By virtue of and in execution of a Judgment of Foreclosure and Order of Sale dated April 6, 2017, entered in the Bangor District Court, Civil Action Docket No. BANDC-RE-2016-192, in an action brought by Coastal Enterprises, Inc. ("CEI") against William A. Masters and Alyce T. Masters, Defendants, for the foreclosure of a Mortgage dated June 10, 2011 and recorded in the Penobscot County Registry of Deeds at Book 12502, Page 125, the statutory ninety (90) day redemption period having elapsed without redemption, notice is hereby given that there will be sold at public sale on [u]Monday[/u], [u]October 2, 2017[/u] at [u]10:00 a.m.[/u] at the Law Offices of Thompson, MacColl & Bass, LLC, P.A., 15 Monument Square, 4th Floor, Portland, Maine, the real property as identified above (the "Property"). Reference should be had to said mortgage deed for a more complete legal description of the property to be conveyed.
[font=font36821][u]TERMS OF SALE:[/font][/u] A bidder who wishes to bid on the Property must submit as a qualification to bid at the auction a deposit of Five Thousand Dollars ($5,000.00), in cash or certified U.S. funds to be increased to ten percent (10%) of the high bid within five (5) days following the execution of a Purchase and Sale Agreement. The remaining balance of the purchase price for the Property shall be due and payable by either U.S. certified or U.S. cashier's check at closing. Checks should be made payable to "Coastal Enterprises, Inc." In the event that the highest bidder fails to close pursuant to the Purchase and Sale Agreement, said Property will be sold to the next highest bidder willing to purchase the Property or re-advertised for sale at CEI's discretion.
The bidder to whom the Property is sold must sign a Purchase and Sale Agreement with Lender, requiring a closing within forty-five (45) days of the date of public sale.
CEI as Seller (or its designee) reserves the right to bid at the sale and to purchase the Property. In the event CEI (or its designee) is the highest bidder, no down payment or contract will be required. The Property will be sold by Mortgagee's Release Deed Without Covenant [font=font36821]"AS IS, WHERE IS"[/font] to the highest bidder. CEI (or its designee) reserves the right to submit a junior bid at the conclusion of the action, without deposit. In the event that the highest bidder fails to close pursuant to purchase and sale agreement, the premises will be sold to the next highest bidder willing to purchase the property or re-advertised for sale at the discretion of CEI.
The sale will be made without warranties and subject to: (a) prior liens, restrictions, senior encumbrances, tenancies, utility easements, rights of way of record and/or visible on the face of the earth, encumbrances which maintain validity at the date of conveyance and any condition a title search would reveal; (b) any unpaid taxes or assessments; and (c) any facts which an accurate survey or inspection of the premises might show. All bidders are invited to inspect the property and the public records prior to making a bid. No warranties, guaranties or representation of any kind are made, and all warranties are disclaimed with respect to any improvements, above or below ground, the location of boundaries of the premises or improvements thereon, title to any of the premises, environmental compliance, or compliance of the premises with any applicable zoning or land use regulations, laws or ordinances.
MORTGAGEE SPECIFICALLY AND WITHOUT LIMITATION MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OF ANY BOUNDARY DESCRIPTION OR LOT SIZE OR LOCATION OF IMPROVEMENTS OR ANY OTHER MATTERS SET FORTH IN THE DESCRIPTION OF THE REAL ESTATE, OR THE STATUS OF TITLE TO THE REAL PROPERTY, OR FITNESS FOR A PARTICULAR PURPOSE, OR AS TO MERCHANTABILITY, HABITABILITY, THE CONDITION OF THE PROPERTY OR ANY OTHER MATTER, INCLUDING USE, ZONING, BUILDING CODE AND ENVIRONMENTAL ISSUES.
CEI reserves the right to modify or add to the terms of sale, in its sole discretion. The terms and conditions of sale, including additions to or modifications of the terms set forth above, will be announced at the sale.
Attorney for Coastal Enterprises, Inc.: Marshall J. Tinkle, Esq., Thompson, MacColl & Bass, LLC, P.A., PO Box 447, Portland ME 04112, Telephone (207) 774-7600.
Further information regarding this foreclosure sale may be obtained by contacting Thomas P. Burnham, Coastal Enterprises, Inc., 30 Federal Street, Ste. 100, Brunswick ME 04011, Telephone (207) 504-5900.
Published on: August 28, September 4, 11, 2017.
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