NOTICE OF TRUSTEE'S SALE
On Thursday, December 21, 2006, at the hour of 10:30 o'clock A.M. of said day, at the offices of First American Title Company, located at 419 N. Second, Sandpoint, ID 83864.
Alliance Title & Escrow Corp., as trustee will sell at public auction to the highest bidder, for cash, certified check or tellers check, (from a bank which has a branch in the community at the site of the sale), money order, State of Idaho check or local government check, or cash equivalent in lawful money of the United States, all payable at the time of sale, the following described real property, situated in the County of Bonner, State of Idaho, and described as follows, to-wit:
Lot 11, Block 20, Kootenai Townsite, according to the plat thereof recorded in Book 1 of Plats, Page 84, records of Bonner County, Idaho.
The Trustee has no knowledge of a more particular description of the above described real property, but for purposes of compliance with Idaho Code Section 60-113, the Trustee has been informed that the street addresses of: 108 Humbird Street, Kootenai, ID 83840, may sometimes be associated with said real property.
If the successful bidder cannot provide the bid price by means of one of the above means of payment, the sale will be postponed for 10 minutes only to allow the high bidder to obtain payment in a form prescribed herein above. If the high bidder is unsuccessful in obtaining payment as directed within 10 minutes, the sale will be re-held immediately and any bid by the high bidder from the previous sale, will be rejected, all in accordance with Idaho Code 45-1502 et. Sec.
Said sale will be made, without covenant or warranty regarding title, possession or encumbrances, to satisfy the obligation secured by and pursuant to the power of sale conferred in the deed of trust executed by Janet L. Posey and Arnold L. Posey, Wife and Husband, as Grantor to Alliance Title & Escrow Corp., as Trustee, for the benefit and security of Chase Home Finance LLC, successor by merger o Chase Manhattan Mortgage Corporation, as Beneficiary, recorded September 30, 2004 as Instrument No. 660730, Mortgage records of Bonner County, Idaho. The above Grantors are named to comply with Section 45-1506(4)(a) Idaho Code. No representation is that they are, or are not, presently the responsibility for this obligation.
The default for which this sale is to be made is failure to:
Make principal and interest payments as set forth on said Deed of Trust and Promissory Note. The original loan amount was $108,000.00 together with interest thereon at the rate of 6.2500% per annum, as evidenced in Promissory Note dated September 28, 2004. Payments are in default for the months of April through and including August of 2006 in the amount of $751.81 per month and continuing each and every month thereafter until date of sale or reinstatement. The principal balance as of August 10, 2006, 2006 is $106,178.48 together with accrued and accruing interest thereon at the rate of 6.2500%. The per diem is $18.18. In addition to the above, there is also due any late charges, advances, escrow collection fees, attorney fees, fees or costs associated with this foreclosure.
The balance owing as of this date on the obligation secured by said deed of trust is $106,178.48, excluding interest, costs and expense actually incurred in enforcing the obligations thereunder or in this sale, , as trustee's fees and/or reasonable attorney's fees as authorized in the promissory note secured by the aforementioned Deed of Trust.
Dated: August 16, 2006.
Alliance Title & Escrow Corp.
Bobbi Oldfield, Trust Officer
Phone: (877)947-1553
Legal SNP# 8100
September 6, 13, 20, 27, 2006