• NorState Federal Credit Union vs. Orchids, LLC

NOTICE OF PUBLIC SALE
POWER OF SALE FORECLOSURE
MORTGAGEE'S SALE OF REAL ESTATE
Pursuant to 14 M.R.S. ยง 6203-A et seq.
NORSTATE FEDERAL CREDIT UNION vs. ORCHIDS, LLC

MORTGAGE DEED RECORDED IN THE
NORTHERN DISTRICT OF THE AROOSTOOK REGISTRY OF DEEDS IN
Book 1947, Page 266

Property Street Address: 121 Fraser Avenue, Madawaska, Maine

PUBLIC SALE
April 24, 2020 at 2:00 P.M.
Held at 121 Fraser Avenue, Madawaska, Maine 04756

NorState Federal Credit Union (the "Credit Union") is the present holder of a Commercial Note dated September 8, 2016 in the amount of $83,000.00 and a Commercial Note dated September 8, 2016 in the amount of $72,000.00. The Credit Union is the holder of a Mortgage Deed against certain real property and improvements owned by Orchids, LLC (the "Mortgagor") located at 121 Fraser Avenue, Madawaska, Maine 04756 (the "Real Property"), pursuant to Mortgage from the Mortgagor to the Credit Union dated September 8, 2016 and recorded in the Northern District of the Aroostook Registry of Deeds in Book 1947, Page 266, (the "Mortgage"). The amount due Credit Union as of March 13, 2020, secured by said mortgage is $150,111.49 which includes principal, interest, late charges, expenses and disbursements. By virtue of and in execution of the Power of Sale contained in said Mortgage, for breach of the conditions of said Mortgage, and for the purpose of foreclosing the same, default in the obligations having occurred and not been cured, there will be sold at Public Auction Sale on April 24, 2020 at 2:00 p.m. at 121 Fraser Avenue, Madawaska, Maine 04756 (the "Public Sale"), the Real Property described in said Mortgage, to wit: The following parcels of property, with all improvements located thereon:
Certain lots or parcels of land with the buildings and improvements thereon situated at 121 Fraser Avenue, in the Town of Madawaska, County of Aroostook and State of Maine, bounded and described as follows:
Those premises described and conveyed by Mortgage Deed dated September 8, 2016 from Orchids, LLC to NorState Federal Credit Union and recorded in the Northern District of the Aroostook Registry of Deeds in Book 1947, Page 266, to which above defined Mortgage reference is hereby made for a more particular description (hereinafter the "Real Property").
The aforesaid Real Property being set forth on Schedule "A" attached to said Mortgage recorded in said Registry in Book 1947, Page 266. This Notice incorporates by reference the exact legal description set forth in said Mortgage, as described therein.
The foregoing premises shall be conveyed subject to the following items:

1. Any and all municipal, state, or federal laws, regulations, and ordinances including, without limitation, permits and approvals heretofore issued by any federal, state, or municipal government authority (compliance with, application for the transfer of any such permits, or approvals shall be the sole responsibility of the purchaser).

2. Any and all encumbrances and easements of record and any governmentally imposed or required zoning, subdivision, environmental, and other land use restrictions.

3. Any condition which a physical examination or adequate survey of the premises might reveal.

4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by a law, and which may or may not be shown by the public records.

5. All outstanding municipal fees and charges, including water and sewer and municipal taxes, including those which constitute liens encumbering the mortgaged premises.

Parties-In-Interest Instrument Date Filed Book / Page

Town of Madawaska Mortgage, Lease Assignment 12/19/2016 Book 1960, Page 136
328 St. Thomas Street and Security Agreement
Madawaska, ME 04756

Town of Madawaska Sewer Lien 10/29/2018 Book 2037, Page 57
328 St. Thomas Street
Madawaska, ME 04756

Town of Madawaska Tax Lien 10/29/2018 Book 2037, Page 221
328 St. Thomas Street
Madawaska, ME 04756

Town of Madawaska Tax Lien 10/29/2018 Book 2037, Page 222
328 St. Thomas Street
Madawaska, ME 04756

Town of Madawaska Sewer Lien 10/17/2019 Book 2077, Page 129
328 St. Thomas Street
Madawaska, ME 04756

Town of Madawaska Tax Lien 10/17/2019 Book 2077, Page 321
328 St. Thomas Street
Madawaska, ME 04756

Town of Madawaska Tax Lien 10/17/2019 Book 2077, Page 322
328 St. Thomas Street
Madawaska, ME 04756

Scott E. Nash Personal Guaranty 09/08/2016
(a/k/a Scott E. Nash-Pelletier)
1625 SE 39th Terrace
Cape Coral, FL 33904

Alan D. Pelletier Personal Guaranty 09/08/2016
(a/k/a Alan D. Nash-Pelletier)
1625 SE 39th Terrace
Cape Coral, FL 33904

Keith M. Brown Personal Guaranty 09/08/2016
316 Sinclair Road
Sinclair, ME 04779

TERMS OF SALE:
THE PROPERTY HEREINABOVE 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.

The Real Property (the "PREMISES") shall be sold by public auction in accordance with any terms to be announced at the time of sale. The property will be sold subject to all outstanding municipal assessments, whether or not of record in the Northern District of the Aroostook Registry of Deeds, as well as all real estate taxes and transfer taxes assessed by the State of Maine. The sale is also subject to such encumbrances as may be identified in the above legal description, or such as may be a matter of record in the Northern District of the Aroostook Registry of Deeds and superior as a matter of law to the interests of Credit Union, or as may be discovered from an examination of the premises. All bids will be accepted beginning at 2:00 p.m. on April 24, 2020. All bidders will be required to deposit $10,000.00 in cash or certified U.S. funds made payable to Currier & Trask, P.A. in order to register to bid (the "Deposit"). The Property will be sold to the highest bidder, who must leave the Deposit as a non-refundable down payment. The highest bidder will also be required to sign a Purchase and Sale Agreement calling for closing within 30 days from date of auction, at which time the balance of the bid price will be due in immediately available U.S. funds, and the Credit Union will deliver a duly executed Quitclaim Deed Without Covenant conveying whatever right, title and interest the Credit Union has in the Real Property. The Credit Union and its nominees and assigns, reserve the right to bid without making the required deposit and, if the Credit Union or its nominee or assigns is the highest bidder, to pay for the property with a credit against the debt owed.
Other terms may be announced at the Public Sale and may be included in a bidder's prospectus.
For further information regarding the Property, the Public Sale, bidding details and additional terms, contact:
Dennis Voter
NorState Federal Credit Union
78 Fox Street
Madawaska, ME 04756
Tel: (207) 728-7555
Email: dvoter@norstatefcu.org

Dated: March 18, 2020
NORSTATE FEDERAL CREDIT UNION

BY: /s/ Richard L. Currier
Richard L. Currier, Esq., Bar Reg. #2245
Its Attorney duly authorized
Currier, Trask & Dunleavy
55 North Street
Presque Isle, ME 04769
Tel: (207) 764-4193

STATE OF MAINE
AROOSTOOK, ss March 18, 2020

Before me, personally appeared the above-named Richard L. Currier, attorney for NorState Federal Credit Union, and acknowledged the foregoing to be his free act and deed and the free act and deed of said NorState Federal Credit Union.

Before me,
/s/ Elizabeth A. Beaulieu
Elizabeth A. Beaulieu
Notary Public
My Commission Expires: 9/19/23
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