Valley View Foreclosure

8/3/2019 Valley View Foreclosure

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F.! , , !- ft;NOTICEOF SUBSTITUTERUSTEE'S ALE '?0'?tFf 3

Li 'J r'f' r -* r- I rrr /!- .t ' l i ii l / ' t r r ^'iAr!L;1\

$$$STATEOFTEXASCOUNTYOF DALLASDate:Boryolver:Bo.rrower'sddress:

Helder:Holder's ddress:

Spqci.al eryicer:

Sp-ecial efvicersAddress:Substitute rustees:

Substitute rustees' ddress:

Deedof Trust:

Date:

January 3,2012MacerichValley View Limited Partnership, Califomialimitedpartnershipcio'fhe MacerichCompany401WilshireBoulevard, uite700SantaMonica,CA 90401Attention:CeneralCounseland hiefFinancialOfficerDMARC 20fi6-CD2PRESTONROAD, LLC, a Texasliabilitycompanyc/o LNR Partners, LC1601WashingtonAvenue,uite700Miami Beach, lorida 3139LNR Partners,LLC. a Florida limited liability company,successofby statutoryconversion o LNR Partners, nc., aFloridacorporation160l WashingtonAvenue,uite700MiamiBeach, lorida 3139Mark L. Patterson, effrey J. Zissa, R. Terry Miller, E. JoeBerger II, JohnA. Bain,BeverlyA. Houston,eachof whom isan ndividualandmayact aloneor together eacha "9g!g1!!!g!gTrusteq")clo Akin GumpStraussHauer& Feld LLP1700PacificAvenue, uite4100Dallas, exas 5201Attention: Mark L. Patterson, sq.Deed of Trust, Assignmentof l.eases and Rents, SecurityAgreement nd FixtureFilingasof December 8.2005

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Grantor:Lender:Trustee:Secures:

Recording:

Propertv:

MacerichValley 'iew LimitedPartnership, California imitedpartnershipCermanAmericanCapitalCorporation, MarylandcorporationDavidParnell whohasbeen eplaced)Obligationsunder the PromissoryNote (the "$glg"). datedDecember28, 2005, in the original principal amount of$125,000,000.00,xecuted y Grantor,payable o the order ofLenderandcurrentlyheld by Holder.Recorded ecember 0, 2005, n theRealPropertyRecords fDallas County Texas (the "$ggqg!q'o),as Document No.204543647428,s assignedby Lender to V/ells Fargo Bank,N.A., as Trustee or the RegisteredHoldersof CD 20A6 CD2Commercial Mortgage Pass Tluough Certificates (*Tt&!!gIgggg"), pursuanto that certainAssignment f Deedof Trust,Assignmentof Leasesand Rents, SecurityAgreement andFixture Filing and Assignmentof Assignmentof LeasesandRents.datedasof March 14, 2006and recordedon August 10,2006, as Document No. 20060A2%702 n the Records,asfurtherassigned y Wells Fargo o Bank of America,N.A., asTrustee for the Registered Holders of CD 2AA6-CD?CommercialMortgagePass-ThroughCertificates("@f,gfAW!gg"), pursuant o that certain Assignmentof Deed ofTrust,Assignment f Leases nd Rents,SecurityAgreement ndFixture Filing and Assignmentof Assignmentof LeasesandRents.datedas of June30, 2009 and reeorded n December .2009,as DocumentNo. 200900337825n the Records,and asfurtherassigned y Bank of America o Holdeqpursuanto thatcertainAssignment f Deedof Trust,Assignment f Leases ndRents,SecudtyAgreement nd FixtureFiling and OtherLoanDocuments,atedasaf July 12,?AlAand ecorded n July 13,20i0,asDocument o.201000176958n theRecords.All real property, improvements and personal propertydescribedas collateral n the Deed of Trust (as amendedashereinafter escribed);he legaldescription fthe realpropertyis also, or thesake f conveniencenly,describedn ExhibitA,attached hereto and made a part hereof for all purposes;however, but only to the extent in the last clause of thisparagraph,he descriptionof the real property, mprovementsand personalproperty n the Deedof Trust will control to theextent of any conflict or any deficiency in such descriptioncontainedn this Noticeof Substitute rustee'sSale, t being heintent that the ForeclosureSale will cover all property,real,

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Foreclosure aleDateof Sale:Timeof Sale:

Placeof Sale:

personal,angibleand.intangible, hich constitutes ollateralundero nddescribedn, theDeedof Trust,as amended y thosecertain instrumentsecorded n the Recordsas describedonpageA-5 attached ereto.

