SUBSTITUTE TRUSTEE'S NOTICE OF FORECLOSURE SALE
WHEREAS, Madison 2 Pack LLC, a Delaware limited liability company (the "Grantor") by that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (hereinafter referred to as "Deed of Trust"), dated March 11, 2022, recorded as instrument number 20220315-0030201, in the Register's Office of Davidson County, Tennessee (the "Register's Office"), conveyed to Matt Foster, a resident of Williamson County, Tennessee, as Trustee ("Trustee"), the hereinafter described property to secure the payment of that certain Promissory Note dated March 11, 2022 (the "Note") owed by Grantor to ReadyCap Commercial, LLC, a Delaware limited liability company (the " Original Lender").
WHEREAS, pursuant to that certain (i) Assignment of Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, executed by BRMK Management, LLC, dated as of August 6, 2025, recorded as instrument number 20250825-0067831, in the Register's Office, and (ii) all other documents evidencing the transfer of the indebtedness evidenced by the Note and other loan documents to AI NPL Investor LLC ("Lender"), Lender became the owner of the outstanding indebtedness under the Note as successor in interest to the Original Lender;
WHEREAS, Grantor failed to make multiple scheduled payments of interest due pursuant to the Note, each of which constitutes an immediate Event of Default under the Note and other documents evidencing the indebtedness of the Note (the "Loan Documents");
WHEREAS, pursuant to the Loan Documents, Lender has notified Grantor that the entire unpaid balance of the Note, together with accrued interest, interest at the specified default rate, late fees, and all other amounts payable under the Loan Documents have been accelerated (the "Accelerated Debt");
WHEREAS, Grantor has failed to pay the Accelerated Debt;
WHEREAS, Lender, as the owner and holder of the Note, has demanded that the hereinafter described property be sold.
WHEREAS, the undersigned, Michael G. Abelow of Davidson County (the "Substitute Trustee"), has been appointed Substitute Trustee in the place and stead of Trustee, by appointment recorded as instrument number 20251119-0092225 in the Register's Office.
NOW THEREFORE, notice is hereby given that I, Michael G. Abelow, Substitute Trustee, will, on January 14, 2026, at ten o'clock, 10:00 a.m. prevailing central time, at the front steps of the Davidson County, Tennessee Courthouse, proceed to sell at public outcry to the highest and best bidder for cash (on such terms as announced at sale) the property known as 98 Randy Road, Madison, Tennessee 37115 Map 043-15-0 & Parcel # 02700 and further described as follows (collectively, the "Property"):
The land referred to herein below is situated in the County of Davidson, State of Tennessee, and described as follows:
BEING LOT NO. 1 ON THE PLAN OF RE-SUBDIVISION OF LOTS 55, 56 & 57, RAINBOW TERRACE, SECTION 2A OF RECORD IN INSTRUMENT NO. 200806190063399, IN THE REGISTER'S OFFICE FOR DAVIDSON COUNTY, TENNESSEE, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:
BEGINNING AT AN IRON ROD (NEW) AT THE NORTHWEST END OF THE SOUTHWESTERLY RETURN CURVE AT THE INTERSECTION OF OLD HICKORY BOULEVARD (60' PUBLIC RIGHT OF WAY) AND RANDY ROAD (PUBLIC RIGHT OF WAY-WIDTH VARIES AS WIDENED) ON THE SOUTH RIGHT OF WAY (R/W) LINE OF OLD HICKORY BOULEVARD, THENCE,
1. LEAVING SAID R/W LINE WITH SAID RETURN CURVE SOUTHEASTWARDLY WITH THE WEST R/W LINE OF RANDY ROAD (AS WIDENED) HAYING A 25.00 FOOT RADIUS CURVE TO THE RIGHT, AN ARC DISTANCE OF 43.74 FEET.
