1690 Adams Dr Sw

NOTICE OF SALE UNDER POWER STATE OF GEORGIA COUNTY OF FULTON Under and by virtue of the power of sale contained in that certain Construction Security Deed, Assignment of Leases and Rents, Security Agreement and Fixture Filing from The John Bennett Group, LLC, a Georgia limited liability company (the "Grantor") to and in favor of Coastal Equity Group, LLC, a Delaware limited liability company (the "Lender"), predecessor in interest to Tryon Street Acquisition Trust I (the "Holder") dated February 14, 2024, and recorded in Deed Book 67591, Page 238, Fulton County, Georgia records, as transferred and assigned (as assigned, amended and/or modified, the "Security Deed"), securing that certain Note dated February 14, 2024 in the original principal amount of $975,000.00 executed by Grantor payable to Holder (as amended and/or modified, the "Note"), there will be sold at public outcry by Holder, as attorney-in-fact for Grantor, to the highest bidder for cash between the legal hours for sale before the Courthouse door in Fulton County, Georgia, on Tuesday, August 5, 2025, the following described land, improvements and appurtenances (hereinafter collectively referred to as the "Premises") to wit: Property Address: 1690 Adams Drive SW, Atlanta, GA 30311 All that tract or parcel of land lying and being in Land Lot 232 of the 14th District of Fulton County, Georgia and being Lot 5 as shown on that that certain survey entitled Final Plat for Adams Drive Estates dated January 24, 2007, prepared by Frontline Surveyors and Mapping Inc., certified by Thomas Edward Peay, Jr., GRLS No 2402 and recorded in Plat Book 324, Page 110, Fulton County, Georgia Records, which plat is referred to and made a part of this description. TOGETHER WITH the rents, issues and profits thereof, all plans, specifications, shop drawings and other technical descriptions prepared for construction, repair or alteration of the Property and any improvements thereon, and all amendments and modifications thereof, and all other construction related agreements in any way relating to the development, construction or use of the Property. The indebtedness evidenced by the Note is due and payable and remains unpaid. The Security Deed therefore has become and is now foreclosable according to its terms. Accordingly, the Premises will be sold at public outcry pursuant to the terms of the power of sale provided in the Security Deed. The Premises will be sold on an "as is, where is" basis without recourse against Holder and without representation or warranty of any kind or nature whatsoever by Holder with respect thereto. The proceeds of the sale are to be applied first to the expenses of the sale and all proceedings in connection therewith, including attorneys' fees (notice of intention to collect attorneys' fees having been given), then to the payment of all sums secured by the Security Deed, and the remainder, if any, will be paid to the person or persons legally entitled thereto, all as provided in the Security Deed. The Premises shall be sold as the property of Grantor, subject to all restrictions, easements and other matters of record that are prior to the Security Deed and to which the Security Deed is subject and to any unpaid city, county and state ad valorem taxes or assessments relating to the Premises. To the best of the undersigneds knowledge and belief, the owner of the Premises is the Grantor and the party or parties in possession of the Premises is the Grantor or tenants of the Grantor. TRYON STREET ACQUISITION TRUST I As Attorney-in-Fact for THE JOHN BENNETT GROUP LLC Lisa Wolgast, Esq. Barnes & Thornburg LLP 3340 Peachtree Rd NE Suite 2900 Atlanta, GA 30326 (470) 832-7535 7:9,16,23,30ep