• NOTICE OF PUBLIC SALE OF COLLA...

NOTICE OF PUBLIC SALE OF COLLATERAL PLEASE TAKE NOTICE that pursuant to California Commercial Code ยง 9610, as enacted in the State of California, and the Security Agreement (as defined herein), Windsor Securities, LLC or its assignee or designee (the "Secured Party") will offer for sale at public auction (the "Auction") policy of insurance issued to The Martha G. Garcia Family Trust, policy issue date June 12, 2008, policy number JJ7025419 by The Lincoln National Life Insurance Company(the "Policy") the Policy being collateral (the "Collateral") pledged to the Secured Party by The Martha G. Garcia Family Trust Health, Inc. (the "Debtor"), on May 11, 2017 at 10:00 a.m. at the offices of Offit Kurman, Ten Penn Center, 1801 Market St., Ste. 2300, Philadelphia, PA 19103. Background. Pursuant to that certain Life Insurance Premium Financing Agreement and related Promissory Note between the Debtor and the Secured Party, among other loan and security documents (the "Security Agreement"), the Debtor granted to the Secured Party liens on and security interests in the Collateral, among other assets, in order to secure the Debtor's repayment obligations with respect to certain loans, advances and extensions of credit made by the Secured Party to or for the benefit of the Debtor (the "Indebtedness"). Events of default have occurred under the terms and provisions of the Security Agreement, as a result of which the Secured Party is entitled to exercise, and is hereby exercising, its rights and remedies under the Security Agreement. The Collateral. The Collateral consists of the Policy. A more detailed description of the Policy is available by emailing the Secured Party's counsel, Darin T. Judd, Esq. at Djudd@twsglaw.com. Conduct of Sale. The Collateral will be offered for sale strictly "AS IS", "WHERE IS," "WITH ALL FAULTS" without recourse, representation, guaranty or warranty of any kind whether express or implied. Without limiting the generality of the foregoing, the Secured Party expressly disclaims all warranties of merchantability, fitness or use, or otherwise and Secured Party will not be liable to the Purchaser or any other person or entity for consequential or incidental damages. The Debtor is entitled to an accounting of the Indebtedness secured by the Collateral which will be sold pursuant to this Notice. The Debtor may request such accounting by contacting the undersigned counsel for the Secured Party. The Secured Party reserves the right to credit bid all or any portion of its claim against the Debtor to acquire the Collateral, either directly or through an affiliated entity, and to credit the amount bid against the expenses of the Auction and the Indebtedness. The Secured Party also reserves the right to reject any bid or all bids at the auction or any adjournment of the Auction. Further, the Secured Party reserves the right to cancel, postpone or adjourn the Auction with announcements made at the initial date set for the Auction. The Auction may be resumed without further notice or publication at the time and place which may have been given at the adjournment. Any person desiring further information regarding the Collateral or the Auction should contact counsel for Secured Party at the contact information above.



Ref# 0003315070-01
PostedApril 20, 2017