UCC Secured Creditor LIVE Auction

Description

UCC Secured Creditor LIVE Auction
August 28, 2024

LIVE AUCTION ONLY Wednesday, August 28, 2024 @ 10:00a.m. EST.

LOCATION: Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, 200 South Orange Avenue, Suite 2900, Orlando, Florida 32801

NOTIFICATION OF DISPOSITION OF COLLATERAL
Name of Debtor: The Cape LLC and Riverview ALF Operator, LLC (collectively, the “Debtor” or “Borrower”)

Collateral:
NOTE: The Collateral does not include any real property or fixtures that were conveyed to VS Riverview, LLC by virtue of that certain Certificate of Title dated February 6, 2024 and recorded on February 6, 2024 in Official Records of Brevard County, Florida as CFN 2024024306, OR BK 9986 PAGE 780).
All right, title and interest of Debtor in and to all of Debtor’s all personal property, inventory, accounts (including accounts receivable and contract rights), documents, instruments, other moneys, chattel paper and general intangibles, now owned or hereafter acquired by the Debtor, and all proceeds thereof, including, without limitation, the Debtor's rights and interest in the below described personal property, fixtures, equipment, furniture, furnishings, chattels, inventory, building supplies and materials, appliances and appurtenances and any general intangibles, licenses, chattel paper, instruments, contract rights, accounts and business records now owned or hereafter acquired by the Debtor and the products and proceeds thereof (collectively, the “Collateral”):
 

1. all Accounts;
2. all Chattel Paper;
3. all Copyrights, Patents and Trademarks;
4. all Documents;
5. all Equipment;
6. all Fixtures;
7. all General Intangibles;
8. all Goods;
9. all Gross Receipts;
10. all Instruments;
11. all Inventory;
12. all Investment Property and Securities;
13. all cash or cash equivalents;
14. all letters of credit, Letter-of-Credit Rights and Supporting Obligations;
15. all Deposit Accounts;
16. all Receivables;
17. all Commercial Tort Claims;
18. all Assigned Contracts; and
19. all accessions to, substitutions for and replacements, proceeds (including Stock Rights), insurance proceeds and products of, and all rents, leases, income, revenues, issues, profits, royalties and other benefits arising or derived or to be derived from, or related to, directly or indirectly, the Facility and the foregoing, whether or not any of such property constitutes Accounts, Chattel Paper, Documents, General Intangibles, Instruments or money, together with all books and records, customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto and any General Intangibles at any time evidencing or relating to any of the foregoing;

• Everything sells to the Highest Bidder, Regardless of Price!
• Everything 'AS IS, WHERE IS’ basis with NO warranties of any kind, express, implied, or otherwise.
• All items are selling in BULK ONLY. There will be no bids for individual items.
• To be able to register to bid, the buyer will wire funds in the amount of $250,000, which will become a non-refundable deposit in the event that they are the successful bidder at the auction. No bids will be permitted until the deposit is received in our escrow account.
• Balance of payment will be due in Full on Wednesday, August 28th by 5pm.
• Payment by wire transfer ONLY.
• Contact Auction Company for Escrow Account wiring instructions.
• Secured Creditor has the right to bid and will be bidding on these items.
• Secured Creditor will not be required to submit a deposit to participate.

Terms

Summary of Terms and Conditions for Notice Purposes.

• Everything sells to the Highest Bidder, Regardless of Price!
• Everything 'AS IS, WHERE IS’ basis with NO warranties of any kind, express, implied, or otherwise.
• All items are selling in BULK ONLY. There will be no bids for individual items.
• To be able to register to bid, the buyer will wire funds in the amount of $250,000, which will become a non-refundable deposit in the event that they are the successful bidder at the auction. No bids will be permitted until the deposit is received in our escrow account.
• Balance of payment will be due in Full on Wednesday, August 28th by 5pm.
• Payment by wire transfer ONLY.
• Contact Auction Company for Escrow Account wiring instructions.
• Secured Creditor has the right to bid and will be bidding on these items.
• Secured Creditor will not be required to submit a deposit to participate.