CLASSIFIEDS
00095651 —
Listing Began:
Description
Seller's Comments and Description:
NOTICE OF TRUSTEE’S SALE OF
40 East Reed Avenue
Alexandria, Virginia 22305
In execution of a Commercial Deed of Trust, Security Agreement, Fixture Filing and Assignment of Leases and Rents, securing certain indebtedness in the maximum principal amount of $417,525.00, given by Collective Investment Holdings 4 LLC (“Borrower”), and dated as of August 12, 2024, filed on August 15, 2024, in the Clerk’s Office of Alexandria Circuit Court as Instrument Number 240007228 (the “Deed of Trust”), the undersigned appointed Substitute Trustee will offer for sale at public auction at the entrance to the Circuit Court for the City of Alexandria located at 520 King Street, Alexandria, Virginia on September 5, 2025 at 11:00 a.m. the following property (collectively, the “Property”):
(a) All of Borrower’s right, title and interest in the following parcel of land located in the Commonwealth of Virginia, and all rights, appurtenances, easements, privileges, remainders and reversions appertaining thereto (collectively, the “Premises”):
Lot 20, Block 4, of a “Subdivision Portion, Blocks 3 & 4 of Section Four, Beaumont”, as the same appears dedicated, platted and recorded in Deed Book 293 at Page 219 among the land records of the City of Alexandria, Virginia. TOGETHER WITH AND SUBJECT TO driveway easement as set forth in Deed of Dedication.
(b) TOGETHER WITH (1) all buildings, structures and improvements of every nature whatsoever now or hereafter situated on the Premises, and (2) all building materials, supplies and other property stored at or delivered to the Premises or any other location for incorporation into the improvements located or to be located on the Premises, and all fixtures, machinery, appliances, equipment, furniture and personal property of every nature whatsoever now or hereafter owned by Borrower and located in or on, or attached to, and used or intended to be used in connection with, or with the operation of, or the occupancy of, the Premises, buildings, structures or other improvements, or in connection with any construction being conducted or which may be conducted thereon, and owned by Borrower, and all extensions, additions, improvements, betterments, renewals, substitutions and replacements to any of the foregoing, and all of the right, title and interest of Borrower in and to such personal property which, to the fullest extent permitted by law, shall be conclusively deemed fixtures and a part of the real property encumbered hereby (the “Improvements”);
(c) TOGETHER WITH (1) all estate, right, title and interest of Borrower, of whatever character, whether now owned or hereafter acquired, in and to (a) all streets, roads and public places, open or proposed, in front of or adjoining the Premises, and the land lying in the bed of such streets, roads and public places, and (b) all other sidewalks, alleys, ways, passages, strips and gores of land adjoining or used or intended to be used in connection with any of the property described in paragraphs (a) and (b) hereof, or any part thereof; and (2) all water courses, water rights, easements, rights-of-way and rights of use or passage, public or private, and all estates, interest, benefits, powers, rights (including, without limitation, any and all lateral support, drainage, slope, sewer, water, air, mineral, oil, gas and subsurface rights), privileges, licenses, profits, rents, royalties, tenements, hereditaments, reversions and subreversions, remainders and subremainders and appurtenances whatsoever in any way belonging, relating or appertaining to any of the property described in paragraphs (a) and (b) hereof, or any part thereof, or which hereafter shall in any way belong, relate or be appurtenant thereto, whether now owned or hereafter acquired by Borrower; and
(d) TOGETHER WITH (a) all estate, right, title and interest of Borrower of, in and to all judgments, insurance proceeds, awards of damages and settlements hereafter made resulting from condemnation proceedings or the taking of the property described in paragraphs (a), (b) and (c) hereof or any part thereof under the power of eminent domain, or for any damage (whether caused by such taking or otherwise) to the property described in paragraphs (a), (b) or (c) hereof or any part thereof, or to any rights appurtenant thereto, and all proceeds of any sales or other dispositions of the property described in paragraphs (a), (b) or (c) hereof, or any part thereof; and (b) all contract rights, general intangibles, governmental permits, licenses and approvals, actions and rights in action, including without limitation all rights to insurance proceeds and unearned premiums, arising from or relating to the property described in paragraphs (a), (b) and (c) above; and (c) all proceeds, products, replacements additions, substitutions, renewals and accessions of and to the property described in paragraphs (a), (b) and (c).
All property sold will be sold “AS IS”. There is no warranty of merchantability or fitness for a particular purpose given in connection with the sale of any of the property. Title to the property will pass from the Substitute Trustee by special warranty deed and the sale of the property will be made subject to all existing superior liens, easements and restrictive covenants, as the same may lawfully affect such property.
TERMS OF SALE: ALL CASH. A bidder’s deposit of ten percent (10%) of the sale price will be required in cash or other certified funds. The beneficiary under the Deed of Trust, if a bidder, shall not be required to post a deposit. Settlement must occur within fifteen (15) days of sale, otherwise the bidder’s deposit may be forfeited to the Substitute Trustee. The beneficiary under the Deed of Trust has rights to credit bid some or all of the indebtedness owed to it by Borrower. Additional terms to be announced at sale.
Todd Fisher is the Substitute Trustee pursuant to that certain Deed of Appointment of Substitute Trustee, dated as of July 25, 2025, and recorded on July 28, 2025, in the Clerk’s Office of Alexandria Circuit Court as Instrument Number 250007444.
For information, please contact:
Amy E. Hatch
POLSINELLI PC
900 West 48th Place,
Suite 900
Kansas City, Missouri 64112
(816) 360-4178
Attorney for Mortgage Funding 04 LLC (Beneficiary of the Deed of Trust)
Run Dates: August 19th, 2025
August 26th, 2025
AD#95651