NOTICE OF MORTGAGEE'S SALE OF REAL ESTATE LOCATED AT:
17 PARSONS STREET, PRESQUE ISLE, AROOSTOOK COUNTY, MAINE
AND DESCRIBED IN MORTGAGE RECORDED IN THE
AROOSTOOK (SOUTH) COUNTY REGISTRY OF DEEDS AT BOOK 6171, PAGE 173
By virtue of and in execution of the Power of Sale contained in a certain Mortgage Deed given by MG Property Holdings LLC, a Maine limited liability company (Mortgagor) to Machias Savings Bank (Mortgagee) dated May 24, 2021, and recorded in the Aroostook (South) County Registry of Deeds at Book 6171, Page 173, 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 11 o'clock, A.M. on the 13th day of June 2024 on site of the mortgaged real estate at 17 Parsons Street, Presque Isle, Aroostook County, Maine, all and singular the premises described in said Mortgages, to wit:
A certain lot or parcel of land, together with the buildings thereon, situated in Presque Isle, County of Aroostook, and State of Maine, bounded and described as follows:
Commencing at the southwest corner of lot numbered one hundred one (101) in the part of said Presque Isle known as Gould's Addition according to the survey and plan of said Addition made by C.E.F, Stetson for Arthur R. Gould in May 1890; thence running south at right angles, twenty (20) feet; thence east parallel with the south line of said lot, one hundred sixty-one (161) feet, more or less, to the west line of the continuation of Parsons Street; thence northerly along said west line, twenty (20) feet, more or less, to the southeast corner of said lot; thence west on the south line of said lot to the place of beginning. Said parcel being the same premises as were conveyed by Athill E. Irving to William Proctor by his deed dated August 31, 1906, and recorded in the Aroostook Registry of Deeds at Houlton in Volume 233, Page 242, to which deed and the record thereof reference is hereby made for a more particular description.
Also, village Lot numbered seven (7) according to the survey and plan of a "Subdivision of Tract in Presque Isle Village" made by P.L. Hardison, Surveyor, for Athill E. Irving in June 1907, reference thereto being had. Said above-described parcel being the same premises as were conveyed by Athill E. Irving to William Proctor by his deed of warranty dated June 29, 1907, and recorded in said Registry of Deed in volume 230, Page 133, to which deed and the record thereof reference is hereby made for a more particular description of said premises.
The premises are conveyed together with and subject to any and all easements or appurtenances of record, insofar as the same are in force and applicable.
Meaning and intending to describe the real estate conveyed by deed of Haynes Building Management, LLC to MG Property Holdings, LLC, dated May 21, 2021 and recorded in the Aroostook (South) County Registry of Deeds at Book 6171, Page 171.
Street Address: 17 Parsons Street, Presque Isle, Aroostook County, Maine
TERMS OF SALE:
THE PROPERTY HEREIN ABOVE DESCRIBED IS BEING SOLD ON AN "AS IS" "WHERE IS" BASIS, WITHOUT ANY WARRANTY WHATSOEVER AS TO THE CONDITION, FITNESS, SIZE, HABITABILITY, MERCHANTABILITY, OR LOCATION OF THE PROPERTY OR THE STATE OF TITLE TO THE PROPERTY.
In order to qualify to bid at the public sale, the bidder must provide a deposit of Ten Thousand Dollars and 00/100 Cents ($10,000.00). The high bidder at the public sale must increase the deposit to equal 10% of the total purchase price within 5 business days of the public sale. The deposit must be bank check or certified U.S. funds payable to Machias Savings Bank. At the close of the public sale, the high bidder must sign a purchase and sale agreement with Machias Savings Bank, which agreement shall provide in part that (1) the purchaser will be responsible for all real estate transfer taxes, real estate taxes and other municipal charges attributable to the respective property unpaid and in arrears and for all subsequent tax years; (2) there shall be no contingencies for the purchaser's obligation to close; and (3) a closing of the sale shall be held within forty-five (45) days of the public sale where, upon presentation by Machias Savings Bank of the duly executed Release Deed, the remaining balance of the purchase price will be due in bank check or certified U.S. funds. Machias Savings Bank expressly reserves the right to bid without making the required deposit, to modify the terms of the sale set forth above, to add additional terms as it so wishes, and to authorize the mortgagor to sell the property prior to the public sale date. Other terms and conditions of sale, including any modification or additions to the terms set forth above, will be announced at the time of the sale.
For further information, please contact the auctioneer, Emily Tilton, at Central Maine Auction Center; 207-848-7027; cmauctioncenter.com.
Counsel for Mortgagee: Anthony J. Manhart, Esq., Perkins Thompson, P.A., (207) 400 8131 or tmanhart@perkinsthompson.com
OTHER TERMS TO BE ANNOUNCED AT THE SALE.
May 9, 2024
Machias Savings Bank