NOTICE OF TRUSTEE'S SALE

NOTICE IS HEREBY GIVEN that on June 15, 2005, at 11:15 a.m. the office of Catherine L. Dullea, Attorney at Law, as Successor Trustee, 101 N. Fourth Avenue Suite 204, Sandpoint, ID, will sell at public auction to the highest bidder, for cash in lawful money of the United States of America, all payable at the time of sale, the following real property situated in the County of Bonner, State of Idaho, described as follows:

The West Half of the Southwest Quarter of the Northeast Quarter of the Northwest Quarter of Section 25, Township 57 North, Range 3 West, Boise Meridian, 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 S60-113, information may be obtained from Catherine L. Dullea, Attorney at Law, Telephone (208)265-2276.

Said sale will be made, without covenant or warranty regarding title, possession or encumbrances, to satisfy the obligations secured by and pursuant to the power of sale conferred in the Deed of Trust executed by JAMES A. ROSHOLT and TRACEY D. ROSHOLT, husband and wife, as Grantors to Sandpoint Title Insurance, as Trustee, and said Trustee having resigned and the Beneficiary having appointed Catherine L. Dullea, Attorney at Law, as Successor Trustee, for the benefit and security of PANHANDLE STATE BANK, as Beneficiary, said Deed of Trust having been recorded on February 6, 2003, as Instrument No. 618025, official records of Bonner County, Idaho. The Grantors' interest was deeded to Jacob Neal Rosholt, on March 17, 2003.

THE ABOVE GRANTORS ARE NAMED TO COMPLY WITH S45-1506(4)(a) IDAHO CODE. NO REPRESENTATION IS MADE THAT THEY ARE, OR ARE NOT, PRESENTLY RESPONSIBLE FOR THIS OBLIGATION.

The default for which the sale is to be made is the failure of the Grantor(s) and/or assumptive Grantor(s) to pay in full the outstanding principal balance, plus accrued interest thereon, on or before January 25, 2004, failure to pay late fees of $75.90 (Seventy Five Dollars and Ninety Cents) and failure to pay the 2003 and first half of the 2004 real property taxes.

The balance owing as of the date hereof on the obligation secured by said Deed of Trust is the amount of $35,071.12, plus accrued interest at the rate of 8.0% per annum from May 18, 2003, plus any other costs or expenses associated with this obligation or foreclosure as provided by the Deed of Trust or Deed of Trust Note or by Idaho law.

DATED this 14th day of February, 2005.

CATHERINE L. DULLEA, CHTD.

Attorney at Law

101 N. Fourth Avenue, Suite 204

Sandpoint, Idaho 83864

PHONE: (208) 265-2276

FAX: (208) 265-1556

SNP Legal 5891

March 2, 9, 16, 23, 2005