ST9301-ES0205018222 Douglas Avenue
Suite 660
Dallas, TX 75225
214/526-3000 or
214/750-1800
FAX 214/750-5900
HUFFINES
PARTNERS, 1NC
May 1, 2002
Mr. Kenneth M. Griffin, P.E.
Director of Engineering/Public Works
255 Parkway
Coppell, TX 75019
Re:
Sandy Lake Road Project #ST 93-01 (MacArthur Blvd. To east city limits)
Parcels 27-2DE 1 & 27-2DE 2 & 27-2SE
Dear Kenneth:
Please be advised that Johnny Thompson now owns the subject property.
Should you have any questions, please call me at 214-750-1800.
Sincerely,
hillip W. Huffines ~3~"
Commercial Real Estate
Land Development and Investments
JAY S. TURNER
ROBERT D. LYBRAND
DAI~ A. BURROWS
TURNER & LYBRAND, P.C.
580 DENTON TAP ROAD
SUITE 280
COPPELL, TEXAS 75019
TELEPHONE: (972)393-1500
FACSIMR.E: (972)304-0072
April 9, 2002
Mr. Steve Kimbrel
MKT Enterprises & Co.
137 S. Holly
Coppell, TX 75019
RE: Foreclosure Sale Deed
Dear Steve:
Enclosed for your files please find a copy of the Foreclosure Sale Deed filed with Dallas
County on April 2, 2002.
If you have any questions, please contact me.
RDL:hb
Enclosure
FORECLOSURE SALE DEED
Date: April 2, 2002
Deed of Trust
Date:. April 8, 1997 ~.< "'~ 'i,~i~
Grantor: ~" ~t;' ,~::
Donald B. Hu~nes Money P~eh~ Pension PI~ Trust~5
8222 Dougl~ Avenue, Suite 660 ~ '/; 3F" ~Z
Don~d B. Huffines Profit Sh~ng PI~ Tm~
8222 Dougl~ Avenue, Suite 660
D~I~, ~ 75225 ~
P~llip W. Huffines Money P~ch~e Pension PI~ Trust
8222 Dougl~ Avenue, Suite 660
D~I~, ~ 75225
Phillip W. Huffines Profit Shrug PI~ Trust
8222 Dougl~ Avenue, Suite 660
D~las, TX 75225
Beneficiau: Steve ~mbml, Adfi~ F. Moore ~d Jo~y J.E. ~ompson
Trustee: Ro~. D. Lybr~d
Recorded in: Volume 97071, Page 1284, of ~e Real Pro~ Records of D~I~ Co~,
Tex~
Prope~: Being two tracts of l~d, a 2.340-acre tract ~d a 3.381-acre tract located in
the W. Pe~ Su~ey, Abstract No. 1152, in Dallas Co~, Text, and more pa. icul~ly
described in Exhibit "A" a~ached hereto.
Note S~ured by Deed of Trust
Date: April 8, 1997
Original ~dncipal Amount: $600,000.00
Holder: Steve Kimbrel, Adrian F. Moore ~d Jo~y J.E. ~ompson
FORECLOSURE SALE DEED Page I of 3
Date of Sale of Property: April 2, 2002
Place of Sale of Property:
Dallas County Courthouse
At the south door of the George L. Allen, Sr. Courts Building
600 Commerce St.
Dallas, Dallas County, Texas
Time of Sale: 10:40A.M.
Buyer: Steve Kimbrel, Adrian F. Moore and Johnny J.E. Thompson
Buyer's Mailing Address: 137 S. Holly, Coppell, Texas 75019
By Deed of Trust, Grantor conveyed to Robert D. Lybrand as Trustee, certain property for
the purpose of securing and enforcing payment of the indebtedness and obligations therein
described (collectively the Obligations), including but not limited to a note described in the Deed of
Trust.
Beneficiary, the holder of the Obligations and Deed of Trust, requested Robert D. Lybrand,
as Trustee, to enforce the trust of the Deed of Trust. Default has occurred in the payment of the
Obligations when due. The unpaid balance of the principal of the Obligations was accelerated, and
default has occurred and is continuing in the payment of the Obligations.
