83943

83943 Judicial Advertisement EIGHTEENTH JUDICIAL DISTRICT COURT STATE OF LOUISIANA PARISH OF IBERVILLE August 21, 2025 MAGNOLIA MEADOWS TOWNHOME OWNERS, L.L.C. vs. Suit # 83943 MAGNOLIA MEADOWS OF ST. GABRIEL, L.L.C. Acting under and by virtue of a WRIT OF SEIZURE AND SALE dated this 25th day of February, 2025, and directed to the Sheriff of Iberville, State of Louisiana, by the Honorable the 18th Judicial District Court for the Parish of Iberville, in the above numbered and entitled cause, I have seized and will offer for sale at Public Auction, the sale will be conducted through an online auction. Bids can be entered at https://iberville.la.realforeclose.com between the legal hours prescribed by law, beginning at 10:00am WITHOUT the benefit of appraisement, to the last and highest bidder on, Wednesday, October 22, 2025 the following described property, to wit: THAT CERTAIN TRACT OF LAND, TOGETHER WITH ANY AND ALL BUILDINGS, IMPROVEMENTS AND APPURTENANCES THEREON, LOCATED IN SECTION 68 T9S – R1E, GLD, IBERVILLE PARISH, LOUISIANA, AND BEING DESIGNATED AS TRACT MS-2 ON A MAP ENTITLED "SIMPLE DIVISION MAGNOLIA SPRINGS - 1ST PHASE MAP SHOWING SURVEY OF TRACT MS-1, TRACT MS-2 AND TRACT B-1, BEING THE RESUBDIVISION OF TRACT MS, TRACT B, LOT 299, LOT 300 & LOT 301 LOCATED IN SECTION 66 & 68, T9S-R1E, G.L.D., IBERVILLE PARISH, LA. FOR MAGNOLIA SPRINGS, L.L.C. (A MIXED-USE DEVELOPMENT)", MADE BY EARLES AND ASSOCIATES, L.L.C., PROFESSIONAL LAND SURVEYORS, DATED MAY 27, 2015, WHICH MAP IS RECORDED IN CONVEYANCE BOOK 668, ENTRY 25, FILE #2087, IN THE OFFICE OF THE CLERK AND RECORDER FOR IBERVILLE PARISH, LOUISIANA; SAID TRACT BEING MORE PARTICULARLY DESCRIBED ACCORDING TO SAID MAP AS FOLLOWS: FROM THE SOUTHWEST CORNER OF TRACT B-1 AS SHOWN ON SAID PLAT AND THE POINT OF REFERENCE, COMMENCE NORTH 29 DEGREES 00 MINUTES 27 SECONDS WEST, A DISTANCE OF 231.01 FEET TO A POINT AND THE POINT OF BEGINNING; THENCE PROCEED NORTH 29 DEGREES 00 MINUTES 27 SECONDS WEST, A DISTANCE OF 930.00 FEET TO A POINT AND CORNER; THENCE PROCEED NORTH 61 DEGREES 24 MINUTES 55 SECONDS EAST, A DISTANCE OF 149.98 FEET TO A POINT AND CORNER; THENCE PROCEED SOUTH 29 DEGREES 00 MINUTES 27 SECONDS EAST, A DISTANCE OF 930.00 FEET TO A POINT AND CORNER; FINALLY PROCEED SOUTH 61 DEGREES 24 MINUTES 55 SECONDS WEST, A DISTANCE OF 149.98 FEET TO A POINT AND THE POINT OF BEGINNING. AND THAT CERTAIN MOVABLE PROPERTY DESCRIBED AS: ALL OF DEBTOR'S PRESENT AND FUTURE RIGHT, TITLE, AND INTEREST IN AND TO ALL OF THE FOLLOWING: (1) "FIXTURES," WHICH