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Foreclosure Notice*
START OF PAGE: 140
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 NATIONALGUARD 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 NOTE IMMEDIATELY.
NOTICE OF FORECLOSURE SALE BY SUBSTITUTE TRUSTEE me
Notice is hereby given of a public nonjudicial foreclosure sale. | ea 8 Ss a
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MUS» Po ES
1. -.- Property To Be Sold. The property to be sold is described as foll < a co S 3
Lo mS B Pa
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See Exhibit “A” ae 5 Ae
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The Real Property or its address is commonly known as TBD US Hwy 80 at Clements Dr.
Forney, Texas.
Date, Time, and Place of Sale. The sale is scheduled to be held at the following date,
2.
time, and place:
Date: October 6, 2026
Time: The sale shall begin no earlier than 10:00 a.m. or no later than three hours thereafter.
The sale shall be completed by no later than 1:00 p.m.
Place: Kaufman County Courthouse, Texas, at the following location: 1902 US Highway
175, Kaufman, Texas 75142, with said location having been designated by the
County Commissioner’s Court of Kaufman County, Texas, or such other location
as may be designated by the Commissioners after the sending of this Notice and
before the time of the sale. \
The Lender through its Trustee or Substitute Trustee reserves the right to postpone, withdraw,
or reschedule the sale for another day. In that case, the Trustee or Substitute Trustee under the Deed
of Trust need not appear at the date, time, and place of a scheduled sale, to announce the
postponement, withdrawal, or rescheduling. Notice of the date of any rescheduled foreclosure sale
will be reposted and refiled in accordance with the posting and filing requirements of the Texas
Property Code. Such reposting or refiling may be after the date originally scheduled for this sale.
3. Terms of Sale. The sale will be conducted as a public auction to the highest bidder for cash.
Those desiring to purchase the property will need to demonstrate their ability to pay cash on the day
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the property is sold. Lender or its designee may purchase the property at any sale.
The sale will be made expressly subject to any title matters set forth in the Deed of Trust, but
prospective bidders are reminded that by law the sale will necessarily be “AS IS, WHERE JS,” at
purchaser’s own risk, and made subject to all prior matters of record affecting the property, if any, to
the extent that they remain in force and effect and have not been subordinated to the Deed of Trust.
Prospective bidders are strongly urged to examine the applicable property records to determine the
nature and extent of such matters, if any.
4. Type of Sale. The sale is a nonjudicial deed of trust lien and security interest
foreclosure sale being conducted pursuant to the power of sale granted by Deed of Trust dated July
1, 2024, executed by Alykhan Bahadur Karmali, Manager of Iron Ranch Forney, LLC to Don
Rice, Trustee, recorded as Document #2024-0021114 in the Official Public Records, Kaufman
County, Texas and as further modified by Modification of Deed of Trust dated July 1, 2025
recorded at instrument number #2025-0021557 Official Public Records, Kaufman County, Texas,
and as further modified by Modification of Deed of Trust dated October 1, 2025 recorded at
instrument number #2025-0036592 Official Public Records, Kaufman County, Texas.
5. Obligations Secured. The deed of trust provides that it secures the payment of the
indebtedness and obligations therein described (collectively the "Obligations") including but not
limited to (1) the Promissory Note (the “Note”) dated July 1, 2024 in the original principal sum of
$5,525,000.00, executed by Borrower/Maker Iron Ranch Forney, LLC and payable to the order of
First National Bank and Trust Company of Weatherford, DBA First Bank Texas, and as renewed,
extended by (2) Promissory Note dated October 1, 2025 in the original principal sum of
$5,525,000:00 which was given in renewal and extension and not in novation of the indebtedness
referenced therein, together with all other present and future obligations of Grantor to Lender
secured by the Deed of Trust’s cross-collateralization provisions, if any.
Because of default, acceleration, and/or maturity, the entire unpaid principal balance of the
indebtedness, together with all accrued and unpaid interest, attorneys’ fees, and all other sums secured
by the Deed of Trust and as modified, have been declared immediately due and payable. Questions
concerning the sale may be directed to the undersigned.
6. Default and Request To Act. Default has occurred under the deed of trust, and the
Lender/Beneficiary has requested me, as Substitute Trustee, to conduct this sale. Notice is given that
before the sale the beneficiary may appoint another person as substitute trustee to conduct the sale.
paren: September 4:2026 Erregt Aa
Brooks Ferguson, Substitute Trustee
100 Willow Bend Drive
Willow Park, Texas 76008
Notice of Foreclosure Sale - Page 2
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ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF PARKER §
BEFORE ME, the undersigned Notary public, on Sepoten ber dL 2026,
personally appeared Brooks Ferguson, kpewn-to me to be the person whose name is subscribed to the
(to oh
foregoing instrument and acknowledged
expressed.
