NOTICE OF RESCHEDULED MORTGAGEE\u2019S FORECLOSURE
UNDER POWER OF SALE
(SPADARO N/J RE EGGERTSEN, SUSAN -1555 Pohaku)
John Nelson Spadaro, whose address is 4734 Aukai Avenue, Honolulu, HI 96816, as Mortgagee under and pursuant to Sections 667-5 through 667-10, Hawaii Revised Statutes, as amended, and first mortgage dated May 11, 2006, recorded in the Bureau of Conveyances as Document No. 2006-092238, gives notice that: Mortgagee will hold a sale by public auction on Friday, July 27, 2007, at 12:00 noon at First Circuit Court Building, 777 Punchbowl Street, Honolulu, Hawaii (at Ewa-end of the plaza area fronting building), of leasehold property located at 1555 Pohaku Street, #B108, 1555 Pohaku, Honolulu, HI 96817 (TMK No. (1) 1-6-6-36, CPR No.74). Terms of sale are: (1) No upset price; (2) property sold strictly in \u201Das is\u201D condition; (3) property sold without covenant or warranty, express or implied, as to title, possession or encumbrances; (4) at close of auction, Purchaser must pay 10% of highest successful bidded price in cash, or by cashier\u2019s or certified check, and prior to bidding, must show proof of ability to make such payment; provided Mortgagee may submit a credit bid up to the amount of the secured indebtedness; the remaining 90% of highest bid price is payable in cash, or by cashiers or certified check, within 21 days of the auction date; (5) property is to be conveyed by Mortgagee by mortgagee\u2019s quitclaim conveyance, provided by Mortgagee within 30 days after sale, and upon payment by Purchaser of the full purchase price and all costs related to sale, including, but not limited to: costs of drafting conveyance document, notary fees, consent fees, escrow fees, conveyance tax, recordation fees and prorated charges, together with any special assessments under Hawaii Revised Statutes 514B-146; (6) availability of title or other insurance shall not be a condition of closing, and Purchaser shall be responsible for obtaining title insurance, if desired; (7) obligation for current and any delinquent lease rent and real property taxes will not be prorated as of closing, and will be the sole obligation of the Purchaser; (8) Purchaser shall not take occupancy prior to closing, and responsibility of securing possession as of closing is with Purchaser; 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 Walter Beh, II, attorney for Mortgagee, 737 Bishop Street, Suite 2400, Honolulu, Hawaii 96813.
(SB05530704 7/12/07)
