2826 JUL - 2 Af4 8: 33 NOTICE OF DEFAULT AND FORECLOSURE SALE STACEY KEMP COUNTY CLERK COLLIN OUNTY TF eeaofTA- WHEREAS, on September 28, 2010, acertain.Adjustable Rate Home Equity Cormrslo Reverse Mortgage") was executed byBETTY NICHOLS SPRAGGINS AND.I SEP YNEf)EPUTY SPRAGGINS, asmortgagor in favorofMORTGAGE ELECTRONIC REGISTRATION YSTEMS, INC.,ASBENEFICIARY, ASNOMINEE FOR GENERATION MORTGAGE COMPANY,'ITS SUCCESSORS ANDASSIGNS, asmortgagee and ROBERT K.FOWLER,as trustee, and was recorded on October 8, 2010 under Clerk' s Instrument Number 20101008001091470 inthe real property records of CollinCounty,Texas. WHEREAS, theReverse Mortgage was insured bythe United States Secretary ofHousing and Urban Development( the" Secretary") pursuant totheNational HousingAct forthe purpose ofproviding single family housing; and WHEREAS, thebeneficial interest in the Reverse Mortgage is now owned by the Secretary, pursuant to an assignment datedAugust 10, 2017, and recorded onAugust 22, 2017, under Clerk' s Instrument Number 20170822001121400 inthe real property records ofCollin County, Texas Re-filed on July 17, 2018 under Clerk's Instrument Number 20180717000890370 inthe real property records ofCollin County, Texas; and WHEREAS, adefault has been made in thecovenants and conditions ofthe Reverse Mortgage in that the Mortgagors are-now deceased; and WHEREAS, by virtue ofthe default, the Secretary has declared the entire amount-ofthe indebtedness securedbytheReverseMortgagetobeimmediately dueandpayable; NOW THEREFORE, pursuant topowers vested inme by the Single Family Mortgage Foreclosure Act of 1994, 12 U.S.C.3751 etseq., by24 CFRpart27,subpart B, andbythe Secretary's designation ofme as Foreclosure Commissioner, recorded on October 15, 2007 in Dallas County under Clerk's File Number 20070369306, notice isherebygiventhaton-August4,2026, at 10:00AM local timeornolaterthan three hours thereafter, all real and personal property at or used inconnection with the following described premises(" Property") will be sold at public-auction to the highest bidder: LEGAL DESCRIPTION OF THE LAND LOT 10, BLOCK V OF TIMBERS NO 4, AN ADDITION TO THE CITY OF. ACCORDING TO THE PLAT MURPHY, COLLIN COUNTY, TEXAS, THEREOF RECORDED IN VOLUME H, PAGE 75, MAP RECORDS, COLLIN COUNTY,' 1'1;XAS. Commonly known as: 336SYCAMOREDR,MURPHY,TX75094-3540. The salewill beheld inCollin County,Texas atthefollowing location: THEFRONTSTEPS OFTHE COLLIN COUNTY COURTHOUSE LOCATED AT2100 BLOOMDALE ROAD, MCKINNEY, TX 75071 ORAS DESIGNATED BYTHE COUNTY COMMISSIONER' S OFFICE oras designated bythe County Commissioners Court. . The Secretary ofHousing and Urban Development will-bid$413,68536. There will be no proration oftaxes, rents or other income orliabilities, except that the purchaser will pay, at orbefore closing, his prorate share ofany real estate taxes that have been paid by the Secretary to the date oftheforeclosure sale. Whenmakingtheirbids, all bidders exceptthe Secretary mustsubmitadeposittotaling$41,368.54inthe form ofacertified check orcashier'scheckmadeouttothe SecretaryofHUD. Adeposit need not accompany each oral'bid. Ifthe successful bid is oral, adeposit of$41,368.54mustbe presented before the biddingis closed. Thedepositis nonrefundable. Theremainderofthepurchasepricemustbe delivered within 30 days ofthe sale oratsuch other time as the Secretary may determine for good cause shown; timebeingoftheessence. Thisamount,likethebid deposits, mustbedelivered intheform ofa certifiedorcashier's check. Ifthe Secretary isthehighestbidder,heneednotpaythebidamountincash. The successful bidder will pay all conveying fees, all real-estate and other taxes that are due on or after the delivery date ofthe remainder ofthe payment and all other costs associated with the transfer oftitle. At the conclusionof the sale, the deposits ofthe unsuccessful bidders will-be returned to them. The Secretary may grant an extension oftime within which to deliver the remainder ofthe payment. All extensionswill befor 15-day increments forafeeof$500.00,paid in advance. Theextension feeshall be in the form ofacertified orcashier' s check made payable to the Secretary ofHUD. Ifthe high bidder closes.the salepriortotheexpiration ofanyextensionperiod,theunused portionofthe extension fee shall beappliedtowardthe amount due. 26-000039- 430-1Ifthe high bidder is unable to close the sale within the required period, orwithin any extension oftime grantedbythe Secretary,the highbiddermayberequired toforfeitthecashdepositor,atthe electionof theforeclosure commissioner after consultation with the HUD representative, will be liable to HUD for anycosts incurred as aresultofsuchfailure. TheCommissioner may,atthe direction oftheHUD representative, offer the property to the second highest bidder for an amount equal tothe highest price offered by that bidder. There isno right ofredemption, orright ofpossession based upon aright ofredemption, in themortgagor or others subsequent to aforeclosure completed pursuant totheAct. Therefore, the Foreclosure Commissioner willissue aDeedtothepurchaser(s) upon receipt oftheentire purchase price in accordance with the terms ofthe sale as provided herein. HUD does not guarantee that the property will bevacant. The scheduled foreclosure sale shall be cancelled or adjourned ifitis established, by documented written application ofthe mortgagor to the Foreclosure Commissioner not less than 3 days before the date ofsale, orotherwise, thatthe default ordefaults upon which the foreclosure is based didnot existatthetime of serviceofthis noticeofdefaultandforeclosure sale, orallamountsdueunderthemortgageagreementare tenderedtotheForeclosure Commissioner, inthe form ofacertified or-cashier's check payable tothe Secretary ofHUD,beforepublicauction oftheproperty is completed. The amountthatmust be paid ifthemortgage isto bepaid-infull priorthescheduled sale is$ 413,685.36, plus all other amounts that would be due under the mortgage agreement ifpayments underthe mortgage hadnot been accelerated, advertising costs andpostage expenses incurred in givingnotice, mileage by the most reasonable road distance for posting notices and for the Foreclosure Commissioner' s attendance at the sale, reasonable and customary costs incurred fortitle and lienrecord searches, the necessary out-of- pocket costs incurred bythe Foreclosure Commissioner for recording documents, a commission for the ForeclosureCommissioner,and all other costsincurredin connection withtheforeclosure priorto reinstatement. Tender ofpayment by certified".or cashier's check orapplication forcancellation ofthe foreclosure sale shall be submitted tothe address oftheForeclosure Commissioner provided below. Date: July 1, 2026 L. Keller Mackie Foreclosure Commissioner Mackie Wolf Zientz& Mann, P.C. Parkway Office Center, Suite 900 14160 Dallas Parkway Dallas, TX 75254 214) 635-2650 214) 635-2686 Fax 26-000039- 430- I