DATE OF SALE: | November 8, 2018 |
PLACE OF SALE: | Intercounty Judicial Sales 120 West Madison Street, Suite 7l8A Chicago, Illinois |
TIME OF SALE: | 11:00 A.M. CST |
NOTICE IS HEREBY GIVEN that the collateral described below will be sold to the highest bidder at a PUBLIC SALE on November 8, 2018, 11:00 a.m. CST, at, Intercounty Judicial Sales, 120 West Madison Street, Suite 718A, Chicago, Illinois, by Intercounty Judicial Sales, court-appointed auctioneer, on behalf of COMM 2013-CCRE12 NORTH ROSELLE ROAD, LLC (“Secured Party”). Secured Party is a duly perfected first-priority secured creditor with respect to the Judgment of Foreclosure and Order of Sale entered against OM SHERA HOTELS OF CHICAGO, LLC (“Borrower”) in favor of Secured Party on August 14, 2018 in the Circuit Court of Cook County, Illinois, Case No. 18 CH 919 (the “Judgment”) and the security interests granted by the Mortgage and Security Agreement dated September 13, 2013 and recorded on September 17, 2013 as Document Number 1326022085 with the Cook County Recorder of Deeds to Secured Party against the property commonly known as 1550 N. Roselle Road, Schaumburg, Illinois (the “Property”). The collateral to be sold at public sale is the following assets in which Borrower owns or otherwise holds any interest or is used at or in connection with the Property:
(b) All licenses, permits agreements and authorizations for the operation of the Property;
(c) All leases, executor contracts, licenses, tradenames, trademarks, servicemarks, logos, copyrights, goodwill, books and records and all other general intangibles relating to or used in connection with the operation of the Property.
All capitalized definitional terms used herein and not otherwise defined shall have the respective meanings ascribed to such terms in the Uniform Commercial Code presently and hereafter enacted in the State of Illinois (collectively, the “Assets”).
THE ASSETS ARE BEING SOLD AS-IS, WHERE-IS, WITH ALL FAULTS, AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY NATURE, INCLUDING BUT NOT LIMITED TO THOSE EXPRESS, IMPLIED OR STATUTORY AND WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. SECURED PARTY DOES NOT REPRESENT OR WARRANT THAT BORROWER HAS TITLE TO ALL THE ASSETS. HIGHEST BIDDER SHALL RECEIVE A BILL OF SALE FOR THE ASSETS THAT CONTAINS THE ABOVE DISCLAIMERS.
Any prospective purchaser who is the highest bidder, other than Secured Party, will be required to pay the purchase price of the Assets (i) at the time of such public sale, and (ii) in cash, by cashier’s check, or in other immediately available funds. Secured Party and its assignee have the right to credit bid its debt. If Secured Party or its assignee is the highest bidder at such public sale, Secured Party or its assignee may pay the purchase price of the Assets, in whole or in part, by crediting the amount of such purchase price against the balance of the Judgment. If the highest cash bidder fails to tender payment immediately after the conclusion of the sale, Intercounty Judicial Sales reserves the right to declare the next highest bidder the successful bidder of the Assets.
The sale may be adjourned from time to time, and notice of any adjourned sale date will be given only at the time of the scheduled sale and to those who attend the sale.
For further information regarding the sale or to make arrangements to inspect the Assets or review documents relating to the Assets to be sold, please contact Mr. Jeffrey Kolessar of GF Management at 215-972-2227. Any prospective bidder is responsible for investigating the Assets, and making its own determination as to the appropriateness of bidding at the public sale, and assumes all risks associated with any inspection of the Assets or the accuracies or completeness of the Assets, including any books and records pertaining thereto. The Borrower is entitled to an accounting of the outstanding debts, obligations and liabilities secured by the Assets that we intend to sell (or lease or license, as applicable). The Borrower may request an accounting by contacting Jeffrey Kolessar.
COMM 2013-CCRE12 NORTH ROSELLE ROAD, LLC
By /s/ Andrew T. McClain
One of its Attorneys
DailyDAC™ is the oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, and secured parties disposing of their collateral under Article 9 of the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.
Many sales of distressed companies and distressed business assets are not widely advertised. If you are buyer of such companies or assets, you may be well served by becoming a paying subscriber to Distressed Deal Data™. Find out more.
PUBLIC NOTICE OF ARTICLE 9 SALE: ONWRD, LLC
Commercial Receivers Association (CRA) Continues to Grow its Midwest Presence with the appointment of Matthew Brash as new State Director of Illinois
PUBLIC NOTICE OF UCC ARTICLE 9 SALE: MODULAR DWELLING COMPANY – UTAH BASED
PUBLIC NOTICE OF UCC SALE: Clean Energy Systems, Inc.
PUBLIC NOTICE OF UCC SALE: 432 FF&E Mezz LLC and FR-AM Two LLC
PUBLIC NOTICE OF UCC SALE: Milber Holding LLC
Session expired
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.