State Bid

Last Updated on 05 Mar 2021 at 5 AM
SSA
Juneau Alaska

NOTICE OF DEFAULT AND SALE, DEED OF TRUS

Solicitation ID Web ID 921306
Posted Date 05 Mar 2021 at 5 AM
Archive Date Not Specified
NAICS Category
Product Service Code
Set Aside No Set-Aside Used
Contracting Office Not Specified
Agency The Juneau Empire
Location Juneau Alaska United states
Point Of Contact Not Available
NOTICE OF DEFAULT AND SALE, DEED OF TRUST FORECLOSURE CHATHAM PLACE APARTMENTS LIMITED PARTNERSHIP, an Alaska limited partnership, Beneficiary, ALASKA ESCROW AND TITLE INSURANCE AGENCY, INC., Trustee, KEITH E. SCHROTH and ANA E. SCHROTH, Trustors. ALASKA ESCROW AND TITLE INSURANCE AGENCY, INC., Substitute Trustee by virtue of Substitution of Trustee, dated November 20, 2020, recorded February 5, 2021, at Serial No. 2021-000789-0, Juneau Recording District, First Judicial District, State of Alaska, for FIRST AMERICAN TITLE INSURANCE COMPANY, Trustee under the following Deed of Trust executed by KEITH E. SCHROTH and ANA E. SCHROTH, Trustors; with CHATHAM PLACE APARTMENTS LIMITED PARTNERSHIP, an Alaska limited partnership, as Beneficiary; said Deed of Trust dated February 4, 2012 and recorded March 7, 2012 at Serial No. 2012-001274-0, Juneau Recording District, First Judicial District, State of Alaska, affecting the following described land: Unit Five (5) of CHATHAM CONDOMINIUMS, located on Lot 3A, Chatham Place Subdivision as shown on the Floor Plans filed in the office of the Recorder of the Juneau Recording District, First Judicial District, State of Alaska, under Plat No. 2006-46, and as identified in the Declaration recorded August 18, 2006, Serial Number 2006-006037-0, and in any amendments thereof. Having a street address of: 1789 Douglas Highway, Unit 5, Douglas, Alaska 99824 hereby gives notice that breach of the obligation for which such Deed of Trust (and Deed of Trust Note) is security has occurred, that such breach consists of the failure of the above-named Trustors to satisfy certain indebtedness, the payment of which is secured by said Deed of Trust (and Deed of Trust Note), and failure to fulfill covenants and conditions contained in the Deed of Trust. Breach of the obligation and default occurred on or about September 11, 2020. As of February 4, 2021, there is now due, owing and unpaid on the note secured by said Deed of Trust the sum of $136,181.89, broken out as follows: a. Unpaid principal: $131,040.69 b. Interest @ 6.0% from 08-11-2020 to 02-04-2021: $3,791.20 c. Late fees ($150.00 per month): $1,350.00 Interest continues to accrue for each day from and after August 11, 2020 at the rate of six percent (6.0%) per annum with a per diem of $21.54; plus all additional sums properly advanced or expended under the terms of said Deed of Trust, with interest therein provided. Also, notice is hereby given that upon the demand of the Beneficiary, the Trustee elects to sell the above-described real property to satisfy the above-mentioned indebtedness owing to the Beneficiary together with any interest which may hereafter accrue and together with all costs and expenses, including a reasonable attorney's fee, necessarily incurred. Notice is hereby given that Beneficiary reserves the right to accept partial payments up to the sale date, however, Beneficiary also reserves the right to require full payment of all arrearages to stop foreclosure proceedings. Said sale shall be held at public auction at the exterior door facing Fourth Street of the Dimond Courthouse for the Superior Court for the State of Alaska, First Judicial District, 123 4th Street, Juneau, Alaska 99801, on the 18th day of May, 2021 at 10:00 a.m. o'clock. Pursuant to AS 34.20.070, if the default described herein has arisen by failure to make payments required by the above-described Deed of Trust, the default may be cured and this foreclosure 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, 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) when notice of default under (b) of AS 34.20.070 has been recorded two or more times previously under the same trust deed and the default has been cured under (b) of AS 34.20.070, the trustee does not elect to refuse payment and continue the sale. Dated this 16th day of February, 2021. ALASKA ESCROW AND TITLE INSURANCE AGENCY, INC. By: /s/Julie Strunk Title: Chief Title Officer Pub: Mar. 5, 12, 19 & 26, 2021 921306
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