By virtue of and in execution of the Power of Sale contained in a Mortgage dated July 27, 2017, given by Hermon Family Restaurant, LLC to Maine Savings Federal Credit Union, and recorded in the Penobscot County Registry of Deeds in Book 14561, Page 265 (hereinafter the "Mortgage"), of which Mortgage the undersigned is the present holder, for breach of the conditions of said Mortgage and for the purpose of foreclosing the same there will be sold at Public Sale at 12:00pm on Tuesday, December 5, 2017 at 151 Billings Road, Hermon, Maine 04401, all and singular the premises described in said Mortgage,
To wit: The real property described in Exhibit A to the Mortgage recorded in Book 14561, Page 265 of the Penobscot County Registry of Deeds.
Street Address: 151 Billings Road, Hermon, Maine 04401.
[font=font36821][u]Terms of Sale:[/u][/font] The real property, above-described, will be sold "AS IS, WHERE IS" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, as to the condition of the property or the status of title. Norman, Hanson & DeTroy, LLC will conduct the auction and will accept bids on the property. Maine Savings Federal Credit Union (hereinafter "Maine Savings") will sell the property to the party who has the highest bid. A deposit, in cash or certified funds, is required in order to bid. The deposit is Five Thousand Dollars ($5,000.00). Certified checks must be made payable to Norman, Hanson & DeTroy, LLC. The deposits of the successful bidder will be retained by Maine Savings as a non-refundable, non-interest bearing down payment to be applied to the purchase price. Maine Savings reserves the right to submit a credit bid. The bidder to whom the property is sold must sign a purchase and sale agreement with Maine Savings calling for a closing on or before December 29, 2017, at which time the balance will be due in cash or by certified or cashier's check (or equivalent) payable to Maine Savings, which will then deliver a duly executed Quitclaim Deed Without Covenant for the real property. In the event that the highest bidder fails to close pursuant to the purchase and sale agreement, the deposit will be retained by Maine Savings and the premises may be sold to the next highest bidder.
Maine Savings reserves the right to modify or add to the terms of sale. Other terms and conditions of sale, including additions to or modifications of the terms set forth above, will be announced at the sale.
Further information regarding the property may be obtained by contacting Mark V. Balfantz, Esq. of Norman, Hanson & DeTroy, LLC at 1-207-774-7000.
Dated: November 1, 2017 MAINE SAVINGS FEDERAL CREDIT UNION
[u]/s/ Mark V. Balfantz[/u]
By: Mark V. Balfantz
Its: Authorized Attorney
Nov. 4, 11, 18, 2017
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