Point Of Contact Not Available

TS# AK2000001-22-1. NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST This NOTICE OF DEFAULT AND ELECTION TO SELL is given by MTC Financial Inc. dba Trustee Corps, as Successor Trustee under that certain Deed of Trust executed by KBROWN SD LIMITED, AN ALASKA CORPORATION as Trustor(s), to FIRST AMERICAN TITLE INSURANCE COMPANY as Trustee, in favor of NORTHRIM BANK as Beneficiary, dated June 13, 2019 and recorded on June 25, 2019 as Instrument No. 2019-002565-0 in Juneau Recording District, Alaska. The record owner of the property is purported to be KBROWN SD LIMITED, AN ALASKA CORPORATION. Said Deed of Trust covers real property situated in said Recording District, described as follows: As to a Leasehold Estate, Lot 4, Block 4, YAKUTAT AIRPORT in Township 28 South, Range 54 East, Copper River Meridian, Juneau Recording District, First Judicial District, State of Alaska. Commonly known as: 951 AIRPORT ACCESS ROAD, YAKUTAT, AK 99689 A breach of, and default in, the obligations for which said Deed of Trust is security has occurred in that the payment has not been made of: THE INSTALLMENT OF PRINCIPAL AND INTEREST WHICH BECAME DUE ON August 13, 2022 AND ALL SUBSEQUENT INSTALLMENTS OF PRINCIPAL AND INTEREST, ALONG WITH LATE CHARGES, PLUS FORECLOSURE COSTS AND LEGAL FEES. PLUS ALL OF THE TERMS AND CONDITIONS AS PER THE DEED OF TRUST, PROMISSORY NOTE AND RELATED LOAN DOCUMENTS. By reason thereof, and under the terms of the Note and Deed of Trust, the Beneficiary has declared all sums so secured to be immediately due and payable, together with any Trustee fees, attorney fees, costs and advances made to protect the security associated with this foreclosure. There is presently due and owing the principal balance of $275,332.70, plus accrued interest at the rate of 2.27000%, late charges, costs and any future advances. If the default has arisen by failure to make payments required by the trust deed, the default may be cured and foreclosure terminated if (1) at any time before the sale date stated herein or a date to which the sale is postponed, payment is made of the sum then in default, other than principal that would not be due if the default had not occurred, plus attorney and other foreclosure fees and costs actually incurred by the Beneficiary and Trustee due to the default, and (2) if the Trustee does not elect to refuse payment and proceed with the sale if the recording of a Notice of Default and a reinstatement have occurred two or more times previously under the trust deed described above. The Trustee has complied with the bond requirements set forth in AS34.20.125(a). NOTICE IS HEREBY GIVEN that pursuant to demand of the Beneficiary, the Trustee hereby elects to sell the above described real property to satisfy the obligation, together with all accrued interest and all costs and expenses, at public auction, for cash, or certified or cashier's check, to the highest and best bidder, near the 4th street entrance to the Juneau Courthouse, 123 Main Street (4th & Main), Juneau, AK on February 21, 2023 at 10:00 AM. Beneficiary will have the right to make an offset bid at sale without cash. Said sale will be made without covenant or warranty, express or implied, regarding title, possession, or encumbrances. If the Trustee is unable to convey title for any reason, the successful bidder’s sole and exclusive remedy shall be the return of monies paid to the Trustee and the successful bidder shall have no further recourse. Notice to Potential Bidders If you are considering bidding on this property lien, you should understand that there are risks involved in bidding at a Trustee auction. You will be bidding on a lien, not on the property itself. Placing the highest bid at a Trustee auction does not automatically entitle you to free and clear ownership of the property. You should also be aware that the lien being auctioned off may be a junior lien. If you are the highest bidder at the auction, you are or may be responsible for paying off all liens senior to the lien being auctioned off, before you can receive clear title to the property. You are encouraged to investigate the existence, priority, and size of outstanding liens that may exist on this property by contacting the county recorder's office or a title insurance company, either of which may charge you a fee for this information. If you consult either of these resources, you should be aware that the same Lender may hold more than one mortgage or Deed of Trust on the property. Dated: November 14, 2022 MTC Financial Inc. dba Trustee Corps, as Duly Appointed Successor Trustee Alan Burton, Authorized Signatory TS No. AK2000001-22-1 NOTICE OF DEFAULT TO No. 0239-4005970 Order Number 87274, Pub: Nov 29, Dec 6,13 & 20, 2022 967363

Bid Protests Not Available