Tuesday,ebruar-v.2Al2The sale of the Propertywill takeplacebetween he hoursof10:00A.M. and4:00P.M, ocal ime; he earliestimeat whichthe sale will take place is 10:00A.M., and the sale willcommence ithin threehoursof such ime.At the areadesignated y the Commissioners ourt of DallasCounty,Texas or foreclosure ales, uchdesignated rea,asofthe datehereof,being he areaoutsideon the north side of theGeorgeAllen Sr. Courts Building facing CommerceStreetbelow the overhang, 600 CommerceStreet, Dallas, Texas75242.

HolderhasappointedSubstitute rustees nder he Deedof Trustupon he contingencyand n the manneroutlinedby theDeedof Trust and n accordance ith Chapter5l of the TexasPropertyCode. f)efault has occurredpursuant o the provisionsof the Deedof Trust. Theindebtednessvidenced y theNote s now wholly due. Holder,actingby and hroughSpecialServicer,has instructedSubstituteTrustees o sell the Property oward the satisfactionof theNote.The Deedof Trustmay encumber othreal andpersonal roperty.Notice s herebygivenofHolder's election o proceed gainstand sell both he realpropertyandanypersonal ropertydescribedn the Deedof Trust n accordance ith the Holder's rights and remediesunder heDeedof Trustand Section9.604of theTexasBusiness ndComrnerce ode.Notice s herebygiven haton the Dateof Sale,Substitute rustees ill offer thePropertyfbr saleat publicauctionat the Placeof Sale. o the highestbidder or cash, AS IS" and urthersubject o anyvalid leases f the Property,which eases hallnot terminateasa resultof the sale.THERE WII,I, BE NO WARRANTY RELATING TO TITLE. POSSESSIONOR QUIETENJOYMENT OR THE LIKE FOR THE PERSONALPROPERTY NCLUDED IN THESALE. Holdermay bid by credit againsthe indebtednes$ecutedby the Deedof Trust. TheSubstituterustee(s) onducting heForeclosure alemay,at theiroption,postponehe sale or a

reasonableime to permit the highestbidder(if other han Holder) ta producecash o pay thepurchase ricebid, and the salemay be resumedf the bidderfails to producecash o pay thepurchase ricewithin such ime period,provided n any event he saleshallbeconcluded o laterthan4:00P.M. ocal ime.

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anea^&*-MARK L. PATTERSONAs Substitute rustee

STATEOFTEXASCOUNTYOtr'DALLAS

Beforeme, he undersigneduthority,n the 13? dayof January 012,perscnallyappeared ARK L. PATTERSON,sSubstituterustee.nowno me o be hepersonwhosenames subscribedo the oregoingnstrument"ndheacknowledgedo me hatheexecutedhesamen thecapacityherein tated.

ISEALIMy Commission xprres:0q-D3 h){After recording etum o:Mark L. Patterson, sq.Akin GumpStraussHauer& FeldLLP1700PacificAvenue, uite4100Dallas. exas752A1

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'ffil*$!ffso*iifrreorransltt0dnrEry,O9.8'fit ic, Stateof Texas

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EXUTBIIARealPropertv esal Descrintion

