Public Notice Notice
Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research
Crosby Lending 2 LLC, as secured party under a June 4, 2025 pledge agreement, will publicly auction the pledged interest in 632 Grove St. LLC and related rights following an event of default under New Jersey’s UCC Article 9.
Key Takeaways
- Public auction of pledged interest in 632 Grove St. LLC.
- Sale due to Event(s) of Default under the Pledge Agreement.
- Secured party: Crosby Lending 2 LLC.
- Collateral: membership/share interest in 632 Grove St. LLC and related rights.
- Published
- Category
- Other
If you don't respond
If interested parties do not participate in the public auction, they will forfeit the opportunity to purchase the pledged interest; the secured party will sell the collateral under UCC procedures (no deadline stated in notice excerpt).
What to do next
- 1
Contact the Secured Party
Reach out to Crosby Lending 2 LLC for auction details and terms (contact info should be in full notice).
- 2
Review the Pledge Agreement
Obtain and read the June 4, 2025 Pledge Agreement to confirm obligations and auction mechanics before bidding.
- 3
Prepare for auction participation
Arrange proof of funds and registration to bid at the public auction; verify date and location in the complete notice.
Frequently asked questions
- Who is selling the interest in 632 Grove St. LLC?
- Crosby Lending 2 LLC, the secured party under the Pledge Agreement.
- Why is the pledged interest being sold?
- Because there were Event(s) of Default under the June 4, 2025 Pledge Agreement.
- What is being sold at the auction?
- All of the pledgor’s right, title, and interest in 632 Grove St. LLC and related rights and property.
The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.
Legal terms in this notice
- Pledge Agreement
- Contract where borrower grants security interest in assets to a lender until debt is repaid.
- Pledged Entity
- The company or asset whose ownership interest is used as collateral (632 Grove St. LLC).
- UCC-1 Filing Statement
- Public record that notifies others of a secured party’s interest in specified collateral.
- Article 9 (UCC)
- Uniform Commercial Code rules governing secured transactions and foreclosure of personal property.
Full Notice Text
NOTICE OF SALE PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New Jersey, by virtue of certain Event(s) of Default under that certain Pledge and Security Agreement dated as of June 4, 2025 (the “Pledge Agreement”), executed and delivered by Maureen A. Edwards (the “Pledgor”), and in accordance with it rights as holder of the security, Crosby Lending 2 LLC (the “Secured Party”), by virtue of possession of that certain Share Certificate held in accordance with Article 8 of the Uniform Commercial Code of the State of New Jersey (the “Code”) and by virtue of those certain UCC-1 Filing Statement made in favor of Secured Party, all in accordance with Article 9 of the Code, Secured Party will offer for sale, at public auction, (i) all of Pledgor's right, title, and interest in and to the following: 632 Grove St. LLC (the “Pledged Entity”), and (ii) certain related rights and property relating thereto (collectively,