNOTICE ISTHEATTORNEY OR AUTHORIZED AGENT OFTHEMORTGAGEE ORMORTGAGE SERVICER. EXECUTED inmultiple originals: December 12, 2025. NoticePursuant toTex.Prop. Code 51.002(i): Assertandprotectyourrightsasamember ofthearmed forces oftheUnited States. If avidM. youareoryourspouse isservingonactiveMegan A.Altobelli military duty,includingactivemilitary dutyKenna S. Lemon asamember oftheTexas National Guard or BLANK ROME LLP theNational Guard ofanother state orasa 200Crescent Court, Suite1000 member ofareserve component oftheDallas, Texas75201 armed forces oftheUnited States, please972) 850-1450Main send written notice ofthe activeduty972) 850-1485D. ClemDirect militaryservice tothesender ofthis notice 972) 850-1467M.Altobelli Direct immediately.


972) 850-1465K. Lemon Direct STATE OFTEXAS COUNTY OFDALLAS Beforeme,theundersigned NotaryPublic,onDecember 12,2025,personally appeared Kenna S. Lemon, asSubstitute Trustee, knowntometobethepersonwhosenameissubscribed tothe foregoing instrument andacknowledged tometheshe/heexecutedthesameforthepurposesand consideration expressed therein. Ott., FAWNGOMEZ 1,1MyNotaryID#107247811 oF;*"•-
Expires December 27,2028NotaryPublicinan..for TheStateofTexas NOTICE OFSUBSTITUTE TRUSTEE' SSALE PAGE 3EXHIBIT " A" LEGAL DESCRIPTION PARCEL: 2785281 SITUATED INTHECITYOFMCKINNEY, COLLINCOUNTY, TEXAS, INTHEWILLIAM DAVISSURVEY, ABSTRACT NO.248,BEINGASURVEYOFTHELASTMENTIONED TRACTOFTHETWOEXCEPTED TRACTS DESCRIBED INACORRECTION DEEDFROMUNIONPACIFIC RAILROAD COMPANY TODALLAS AREARAPID TRANSIT ( DART). DATEDJANUARY 17, 2003, RECORDED INVOLUME 5443, PAGE5532OFTHECOLLIN COUNTY DEED RECORDS ( HEREAFTER REFERRED TOASTRACT 1), ANDDESCRIBED BYMETES AND BOUNDS ASFOLLOWS: BEGINNING ATA1/2INCHIRONPINFOUND0.1FOOTEASTOFABUILDING CORNERATTHESOUTHEAST CORNER OFATRACTOFLANDCONVEYED TORICHARD GENESUTTON BYDEEDRECORDED UNDER CLERK'SFILENO. 94-0041512, COLLIN COUNTY, TEXAS, INTHENORTH RIGHT-OF-WAYLINEOF LOUISIANA STREET, SAMEBEINGTHESOUTHWEST CORNER OFSAIDTRACT1; THENCE NORTH00DEGREES 53MINUTES 44SECONDS EAST,WITHTHEWESTLINEOFSAIDTRACT1,A DISTANCE OF201.20FEETTOA1/2INCHIRONPINFOUNDATABUILDING CORNER INTHESOUTH RIGHT-OF-WAYLINEOFVIRGINIA STREET;SAMEBEINGTHENORTHWEST CORNEROFSAIDTRACT1; THENCENORTH89DEGREES 01MINUTE06SECONDS EAST, WITHTHENORTHLINEOFSAIDTRACT1 ANDWITHTHESOUTHRIGHT-OF-WAYLINEOFSAIDVIRGINIA STREET,ADISTANCE OF109.78FEETTOA 1/2INCHIRONPINSETATTHENORTHEAST CORNER OFSAIDTRACT1ANDINTHEWESTRIGHT-OF-WAY LINEOFSAIDDARTTRACT, SAMEBEING30FEETWESTERLY FROMTHECENTEROFTHEEXISTING