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Ad Text
, MO

April 09, 2024

In Re: PR Independence, LLC, a Missouri limited liability companyTRUSTEE'S SALE - For default in the payment of debt and performance of obligations secured by that Multifamily Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated April 15, 2020, executed by PR Independence, LLC, a Missouri limited liability company, as Grantor and Borrower, and recorded April 15, 2020 as Instrument Number 2020E0030839 in the Office of the Recorder of Deeds for Jackson County, Missouri, assumed by 728 N Jennings Rd Partners, LLC, a Missouri limited liability company, by virtue of an Assumption and Release Agreement, recorded March 19, 2021 as Instrument Number 2021E0030016 in the Office of the Recorder of Deeds for Jackson County, Missouri, assigned by Arbor Commercial Funding I, LLC, a New York limited liability company, to Fannie Mae by virtue of an Assignment of Security Instrument, recorded April 15, 2020 as Instrument Number 2020E0030840 in the Office of the Recorder of Deeds for Jackson County, Missouri, the undersigned successor trustee will on April 29, 2024, between the hours of 9:00 a.m. and 5:00 p.m., and more particularly at 2:00 p.m., at the Northerly front door on the south side of the Jackson County Courthouse Annex, 308 W. Kansas Avenue, Independence North, Kansas City, Missouri sell at public venue to the highest bidder for cash: A tract of land being part of the Southwest Quarter of Section 30, Township 50 North, Range 31 West of the 5th P.M., City of Independence, Jackson County, Missouri to wit. Commencing at the South Quarter corner of the said Section 30, thence along the east line of said Quarter Section N02°-33'-54"E 1355.87 ft. to a point; thence leaving said east line N87°-26'-06"W 25.00 ft. to a set iron rod on the west right-of-way line of Jennings Road at the point of beginning; thence leaving said west right-of-way line N87°-26'-06"W 179.71 ft. to a set iron rod; thence N12°-26'-06"W 300.74 ft. to a set iron rod; thence N68°-35'-39"E 281.86 ft. to a set iron rod on said west right-of-way line; thence along said west right-of-way line S02°-33'-54"E 405.00 ft. to the point of beginning, containing 1.80 acres. (the "Land"). The buildings, structures, improvements, and alterations now constructed or at any time in the future constructed or placed upon the Land, including any future replacements, facilities, and additions and other construction on the Land (the "Improvements"); All of Borrower's present and hereafter acquired right, title and interest in all Goods, accounts, choses of action, chattel paper, documents, general intangibles (including Software), payment intangibles, instruments, investment property, letter of credit rights, supporting obligations, computer information, source codes, object codes, records and data, all telephone numbers or listings, claims (including claims for indemnity or breach of warranty), deposit accounts and other property or assets of any kind or nature related to the Land or the Improvements now or in the future, including operating agreements, surveys, plans and specifications and contracts for architectural, engineering and construction services relating to the operation of, or used in connection with, the Land or the Improvements, including all governmental permits relating to any activities on the Land (collectively, the "Personalty"); Current and future rights, including air rights, development rights, zoning rights and other similar rights or interests, easements, tenements, rights-of-way, strips and gores of land, streets, alleys, roads, sewer rights, waters, watercourses, and appurtenances related to or benefitting the Land or the Improvements, or both, and all rights-of-way, streets, alleys and roads which may have been or may in the future be vacated; Insurance policies relating to the Mortgaged Property (and any unearned premiums) and all proceeds paid or to be paid by any insurer of the Land, the Improvements, the Personalty, or any other part of the Mortgaged Property, whether or not Borrower obtained the insurance pursuant to Lender's requirements; Awards, payments and other compensation made or to be made by any municipal, state or federal authority with respect to the Land, the Improvements, the Personalty, or any other part of the Mortgaged Property, including any awards or settlement resulting from (1) Condemnation Actions, (2) any damage to the Mortgaged Property caused by governmental action that does not result in a Condemnation Action, or (3) the total or partial taking of the Land, the Improvements, the Personalty, or any other part of the Mortgaged Property under the power of eminent domain or