NOTICE OF KLRF’S NON-JUDICIAL FORECLOSURE UNDER POWER OF SALE
Foreclosing Party: Kunia Loa Ridge Farmlands ("KLRF"), as Lienholder, under and pursuant to KLRF’s Declaration and By-Laws, and Sections 667-21 through 667-42, and 667-91 through 667-104 HRS, as amended.
Foreclosing Lien Information: That Certain Notice of Lien for Unpaid Assessments and/or Fees, recorded on February 15, 2017 with the Bureau of Conveyances for the State of Hawaii as Document No. A-62551067.
Delinquency: Unpaid balance as of February 9, 2018: $39,068.99. Opening Bid: $1.00
Property Description: Address: 94-1100 Kunia Road, Lot #1, Waipahu, Hawaii 96797; Current Owner: Noemi Balmonte Ramos, unmarried, as Tenant in Severalty, as Lessee; Description of Lot: (Approximately 11.767 acres of agricultural land more correctly described in Exhibit "A" to the Notice of Lien recorded in the Bureau of Conveyances as Document No. A-62551067); T.M.K.: (1) 9-2-004-013, C.P.R. No. 0001, Lot No. 1; Maintenance Fees (2018): $875.52 per month; Taxes: 2017 Real Property Tax: $4,091.46.
List of Prior/Junior Creditors: N/A
THERE WILL BE NO OPEN HOUSES.
PUBLIC AUCTION: Wednesday, April 25, 2018, at 12:00 noon; 415 S. Beretania St., Honolulu, HI 96813, rotunda area on the steps leading down to the Queen Liliuokalani Statue.
Terms and Conditions: NO upset price. Property is being sold strictly "AS IS" and "WHERE IS" condition, unfurnished, without personal property, at public auction with 10% of the highest bid payable in cash, certified or cashier’s check at close of auction, balance payable upon delivery of title. Potential bidders must be able to provide proof of ability to comply with 10% bid requirement prior to participating in the public auction. Buyer shall pay all costs of closing including escrow, conveyance and recording fee, and conveyance taxes, and is responsible for securing possession of the property upon recordation.
The sale by auction is "subject to" any liens for taxes and governmental assessments against the Property, if any, and any lender’s mortgage recorded prior to the recordation of KLRF’s lien, to the extent the mortgage is valid and then only to the extent of sums due thereunder. The property is sold without any warranty of title or any other warranty of title, or any other warranty. Said property HAS ENCUMBRANCES. Property is to be conveyed by KLRF’s quitclaim conveyance and upon performance by Purchaser, no later than 21 days after payment of all costs related to the sale. Purchaser is responsible for all title insurance; however, availability of title or other insurance shall not be a condition of closing. PURCHASER SHALL BE RESPONSIBLE FOR OBTAINING POSSESSION AFTER CLOSING. Any delay in performance by the Purchaser which prevents the closing from occurring within 45 days after the auction shall cause KLRF to sustain damages in amounts which will be difficult to ascertain. In the event that the sale does not close because of any delay in performance by Purchaser as herein stated, the 10% down payment may be retained by KLRF as liquidated damages and not as a penalty. KLRF’s sole liability shall be the return of the bid funds tendered by Purchaser. Purchaser shall have no further recourse against KLRF, or its officers, members, directors, agents, attorneys, servicers and auctioneers. Finally, the sale may be postponed from time to time by public announcement made by KLRF or someone acting on its behalf.
"THE DEFAULT MAY BE CURED AT ANY TIME PRIOR TO RECORDATION OF THE PROPRIETARY LOT LEASE OF MEMBER’S LOT IN FAVOR OR PURCHASER OF MEMBER’S MEMBERSHIP INTERESTS UPON FORECLOSURE OF KLRF’S LIEN BY PAYING THE ENTIRE AMOUNT THAT WOULD BE OWED TO KLRF UP TO THE DATE OF PAYMENT, PLUS THE KLRF’S ATTORNEY’S FEES AND COSTS, AND ALL OTHER FEES AND COSTS INCURRED BY KLRF RELATED TO THE DEFAULT AND BY PERFORMING ANY OTHER OBLIGATIONS OF MEMBER UNDER THE TERMS OF KLRF’S BY-LAWS OR THE MEMBER’S PROPRIETARY LOT LEASE, UNLESS OTHERWISE AGREED TO BETWEEN KLRF AND THE UNIT OWNER. THERE MAY BE A RIGHT OF REDEMPTION PURSUANT TO HAWAII REVISED STATUTES SECTION 667-92(f)(2). IF THE DEFAULT IS SO CURED, THE PUBLIC SALE SHALL BE CANCELLED. THERE IS A ONE YEAR RIGHT OF REDEMPTION SUBJECT TO ANY APPLICABLE TOLLING PROVIDED FOR IN 50 U.S.C. 526(b). IF THE DEFAULT IS SO CURED, THE PUBLIC SALE SHALL BE CANCELLED."
Public sale shall be conducted by Christopher Shea Goodwin AAL LLLC, attorneys for KLRF, 737 Bishop Street, Suite 1640, Honolulu, HI 96813. Tel: 808-531-6465.