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PUBLIC NOTICE - - - JUDICIAL ADVERTISEMENT UNITED STATES DISTRICT COURT EASTERN DISTRICT OF LOUISIANA CASE NO. 24-850 KEYBANK NATIONAL ASSOCIATION versus LAKEWOOD POINTE APTS LLC, FREDRICK SCHULMAN AND MOSHE SILBER By virtue and in obedience to a Writ of Execution from the United States District Court for the Eastern District of Louisiana in the above-numbered and entitled cause, the U.S. Marshal has seized and will proceed to sell to the highest bidder at public auction, in the lobby of the United States Courthouse, 500 Poydras Street, New Orleans, Louisiana 70130 on Friday, October 24, 2025 at 10:00 o’clock a.m., the following described property to-wit: 1. All that certain lot, piece or parcel of land, with the buildings and improvements thereon erected, situated, lying and being in the City of New Orleans, Parish of Orleans, State of Louisiana; That Certain Piece of ground, together with all the buildings and improvements thereon, and all the rights, ways, privileges, servitudes, appurtenances and advantages thereunto belonging or in anywise appertaining, situated in the Third Municipal District of the City of New Orleans, Parish of Orleans, State of Louisiana, in Section 20 of the LaKratt Tract (formerly New Orleans Lakeshore Land Co. Subdivision), designated as LOT 2A on a survey by the Office of Gandolfo, Kuhn & Associates, dated December 3, 1971, (H-70-2) and more particularly as follows in accordance with said survey (the “Land”) and together with all existing and future easements and rights affording access to the Land; Begin at the intersection of the west line of St. Charles Canal and the new south line of Morrison Road; thence along the west line of St. Charles Canal S 21°28'50" E distance of 1381.15 feet to the north line of Interstate Highway I-10; thence along said north line, S 78°01'13" W a distance of 230.57 feet to a point of curvature; thence continuing along said north line in a southwesterly direction along a curve to the right having a radius of 3669.72 feet, a distance of 944.29 feet to the east line of Joffre Road; thence along said east line, N 03°15'48" E a distance of 59.86 feet to a point of curvature; thence along said east line in a northwesterly direction along a curve to the left having radius of 491.27 feet, a distance of 213.42 feet to a point of tangent; thence along said east line, N 21°37'36" W, a distance of 803.66 feet to the new south line of Morrison Road; thence along said south line, which is 20 feet south of and parallel to the former south line of Morrison Road, N 68°15'24" E, a distance of 1060.48 feet to the west line of St. Charles Canal to the point of beginning; Said portion of ground consists of Portions of Groves 1, 3, 5, 7, 9, 11, 13, 15 & 17 of Section 20 of the former New Orleans Lakeshore Land Company Tract; 2. Together with all buildings, structures, and improvements now located or later to be constructed on the Land (the “Improvements” and, together with the Land, the “Project”); And together with: 3. Together with all existing and future appurtenances, privileges, easements, franchises, and tenements of the Land, including all minerals, oil, gas, other hydrocarbons and associated substances, sulfur, nitrogen, carbon dioxide, helium, and other commercially valuable substances that may be in, under or produced from any part of the Land, all development rights and credits, air rights, water, water rights (whether riparian, appropriative or otherwise, and whether or not appurtenant), and water stock, and any portion of the Land lying in the streets, roads or avenues currently existing or later constructed; 4. Together with all existing and future leases, subleases, subtenancies, licenses, rental agreements, occupancy agreements, and concessions relating to the use and enjoyment of or affecting all or any part of the Land or Improvements, any and all guaranties, extensions, renewals, replacements and modifications thereof, and all other agreements relating to or made in connection therewith, and any agreement (written or oral) between Lakewood Pointe Apts LLC or its agents, and any tenant, lessee, occupant, licensee, guest or invitee pursuant to which Lakewood Pointe Apts LLC, or its agent, agrees to permit such tenant, lessee, occupant, licensee, guest or invitee to park in or at the Project (each a “Lease”, and collectively, the “Leases”); 5. Together with all real property and improvements on such real property, and all appurtenances and other property and interests of any kind or character, whether described above or not that may be reasonably necessary or desirable to promote the present and any reasonable future beneficial use and enjoyment of the Land or Improvements; 6. Together with all goods, materials, supplies, chattels, furniture, fixtures, equipment, and machinery owned by Lakewood Pointe Apts LLC now or later to be attached to, placed in or on, or used in connection with the use, enjoyment, occupancy or operation of all or any part of the Land or Improvements, whether stored on the Land or elsewhere, including all pumping plants, engines, pipes, ditches and flumes, and also all gas, electric, cooking, heating, cooling, air conditioning, lighting, refrigeration, and plumbing fixtures and equipment, all of which shall be considered to the fullest extent of the law to be real property for purposes of the Mortgage, and any