NOTICE OF FORECLOSURE SALE KONA PARADISE 87-3186 Carissa Road, Captain Cook, HI 96704 TMK # (3) 8-7-016-054-0000 A three bedroom, two bath fee simple home, being all of that certain parcel of land (being portion(s) of the land(s) described in and covered by Mahele Award 25, Royal Patent Number 7739 to Nahua) situate, lying and being at Kaohe 4th, South Kona, Island and County of Hawaii, State of Hawaii, being LOT 74. An undivided 1/600th intereste in common with for ingress and egress in, over and across that certain parcel of land, containing an area of 18.855 acre, more or less. Notice is hereby given that pursuant to the Findings Of Fact, Conclusions Of Law And Order Granting Plaintiff’s Motion For Summary And/Or Default Judgment Against All Defendants And For Interlocutory Decree Of Foreclosure; Exhibit “A” filed November 22, 2019, in MTGLQ Investors, L.P. v. Devin M. Studeman, et al.; Civil No. 17-1-346K (Foreclosure), in the Circuit Court of the Third Circuit, State of Hawaii, the undersigned Commissioner has been appointed to sell the above described property at public auction as follows: Open House: Wednesday, January 22, 2020 10:00 a.m. 12:00 p.m. Wednesday, January 29, 2020 10:00 a.m. 12:00 p.m. Auction: Wednesday, February 19, 2020, at 12:10 p.m. At the flag pole fronting Hale Halawai, Kailua-Kona, Hawaii. TERMS OF SALE: Property is to be sold “AS IS” to the highest bidder with no upset price. The successful bidder at the sale shall make a down payment to the Commissioner in the amount not less than ten percent (10%) of the highest successful bid price. This payment shall be in cash, money order, by cashier’s check or by certified check, provided that Plaintiff may satisfy the down payment by way of offset up the amount of its secured debt. Prior to bidding, any person not hereby authorized to credit bid must show the Commissioner such person’s present ability to make the required down payment in such form immediately upon the close of the bidding. At the Court’s discretion, the 10% down payment may be forfeited in full or in part if the purchaser shall fail to pay the balance of the purchase price as hereinafter set forth. In no event shall the purchaser be liable for damages greater than the forfeiture of the 10% down payment. The balance of the purchase price shall be paid to the Commissioner upon approval and confirmation of the sale, provided that if Plaintiff is the purchaser at the foreclosure sale, said Plaintiff may satisfy the balance of the purchase price by way of offset up to the amount of its secured debt. The Commissioner may require that the sale close through an escrow, even if the purchaser does not require one. All costs and expenses of closing, including without limitation, the costs of conveyance, including preparation of the conveyance document, conveyance tax, escrow and recording fees, any proof of title or title insurance, and notary fees, as well as the costs of securing possession of the Mortgaged Property, shall be the responsibility of and paid by the purchaser. Neither the availability of the title insurance nor securing possession of the Mortgaged Property shall be a condition of closing. SALE IS SUBJECT TO COURT CONFIRMATION. For further legal description and information contact CAROL S. KITAOKA, Commissioner, P. O. Box 2107, Kealakekua, HI, 96750; Phone: (808) 895-7492. (WHT1258606 1/20, 1/27, 2/3/20)