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Placed on 4/11/2019
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NOTICE OF DEFAULT AND SALE DEED OF TRUST FORECLOSURE KACHEMAK BAY TITLE AGENCY, INC., Substitution Trustee, under that certain Deed of Trust executed by SANDRA S. VINCENT, as Trustor, to STEWART TITLE OF THE KENAI PENINSULA, INC., Trustee, and BRENNAN PROPERTIES, LLC, Beneficiary, dated June 11, 2018, and recorded June 12, 2018, in the office of the Recorder for the Homer Recording District, State of Alaska, at Serial Number 2018-001659-0, describing the following described real property situated in the State of Alaska, Third Judicial District, Homer Recording District, and more particularly described as follows: Lots Fifteen (15) and Sixteen (16), SEASIDE TERRACE (Amended), according to Plat No. 82-101, in the Homer Recording District, Third Judicial District, State of Alaska. The street addresses of the above lots, in the same sequence, are 74360 Sterling Hwy, Ninilchik, AK 99639 and 74336 Sterling Hwy, Ninilchik, AK 99639. gives notice that a breach of the obligations for which such Deed of Trust is security has occurred, that such breach consists of the failure of the above-named Trustor to satisfy a certain indebtedness, the payment of which is secured by said Deed of Trust, and that the principal amount of such indebtedness past due and owing by said Trustor to said Beneficiary is ONE HUNDRED SIXTY-NINE THOUSAND THREE HUNDRED TWENTY-TWO DOLLARS and 10/100ths ($169,322.10), plus interest on such amount from November 8, 2018 to January 28, 2019, and delinquent 2018 Kenai Peninsula Borough property taxes in the amount of $2,507.40, plus costs of this foreclosure action, including the litigation report as of February 19, 2019 of $792.00, the recording of the notice of default is estimated to be $70.00; the costs of posting the notice of default is estimated to be $100.00; and postage for mailing the notice of default is estimated to be $55.00; attorney's fees to date are $1,500.00; costs to close the escrow is $100.00. The Substitution Trustee elects to sell the property and to apply the proceeds against the obligation. The Default has arisen by failure to make payments required by the Deed of Trust. The default may be cured and the foreclosure sale may be terminated if (1) payment of the sum then in default, other than the principal that would not then be due if default had not occurred, plus attorney and other foreclosure fees and costs actually incurred by the assignee beneficiary and trustee due to the default is made at any time before the sale date stated above or to which the sale is postponed; and (2) when notice of default has been recorded two or more times previously under the same deed of trust and the default has been cured, the trustee does not elect to refuse payment and continue the sale. Notice is given that upon the demand of the Beneficiary, the Substitution Trustee hereby elects to sell the above-described property to satisfy all of the above-mentioned indebtedness owing to said Beneficiary, together with all necessary costs and expenses, including reasonable attorney's fees, necessarily incurred. Said sale shall be held at public auction at the main front door of the State Court Building, located at 3670 Lake Street, Building A, Homer, Alaska 99603, on the 17th day of june, 2019, at 10 o'clock am. Beneficiary will have the right to make an offset bid without cash in an amount equal to the sale, including all sums expended by Beneficiary and Substitution Trustee under the Deed of Trust with interest thereon. KACHEMAK BAY TITLE AGENCY, INC., Substitution Trustee has appointed the law firm of Michael Hough, to institute and conduct the foreclosure of this Deed of Trust. Any inquiries should be directed to the law firm at 3733 Ben Walters Lane, Suite 2, Homer, AK 99603. DATED this 12th day of March, 2019. KACHEMAK BAY TITLE AGENCY, INC., Substitution Trustee By: Kathy Hemstreet Title: Vice President Pub: 4/11,4/18,4/25 & 5/2, 2019 852021
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