Statutory power of sale – notice of mortgagee's secured party sale of real estate, fixtures, and tangible and intangible personal property of Boothbay Country Club, LLC

Properties located at: 21 Country Club Road and 33 Country Club Road, in the Town of Boothbay and in the Town of Boothbay Harbor, Lincoln County, Maine, Boothbay Tax Map U18, Lot 17A and Tax Map R07, Lot 2B, Boothbay Harbor Tax Map 30, Lot 33.

By virtue of and in execution of the Power of Sale contained in a Mortgage and Security Agreement with Power of Sale given by Boothbay Country Club, LLC (the “Borrower”) to The Bank of Maine, successor of Savings Bank of Maine dated October 30, 2008 and recorded in the Lincoln County Registry of Deeds in Book 4067, Page 66 (the “Mortgage”),  for breach of the conditions of the Mortgage and for the purpose of foreclosing on the Mortgage, notice is hereby given that there will be sold at public sale, “AS IS WHERE IS”, at 10:00 a.m. on January 28, 2013, at the Law Offices of Bernstein Shur, 100 Middle Street, Portland, Maine, as more particularly described in the Mortgage, all and singular, together with the additional property set forth in the Mortgage, as follows:

All of The Bank of Maine, as successor in interest to Savings Bank of Maine, (the “Bank”) right, title and interest, in and to the property described in the Mortgage recorded in the Lincoln County Registry of Deeds in Book 4067, Page 66 (the “Property”).

Further information regarding the properties and the foreclosure sale can be obtained by contacting Wendy J. Paradis, Esq., Bernstein Shur Sawyer & Nelson, 100 Middle Street, P.O. Box 9729, Portland, Maine 04101, Tel. 207-774-1200, Fax. 207-774-1127; wparadis@bernsteinshur. com.

TERMS OF SALE: All bids will be accepted beginning at 10:00 a.m. on the 28th day of January, 2013. All bidders will be required to deposit $50,000 in cash or certified U.S. funds, made payable to The Bank of Maine in order to register to bid (NON-refundable as to the highest bidder – the “Deposit”). The highest bidder will also be required to sign a purchase and sale agreement calling for a closing within twenty-five (25) days of the public sale at which time the balance of the bid price will be due in immediately available U.S. funds, and Bank, as foreclosing mortgagee, will deliver a duly executed Quitclaim Deed Without Covenant (Release Deed) and Release Bill of Sale, conveying whatever right, title and interest Bank has in the real and personal property.  Additional terms of sale are available from the bank’s attorney and you may obtain a copy of the purchase and sale agreement and proposed deed prior to the auction.  Bank, as foreclosing mortgagee, and its nominees and assigns, reserves the right to bid without making the required Deposit and, if Bank, or its nominee or assignee, is the high bidder, Bank may pay for the property with a credit against the debt owed.  Additional terms may be announced at the sale.

For more information on the above-described properties, including the legal description, legal and bidding details, as well as additional terms, contact the bank’s attorney at the address and number indicated above.