manufacturer's warranties with respect thereto; 7. Together with all building materials, equipment, work in process and other personal property of any kind owned by Lakewood Pointe Apts LLC, whether stored on the Land or elsewhere, that have been or later will be acquired for the purpose of being delivered to, incorporated into or installed in or about the Land or Improvements; 8. Together with all of Mortgagor's interest in and to all operating accounts, the Loan funds, whether disbursed or not, all reserve accounts, impound accounts, and any other bank accounts of Lakewood Pointe Apts LLC relating to the Project or the operation thereof; 9. Together with all rights to the payment of money, accounts, accounts receivable, reserves, deferred payments, refunds, cost savings, payments and deposits, whether now or later to be received from third parties (including all earnest money sales deposits) or deposited by Lakewood Pointe Apts LLC with third parties (including all utility deposits), chattel paper, instruments, documents, notes, drafts and letters of credit (other than letters of credit in favor of a beneficiary), that arise from or relate to construction on the Land, leasing of the Land or Improvements, or to any business now or later to be conducted on it, or to the Land and Improvements generally; 10. Together with all refunds, rebates, reimbursements, reserves, deferred payments, deposits, cost savings, governmental subsidy payments, governmentally-registered credits, other credits (including development credits), waivers and payments, whether in cash or in kind, allocated to the Land, the Improvements, or Lakewood Pointe Apts LLC, or due and payable by (i) any federal, state, municipal or other governmental or quasi-governmental agency, authority or district or (ii) any insurance or utility company relating to any or all of the Land or Improvements or arising out of the satisfaction of any conditions imposed upon or the obtaining of any approvals for the development or rehabilitation of the Land or Improvements; 11. Together with all insurance policies and the proceeds thereof pertaining to the Land, the Improvements, or any other property described herein, and all proceeds, including all claims to and demands for them, of the voluntary or involuntary conversion of any property described herein into cash or liquidated claims, including proceeds of all present and future fire, hazard or casualty insurance policies and all condemnation awards or payments now or later to be made by any public body or decree by any court of competent jurisdiction for any taking or in connection with any condemnation or eminent domain proceeding or any settlement in lieu thereof, and all causes of action and their proceeds for any damage or injury to the Land, Improvements or the other property described herein, or breach of warranty in connection with the construction of the Improvements, including causes of action arising in tort, contract, fraud or concealment of a material fact; 12. Together with all of Lakewood Pointe Apts LLC's right, title, and interest in and to any and all units, common elements, declarant rights, development rights, and any other rights relating to the Land or the Improvements, whether now existing or subsequently arising, under any and all condominium declarations, covenants, conditions, and restrictions, development agreements, or other agreements or declarations now existing or later executed relating to the Land or Improvements, and all Laws now existing or later enacted relating to the Land or Improvements, including those relating to condominiums, and all rights of Lakewood Pointe Apts LLC in connection with any owner's association, condominium association, architectural control committee, or similar association or committee, established in connection with the Project, including Lakewood Pointe Apts LLC 's rights and powers to elect, appoint, and remove officers and directors of any such associations or committees; Together with all of Lakewood Pointe Apts LLC 's right, title, and interest in and to any swap transaction. The above-described immovable (real) property, movable (personal) property, leases, contracts, rents and proceeds in paragraphs 1 through 12 may be referred to collectively as the “Seized Property”. The sale is subject to all superior security interests, mortgages, liens and privileges. WRIT AMOUNT: $25,973,533.13 as of May 2, 2025. TERMS: SUCCESSFUL BIDDER MUST PAY 10% DOWN AT THE MOMENT OF ADJUDICATION AND THE BALANCE OF THE ADJUDICATION PRICE WITHIN TEN BUSINESS DAYS. NOTE: All funds must be Cashier’s Check or Certified Check; no cash accepted. If balance is not paid within ten business days from the date of sale, bidder forfeits 10% deposit. Plaintiff, or its assignee, by order of court, may apply amounts set forth in the Judgment entered in the above-numbered and entitled cause as a credit against the adjudication price. Contact Susan Tyler (504) 582-8298, styler@joneswalker.com, to inspect the Seized Property prior to the sale. Interested persons must sign a waiver, hold harmless and indemnification of the U.S. Marshal prior to inspection of, and access to, the Seized Property. The sale may be continued or rescheduled from time to time. BRANDON K. BLACK SUSAN M. TYLER Attorneys for Plaintiff UNITED STATES MARSHAL UNITED STATES DISTRICT COURT EASTERN DISTRICT OF LOUISIANA 157472-sep 24-oct 1-8-15-22-5t $6,381