NOTICE OF PUBLIC FORECLOSURE SALE
PURSUANT TO 14 M.R.S.A. SECTION 6321 ET SEQ.
RESIDENTIAL PROPERTY LOCATED AT
20 January Lane, Milford, Maine
(Mortgage recorded in the Penobscot County Registry of Deeds in Book 12697, Page 226)
By virtue of and in execution of a Judgment of Foreclosure and Sale dated May 22, 2018 and entered on the docket in the Penobscot County Superior Court, on May 23, 2018, in an action captioned Penobscot County Federal Credit Union v. Clement F. Shina, Jr., a/k/a Clement F. Shina, Docket No. RE-18-3, for the foreclosure of a Mortgage dated December 27, 2011 and recorded in the Penobscot County Registry of Deeds in Book 12697, Page 226 (the "Mortgage"), said judgment having been entered and the statutory ninety (90) day redemption period having elapsed without redemption, notice is hereby given that there will be sold at a public sale the premises described in the Mortgage located at 20 January Lane, Milford, Maine (the "Property").
TERMS OF SALE: The Property will be sold at auction beginning at 9:00 a.m. on September 28, 2018 at Eaton Peabody, 80 Exchange Street, 8th Floor, Bangor, Maine. All bidders will be required to deposit $5,000.00 to bid, in cash or certified U.S. funds made payable to Penobscot County Federal Credit Union ("PCFCU") in order to register to bid (the "Deposit"). The Deposit shall be increased to ten percent (10%) of the successful bid within five calendar days after the conclusion of the auction, but such increased amount shall not be less than $5,000.00. The Property shall be sold to the highest bidder, who must leave the Deposit as a non-refundable down payment. The highest bidder shall also be required to sign a Purchase and Sale Agreement calling for a closing within 30 days, at which time the balance of the bid price will be due immediately in available U.S. funds, and PCFCU, the foreclosing mortgagee, will deliver a duly executed Release Deed and Release Bill of Sale, if applicable, conveying the property. The Property shall be conveyed subject to all matters set forth in the Purchase and Sale Agreement and the additional terms of sale which will be available prior to the auction. Additional terms may also be announced at the time of the auction. PCFCU, the foreclosing mortgagee, and its assigns, reserve the right to bid without making the required deposit and, if PCFCU, or its assigns, is the high bidder, to pay for the Property with a credit against the debt owed to it.
For more information on the above-described Property containing the legal description, legal and bidding details, as well as possible site visits, contact Dana Sibley, Penobscot County Federal Credit Union, 205 Main Street, Old Town, Maine 04468 (207-827-3165) or the undersigned.
Dated: August 22, 2018
PENOBSCOT COUNTY FEDERAL CREDIT UNION
By: s/ Bruce B. Hochman
Bruce B. Hochman, Esq.
Its Attorney
Eaton Peabody
P.O. Box 15235
Portland, ME 04112
(207) 274-5266
Aug. 27, Sept. 3, 10, 2018
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