39-21 / 1014933
NOTICE OF TRUSTEE’S SALE
TO BE SOLD FOR CASH AT TRUSTEE’S SALE on April 05, 2022, at 10:00 o’clock A.M. (recognized local time) at the Main Door of the Ravalli County Judicial Building, located at, 205 Bedford Street, Hamilton, MT 59840, the following described real property, situated in Ravalli County, Montana:
Lot 5, Block 12, Riverview Addition, Ravalli County, Montana, according to the official recorded plat thereof. Commonly known as: 512 North 5th Street, Hamilton, MT 59840
Marian Faulkner, as Grantor(s), conveyed said real property to First American Title Company, as Trustee, to secure an obligation owed to Sallie Chaney, as Beneficiary, by Montana Trust Indenture dated August 14, 2015, and recorded August 19, 2015, as Document No. 690860. The Beneficial interest is currently held by Sallie Chaney. Marian Faulkner has defaulted in the performance of said Montana Trust Indenture by failing to make the monthly payment of $761.20 and reserves in the amount of $165.67, plus an escrow fee of $11.00 for a total monthly payment of $937.87 due for the 20th day of June, 2019 and a like sum of $937.87 due for the 20th day of each and every month thereafter, which monthly installments would have been applied on the principal and interest due on said obligation, and other charges against the property or loan. As of November 17, 2021 there is due and owing on the loan an unpaid principal balance of $85,885.90, accrued interest in the amount of $4,814.32, for a total amount due of $90,700.22. Interest accrues on the Note at the rate of 3% per annum with a per diem rate of $7.06 after November 17, 2021. Interest continues to accrue. All delinquencies are now due together with any late charges, advances to protect the security, and fees and costs associated with this foreclosure.
The Beneficiary anticipates and may disperse such amounts as may be required to preserve and protect the property and for real property taxes that may become due or delinquent, unless such amounts of taxes are paid by the Grantors. If such amounts are paid by the Beneficiary, the amounts or taxes will be added to the obligation secured by the Montana Trust Indenture. Other expenses to be charged against the proceeds of this sale include the Trustee’s fees and attorney’s fees, costs and expenses of the sale, and late charges, if any.
Beneficiary has elected and has directed the Trustee to sell the above described property to satisfy the obligation. The sale is a public sale and any person, including the Beneficiary, excepting only the Trustee, may bid at the sale. The bid price must be paid in cash at the time of sale. The conveyance will be made by Trustee’s Deed. The sale purchaser shall be entitled to possession of the property on the 10th day following the sale. The Grantor,
successor in interest to the Grantor, or any other person having an interest in the property, at any time prior to the Trustee’s Sale, may pay to the Beneficiary to the successor in interest to the Beneficiary the entire amount then due under the Montana Trust Indenture and the obligation secured thereby (including costs and expenses actually incurred and attorney’s fees) other than such portion of the principal as would not then be due had no
default occurred and thereby cure the default. The scheduled Trustee’s sale may be postponed by public proclamation up to fifteen (15) days for any reason, and in the event of a bankruptcy filing, the sale may be postponed by the Trustee for up to one-hundred twenty
(120) days by public proclamation at least every thirty (30) days.
DATED: November 22, 2021
Rae Albert, Assistant Secretary for First American Title Company
c/o Title Financial Specialty Services
PO Box 339, Blackfoot, ID 83221
STATE OF Idaho )
COUNTY OF Bingham )
On this November 22, 2021, before me, a Notary Public in and for said State, personally appeared Rae Albert, known or identified to me, to be the Assistant Secretary of First American Title Company, who is named as the Trustee in the above described Montana Trust Indenture and executed the instrument on behalf of said Trustee, and acknowledged to me that said Trustee executed the same.
Notary Public of Idaho
Residing at: Blackfoot, Idaho
Commission Expires: 01/19/2024
BS 12/1, 12/8, 12/15