MEANS ALL PROPERTY OWNED BY DEBTOR WHICH IS ATTACHED TO THE REAL PROPERTY DESCRIBED IN EXHIBIT A ("LAND") AND/OR THE IMPROVEMENTS LOCATED ON THE LAND ("IMPROVEMENTS") ("PROPERTY" MEANS THE LAND AND/OR THE IMPROVEMENTS) SO AS TO CONSTITUTE A FIXTURE UNDER APPLICABLE LAW, INCLUDING: MACHINERY, EQUIPMENT, ENGINES, BOILERS, INCINERATORS AND INSTALLED BUILDING MATERIALS; SYSTEMS AND EQUIPMENT FOR THE PURPOSE OF SUPPLYING OR DISTRIBUTING HEATING, COOLING, ELECTRICITY, GAS, WATER, AIR OR LIGHT; ANTENNAS, CABLE, WIRING AND CONDUITS USED IN CONNECTION WITH RADIO, TELEVISION, SECURITY, FIRE PREVENTION OR FIRE DETECTION OR OTHERWISE USED TO CARRY ELECTRONIC SIGNALS; TELEPHONE SYSTEMS AND EQUIPMENT; ELEVATORS AND RELATED MACHINERY AND EQUIPMENT; FIRE DETECTION, PREVENTION AND EXTINGUISHING SYSTEMS AND APPARATUS; SECURITY AND ACCESS CONTROL SYSTEMS AND APPARATUS; PLUMBING SYSTEMS; WATER HEATERS, RANGES, STOVES, MICROWAVE OVENS, REFRIGERATORS, DISHWASHERS, GARBAGE DISPOSERS, WASHERS, DRYERS AND OTHER APPLIANCES; LIGHT FIXTURES, AWNINGS, STORM WINDOWS AND STORM DOORS; PICTURES, SCREENS, BLINDS, SHADES, CURTAINS AND CURTAIN RODS; MIRRORS; CABINETS, PANELING, RUGS AND FLOOR AND WALL COVERINGS; FENCES, TREES AND PLANTS; SWIMMING POOLS; AND EXERCISE EQUIPMENT. (2) "PERSONALTY," WHICH MEANS ALL OF THE FOLLOWING: (I) ACCOUNTS (INCLUDING DEPOSIT ACCOUNTS) OF DEBTOR RELATED TO THE PROPERTY. (ii) EQUIPMENT AND INVENTORY OWNED BY DEBTOR, WHICH ARE USED NOW OR IN THE FUTURE IN CONNECTION WITH THE OWNERSHIP, MANAGEMENT OR OPERATION OF THE LAND OR IMPROVEMENTS OR ARE LOCATED ON THE LAND OR IMPROVEMENTS, INCLUDING FURNITURE, FURNISHINGS, MACHINERY, BUILDING MATERIALS, GOODS, SUPPLIES, TOOLS, BOOKS, RECORDS (WHETHER IN WRITTEN OR ELECTRONIC FORM) AND COMPUTER EQUIPMENT (HARDWARE AND SOFTWARE). (iii) OTHER TANGIBLE PERSONAL PROPERTY OWNED BY DEBTOR WHICH IS USED NOW OR IN THE FUTURE IN CONNECTION WITH THE OWNERSHIP, MANAGEMENT OR OPERATION OF THE LAND OR IMPROVEMENTS OR IS LOCATED ON THE LAND OR IN THE IMPROVEMENTS, INCLUDING RANGES, STOVES, MICROWAVE OVENS, REFRIGERATORS, DISHWASHERS, GARBAGE DISPOSERS, WASHERS, DRYERS AND OTHER APPLIANCES (OTHER THAN FIXTURES). (iv) ANY OPERATING AGREEMENTS RELATING TO THE LAND OR THE IMPROVEMENTS. (v) ANY SURVEYS, PLANS AND SPECIFICATIONS AND CONTRACTS FOR ARCHITECTURAL, ENGINEERING AND CONSTRUCTION SERVICES RELATING TO THE LAND OR THE IMPROVEMENTS. (vi) ALL OTHER INTANGIBLE PROPERTY, GENERAL INTANGIBLES AND RIGHTS RELATING TO THE OPERATION OF, OR USED IN CONNECTION WITH, THE