otherwise and including any conveyance in lieu thereof; Contracts, options and other agreement for the sale of the Land, the Improvements, the Personalty, or any other part of the Mortgaged Property entered into by Borrower now or in the future, including cash or securities deposited to secure performance by parties of their obligations; All present and future leases, subleases, licenses, concessions or grants or other possessory interests now or hereafter in force, whether oral or written, covering or affecting the Mortgaged Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements if Borrower is a cooperative housing corporation), and all modifications, extensions of renewals thereof (the "Leases"); Lease and Lease guaranties, letters of credit and any other supporting obligation for any of the Leases given in connection with any of the Leases, and all rents (whether from residential or non-residential space), revenues and other income from the Land or the Improvements, including subsidy payments received from any sources, including payments under any "Housing Assistance Payments Contract" or other rental subsidy agreement (if any), parking fees, laundry and vending machine income and fees and charges for food, health care and other services provided at the Mortgaged Property, whether now due, past due, or to become due, and tenant security deposits (the "Rents"); Earnings, royalties, accounts receivable, issues and profits from the Land, the Improvements or any other part of the Mortgaged Property, and all undisbursed proceeds of the Mortgage Loan and, if Borrower is a cooperative housing corporation, maintenance charges or assessments payable by shareholders or residents; Deposits in an amount sufficient to accumulate with Lender the entire sum required to pay the following (collectively, the "Impositions"): any water and sewer charges which, if not paid, may result in a lien on all or any part of the Mortgaged Property; the premiums for fire and other casualty insurance, liability insurance, rent loss insurance and such other insurance as Lender may require under the Loan Agreement; all taxes, assessments, vault rentals and other charges, if any, general, special or otherwise, including assessments for schools, public betterments and general or local improvements, which are levied, assessed or imposed by any public authority or quasi-public authority, and which, if not paid, may become a lien, on the Land or the Improvements or any taxes upon any Loan Documents (the "Taxes"); and amounts for other charges and expenses assessed against the Mortgaged Property which Lender at any time reasonably deems necessary to protect the Mortgaged Property, to prevent the imposition of liens on the Mortgaged Property, or otherwise to protect Lender's interests, all as reasonably determined from time to time by Lender, when due (the "Imposition Deposits") ; Refunds or rebates of Impositions by any municipal, state or federal authority or insurance company (other than refunds applicable to periods before the real property tax year in which this Security Instrument is dated); Tenant security deposits; Names under or by which any of the Mortgaged Property may be operated or known, and all trademarks, trade names, and goodwill relating to any of the Mortgaged Property; Collateral Accounts and all Collateral Account Funds; Products, and all cash and non-cash proceeds from the conversion, voluntary or involuntary, of any of the above into cash or liquidated claims, and the right to collect such proceeds; and All of Borrower's right, title and interest in the oil, gas, mineral, mineral interests, royalties, overriding royalties, production payments, net profit interests and other interests and estates in, under and on the Mortgaged Property and other oil, gas and mineral interests with which any of the foregoing interests or estates are pooled or unitized. (collectively, the "Mortgaged Property"). to satisfy said debt and costs. SMF REGISTERED SERVICES, INC., Successor Trustee By: Nicholas J. Zluticky, Vice-President SMF REGISTERED SERVICES, INC. 1201 Walnut Street, Suite 2900 Kansas City, Missouri 64106 (816) 842-8600 2600626 Jackson Apr. 9, 2024

Prior Ad #

Ad # 2616639
Missouri Lawyers Media has abstracted these listings from public notices submitted to us for publication, which we do not independently verify. Where we've been able to enhance listings with supplementary information, that information is unofficial and uncorroborated. For the official version of a public notice, consult the print edition. BridgeTower Media assumes no responsibility for any errors or omissions in these listings and makes no representations regarding their accuracy or reliability.