NOTICE OF

| March 16, 2004 8:00 PM

TRUSTEE'S SALE

On the 8th day of July, 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:

That portion of the West half of the Northeast quarter of Section 26, Township 56 North, Range 2 West, Boise Meridian, Bonner County, Idaho, described as follows:

Beginning at the Southeast corner of Government Lot 2 (Northeast 1/16 corner) of said section;

Thence North 89o 55' 12" West, 205.22 feet along an existing fence line;

Thence leaving said North 00o 10' 58" East, 517.90 feet to the Westerly edge of an easement along an existing raid, and said easement being 30 feet in width;

Thence North 55o 52' 42" East, 30.00 feet across the latter said easement to a point on the Easterly side of said easement and which said point is also the beginning of a right hand curve having a radius of 155.00 feet and a central angle of 40o 12' 00";

Thence along said curve and the Easterly side of said easement a distance of 108.75 feet;

Thence North 06o 03' 47" East, 148.56 feet;

Thence leaving said easement South 79o 45' 09" East, 44.00 feet;

Thence North 09o 50' 39" East, 100.00 feet;

Thence North 03o 17' 13" West, 312.62 feet to the present shoreline of Shepard Lake;

Thence North 03o 17' 13" West, 105.59 feet to the North line of said section;

Thence South 89o 59' 52" East, 158.98 feet along the North line of said section to the Northeast corner of Government Lot 2;

Thence along the East lint of Government Lot 2 South 00o 17' 22" West, 84.69 feet to the shoreline of Shepard Lake;

Thence continuing along the East line of Government Lot 2 South 00o 17' 22" West, 1209.65 feet to the point of beginning.

LESS

That portion of the West half of the Northeast quarter of Section 26, Township 56 North, Range 2 West, Boise Meridian, Bonner County, Idaho described as follows:

Beginning at the Southeast corner of Government Lot 2 (Northeast 1/16 corner) of said section;

Thence North 89o 55' 12" West, 205.22 feet;

Thence North 00o 10' 58" East, a distance of 277.37 feet to the true point of beginning;

Thence continuing North 00o 10' 58" West, 240.53 feet to the Westerly edge of an easement along an existing road, and said easement being 30 feet in width;

Thence along said curve and the Easterly side of said easement a distance of 108.75 feet;

Thence North 06o 03' 47" East, 148.56 feet;

Thence leaving said easement South 79o 45' 09" East, 44.00 feet;

Thence North 09o 50' 39" East, 100.00 feet;

Thence North 03o 17' 13" West, 312.62 feet to the present shoreline of Shepard Lake;

Thence North 03o 17' 13" West, 105.59 feet to the North line of said section;

Thence South 89o 59' 52" East, 158.98 feet along the North line of said section;

Thence along the East line of Government Lot 2 South 00o 17' 22" West, 84.69 feet to the shoreline of Shepard Lake;

Thence continuing along the East line of Government Lot 2 South 00o 17' 22" West, 1013.38 feet to the Southwesterly side of the above said easement;

Thence North 27o 58' 48" West 69.59 feet;

Thence leaving said easement North 83o 25' 08" West, 173.83 feet to the true point of beginning.

AND

All that portion of Government Lot 1 in Section 26, Township 56 North, Range 2 West, Boise Meridian, Bonner County, Idaho; lying South and West of the Westerly line of Right-of-way easement as set forth in Instrument No. 159095 on July 25, 1974 in Book 54 of Miscellaneous, Page 241, records of said county.

AND

The North 278 feet of the following parcels:

1. The Northwest quarter of the Southwest quarter of the Northeast quarter in Section 26, Township 56 North, Range 2 West, Boise Meridian, Bonner County, Idaho lying West of that certain Road Right-of-way as disclosed in Right-of-way as disclosed in Right-of-way Easement recorded July 26, 1974 as Instrument No. 159095, records of Bonner County, Idaho.

2. Th East half of the Northeast quarter of the Southwest quarter of the Northeast quarter of Section 26, Township 56 North, Range 2 West, Boise Meridian, Bonner, County, Idaho.

PARCEL 2:

The East half of the Northeast quarter of the Southwest quarter of the Northeast quarter and the Northwest quarter of the Southeast quarter of the Northeast quarter in Section2 6, Township 56 North, Range 2 West, Boise Meridian, Bonner County, Idaho, lying West of that certain Road Right-of-way as disclosed in Right-of-way Easement recorded July 26, 1974 as Instrument No. 159095, records of Bonner County, Idaho.

LESS: The North 278 thereof.

PARCEL 3:

A parcel of land in the Northeast quarter of Section 26, Township 56, Range 2 West, Boise Meridian, Bonner County, Idaho, described as follows:

Beginning at a point lying North 00o 24' 23" East, 227.66 feet from the Southeast corner of the Northwest quarter of the Northeast

quarter, of said Section 26, thence a strip of land 60.00 feet

wide lying 30.00 feet either side of a centerline bearing South 24o 23' 30" East, 195.30 feet;

thence South 21o 44' 10" East, 152.67 feet;

thence South 18o 12' East, 467.53 feet;

thence South 30o03' 40" East, 132.04 feet;

thence South 34o 07' 20" East, 130.86 feet;

thence South 32o 01' 20" East, 177.09 feet;

thence South 37o 33' 30" East, 253.37 feet;

thence South 52o 56' 50" East, 89.35 feet;

thence North 81o 48' 50" East, 77.56 feet;

thence North 46o 13' 40" East, 82.61 feet;

thence North 28o 38' 50" East, 258.75 feet;

thence North 34o 50' 20" East, 203.25 feet;

thence North 46o 59' 20" East, 211.00 feet to the West Right-of-way line of the County Road.

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 libel to any successful bidder's funds shall be returned and the Trustee and/or Beneficiary shall not be held libel 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 413 Laura Lane, Sagle, 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 HOMER I PRICE, married man/sole separate estate, as grantor, to FIRST AMERICAN TITLE COMPANY OF IDAHO, INC., an Idaho Corporation, as successor trustee, for the benefit and security of WASHINGTON MUTUAL BANK fka Washington Mutual Bank, FSB, as beneficiary, recorded August 14, 1998, as Instrument No. 529355, 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 $983.48, with a change to $1,001.56 (eff. 9/1/03), due per month for the months of August through November, 2003 and all subsequent payments until the date of sale or reinstatement, with a monthly late charge accruing at $40.84, uncollected late charges are due in the amount of $163.36, with interest accruing at 7.125% 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 $114,511.71, 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 24, 2004

FIRST AMERICAN TITLE

COMPANY OF IDAHO, INC.

By Elisha M. Ricky, Trust Officer

Legal 5058

March 17, 24, 31, April 7, 2004

NOTICE TO CREDITORS