LAND OR THE IMPROVEMENTS, INCLUDING ALL GOVERNMENTAL PERMITS RELATING TO ANY ACTIVITIES ON THE LAND AND INCLUDING SUBSIDY OR SIMILAR PAYMENTS RECEIVED FROM ANY SOURCES, INCLUDING A "GOVERNMENTAL AUTHORITY" (DEFINED AS ANY BOARD, COMMISSION, DEPARTMENT, AGENCY OR BODY OF ANY MUNICIPAL, COUNTY, STATE OR FEDERAL GOVERNMENTAL UNIT, OR ANY SUBDIVISION OF ANY OF THEM, THAT HAS OR ACQUIRES JURISDICTION OVER THE PROPERTY, OR THE USE, OPERATION OR IMPROVEMENT OF THE PROPERTY, OR OVER DEBTOR). (vii) ANY RIGHTS OF DEBTOR IN OR UNDER ANY LETTER OF CREDIT REQUIRED UNDER THE TERMS OF THE LOAN AGREEMENT EVIDENCING AND SECURING THE LOAN ("LOAN") SECURED BY THIS FINANCING STATEMENT ("LOAN AGREEMENT"). (3) ALL CURRENT AND FUTURE RIGHTS, INCLUDING AIR RIGHTS, DEVELOPMENT RIGHTS, ZONING RIGHTS AND OTHER SIMILAR RIGHTS OR INTERESTS, EASEMENTS, TENEMENTS, RIGHTS OF WAY, STRIPS AND GORES OF LAND, STREETS, ALLEYS, ROADS, SEWER RIGHTS, WATERS, WATERCOURSES AND APPURTENANCES RELATED TO OR BENEFITING THE LAND OR THE IMPROVEMENTS, OR BOTH, AND ALL RIGHTS-OF-WAY, STREETS, ALLEYS AND ROADS WHICH MAY HAVE BEEN OR MAY IN THE FUTURE BE VACATED. (4) ALL PROCEEDS PAID OR TO BE PAID BY ANY INSURER OF THE LAND, THE IMPROVEMENTS, THE FIXTURES, THE PERSONALTY OR ANY OTHER PART OF THE PROPERTY, WHETHER OR NOT DEBTOR OBTAINED THE INSURANCE PURSUANT TO SECURED PARTY'S REQUIREMENT. (5) ALL AWARDS, PAYMENTS AND OTHER COMPENSATION MADE OR TO BE MADE BY ANY GOVERNMENTAL AUTHORITY WITH RESPECT TO THE LAND, OR IF DEBTOR'S INTEREST IN THE LAND IS PURSUANT TO A GROUND LEASE, THE GROUND LEASE AND THE LEASEHOLD ESTATE CREATED BY SUCH GROUND LEASE ("LEASEHOLD ESTATE"), THE IMPROVEMENTS, THE FIXTURES, THE PERSONALTY OR ANY OTHER PART OF THE PROPERTY, INCLUDING ANY AWARDS OR SETTLEMENTS RESULTING FROM CONDEMNATION PROCEEDINGS OR THE TOTAL OR PARTIAL TAKING OF THE LAND, THE IMPROVEMENTS, THE FIXTURES, THE PERSONALTY OR ANY OTHER PART OF THE PROPERTY UNDER THE POWER OF EMINENT DOMAIN OR OTHERWISE AND INCLUDING ANY CONVEYANCE IN LIEU THEREOF. (6) ALL CONTRACTS, OPTIONS AND OTHER AGREEMENTS FOR THE SALE OF THE LAND, OR THE LEASEHOLD ESTATE, AS APPLICABLE, THE IMPROVEMENTS, THE FIXTURES, THE PERSONALTY OR ANY OTHER PART OF THE PROPERTY ENTERED INTO BY DEBTOR NOW OR IN THE FUTURE, INCLUDING CASH OR SECURITIES DEPOSITED TO SECURE PERFORMANCE BY PARTIES OF THEIR OBLIGATIONS. (7) ALL "RENTS," WHICH MEANS ALL RENTS (WHETHER FROM RESIDENTIAL OR NON-RESIDENTIAL SPACE), REVENUES AND OTHER INCOME OF THE LAND OR THE IMPROVEMENTS, PARKING FEES, LAUNDRY AND