TRACTBEINCa38.050? cretractofland utof thel{. WIIBURNSURVEY,ASSTIACT NO" 5S?,DALLAS County,Texasanilbeingapartof Lot 3, Block Ary409of VALLEY VIEW CENTE&a* additiono theCityaf Dallas, ex*s,as recordedn Volume?3134,Page2254of thcDcedRecsrdrof DALLA$ County,Texas, aidtractbeingmoreparticularlydescribcd s ollsrvs:B3SINNINC at * crcss ound or coilrcr in the sorthrly right-of-wayine of LBJ FreewaylH635 a vuiable width),saidpint being n aneasrerly irection?31.50 *et fromthe irrtersectionof srid northcrly inEof L&I Frunraywith the enst ight-of-wayine of Montfs{t Drivc {50 feetfrarn its ccnhrlinc)e*idpointbeing hesoulbeasterlyonsr of a tracl of land asconvcyedoFederatedDeparhrcnt$torss, *c., by dsed fs recordedn \Iolurne 72IZl, P*ge?l?4 of theDeedRscordc f DAILAS Ccr.urty,eras;THENCE the following Cuurswsnd Dista$cssalong thc abovs said FedcralodDepartm*ntS{ores,nc- ract

N Ia S0'5?nW,?S4.3S*rt to apk. nnil ound&r e corner;N 88o59' 08" E, 31.92eet s apk.nail sEtor r eomer;N I" 00'52' W 448.70est o aph-nail set oracomeqN46" 00'52" W, 5t)6.97e*t [oa I/2' imrtrod oundoracornei;N43s 59 08r'8,2M.97 eerm apk.nail olrxl foracoreriN46s0{}'5?"W"?5S.02 *et ts apk.neil seifor a *orner;N 43" 59'08*A 57.48&+t o aersss Et or I sorner;N 46s00' 52" W, ?8,85 eet o a pk.nail ret for ths beginningof a circularcurveto therighthaving radi$s0f518"50eeq$outhrvesterly,ith nbove$aidcirc.ulareurvs c theright, thrua centralangleof 4o 15'l0"n efi arcdistancef3$.48 et anda thordbearing f$outh 19" J7'56" lV, to apk.nailsetfora corrrer;N 68o08' 5l'r W, ?4.?l fect o a pk nail set or thebeginning f a circular urve o thcIrft havin6aradiusof 300"$* eet;Not*twtstedy,with abrves*id circularcurrlc o the eft, thru a centrsl angleof 2f 07'58" ansrcdistancef I I 5.89Feeio apk.nailset or hnpoixtof tangency;

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S 89" 43' 10"n t0?.5?set o * cross s for a,coutern ths abovecfers$sdMontfortDriw;THENCEN 0" 16'5S"H along p abovc aideastinc of McnrFort rive,33.99 eet o a cmssset br & c.ornsrn tb* southerlyineof atractof landas onveyad s NorthwaodVillage,by deedas ecoded n Volume58036,n**:* of theDeedRwordsofDAtLAS County,Texas;THENCEN 89o43' l0'r S, dong lhe shve saidsouthsrly inc of NodhnoodVillqgc, 26?.00feet o tltl" iro* rodset oracsrn6r;THENCEN 0o IS'JS'*St, dangthacast ine of above sidNorth*'sodVillage,455.61 est o alD' iron rodfound or a re-entrsnt orRer f saidNorthwoodVillagcuact;THFNCHS89e53' 30"E,continuing long hesoutherlyine of Nor{hwood illage,859.?? netto alf2" iron rryl set f*r s sorar;nffNCg N 0" 0$'3S"S, alongtheeastarlyineof above aidNorthwoodVillage,309.m fept oa cro$$ $ for acornern th$south ight-of-*ay ine of Alpha Raad 67feetwide);THBNCE S 89o53'30t'& ahng the ab*veseidsouSrinc of Alph* Rsad,35.04 ectto a cn$Bset or c comers*id pointbeirrg hemostnorthnorthwest oms of a tractof larrdas unv*ycd toConstruclionDcvelopers,nc, by decdas reorded in Volume 7W27,Page0083 of &E DedRecords f IIALLA,SCountp Texas;TIIENCE the folloxing Courscsand Disances alcng the oommon inc with abovc ssidConstr$ction evelopasons,:

S0o06'30' W,354,00cftS apk. ndl sct or I comcr;N 89" 53' 30" W*3S8.50eet o a pk.ndl $et or tho beginningof acircularcurvcto thelefthavinga rsdiu of ?8J.SSwt;N$rthwesterlyo $culhwertrlli, with abtlvesaidcirculsr curve c theteft thru a cenfralangleof I 8o5l ?9" il arcdistaacef g3-80cet o apk.nail set or e cilmcriS46"0S'5?"E,395.65ira macro$$et rrracomer;$ 43o59'0S"W, 83.7t feet o a crss$ oi or a cornq;S46" fi'45" n,38?,81 &t io acrcss suhd,oracomqN 89o 7 t5" t, cl$.74eet a apk.nailset or a comer;N 43o59'08uE,320-96eet oaplcnail set ora cornetN 88o5E 08"E, 3S0.14eet oagk.nailset brs comffS 46' 00'5?uE, 66"?? cet o a pk. *ail sethr the beginning f a circular urve o the

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righthaving radiwsf ?81,50eetSoutheastedy,ith abovesaidcirculer curve o the right thru a centralangleof 45" S'SS", fi aredisfancraf 22109 feEt o a l/1. iro* rod for thepointof tangency;S lo C0.52n , ?7"94eet o a l/2" ironrod or a ccmer;I{ 88" 5*' 08" E, 388.$l ftet to a cro$ssetfor a cofirtr in thewestright-of-waylinc ofhestonRoad 100 setwide};

THE'lCg S 0" 45'ffio E, along heabr>veaidwest ine of PrestonRaad,293.15 eet o a lfloirsn rodfounil for a anglcpcinl;THENCES 0" l9'30' E, continuinglangthcahove aidwest ine of PrestonRoad,27.71 eetb * | f?.oronrcd found or a ssrner,s*ittpointbeing he nortbmrterlycornerof a rrct of landasronvey* to Seare,Roebuck& Comparrybydod asrecordeda Vohme49d Page022,f of theFeedRmardrof DALLAS Connty,T*x*s;THENCP along the rnrth*rly, and weslerly line of $cars,Rocbuck& Compmy S*ct ttrefallowingCourse* rdDistancq:

$ 88o5y 0S"W, 368.?9 set a apk-nailset ar s corna{$ l" 00'52*e 2S.35eet o apk"nail set sr acomn:S88o$E 08nW, 519.40cet o a ilZ" irn* rodset ora corncr;S43o59'08' lV, 72.31et to a lf2' inrl rodsel or a cornnr;N 46"0f 52" W, 1M.47 agt o agoirt for t coma4S8*o59'S8"W' ?2.14 s$t o s point or a corn*;$ 43o59' 08"W, 299.93 ect ts a cmss suild fsr * camer;S l" *ff 5?uF.,2?,14 est s s ctnss ound or a corner:S46o00'52nE, t0?.84 eet o acros$ ound or acomer;$ 43o59' 08" V" I I. l2 feet s a cross ound or a corner;S46"00' 5?nE. 94.52 eetto acrs$$sundfor s cornsr;$ lo 00'52" E,363.99 eet o apk.nail fourd or acemcqg 88d5y $8" W,84"05 ffit to apk.rt*il found cr acorner;S l" 0S 52" E, ?9.33 fret to a cross ound or acornsr n the above eferenced orlh lineof LBI freway

TI{E}'{CES 88$59'S3" W" along heabove aidnorth ine of LSJ Freewap33153 feg to &ePglNT SF BEGINNINSand CONTAINING ,657,651squarc eetor 38.0542asresof landmoreor l$$$.TRACTITTHOS$ certaineasemenfsscreated n that certainMemorimdum f Construction,Opcrationand Reciprocal *senerrtAgreement,atedJune19, 1972, iled lune Zg, t9Tl executed y$earc,&oebipit and Cs., andFederatcdDcpartment lcres, [nc., to l{omart }evelopment Co.,recardedn Vnlurnc72171,Page 141,DeedRec


