Foreclosure Notice*
FILED
2f?6MAR17PM2: 25
NOTICE OFFORECLOSURE SALESTACEY E:MP
CCOLT0U8TY C
UNTERK
TEXASDeedofTrust:
Dated: August 24, 2022BY:
Grantor: RAINTOWER INC., aTexasCorporation
Trustee: Matthew CAycock
Lender: M.R. CAVENEE LTD, aTexasLimited Partnership, astoan
undivided 84.21% interest, LAK LENDING, LLC, aTexas
Limited Liability Company, astoanundivided 10.53% interest,
andSPENCER KRESIE, astoanundivided 5.26% interest
LoanServicer: CONRAD PROPERTIES, LLC, aTexas Limited Liability
Company
Recorded: Instrument # 2022-2022000134561, recorded onSeptember 2,
2022, intheofficial RealProperty (Deed) Records ofCollin
County, Texas
Secures: PromissoryNote (" Note") datedAugust24, 2022, intheoriginal
principalamountof$380,000.00, executedbySteveJ. Penhollow,
President andDirector, onbehalf ofRAINTOWER INC., aTexas
Corporation (" Borrower") andpayabletotheorderofLender
MaturityDate: February 24, 2023
Assignment of
DeedofTrust:
Dated: January1, 2025
Grantor: LAKLENDING, LLC, aTexasLimitedLiability Company, asto
anundivided 10.53% interest
Grantee: M.R. CAVENEE LTD, aTexasLimitedPartnership
LoanServicer: ConradProperties, aTexasLimitedLiability Company
Recorded: Instrument # 2026-2026000018028, dated/signedonDecember 30,
2024, and effective dateofJanuary1, 2025, andrecorded on
February12, 2026, intheofficialRealProperty (Deed) Recordsof
CollinCounty, Texas.
Legal Description: SITUATED INCOLLIN COUNTY, TEXAS, OUTOFTHE
J. WORRALL SURVEY, ABST. NO. 1036ANDBEINGA
PARTOFACALLED 120ACRETRACTCONVEYED BY
K.J. MAIER, ETUX, TOKARL MAIER, ETAL, ON
MARCH 11, 1927, ASRECORDED INVOL. 265, PAGE582,
DEED RECORDS OFCOLLIN COUNTY, TEXAS, and
beingmoreparticularly described bymetesandboundsinthe
attachedExhibit "A" andmorecommonly knownas17838FM
455, Celina, COLLIN County, Texas75009
NOTICE OFFORECLOSURE SALEPAGE1OF4
CONRAD- 17838 FM455[2026- 11019]( Fc#I)(1111111IIllhIIIII`IIIIIIIIIIIIII
4869109FORECLOSURE SALE:
Date: Tuesday, April7, 2026
Time: ThesaleofthePropertywillbeheldbetweenthehoursof10:00
a.m. and1:00p.m. localtime; theearliesttimeatwhichthe
Foreclosure Salewillbeginis10:00a.m. andnotlaterthanthree
hoursthereafter.
Place: THESOUTHWEST ENTRANCE OFTHEJACKHATCHELL
COLLINCOUNTY ADMINISTRATION BUILDING LOCATED AT
2300BLOOMDALE ROAD, MCKINNEY, TEXAS 75071, ORIF
THEPRECEDING AREAISNOLONGER THEDESIGNATED
AREA, ATTHEAREAMOSTRECENTLY DESIGNATED BYTHE
COLLIN COUNTY COMMISSIONERS COURT
Terms ofSale: TheForeclosure Salewillbeconductedasapublicauctionandthe
Propertywillbesoldtothehighestbidderforcash, exceptthat
Lender'sorLoanServicer' sbidmaybebycreditagainstthe
indebtedness securedbythelienoftheDeedofTrust.
Substitute Trustee: BennettM. Wyse, TedGambordella, AndrewBui, ServiceLink
AgencySalesandPosting, LLC, including: CarolDunmon, Mary
Mancuso, MicheleHreha, ShelleyOrtolani, Francesca Ortolani,
GuyWiggs, DavidStockman, BrendaWiggs, DonnaStockman,
JanetPinder, BrandyBacon, MichelleSchwartz, JamieDworsky,
AngelaBrown, PaytonHreha,JeffBentonand/orLeslieShuler
DefaulthasoccurredinthepaymentoftheNoteandintheperformance ofthe
obligations oftheDeedofTrust. Becauseofthatdefault, Lender, theownerandholderofthe
Note, oritsLoanServicer, hasrequested Substitute TrusteetoselltheProperty.
TheDeedofTrustmayencumberbothrealandpersonalproperty. Formalnoticeis
herebygivenofLender's, orLoanServicer'selectiontoproceedagainstandsellboththereal
propertyandanypersonalpropertydescribedintheDeedofTrustinaccordancewithLender's
rightsandremediesundertheDeedofTrustandsection9.604(a) oftheTexasBusinessand
Commerce Code.
Therefore, noticeisgiventhatonandattheDate, Time, andPlacefortheForeclosure
Saledescribedabove, SubstituteTrusteewillsellthePropertyinaccordance withtheTermsof
Saledescribed above, theDeedofTrust, andapplicable Texaslaw.