VENDING MACHINE INCOME AND FEES AND CHARGES FOR FOOD, HEALTH CARE AND OTHER SERVICES PROVIDED AT THE PROPERTY, WHETHER NOW DUE, PAST DUE OR TO BECOME DUE, AND DEPOSITS FORFEITED BY TENANTS, AND, IF DEBTOR IS A COOPERATIVE HOUSING CORPORATION OR ASSOCIATION, MAINTENANCE FEES, CHARGES OR ASSESSMENTS PAYABLE BY SHAREHOLDERS OR RESIDENTS UNDER PROPRIETARY LEASES OR OCCUPANCY AGREEMENTS, WHETHER NOW DUE, PAST DUE OR TO BECOME DUE. (8) ALL "LEASES," WHICH MEANS ALL PRESENT AND FUTURE LEASES, SUBLEASES, LICENSES, CONCESSIONS OR GRANTS OR OTHER POSSESSORY INTERESTS IN FORCE NOW OR HEREAFTER, WHETHER ORAL OR WRITTEN, COVERING OR AFFECTING THE PROPERTY, OR ANY PORTION OF THE PROPERTY (INCLUDING PROPRIETARY LEASES OR OCCUPANCY AGREEMENTS IF DEBTOR IS A COOPERATIVE HOUSING CORPORATION), AND ALL MODIFICATIONS, EXTENSIONS OR RENEWALS. (9) ALL EARNINGS, ROYALTIES, ACCOUNTS RECEIVABLE, ISSUES AND PROFITS FROM THE LAND, THE IMPROVEMENTS OR ANY OTHER PART OF THE PROPERTY, AND ALL UNDISBURSED PROCEEDS OF THE LOAN. (10) ALL DEPOSITS TO A "RESERVE FUND" (DEFINED AS ALL AMOUNTS DEPOSITED BY THE DEBTOR WITH SECURED PARTY IN CONNECTION WITH THE LOAN FOR THE PAYMENT OF TAXES OR INSURANCE PREMIUMS OR AS OTHERWISE REQUIRED PURSUANT TO THE LOAN AGREEMENT), WHETHER IN CASH OR AS A LETTER OF CREDIT. (11) ALL REFUNDS OR REBATES OF TAXES BY A GOVERNMENTAL AUTHORITY (OTHER THAN REFUNDS APPLICABLE TO PERIODS BEFORE THE REAL PROPERTY TAX YEAR IN WHICH THIS FINANCING STATEMENT IS RECORDED OR FILED) OR INSURANCE PREMIUMS BY AN INSURANCE COMPANY. (12) ALL TENANT SECURITY DEPOSITS WHICH HAVE NOT BEEN FORFEITED BY ANY TENANT UNDER ANY LEASE AND ANY BOND OR OTHER SECURITY IN LIEU OF SUCH DEPOSITS. (13) ALL NAMES UNDER OR BY WHICH THE PROPERTY OR ANY PART OF IT MAY BE OPERATED OR KNOWN, AND ALL TRADEMARKS, TRADE NAMES, AND GOODWILL RELATING TO ANY OF THE PROPERTY. (14) ALL PROCEEDS FROM THE CONVERSION, VOLUNTARY OR INVOLUNTARY, OF ANY OF THE ABOVE INTO CASH OR LIQUIDATED CLAIMS, AND THE RIGHT TO COLLECT SUCH PROCEEDS. Attorney for the Plaintiff: TAYLOR, PORTER, BROOKS & PHILLIPS, L.L.P. 451 FLORIDA STREET, 8TH FLOOR P.O. BOX 2471 BATON ROUGE, LA 70821-2471 (225) 387-3221 Note to Bidders: 100% of the highest bid is due at the time of sale. To pay and satisfy the writ issued in this case, together with costs as far as same may go. TERMS OF SALE, cash, according to law Advertisement dates: September 18, 2025 October 16, 2025 Brett Stassi, Sr., Sheriff by: Trisha Crochet Deputy Sheriff September 18, October 16 2025 LLOU0367131 $713.50