NOTARY PUBLIC
STATE OF TEXAS
1D # 132928714
5” My Gomm, Expires 02-16-2029 f
IELISSAL, COUPLAND f
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Exhibit "A"
All that certain lot, tract, or parcel of land, situated in a portion of the John
Gregg Survey, Abstract No. 171, the fsaac Jones Survey, Abstract No. 257, City of
Forney, Kaufman County, Texas, being all of that certain called 1.04 acre tract
described os Tract 3, part of that certain called 28.94 acre tract described as
Tract 4 in a deed to TRBP Limited recorded in Instrument No. 2015-0006510 of the
Deed Records of Kaufman County, Texas (DRKCT), part of that certain called
34.82 acre tract described as Tract 2 in a deed to TRBP. Limited recorded in
Instrument No. 2012-0000071 {DRKCT), and being more completely described as
follows, to-wit:
BEGINNING at a 1/2" iron rod found for the Northeast corer of said 28.94 acre
tract, the most northerly corner of a called 54.755 acre tract described in a
deed to FPLE Forney, L.P. recorded in Volume 1700, Page 132 (DRKCT}, in the
Southwest right-of-way line of U.S. Highway No. 80 (variable width right-of-way),
and being in the approximate centerline of Buffalo Creek, from which a 1/2"
iron rod found for the most easterly corner of a called 1.2626 acre tract
described in a deed to the City of Crandall recorded in Volume 886, Page 337
{ORKCT} and being is said. Southwest right-of-way line bears South 41 deg. 19
min. 17 sec: East - 1,764.85 feet;
THENCE South-00 deg. 38 min. 52 sec. West departing said Southwest right-of-
way line and continue-along the East line of said 28.94 acre tract, the West line
of said 54.755 acre tract, and along the approximate centerline of Buffalo
Creek, a distance of 108.89 feet to a point for comer:
THENCE South 10 deg. 05 min. 37 sec. East along scid East and West lines and
said approximate centerline, a distance of 168.78 feet to a point for corner:
THENCE South 56 deg, 27 min. 18 sec. West along said East and West lines and
said approximate centerline, a distance of 63.15 feet to a point for corner, being
the most easterly corner of Lot 2, Block 2 of Forney Industrial recorded in
Instrument N. 2023-0024545 of the Plat Records of Kaufman Counly, Texas
(PRCT);
THENCE North 42 deg. 40 min. 01 sec. West departing said East and West lines
and said approximate centerline and continue along the Northeast line of said
Lot 2, Block 2, a distance of 1,473.34 feet to a 1/2" capped iron rod found
stamped “GMcivil" for the most northerly corner of said Lot 2, Block 2;
THENCE South 39 deg. 12 min. 14 sec. West along a Northwest line of said Lot 2,
Block 2, a distance of 56.76 feet to a 1/2" capped iron rod found stamped
“GMcivil";
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THENCE South 89 deg. 57 min. 36 sec. West along tne North line of said Lot 2,
Block 2, a distance of 397.89 feet to a 1/2" capped iron rod found stamped
“GMcivil" for the most easterly Southeast comer of a called 17.863 acre tract
described as Tract 1 ina deed to Exeter US Highway 80 Land Il, L.P. recorded in
Instrument No, 2021-0026823 (DRKCT);
JHENCE North 01 deg. 33 min. 44 sec. West departing said North line and
continue along the East line of said 17.861 acre tract, a distance of 399.31 feet
to a 1/2" capped iron rod found stamped “GMcivil” for the Northeast corner of
same;
THENCE South 89 deg. 58 min. 50 sec. Wes! along the North line of said 17.861
acre tract, a distance of 277.77 feet to a 1/2" capped iron rod found stamped
“GMcivil" for the Southeast corner of a called 13.46 acre tract described ina
deed fo Hollingshead Materials, LLC recorded in Instrument Na, 2023-0032522
(DRKCT]}, and being in the West line of said 34.82 acre tract;
THENCE North 06 deg. 33 min. 08 sec. West departing said North line and
continue along said West line and the Eas? line of said 13.46 acre tract, a
distance of 149.67 feet to a 1/2" capped iron red found stamped “GMcivil” for a
Point of Curvature of @ circular curve to the right, having a radius of 700.00 feet,
a central angle of 17 deg. 23 min. 14 sec., and being subtended by a chord
which bears North 02 deg. 08 min. 30 sec. East - 211.61 feet:
THENCE in a northerly direction along said curve to the right and continue along
said East and West lines, a distance of 212.42 feet to a 1/2” capped iron rod
found stamped “GMcivil” for the most westerly Northwest corer of sald 34.82
acre tract and the most westerly comer of said 1.04 acre iract:
THENCE North 33 deg. 12 min. 21 sec. Eas! along said East line and the West line
of said 1.04 acre tract, a distance of 261.59 feet to a 1/2" capped iron rod found
stamped "GMcivil" for the Northeast corner of said 13.46 acre tract, the most
northerly comer of said 1.04 acre tract, and being in the Southwest right-of-way
line of said U.S. Highway No. 80, from which a 1/2” iron rod found in said
Southwest right-of-way line bears North 56 deg. 29 min. 54 sec. West — 367.01
feet;
THENCE South 56 deg. 29 min. 54 sec. East along the Northeast line of said 1.04
acre tract and said Southwest right-of-way line, a distance of 225.32 feet toa
1/2" capped iron rod found stamped "5034" for the most easterly corner of said
1.04 acre tract and the most northerly Northwest corner of said 34.82 acre tract;
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THENCE South 56 deg. 47 min. 15 sec. East along the Northeast line of said 34.82 acre
tract and said Southwest right-of-way line, a distance of 267.49 feet toa 5/8" capped
iron rod found stamped “TXDOT ROW" for a Point of Curvature of a circular
curve to the right, having a radius of 576.33 feet, a central angle of 28 deg. 59
min. 22 sec., and being subtended by a chord which bears South 42 deg. 17
min. 34 sec. East - 288.50 feet;
THENCE in a southeasterly direction along said curve to the right, the Northeast
line of said 34.82 acre tract, and said Southwest right-of-way line, a distance of
291.60 feet to a 1/2” capped iron rod found stamped "“GMcivil", from which a
5/8" iron rod found bears North 18 deg. 44 min. 47 sec, West — 1.26 feet:
THENCE South 27 deg. 47 min. 52 sec. East tangent to said curve and continue
along said Northeast line and Southwest right-of-way. line, a distance of 187.01
feet to a 5/8" iron rod found stamped "TXDOT ROW" for fhe most northerly
corer of a called 0.425 acre tract described in a deed to the State of Texas
recorded in Instrument No. 2021-0030126 (DRKCT);
THENCE in a southeasterly direction departing the Northeast line of said 34.82
acre tract and continue along the Southwest right-of-way line of said U. S.
Highway No. 80 as described in said deed to the State of Texas the following
seven (7) courses;
South 28 deg. 51 min. 22 sec, East, a distance of 73.30 feet to a 5/8"
capped iron rod found stamped “TXDOT ROW";
South 07 deg. 15 min. 42 sec. East, a distance of 31.90 feet to a 5/8"
capped iron rod found stamped "TXDOT ROW";
South 48 deg. 46 min. 52 sec, West, a distance of 141.31 feettoa 5/8”
capped iron rod found stamped "TXDOT ROW":
South 41 deg. 13 min. 08 sec. East, a distance of 140.00 feet to a 5/8”
capped iron rod found stamped “TXDOT ROW";
North 48 deg. 46 min. 52 sec. East, a distance of 160.03 feet toa 5/8"
capped iron rod found stamped "TXDOT ROW";
South 51 deg, 03 min. 32 sec. East, a distance of 109.8) feet to a 5/8"
capped iron rod found stamped “TXDOT ROW";
North 38 deg. 56 min. 28 sec. East, a distance of 1.98 feet to a 5/8" iron rod
found for the most easterly corner of said 0.425 acre tract and being in the
Northeast line of said 34.82 acre tract;
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THENCE in a southeasterly direction along the Northeast lines of said 34.82 acre
and 28.94 acre tracts, and said Southwest right-of-way line the following four (4}
courses:
South 58 deg. 49 min. 06 sec. East. a distance of 332.65 feet toa 5/8"
capped iron rod found stamped “TXDOT ROW";
South 41 deg. 19 min. 04 sec. East, a distance of 500.02 feet to a 5/8” iron
rod found:
South 48 deg. 40 min. 56 sec. West, a distance of 50.14 feet toa 72"
capped iron rod found stamped “GMcivil”:
South 41 deg. 19 min. 17 sec. East, a distance of 224.57 feet to the POINT OF
BEGINNING, containing 769.715 square feet or 17.670 acres of land, more or less.
Notice of Foreclosure Sale — Page 7