RAILROAD TRACKS; THENCESOUTH00DEGREES 53MINUTES 53SECONDS WEST, WITHTHEEASTLINEOFSAIDTRACT1 ANDTHEWESTRIGHT-OF-WAYLINEOFSAIDDARTTRACT, ADISTANCE OF201.28FEETTOA1/2INCH IRONPINSETATTHESOUTHEAST CORNER OFSAIDTRACT1ANDINTHENORTHRIGHT-OF-WAYUNEOF SAIDLOUISIANA STREET; THENCE SOUTH89DEGREES 03MINUTES 40SECONDS WEST, WITHTHESOUTHUNEOFSAIDTRACT1 ANDTHENORTHLINEOFSAIDLOUISIANA STREET, ADISTANCE OF109.77FEETTOTHEPLACEOF BEGINNING ANDCONTAINING 0.506ACREOFLAND,MOREORLESS. TOGETHER WITHALLRIGHTS, TITLES, ANDINTERESTS APPURTENANT THERETO INCLUDING, WITHOUT LIMITATION, GRANTOR' SINTEREST, IFANY, INANYANDALLADJACENT STREETS, ALLEYS, RIGHTS OF WAYANDANYADJACENT STRIPS ANDGORES ( SUCHLANDANDINTERESTS AREHEREINAFTER COLLECTIVELY REFERRED TOASTHE("PROPERTY"). SUBJECT TOALLEASEMENTS, RESTRICTIONS, RESERVATIONS ANDCOVENANTS NOWOFRECORD, TOGETHER WITHTHEMATTERS DESCRIBED INEXHBIT" B" PERMITTED EXCEPTIONS 1.SHORTAGES INAREA. 3.RIGHTSOFTENANTS, ASTENANTS ONLY,UNDERUNRECORDED(. EASEAGREEMENTS. 4. ALLLEASES, GRANTS, EXCEPTIONS ORRESERVATIONS OFCOAL, LIGNITE, OIL, GASANDOTHER MINERALS, TOGETHER WITHALLRIGHTS, PRIVILEGES, ANDIMMUNITIES RELATINGTHERETO, APPEARING INTHEPUBLICRECORDS WHETHER USTEDINSCHEDULE BORNOT. THEREMAYBELEASES, GRANTS, EXCEPTIONS ORRESERVATIONS OFMINERAL INTEREST THATARENOTLISTED. 5. THEFOLLOWING, ASSHOWN ONSURVEY DATEDSEPTEMBER 15, 2014, PREPARED BYBRUCEGEER, REGISTERED PROFESSIONAL LANDSURVEYOR NO.4117: A)AERIAL ELECTRIC UNEACROSS SOUTHWEST CORER OFPROPERTY, B)AERIAL ELECTRIC LINEACROSS PROPERTY NEARWESTPROPERTY LINE C)WATER LINE,RUNNING NORTH ANDSOUTH, ACROSS PROPERTY, D)GASLINEANDGASPIPERISERS ALONG WESTPROPERTY LINE, E) ENCROACHMENT OFMETALRAMPANDOTHERAPPURTENANCES FROMADJACENT BUILDING OVER WESTPROPERTY LINE,AND F)PROTRUSION OFROCKPARKING LOTACROSS EASTPROPERTY LINE. TheRealPropertyoritsaddressiscommonlyknownas361EastLouisianaStreet,McKinney, TX75069. NOTICE OFSUBSTITUTE TRUSTEE' SSALE PAGE4

Property Details
Property ID:2785281
Owner Name:LOCAL YOCAL LLC
County:Collin County
Year Built:0
Living Area:0 sq ft
Bedrooms:
Status:
active
Images Available:No
Coordinates:33.19718989285714,-96.61264021428572
Pricing Information

Appraised Value

$302,031

Default Amount

$300,000

Potential Savings: $2,031

Auction Information

Auction Date

January 6, 2026 10:00 AM

Foreclosure Type

mortgage

Owner Information

Current Owner

LOCAL YOCAL LLC

Location & County Info

Coordinates

33.19718989285714,-96.61264021428572

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