RECORD IN THE ANCHORAGE RECORDING DISTRICT
NOTICE OF DEFAULT; NOTICE OF SALE
Fidelity Title Agency of Alaska, Substitute Trustee, under a Deed of Trust executed by Trustor REID STRATTON, to Pacific Northwest title of Alaska, Inc., Trustee, for the benefit of Hal Ingalls, Beneficiary, to secure performance of the obligations therein stated, including payment of principal and interest on a Note in the original principal sum of Sixty Thousand Dollars and No Cents ($60,000.00), and other obligations therein recited (collectively "Obligation"), recorded on March 15, 2007, at Serial No. 2007-0159130-0, records of the Anchorage Recording District, Third Judicial District, State of Alaska encumbering the following described property:
Lot 17R, WOODLAND PARK ADDITION, according to the official plat thereof, filed under Plat No. P-61B, in the records of the Anchorage Recording District, Third Judicial District, State of Alaska.
2703 W 30th Avenue, Anchorage, Alaska 99517-1815.
gives notice that a breach of one or more obligations for which said Deed of Trust is security has occurred, to wit: Trustor has failed to pay a Note for which said Deed of Trust is security. The balance owing on such Note is FIFTY FIVE THOUSAND FOUR HUNDRED FIFTY TWO DOLLARS and TWELVE CENTS ($55,452.12), plus interest thereon at the rate of Seventeen Percent (17.0%) per annum from July 16, 2011, late charges in accordance with the Note, and real property taxes paid by Beneficiary.
Trustee elects to sell and will cause property to be sold at public outcry auction to the highest and best bidder for cash payable at the time of sale upon closing of bids, to apply against the above indebtedness, all costs, expenses and attorney's fees incurred in this proceeding, any sums advanced to preserve and protect the property and all other amounts due in accordance with such Deed of Trust. Said sale shall be held immediately inside the doors of the main entrance of the Nesbett Memorial Courthouse, 825 West Fourth Avenue, Anchorage, Alaska 99501, on the ___ day of ___________, 2016, at 10:00 a.m. Beneficiary will have the right to make an offset bid without cash in an amount equal to the total amount due in accordance with such Deed of Trust.
As used herein "closing of bids" means the time the person conducting the auction announces that the property is sold to the highest bidder; and "cash" means coin or currency of the United States of America, United States Post Office Money Order or Cashier's Check from a bank having a branch in the above named recording district.
If the default has arisen by failure to make payments required by the Trust Deed, the default may be cured and the sale may be terminated if:
1. Payment of the sum in default, other than the principal that would not be due if default had not occurred, and 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 this Notice of Default or to which the sale is postponed; and
2. If 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 continue the sale.
Dated this 14th day of September,2016.
SUBSTITUTE TRUSTEE: FIDELITY TITLE AGENCY OF ALASKA
Pub: 9/25- 10/22/2016