Pursuant to the requirements of the Deed of Trust and the laws of the State of Texas, written
notice of the time, place, date, and ten-ns of the public foreclosure sale of the Property was posted at
the courthouse door of Dallas County, Texas, the county in which the Property is situated, and a
copy of the notice was also filed with the county clerk of Dallas County, Texas, each notice having
been posted and filed for at least twenty-one days preceding the date of the foreclosure sale.
Additionally, written notice of the time, date, place, and terms of the foreclosure sale was
served on behalf of Beneficiary by certified mail on each debtor who, according to the records of
Beneficiary, is obligated to pay any of the Obligations. The certified mailed notices were timely
sent by depositing such notices in the United States mail, postage prepaid in proper amount, and
addressed to each debtor at the debtor's last known address as shown by the records of Beneficiary,
at least twenty-one days preceding the date of the foreclosure.
Written notice of default and of the opportunity to cure the default to avoid acceleration of
the maturity of the note was served on behalf of Beneficiary by certified mail on each debtor who,
according to the records of Beneficiary, is obligated to pay any of the Obligations. The certified
mail notices were timely sent by depositing such notices in the United States mail, postage prepaid
in proper amount, and addressed to each debtor at the debtor's last known address as shown by the
records of Beneficia~ at least twenty-one days preceding the date of the acceleration of the maturity
FORECLOSURE SALE DEED Page 2 of 3
of the note and the posting of the mortgaged Property for foreclosure.
In consideration of the premises and of the bid and payment by way of credit against the
unpaid balance owed on the Obligations, I, as Trustee, by virtue of the authority conferred on me in
the Deed of Trust, have GRANTED, SOLD, and CONVEYED and by these presents do
GRANT, SELL, and CONVEY to Buyer, Buyer's heirs and assigns, all of the Property.
TO HAVE AND TO HOLD the Property, together with the rights, privileges, and
appurtenances thereto belonging unto Buyer, Buyer's heirs and assigns, forever; and I, as the
Trustee, do hereby bind Grantor, Gramor's heirs and assigns, to WARRANT AND FOREVER
DEFEND the Property to Buyer, Buyer's heirs and assigns, forever, against the claim or claims of
all persons claiming or to claim the same or any part thereof.
EXECUTED ON April 2, 2002.
Robe~
ACKNOWLEDGMENT
STATE OF TEXAS §
COUNTY OF DALLAS §
This instrument was acknowledged before me on the 2nd day of April, 2002, by Robert D.
Lybrand, Trustee.
Notary Public, State of Texas
My Comml#lon Ex, res
__ _ ?._2o-?,oo) .....
Notary Public, State of Texas
AFTER RECORDING RETURN TO:
Robert D. Lybrand
TURNER & LYBRAND, P.C.
580 S. Denton Tap Road
Suite 280
Coppell, Texas 75019
FORECLOSURE SALE DEED Page 3 of 3
BEING a tract of land situated in the W. Perz%, survey Abstract No. 1152 in Dallas
Cou_nty, Texas and being a part of the called 25.0488 acre tract described in a deed
from Jean Hudnall Marsh and John Wesley ~udnall III to Johnny J. E. Thompson, Adrian
F. Moore, and Steve Kimbrel dated September 13, 1983 recorded in Volume 83184, Page
2397 of the Deed Records of Dallas Cou/%ty, Texas (D.R.D.C.T.) and being more
particularly described by metes and bounds as follows:
COMMENCING at a 1/2 inch iron rod found for a corner in the South right-of-way line of
Sandy Lake Road (a variable width R.O.W.) said point being the Northeast corner of
said 25.0489 acre tract and also being the Northwest corner of a called 7.316 acre
tract described to Floyd C. & Earl K. Farrow by deed recorded in Volume 76127, Page
