602 N Orchard St Boise, ID
NOTICE OF TRUSTEE’S SALE
NOTICE IS HEREBY GIVEN that on June 3, 2021, at the hour of ten o’clock a.m. of said day, at the offices of the Trustee, Alliance Title & Escrow, LLC, 9465 W. Emerald St., Suite 160, Boise, Ada County, Idaho, said Trustee will sell at public auction to the highest bidder, for cash in lawful money of the United States of America, all payable at the time of sale, the following described real property situated in the County of Ada, State of Idaho, and described as follows, towit:
Lots 8, 9, 10, 11, 12, and 13 of Skipper Subdivision, according to the plat thereof, filed in Book 12 of Plats at Page 706, records of Ada County, Idaho.
That certain strip of property shown but undesignated in Skipper Subdivision filed in Book 12 of Plats at Page 706, records of Ada County, Idaho, which strip of property is located between the Easterly boundary of Lot 13 of said Skipper Subdivision and the Westerly boundary of Lots 14 and 15 of said Skipper Subdivision and extends from the North right-of-way of Denton Street to the Easterly boundary of Lot 9 of said Skipper Subdivision.
Lot 14 of Skipper Subdivision according to the plat thereof filed in Book 12 of Plats at Page 706, records of Ada County, Idaho.
Less and excepting that portion deeded to Ada County Highway District in Warranty Deed recorded July 25, 2002, as Instrument No. 102083475, Ada County records.
Lot 15 of Skipper Subdivision, according to the plat thereof, filed in Book 12 of Plats at Page 706, records of Ada County, Idaho, lying in the Southeast Quarter of Section 8, Township 3 North, Range 2 East, Boise Meridian, City of Boise, Ada County, Idaho.
Except that portion thereof described as follows:
Commencing at the Southeast corner of Lot 15, Skipper Subdivision, the real point of beginning;
Thence North 89°40'00" West 96.23 feet to the Southwesterly corner of said Lot 15;
Thence North 33°47'00" West 7.19 feet along the West line of Lot 15 to a point;
Thence North 00°02'00" East 54.05 feet parallel with the East line of Lot 15 to a point on the North line of Lot 15;
Thence South 89°40'00" East 100.23 feet to the Northeast corner of Lot 15;
Thence South 00°02'00" West 60.00 feet along the East line of Lot 15 to the real point of beginning.
The Trustee has no knowledge of a more particular description of the above described real property, but for purposes of compliance with Idaho Code Section 60113, the Trustee has been informed that the street addresses of 602 N. ORCHARD STREET, BOISE, IDAHO, and 609 N. STANLEY STREET, BOISE, IDAHO, may sometimes be associated with said real property.
Said sale will be made, without covenant or warranty regarding title, possession or encumbrances, to satisfy the obligation secured by and pursuant to the power of sale conferred in the Deed of Trust made and entered into on July 12, 2018, by and among ORCHARD RETAIL SHOPPING CENTER, INC., an Idaho Corporation, as Grantor, and ALLIANCE TITLE & ESCROW, as Trustee, and HOPKINS WESTERN FUND, LLC, an Idaho Limited Liability Company “as trustee for the benefit on a parity for all Series “W” Debenture Holders,” as to an undivided 50.0% interest, and HOPKINS US FUND, LLC, an Idaho Limited Liability Company “as trustee for the benefit on a parity for all Series “US” Debenture Holders,” as to an undivided 50.0% interest, as Beneficiary; said Deed of Trust having been filed of record on July 12, 2018, as Instrument No. 2018-065031, Official Records of Ada County, Idaho. The naming of the above Grantor(s) is done to comply with Idaho Code Section 45-1506(4)(a); no representation is made as to the responsibility of Grantor(s) for this obligation.
The default for which the sale is to be made is that the current Beneficiary has declared that the Grantor is in breach of the terms and conditions of the obligation secured by the deed of trust, which terms are set forth in a Promissory Note dated July 12, 2018. The nature of the breach is Grantor’s failure to pay, when due, monthly payments of principal, interest, and, if applicable, escrow requirements of $7,957.71 for each of the months of November 2020 through December 2020, together with all subsequent payments, costs, advances, attorney’s fees and costs, and trustee’s fees and costs accruing until the date of sale, full satisfaction, or reinstatement of the obligation.
The balance owing as of the date hereof on the obligation secured by said Deed of Trust is the amount of $612,430.96 in principal; plus accrued interest at the rate of eight and three-quarters percent (8.75%) per annum from November 9, 2020; plus default interest pursuant to the Note at the rate of five percent (5%) per annum from December 27, 2020, until the default is cured; plus service charges, late charges, and any other costs or expenses associated with this foreclosure as provided by the Deed of Trust or Deed of Trust Note, or by Idaho law.
Dated this 2 day of February, 2021.
MARK D. PERISON, P.A. _____________________________
By: Mark D. Perison – of the Firm
Attorneys for Trustee
P.O. Box 6575
Boise, ID 83707-6575
PUBLISHED: March 26, & April 2, 9, & 16, 2021.
11980895 IBR 03/26/2021