NOTICE OF

TRUSTEE'S SALE

On the 15th day of June, 2004, at the hour of 10:00 A.M., of said day, (recognized local time), in the Office of First American Title Company, 419 Second Ave., Sandpoint, in the County of Bonner, State of Idaho.

First American Title Company of Idaho, Inc., an Idaho Corporation, as successor trustee, will sell at public auction, to the highest bidder, for cash or cashiers check (cash equivalent), in lawful money of the United States, all payable at the time of sale in compliance with Section 45-1506(9) Idaho Code, the following described real property, situated in the County of Bonner, State of Idaho, and described as follows, to-wit:

The East half of the Southwest quarter of the Southeast quarter of the Southeast quarter of Section 8, Township 55 North, Range 2 West, Boise Meridian, Bonner County Idaho.

This Trustee's Sale is subject to any bankruptcy filing, payoff, reinstatement, or any other conditions of which the Trustee is not aware of, and that would cause the cancellation of this sale. Further, if any of these conditions exist, this sale may be null and void. The successful bidder's funds shall be returned, and the Trustee and/or the Beneficiary shall not be held liable to any successful purchaser(s) or bidders, at the Trustee's Sale, for any damages.

The Trustee has no knowledge of a more particular description of the above referenced real property, but for purposes of compliance with Section 60-113 Idaho Code, the Trustee has been informed that according to the County Assessors office, the address of 462 Old Orchard Rd., Cocolalla, Idaho, is sometimes associated with said real property.

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 BRENT TOWNSEND AND ROBIN TOWNSEND, husband and wife, as grantors, to FIRST AMERICAN TITLE COMPANY OF IDAHO, INC., an Idaho Corporation, as successor trustee, for the benefit and security of Washington Mutual Bank, as beneficiary, recorded February 5, 1997, as Instrument No. 498711, Mortgage Records of Bonner County, Idaho.

THE ABOVE GRANTORS ARE NAMED TO COMPLY WITH SECTION 45-1506(4)(A), IDAHO CODE. NO REPRESENTATION IS MADE THAT THEY ARE, OR ARE NOT, PRESENTLY RESPONSIBLE FOR THIS OBLIGATION.

The default for which this sale is to be made is the failure to pay when due, under Deed of Trust Note, the monthly payments for Principal, Interest and Impounds of $687.44, with a change to $698.15 (eff 11/1/03) due per month for the months of August through December, 2003 and all subsequent payments until the date of sale or reinstatement, with a monthly late charge accruing at $29.50, uncollected late charges are due in the amount of $177.00, with interest accruing at 8.75% per annum, and continuing to accrue from July 1, 2003. The principal balance owing as of this date on the obligation secured by said Deed of Trust is $70,596.67, plus accruing interest, costs and advances. All delinquent amounts are now due, together with accruing late charges and interest, unpaid and accruing taxes, assessments, trustee's fees, attorney's fees, and any amounts advanced to protect the security associated with this foreclosure and that the beneficiary elects to sell or cause the trust property to be sold to satisfy said obligation.

Date: February 11, 2004

FIRST AMERICAN TITLE

COMPANY OF IDAHO, INC.

By Monine Cole, Trust Officer

Legal 4994

March 4, 11, 18, 25, 2004