NOTICE OF TRUSTEES SALE

NOTICE OF TRUSTEE'S SALE

NOTICE IS HEREBY GIVEN that on April 8, 2010, at 11:00 a.m. the office of Catherine L. Dullea, Attorney at Law, as Successor Trustee, 101 N. Fourth Avenue Suite 204, Sandpoint, ID, will sell at public auction to the highest bidder, for cash in lawful money of the United States of America, all payable at the time of sale, the following real property situated in the County of Bonner, State of Idaho, described as follows:

The West Half of the Northeast Quarter of the Northeast Quarter of the Southeast Quarter of Section 21, Township 56 North, Range 3 West, Boise Meridian, Bonner County, Idaho.

The purported physical address is 431 Destiny Bay Road, Sagle, Idaho.

The Trustee has no knowledge of a more particular description of the above-described real property, but for purposes of compliance with Idaho Code §60-113, information may be obtained from Catherine L. Dullea, Attorney at Law, Telephone (208)265-2276.

Said sale will be made, without covenant or warranty regarding title, possession or encumbrances, to satisfy the obligations secured by and pursuant to the power of sale conferred in the Deed of Trust executed by K.I. MORRIS, an unmarried woman, and P.K. MORRIS, an unmarried man, as Grantors to Alliance Title & Escrow Co., as Trustee, and said Trustee having resigned and the Beneficiaries having appointed Catherine L. Dullea, Attorney at Law, as Successor Trustee, for the benefit and security of 2002 REYNOLDS FAMILY LIMITED PARTNERSHIP, a Washington limited partnership, as to an undivided 50% interest, and TERRY A. SHERAR, TRUSTEE OF THE TERRY A. SHERAR TRUST DATED SEPTEMBER 3, 1992, as to an undivided 50% interest, as Beneficiaries, said Deed of Trust having been recorded on October 16, 2008, as Instrument No. 760572, official records of Bonner County, Idaho.

THE ABOVE GRANTORS ARE NAMED TO COMPLY WITH §45-1506(4)(a) IDAHO CODE. NO REPRESENTATION IS MADE THAT THEY ARE, OR ARE NOT, PRESENTLY RESPONSIBLE FOR THIS OBLIGATION.

The default for which the sale is to be made is the failure of the Grantor(s) and/or assumptive Grantor(s) to make monthly payments of $1,107.15, each, for the months of August, September, October and November, 2009; failure to pay late fees of $110.72, each, for the same months; failure to pay default and attorney fees of $250.00; and failure to pay the 2008 real property taxes.

The balance owing as of the date hereof on the obligation secured by said Deed of Trust is the amount of $95,474.89, plus accrued interest at the rate of 13.6% per annum from July 8, 2009, plus any other costs or expenses associated with this obligation or foreclosure as provided by the Deed of Trust or Deed of Trust Note or by Idaho law.

DATED this 4th day of December, 2009.

CATHERINE L. DULLEA

Attorney at Law

Successor Trustee