NOTICE OF INTENT TO FORECLOSE MORTGAGES AND OF SALE BY PUBLIC AUCTION. Notice is hereby given pursuant to Section 667-5, H.R.S., that HILTON RESORTS CORPORATION, as Mortgagee and as the attorney-in-fact for the Mortgagor, intends to foreclose upon the mortgages hereinafter described, by sale of the property secured thereby, at public auction at 777 Punchbowl Street, Honolulu, Hawaii 96813, at 12:00 Noon, on Wednesday, August 8, 2007. Each of the properties to be sold is a fee simple ownership interest in the KT CONDOMINIUM (the Project), together with the exclusive right to reserve an Occupancy Period and use and occupy a Suite of Suite Configuration, and Membership in the HGVClub Program, said Project being located at 2005 Kalia Road, Honolulu, Hawaii 96815.
Date of Undivided Interval Control
Mortgagor Mortgage Instrument No. Interest (%) Loan Number Number
MARC JAMES MORGAN 01/11/06 3393718 .168432% 58-5731 58-15-1550-40
HITOSHI OKADA & RUMI OKADA 08/20/04 3187553 .1684320% 58-2277 58-12-1257-15
HIROYUKI MAINO & YOSHIMI MAINO 02/28/06 3418524 .084216% 55-5827 58-12-1257-37-E
Each secured property shall be sold separately, in an AS IS condition, without covenant or warranty, express or implied, with no upset price, to the highest bidder with not less than TEN PERCENT (10%) of the highest bid price payable as a non-refundable deposit in cash (U.S.) or certified/cashiers check at the close of the auction, except for the Mortgagee which is allowed to offset the price with the amount of its secured indebtedness. Purchaser shall pay all costs of conveyances, including title insurance and escrow fees, conveyance tax, document drafting and preparation, securing possession, notary and recording fees. All costs of conveyances shall be paid within ten (10) days after the public sale. Failure to comply with any of the terms of sale or to complete the purchase within twenty (20) days after the public sale will result in a forfeiture of the deposit. Sales are subject to postponement and/or cancellation for any reason, before or after commencement of bidding, at Hilton Resorts Corporations discretion. THIS NOTICE IS FROM A DEBT COLLECTOR, AND IS AN ATTEMPT TO COLLECT A DEBT AND THAT ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. For further particulars, contact ANTHONY W.O. CHING at the Law Offices Of Robert H. Nakata, 765 Amana Street, Suite 303, Honolulu, Hawaii 96814. Phone: (808) 945-9000 DATED: Honolulu, Hawaii, July 9, 2007. THIS NOTICE IS PUBLISHED AND POSTED PURSUANT TO SECTION 667-5 OF THE HAWAII REVISED STATUTES, AMENDED, WHICH LAWFULLY AUTHORIZES NON-JUDICIAL FORECLOSURES OF MORTGAGES. NPP0122271 PUB: 07/09/07, 07/16/07, 07/23/07 (SB05530593 7/9, 7/16, 7/23/07)
