NOTICE OF DEFAULT AND SALE (REVISED)
NOTICE IS HEREBY GIVEN that JOHN M. VILLACANA, an Unmarried Person, as Trustor, on June 18, 2008, executed a Deed of Trust affecting certain real property to SOUTHCENTRAL TITLE AGENCY as Trustee, STEWART TITLE OF THE KENAI PENINSULA, INC. having since been substituted as Trustee, and KENAI RIVER R.V. CAMP, INC., an Alaskan Corporation, as Beneficiary, which Deed of Trust was recorded on June 19, 2008 at Serial Number 2008-006454-0, Kenai Recording District, Third Judicial District, State of Alaska, and describing and encumbering land and improvements known as:
Lots Fifty Nine (59) and Sixty (60), THE GREAT ALASKA FISH CAMP SUBDIVISION, according to Plat 82-81, Kenai Recording District, Third Judicial District, State of Alaska
Physical address: 38448 Moose River Drive, Sterling, Alaska 99672, Lots Fifty Nine (59) and Sixty (60)
Notice is hereby given that default upon the underlying obligation for which said Deed of Trust is security has occurred and that such breach consists of a failure by the Trustor to satisfy a certain indebtedness, the payment of which is secured by said Deed of Trust and Deed of Trust Note dated the 15th day of October, 2004, in the original amount of TWENTY TWO THOUSAND FIVE HUNDRED and No/100THS DOLLARS ($22,500.00). The obligations under the Note are in default and the entire amount is deemed due, owing and delinquent under the acceleration provisions of the note. The current amount of the principal indebtedness is FIFTEEN THOUSAND EIGHT HUNDRED SEVENTY THREE and 61/100THS DOLLARS ($15,783.61),
A breach of , and default in, the obligations of said deed of trust has occurred because Trustor has failed to make timely payments upon the underlying deed of trust, with the currently delinquent amounts consisting of twenty eight (28) or more delinquent THREE HUNDRED THIRTY ONE and NO/100THS ($331.00) payments of mixed principal and interest at the rate of 12% per annum, totalling as of August 18, 2015 NINE THOUSAND TWO HUNDRED SIXTY-EIGHT DOLLARS and NO/100THS ($9,268.00) as of the date of recording, plus per diem accruing interest of FIVE AND 22/100THS DOLLARS ($5.22) PER DAY, plus delinquent Kenai Peninsula Borough real property taxes in the amount equal to or greater than SEVEN HUNDRED SEVENTY ONE and 24/100THS DOLLARS ($771.24), a $100 escrow closing fee, legal expenses, plus all attorney fees, costs, and other sums expended by Beneficiary under the Deed of Trust with interest thereupon.
The undersigned trustee, STEWART TITLE OF THE KENAI PENINSULA, INC. , elects to sell the above-described property at public auction to the highest and best bidder for cash in lawful money of the United States of America, payable at the time of sale upon acceptable bid, to satisfy the obligation on the 30th day of December, 2015, at the hour of 11:00 o'clock a.m. at the front door of the Alaska Court System Building, 125 Trading Bay Drive, Kenai, Alaska 99611.
In this notice, cash and lawful money of the United States of America means coin or currency of the United States, United States Post Office Money Order, or Cashier's Check. Beneficiaries will have the right to make an off-set bid without cash in an amount equal to the balance owed on the obligation at the time of the sale, including all sums expended by Beneficiary and Trustee of the Deed of Trust with interest thereupon.
The default may be cured and the sale terminated if payment of all sums then in default and otherwise owing, other than the principal that would not then be due if default had not occurred, together with payment of all attorney and other foreclosure fees and costs actually incurred by the beneficiary and trustee due to the default is made at any time before the sale date stated in the notice of default or to which the sale is postponed and if, when notice of default has been recorded two or more times previously under the same trust deed and the default has been cured, the trustee does not elect to refuse payment and to conclude the sale.
This communication is part of an attempt to collect a consumer debt and any information obtained will be used for that purpose.
DATED this 17th day of September, 2015.
STEWART TITLE OF THE KENAI
BY:/s/ Chris Hough
TITLE: Authorized Signator
Pub: 10/4/2015 through 10/31/2015