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?7s9,Dsd Records,ndValunne3050. age 901,DmdRccordsof ALTA$County,exas,saideasernentseingot'erandacrosshs racts f land lrerein escnbcd.TRACTTIBEINCatractof landsituatedn tbcH.W.WITBURN URVIY, A-BSTRACTUMBER 56?andboingn Block7409of THB VALLEYVIEWSEOPPING ENTERASDITION, nadditian to th* City of Dallng Texas, occording to the Mep rmorded in Valtlrle 443 on PageI?9? of thc MapR*ordc af DALLr\SCo*nty,Texas, ndbeingmoreprticuhrly dcscribedsfallows:COMMENCINCt the uterssticn f thsEsrt iile of MontfortPlace60'R.O.lil.)and hrSouthineof AlphaR*ad 67'R"O.*.),THENCE" outtS9degw 53nlnules3O ecords ast,along$e Sourhineof AlphaRoad{67'R.O.W.}, aid ine being he North ine of THE VALLEYVlgW StrBDfV$tON,asrcs$rdodn Vslurrc 79236 : Pagt?30? f thoMap Reorrde f DALLASCounty, cxas,adishncc'of 20.88bct o a foundX' forcorner uton $e concntc urb,said X" beinghcPLACEOFBEGINNI}.IG;THENC$"South89 dsgres 53 minutas0seconds ast,continuing long heSouth ine ofAlphnRoad6?'R.O.W.). dbturce 1828.00eeto an ounit X' $rt in cotsretc or comc,qTHfNCg,South 0degrecs6minutc 30socondsVcst,alonghe Yc* line ofaprivrtcdriveasrerardd in VolurncS70E3npigc486of thsDefdRcord$f DAI,LAS Cormty, cxal,adistnncef309.00fft toa l/3 inch oundronmd orcornc[THFNCH, snh89degr 53minutw 0sscorlde eet, distanceof69.?7etoa /2 inchfound appd ron rod nscriptedRPS I5t* forcomenT[{ENCE,Ssuth Ode{ree$6min.{tesSsecsudsasL d-istailcef 45i.6l feets a ll2 irchfoundran udforcsmrr;TltgNCF,South89degnaes3ruinutes0 ueconds est, distancs f 27?.0Scsl toa brmdPJL nail in the East inr $f Msntf{rrtkive (60' R.O.W.} for curnsr;THFNCE,ltforth 00 degrees16rninutes50 sccondsWe*t a distencecfdl6,@ fectalong he Fettline of Montfo* Place{60'RO,'ff,} to s found "X" cut in concrete*t the Southucsl cornerof Lol6 ofsaidValleyYiewSuHivi.riancrcarncr;THENCE, srth89degres43min$tesSsecondsasta distarre f J19.S?eetdongrtre$outhinecf saidVall*y iewSubdivieioqoI found Knail n rock orcorner;THEFICE,arth )0degrees6mincts0ssc.ondsast, distancef 148.33ect longh*$astlinesf saidValle-v iewSubd:visionaeka hePLACIOf BEGINNINOnd ontrining9.9466cres433,2?4.56quameet} f and,mcre r ms.

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LESSAND EXCEPTFROM THE FOREGOING ESCRIBED ARCELSOF REALPROPERTYHEFOLLOWING:(I) THATCERTAINPARCELOF REAL PROPERTYV{ORE ARTICULARLYDESCRIBEDN THAT CERTAINPARTIALRELEASEAND RECONVEYANCEATED

JLINE11.2009,RECORDEDUGUST7,20A9,AS DOCUMENT O. 2AA9A0226564.NTHEOFFICIALPUBLIC ECORDSFDALLASCOLTNTY.EXAS: nd(U) THAT CERTAINPARCELOF REAL PROPEKTYMORE PARTICULARLYDESCRIBEDN THATCERTAINPARTIALRELEASE ND RECONVEYANCEATEDJLTNE I, 2009,RECORDEDUGUST ,2}il9" AS DOCUMENT O. 20A9A0226565,NTHEOFFICIAL UBLIC ECORDSF'DALLAS OUNTY,EXAS.

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Valley View Foreclosure

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