NOTICE OF MORTGAGEES NON-JUDICIAL FORECLOSURE
UNDER POWER OF SALE
Pursuant to Hawaii Revised Statutes Sections 667-5 through 667-10, as amended, and first mortgage dated August 22, 2001, recorded in the Bureau of Conveyances, State of Hawaii as Document No. 2001-139131, notice is given that Deutsche Bank National Trust Company (f/k/a Bankers Trust Company of California, N.A.), as trustee on behalf of the owners of Mortgage Pass-Through Certificates Series 2002-AM1, as Mortgagee, whose address is c/o Select Portfolio Servicing, Inc., P.O. Box 551170, Jacksonville, FL 32255-1170, intends to foreclose its said mortgage and will hold a sale by public auction of Fee Simple property located at 44-508 Hoomau Street, Honokaa, HI 96727, TMK: (3) 4-4-017-037, on August 21, 2007, at 12:00 noon, at the front entrance of the First Circuit Court located at 777 Punchbowl Street, Honolulu, Hawaii 96813. Terms of the sale are: (1) No upset price; (2) property sold strictly in AS IS condition; (3) property sold without covenant or warranty, express or implied, as to title, possession or encumbrances; (4) Purchaser must pay 10% of the highest successful bid in cash, certified or cashier=s check at close of auction and prior to bidding must show proof of ability to make such payment, except for Mortgagee which may submit a credit bid up to the amount of its secured indebtedness; (5) property is to be conveyed by Mortgagees quitclaim conveyance, which Mortgagee shall provide within 35 days after the Affidavit of Sale is recorded, and upon payment by Purchaser of all costs related to sale, including, but not limited to: costs of drafting conveyance document, notary fees, consent fees, escrow fees, conveyance taxes, and recording fees,
together with any special assessments which may arise under Hawaii Revised Statutes 514A-90 et.seq.; (6) Purchaser shall be responsible for obtaining title insurance, if desired, however availability of title or other insurance shall not be a condition of closing; (7) obligation for taxes and similar charges shall be prorated as of closing; (8) Purchaser may not take occupancy prior to closing; further, Purchaser is responsible for securing possession as of closing; and (9) sale may be postponed from time to time by public announcement made by Mortgagee or someone acting on its behalf.
NOTICE IS HEREBY GIVEN THAT THIS ACTION IS AN ATTEMPT TO COLLECT A DEBT, THAT ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE, AND THAT THE DEBT MAY BE DISPUTED.
Inquiries should be directed to KARYN A. DOI, ESQ., LEU & OKUDA, Attys-at-Law, as attorney for Mortgagee, at The Merchant House, 222 Merchant Street, Main Floor, Honolulu, Hawaii 96813.
(SB01535465 7/14, 7/21, 7/28/07)
