NOTICE OF PUBLIC AUCTION NOTICE IS

81637 | 05/29/2021 | Ad id: 9-0000691367-01
Details

NOTICE OF PUBLIC AUCTION NOTICE IS HEREBY GIVEN THAT the real property described in Exhibit A will be sold by THE UNION SQUARE OWNERS ASSOCIATION, INC. (the "Association") at public auction to the highest bidder, purchase price payable in lawful money of the United States of America at the time of sale, in the lobby of the Sky Lodge or in another room of the Sky Lodge that will be set forth in a notice posted in the lobby, which is located at 201 Heber Ave., Park City, Utah 84060 on June 29, 2021 at 10:00 a.m. MDT. Bidders may also participate in the auction via Zoom at the following link: https://us02web.zoom.us/j/84031903681?pwd=NHJsSzRsZ2oxeDVWdjh2OXdDdXpsZz09 The sale of the aforementioned real property will take place in accordance with an order entered by the Third District Court of Utah in Case No. 170500482, a copy of which is included as Exhibit B. The sale of the aforementioned real property will be made without warranty as to title, possession, or encumbrances and shall be conveyed to the highest bidder via quitclaim deed. Bidding on the real property described in Exhibit A will start at Forty Thousand and No/100 Dollars ($40,000). Successful bidders must be prepared to tender a cashier's check or wire transfer in the non-refundable amount of Five Thousand and No/100 Dollars ($5,000) at the time of sale. The balance of the purchase price must be paid in full by cashier's check or wire transfer within forty-eight (48) hours of the sale. If the balance of the purchase price is not paid within forty-eight (48) hours of the sale, the aforementioned real property will be sold to the next highest bidder and the successful bidder's deposit will be retained as damages by the Association. EXHIBIT A REAL PROPERTY That certain real property located in Summit County, State of Utah, more particularly described as follows: AN UNDIVIDED ONE-EIGHTH (1/8) SHARE INTEREST IN UNIT 106, AKA (106-F), CONTAINED WITHIN THE FIRST AMENDED CONDOMINIUM PLAT OF UNION SQUARE, A UTAH CONDOMINIUM PROJECT AS THE SAME IS IDENTIFIED IN THE RECORD OF SURVEY MAP RECORDED AUGUST 03, 2009 IN SUMMIT COUNTY, AS ENTRY NO. 879382 (AS SAID RECORD OF SURVEY MAP MAY HAVE HERETOFORE BEEN AMENDED OR SUPPLEMENTED) AND IN THE DECLARATION RECORDED ON APRIL 12, 2006 IN SUMMIT COUNTY, AS ENTRY NO. 774533 IN BOOK 1784 AT PAGE 195 (AS SAID DECLARATION MAY HAVE HERETOFORE BEEN AMENDED OR SUPPLEMENTED.) TOGETHER WITH THE APPURTENANT UNDIVIDED INTEREST IN SAID PROJECT'S COMMON AREAS AS ESTABLISHED IN SAID DECLARATION AND ALLOWING FOR PERIODIC ALTERATION BOTH IN THE MAGNITUDE OF SAID UNDIVIDED INTEREST AND IN THE COMPOSITION OF THE COMMON AREAS AND FACILITIES TO WHICH SAID INTEREST RELATES. TOGETHER WITH: THE EXCLUSIVE RIGHT TO POSSESSION AND OCCUPANCY OF THE AFOREMENTIONED SHARED INTEREST IN UNIT IN THE SKY LODGE DURING CERTAIN VACATION TIME IN ACCORDANCE WITH THE SHARED OWNERSHIP REGIME AND THE RESERVATION POLICIES AND PROCEDURES. EXHIBIT B ORDER