** NOTICE OF SALE **
Real property will be sold for cash (meaning currency of the United States of America, Cashier’s Check(s) from a bank with a branch in Anchorage, Alaska, or Post Office money order), to the highest bidder, in the main lobby (immediately inside the south, main entrance doors) of the Boney State Courthouse, 303 K Street, Anchorage, Alaska, on January 25, 2018, at 11:00 a.m. Proceeds will be applied to costs, expenses and attorney's fees incurred in the foreclosure and to satisfy amounts due under the Deed of Trust naming Michael N. Nelson and Valerie J. Nelson, Trustors, and Cloyd T. Moser And Erwin N. Moser, Beneficiaries (assigned to EQUIVEST MORTGAGE INCOME TRUST, INC., by instruments recorded at R/N 2005-000311-0 and 2006-004274-0). The undersigned is trustee with power of sale under the Deed of Trust.
The Deed of Trust was recorded July 5, 1994, in Book 234 at Page 726, records of the Homer Recording District. The Notice of Default and Sale was recorded October 24, 2017, R/N 2017-003525-0, and should be consulted for important details regarding bidding rules and procedures well prior to the day of the sale. The real property covered by the Deed of Trust and to be sold is described as:
Tracts 3 and 44, STARISKI CREEK ACRES, NO. 2, according to the official plat thereof filed under Plat No. 74-697, records of the Homer Recording District, Third Judicial District, State of Alaska.
Street addr: 67870 Tall Tree Road, Anchor Point, AK 99556
The Deed of Trust was given by said Trustor to secure the obligations therein contained and as contained in that certain promissory note executed by Trustors and made payable to Beneficiaries in the principal face amount of $18,000.00, dated May 10, 1994.
There is now owed and unpaid on said note the following (as of September 28, 2017):
$ 14,855.34 principal
1,066.33 interest, 10.0%, from 01/09/2017 thru 09/28/2017 (262 days)
0.00 late charges (n/a)
1,375.00 foreclosure fees to date
540.00 foreclosure costs to date
0.00 advances by beneficiary
$ 17,836.67 total amount currently due.
The amount due will increase hereafter by the amount of interest incurred at 10% per annum after 09/28/2017 (currently $4.07 per diem), and by future foreclosure fees and/or foreclosure costs, and by any sums properly advanced or expended under the terms of the Deed of Trust with interest as therein provided.
Beneficiary will have the right to bid by offset without cash in an amount not greater than the balance owed on the obligation at the time of sale including all sums expended by beneficiary and trustee under the deed of trust, with interest thereon. Except for said offset bid(s), no one will be permitted to bid until the person conducting the sale for the trustee has verified that the prospective bidder has "cash" funds (as defined above) equal to their bid amount, on hand at the time of the sale. The parcels will be auctioned in bulk and separately, with the actual sale being made to the party(s) making the highest aggregate bid. The sale may be cancelled or postponed at the discretion of the Trustee.
Direct inquiries to the Law Office of James H. McCollum, LLC, 1130 W. 6th Avenue, Suite 100, Anchorage, Alaska 99501, ph: 907-770-7773.
FIRST AMERICAN TITLE INS. COMPANY
By:/s/ Kristi Larson