NOTICE OF TRUSTEE'S SALE
NOTICE IS HEREBY GIVEN that on October 9, 2007, at 11:00 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 Northeast Quarter of the Southwest Quarter of Section 1, Township 58 North, Range 1 East, Boise Meridian, Bonner County, Idaho, lying South of the right of way of Trapper Creek Road.
The purported physical address is 180 Trapper Creek Road, Sandpoint, 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 DAVID B. ALLEN and INGRID Z. ALLEN, husband and wife, as Grantors, to Sandpoint Title Insurance, as Trustee, and said Trustee having resigned and the Beneficiaries having appointed Catherine L. Dullea, Attorney at Law, as Successor Trustee, for the benefit and security of Western Sierra Bank Custodian FBO Marita Stewart, #ISM0070, as to an undivided 89% interest, and Jeff Eich and Ruth Eich, husband and wife, as to an undivided 11% interest, Beneficiaries, said Deed of Trust having been recorded on July 21, 2006, as Instrument No. 708901, official records of Bonner County, Idaho. The beneficial interest of the 89% interest was assigned to Umpqua Bank Custodian FBO Marita Stewart #ISM0070, recorded May 16, 2007, as Instrument No. 728988, records of Bonner County, Idaho, and re-recorded May 24, 2007, as Instrument No. 729481.
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 make monthly payments of $916.67, each, for the months of November and December, 2006, January, February, March, April and May, 2007, failure to pay late charges in the amount of $91.67, each, for the same months, failure to pay default fees of $100.00, and failure to pay the first half of the 2006 real property taxes. The default further consists of the Grantors' failure to keep their underlying obligation with Mountain West Bank current. The Beneficiaries have paid the sum of $6,600.00 toward that obligation and demand is hereby made for reimbursement pursuant to the Deed of Trust.
The balance owing as of the date hereof on the obligation secured by said Deed of Trust is the amount of $100,000.00, plus accrued interest at the rate of 11.0% per annum from October 21, 2006, 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 5th day of June, 2007.
CATHERINE L. DULLEA
Attorney at Law
Successor Trustee
Legal SNP# 8728
June 12, 19, 26, July 3, 2007