October 20th - Commercial Condos 1485 North 400 East

L02570677 NOTICE OF TRUSTEE'S SALE The following described property will be sold at public auction to the highest bidder, payable in lawful money of the United States at the time of sale, at the First District Courthouse, 135 North 100 West, Logan, Utah 84321, on October 20, 2009, at 2:30 p.m. of said day, for the purpose of foreclosing a trust deed dated May 12, 2006, and executed by PARKER REAL ESTATE DEVELOPMENT, INC., as Trustor, in favor of BANK OF UTAH as Beneficiary, which Trust Deed was recorded on May 15, 2006, as Entry No. 916409, in Book 1406, at Page 8, in the Official Records of Cache County, State of Utah covering real property purportedly located at 1485 North 400 East, Logan, Utah 84321 in Cache County, Utah, and more particularly described as: UNIT NUMBER 102 TOGETHER WITH 30 PERCENT INTEREST IN A COMMON AREA AND FACILITIES, AS SHOWN ON THE CONDOMINIUM PLAT MAP OF THE NORTH LOGAN PROFESSIONAL PLAZA CONDOMINIUMS (LOT 1 OF RIVER RUN SUBDIVISION), A CONDOMINIUM PROJECT, APPEARING IN THE RECORD OF THE COUNTY RECORDER OF CACHE COUNTY, STATE OF UTAH, IN BOOK 2006, AT PAGE 2056, OF PLATS AND AS DEFINED AND DESCRIBED IN THE DECLARATION OF CONDOMINIUM FOR NORTH LOGAN PROFESSIONAL PLAZA CONDOMINIUMS APPEARING IN SUCH RECORDS, IN BOOK 1404, AT PAGE 117, OF RECORDS. UNIT NUMBER 103 TOGETHER WITH 20 PERCENT INTEREST IN A COMMON AREA AND FACILITIES, AS SHOWN ON THE CONDOMINIUM PLAT MAP OF THE NORTH LOGAN PROFESSIONAL PLAZA CONDOMINIUMS (LOT 1 OF RIVER RUN SUBDIVISION), A CONDOMINIUM PROJECT, APPEARING IN THE RECORD OF THE COUNTY RECORDER OF CACHE COUNTY, STATE OF UTAH, IN BOOK 2006, AT PAGE 2056, OF PLATS AND AS DEFINED AND DESCRIBED IN THE DECLARATION OF CONDOMINIUM FOR NORTH LOGAN PROFESSIONAL PLAZA CONDOMINIUMS APPEARING IN SUCH RECORDS, IN BOOK 1404, AT PAGE 117, OF RECORDS. Tax ID: 04-085-0102 and 04-085-0103 The current Beneficiary of the trust deed is BANK OF UTAH, and the record owner of the property as of the recording of the Notice of Default is PARKER REAL ESTATE DEVELOPMENT, INC. Bidders must tender to the trustee a $5,000.00 deposit at the sale and the balance of the purchase price by 2:00 p.m. the day following the sale. Both the deposit and the balance must be paid to Lincoln Title Insurance Agency in the form of a wire transfer, cashier's check or certified funds. Cash payments, personal checks or trust checks are not accepted. DATED: September 16, 2009. LINCOLN TITLE INSURANCE AGENCY by: Paula Maughan its: Vice President Telephone: 801-476-0303 web site: www.smithknowles.com SK File No. 09-0344