IfLenderorLoanServicerpassestheForeclosure Sale, thennoticeofthedateofany
rescheduled foreclosure salewillberepostedandreliedinaccordance withthepostingand
filingrequirements oftheDeedofTrustandtheTexasPropertyCode.
NOTICE OFFORECLOSURE SALEPAGE2OF4
CONRAD- 17838 FM455[2026-I1019]( Fc#I)(forthe04/07/26FcSale)._ bmw.03/I6/26TheForeclosure Salewillbemadeexpresslysubjecttoanytitlematterssetforthinthe
DeedofTrust, butprospectivebiddersareremindedthatbylawtheForeclosure Salewill
necessarilybemadesubjecttoallpriormattersofrecordaffectingtheProperty, ifany, tothe
extentthattheyremaininforceandeffectandhavenotbeensubordinated totheDeedofTrust.
Fortheavoidanceofdoubt, theForeclosure SalewillnotcoveranypartofthePropertythathas
beenreleasedofpublicrecordfromthelienand/orsecurityinterestoftheDeedofTrustby
Lender, orLoanServicer. Prospective biddersarestrongly urgedtoexamine theapplicable
propertyrecordstodeterminethenatureandextentofsuchmatters, ifany.
Pursuanttosection51.009oftheTexasPropertyCode, thePropertywillbesold"ASIS,"
withoutanyexpressedorimpliedwarranties, exceptastothewarranties (ifany) providedfor
under theDeedofTrust. Prospective biddersareadvisedtoconductanindependent
investigation ofthenatureandphysicalconditionoftheProperty.
Pursuanttosection51.0075(a) oftheTexasPropertyCode, SubstituteTrusteereserves
theright tosetfurther reasonable conditions forconductingtheForeclosure Sale. Anysuch
furtherconditionsshallbeannouncedbeforebiddingisopenedforthefirstsaleofthedayheld
bySubstitute Trustee.
THIS INSTRUMENT APPOINTS THESUBSTITUTE TRUSTEE( S) IDENTIFIED
HEREINTOSELLTHEPROPERTY DESCRIBED INTHESECURITY INSTRUMENT
IDENTIFIED INTHIS NOTICE OFSALE. THEPERSON SIGNING THISNOTICE IS
THEATTORNEY, SUBSTITUTE TRUSTEE, OROTHERAUTHORIZED AGENTOF
THEMORTGAGEE ORLOANSERVICER.
SUBSTITUTE TRUSTEE:
Bennett M.Wyse, Substitute Trustee
TexasStateBarNo. 24008315
PRATT AYCOCK, LTD.
5910N. CentralExpwy, Suite920
Dallas, Texas75206
DirectOfficeTele: 469-807-3043
MainTele: 214-473-5551
Email: bwyse@prattaycock. com
NOTICE OFFORECLOSURE SALEPAGE3OF4
CONRAD- 17838 FM455[2026- 11019]( Fc#I)(forthe04/07/26FcSale)._ bmw.03/I6/26EXHIBIT " A"
SITUATED INCOLLIN COUNTY, TEXASOUTOFTHEJ. WORRALL SURVEY, ABST
NO. 1036ANDBEINGAPARTOFACALLED 120ACRETRACTCONVEYED BYK.J.
MAIERETUXTOKARLMAIERETALONMARCH 11, 1927,ASRECORDED INVOL.
265, PAGE582, DEEDRECORDS OFCOLLINCOUNTY, TEXAS, SAIDPARTBEING
DESCRIBED MOREPARTICULARLY ASFOLLOWS;
BEGINNING ATANIRONRODFORCORNER SETINTHESOUTHLINEOFSAID
WORRALL SURVEY, SAIDIRONRODBEARSN85°51'40"W, 1106.49FEETFROMTHE
SOUTHEAST CORNEROFSAIDWORRALL SURVEY; THENCEN85°51'40"W, WITH
THEEVIDENCE OFANOLDFENCEANDATURNROWNTHESAIDSOUTHLINEOF
THEWORRALL SURVEY, ADISTANCE OF295.48FEETTOANIRONRODFOR
CORNER, FOUNDINPLACEINTHEEASTR.O.W. LINEOFSAIDFARM-ROADNO.
455; THENCE N7°21'40"EALONGTHEEASTR.O.W. LINEOFSAIDFARM-ROADNO.
455ADISTANCE OF295.48FEETTOANIRONRODFORCORNER SETINSAME;
THENCE S85°51'40"E, 295.48FEETTOANIRONRODSETFORCORNER; THENCE
S7°21'40"W, 295.48FEETTOTHEPLACEOFBEGINNING CONTAINING 2.00ACRES
OFLAND;
andmorecommonlyknownas17838FM455,Celina, COLLINCounty, Texas75009.
NOTICE OFFORECLOSURE SALEPAGE4OF4
CONRAD- 17838 FM455[2026-11019]( Fc#1)(forthe04/07/26FcSale)._ bmw.03/16/26