2568 D.R.D.C.T.;
THENCE North 89 degrees 55 minutes 06 seconds West, along the South right-of-way line
of Sandy Lake Road, a distance of 791.00 feet to the Point of Begin,ting;
THENCE North 89 degrees 55 minutes 06 seconds West, continuing along said South
right-of-way of Sandy Lake Road, a distance of 195.32 feet to a 1/2 inch iron rod
found at a point of curve to the right having a central angle of 14 degrees 13 minutes
27 seconds, a raidus of 1106.96 fee~, an an arc length of 274.81 feet;
.~.ENCE along said curve to the right and with the South right-of-way line of Sandy
Lake Road, an arc length of 274.81 feet to a 1/2 inch iron rod set for a corner in the
South right-of-way line of Sandy Lake Road;
~"iq.'ENCE South 00 degrees 43 m-_nu=es 05 seconds East, departing the South right-of-way
line of Sandy Lake Road, passing at a d~-stance of 23.00 feet a i/2 inch iron rod
at the Northeast co-~er of Eagle Point village au Rlverchase as recorded i~ volume
93055, Page 0043, .p.R.D.C.T., an,,d in all a distance of 198.31 fee'- to a 1/2 inch iron
rod set for a corTAer a~ the poi.., of a curve to the left having a central angle cf 89
degrees 03 minutes 55 seconds, a radius of 40.00 fee=, and an arc length of 62.18
."~.-.'ENCE along said curve to ~,he lef~ an arc length of 62.18 fee-- to a 1/2 inch iron rod
_ r a corner at =he point of tan~encv;
T/.~NCE South 89 degrees 47 minutes O0 seconds gas--, a distance of 449.23 = t to a 1/2
inch iron rod se= for a corner;
.~-.-'--NCE Nornh 00 degrees 13 minutes 00 seconds East, = distance of ~ ='.93 feeu to a
inch iron rod se'- for a co--~..er;
.-i.~NCE North 44 degrees 56 minutes 44 seconds West, a dis=ante of 35.26 fee5 to a 1/2
T~----NCE North 00 degrees 04 mlnuues 54 seconds Eas=, a distance of 25.00 feet =c the
. _t or 2.340 acres cf land mcre
Pci--.~ of Begir--.ing and Ccntainin? !91, 925,8S19 sc?dare
97071 91291
Tract 2:
BEING a tract of land situated in the w. Perry Survey Abstract NO. 1152 in Dallas
County, Texas and being a part of the called 28.0488 acre tract described in a deed
from Jean Hudnall Marsh and John wesley Hudnall III to Johnny J- E. Thompson, Adrian
F. Moore, and Steve Kimbrel dated September 13, 1983 recorded in Volume 83184, Page
2397 of the Deed Records of Dallas County, Texas (D.R.D.C.T-) and being more
oarticularly described by metes and bounds as follows:
BEGINNING at a 1/2 inch iron rod found for a corner in =he South right-of-way line of
Sandy Lake Road (a variable width R.O.W.) said point being the Northeast corner of
said 25.0489 acre tract and also being the Northwest corner of a called 7.316 acre
tract described to Floyd C. & Earl K. Farrow by deed recorded in Volume 76127, Page
2588 D.R.D.C.T-;
T~ENCE South 12 degrees 50 minutes 33 seconds East, departing the South right-of-way
line of Sandy Lake Road, and with the coramon line of said 25.0488 acre tract and 7.3!6
acre tract, a distance of 212.14 fee= to a 1/2 inch iron rod set for a corner;
T~ENCE North 89 degrees 47 minutes 00 seconds West, a distance of 743.88 feet to a 1/2
inch iron rod set for a corner;
THENCE North 00 degrees 13 minutes 00 seconds East, a distance of 154.93 feet to a 1/2
inch iron rod set for a corner;
~-IENCE North 45 degrees 08 minutes 10 seconds East, a distance of 35.51 feet to a !/2
inch iron rod se= for a corner;
~E-NCE North 00 degrees 04 minutes 54 seconds East, a distance of 25.00 fee= to a 1/2
inch iron rod se% for a corner in the South right-of-way line of Sandy Lake Road;
~NCE South 89 degrees 55 minutes 06 seconds East, along said South right-of-way of
sandy Lake Road, a dis=a-nce of 670.93 feet to the Point of Beginning ~nd Containing
147,262.5328 square feet or 3.38! acres of land more or less.
97071 !)1292