SAID CURVE HAS A CHORD BEARING AND DISTANCE OF SOUTH 33 DEGREES 54 MINUTES 21 SECONDS EAST A DISTANCE OF 38.370 FEET TO AN IRON ROD (N); THENCE,
2. CONTINUING WITH THE WEST R/W LINE OF RANDY ROAD, SOUTH 16 DEGREES 12 MINUTES 45 SECONDS WEST 164.48 FEET TO AN IRON ROD (NEW); THENCE,
3. SOUTH 12 DEGREES 42 MINUTES 31 SECONDS WEST 154.57 FEET TO AN IRON ROD (NEW) IN THE NORTH PROPERTY LINE OF LOT NO. 53 AS SHOWN ON THE FINAL PLAT OF RAINBOW TERRACE- SECTION V AS RECORDED IN PLAT BOOK 2133, PAGE 72, R.O.D.C., TENNESSEE; THENCE
4. LEAVING SAID R/W LINE WITH THE NORTH PROPERTY LINE OF THE AFORESAID LOT NO. 53, NORTH 83 DEGREES 57 MINUTES 20 SECONDS WEST 106.35 FEET TO AN IRON ROD (OLD); THENCE,
5. CONTINUING WITH SAID NORTH PROPERTY LINE NORTH 84 DEGREES 09 MINUTES 05 SECONDS WEST 109.72 FEET TO AN IRON ROD (OLD); THENCE,
6. CONTINUING WITH SAID NORTH PROPERTY LINE, NORTH 83 DEGREES 54 MINUTES 45 SECONDS WEST 109.95 FEET TO AN IRON PIPE (OLD) AT THE SOUTHEAST PROPERTY CORNER OF LOT NO. 54 AS SHOWN ON THE FINAL PLAT OF RAINBOW TERRACE - SECTIONS IIA & IIB AS RECORDED IN PLAT BOOK 1835, PAGE 85, R.O.D.C., TENNESSEE; THENCE,
7. LEAVING THE NORTH PROPERTY LINE OF THE AFORESAID LOT NO. 53 WITH THE EAST PROPERTY LINE OF THE AFORESAID LOT NO. 54, NORTH 07 DEGREES 54 MINUTES 13 SECONDS EAST 344.32 FEET TO AN IRON ROD (OLD) ON THE SOUTH R/W LINE OF THE AFORESAID OLD HICKORY BOULEVARD; THENCE,
8. WITH THE SOUTH R/W LINE OF OLD HICKORY BOULEVARD SOUTH 84 DEGREES 19 MINUTES 46 SECONDS EAST 110.24 FEET TO AN IRON ROD (NEW); THENCE,
9. CONTINUING WITH SAID SOUTH R/W LINE SOUTH 84 DEGREES 01 MINUTES 28 SECONDS EAST 226.94 FEET TO THE POINT OF BEGINNING.
Being the same property conveyed to Madison 2 Pack LLC, a Delaware limited liability company from 816 Hickory Partners, LLC, a Tennessee limited liability company by deed of record in Instrument No. 202203150030191, in the Register's Office for Davidson County, Tennessee.
A review of the records at the Register's Office disclosed that the Property may be subject to certain matters set forth below:
1. Any and all unpaid ad valorem taxes payable to Davidson County, Tennessee (plus penalty and interest, if any) that may be a lien against the Property, including, without limitation, any ad valorem taxes for the year 2025, which are due but not yet delinquent.
2. Inspection and Maintenance Agreement for Private Stormwater Management Facilities of record as Instrument No. 200804140037598.
3. Agreement for Dedication of Easement for Storm Drainage of record as Instrument No. 200804140037641.
4. Recorded Plat of record as Instrument No. 200806190063399.
The foregoing matters may or may not take priority over the Deed of Trust. To the extent these matters do take priority over the Deed of Trust under applicable law, the sale will be subject to such matters, and to the extent such matters do not take priority over the Deed of Trust under applicable law, the property will not remain subject to them after the sale.
The sale will be subject to any and all liens, defects, encumbrances, easements, restrictive covenants, conveyances, adverse claims and other matters which might take priority over the Deed of Trust upon which this foreclosure sale is had, and any rights of redemption (statutory or otherwise) not otherwise waived in the Deed of Trust, including rights of redemption of any governmental agency, state or federal, which have not been waived by such governmental agency, any recorded easements, conditions, covenants, rights-of-way or subdivision plats affecting the property, any dedication of roads affecting the property and any governmental zoning and subdivision ordinances or regulations in effect, any prior or superior liens, judgment, deeds of trust or other interests of record, and matters that take priority over the Deed of Trust which an accurate survey of the Property might disclose.
Per the requirements of T.C.A. § 35-5-101(a)(2), this publication shall be posted with the third-party internet posting company foreclosuretennessee.com
The notice requirements of T.C.A. §35-5-104 have been met.
The Property is to be sold AS IS, WHERE IS, without representation or warranties of any kind whatsoever whether express or implied. Without limiting the foregoing, THE PROPERTY IS TO BE SOLD WITHOUT ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE. Substitute Trustee will make no covenant of seisin, marketability of title or warranty of title, express or implied, and will sell and convey his interest in the Property by Substitute Trustee's Deed as Substitute Trustee only.
The right is reserved to adjourn the day of sale to another day and time certain, without further publication and in accordance with law, upon announcement of said adjournment on the day and time and place of sale set forth above, to sell the Property with or without division of the Property if such consists of more than one parcel, and to sell to the next highest bidder that is able, capable and willing to comply with the terms of the sale, in the event the highest bidder does not comply with the terms of the sale.
This 12th day of December, 2025.
Michael G. Abelow
SUBSTITUTE TRUSTEE
Sherrard Roe Voigt & Harbison, PLC
1600 West End Ave., Suite 1750
Nashville, Tennessee 37203
Telephone: (615) 742-4532
mabelow@srvhlaw.com
December 19, 26, January 2 2026
LOKR0424273