Federal Register / Vol. 60, No. 53 / Monday, March 20, 1995 / Notices 14775

containing provisions set forth in 24

CFR 290.202 for selling nonperforming,

unsubsidized mortgage loans. The first

auction of these mortgage loans is

scheduled for March 28, 1995 and

involves the sale of mortgage loans

secured by properties located in the

Southeastern United States (‘‘Southeast

Auction’’). The sale was announced by

a notice published in the Federal

Register on January 13, 1995 (60 FR

3255).

This notice sets forth the sale

procedures and other information

relevant to the sale scheduled for March

28, 1995. The following are changes,

modifications and/or amplifications to

those sale procedures previously

published. Except as expressly set forth

below, the procedures set forth in the

Federal Register on January 13, 1995

remain effective.

Ineligible Bidders. The following

individuals and entities (either alone or

in combination with others) are

ineligible to bid on any one or

combination of the mortgage loans

included in the Southeast Auction:

(1) Any employee of the Department;

(2) Any individual or entity that is

debarred from doing business with the

Department pursuant to 24 CFR part 24;

(3) Any contractor, subcontractor and/

or consultant (including any agent of the

foregoing) who performed services for,

or on behalf of, the Department in

connection with the Southeast Auction;

(4) Any individual that was a

principal and/or employee of any entity

or individual described in paragraph (3)

above at any time during which the

entity or individual performed services

for, or on behalf of, the Department in

connection with the Southeast Auction;

(5) Any entity or individual that

served as a loan servicer or performed

other services for, or on behalf of the

Department, with respect to any of the

mortgage loans included in the

Southeast Auction at any time during

the two-year period prior to March 28,

1995; and

(6) Any individual that was a

principal and/or employee of any entity

or individual described in paragraph (5)

above at any time during the two year

period prior to March 28, 1995, except,

however, any entity or individual

described in paragraphs (5) and (6) shall

be permitted (subject to the terms and

conditions of any agreement the entity

or individual has previously entered

into in connection with the Southeast

Auction and/or other agreements

entered into with, or on behalf of, the

Department), to:

(i) Perform services as a consultant

and/or advisor to any bidder who is

eligible to bid at the Southeast Auction,

provided that such services do not

involve the use of any materials or

information not otherwise available to

the general public that were produced

or developed for, or on behalf of, the

Department; and

(ii) Bid on any of the mortgage loans

included in the Southeast Auction that

were not serviced by such entity or

individual described in paragraphs (5)

or (6) at any time during the two year

period prior to March 28, 1995.

Number of Bids. A bidder may bid on

as many individual mortgage loans as

the bidder chooses. However, no bidder

may bid on more than ten (10) pools of

mortgage loans (i.e., combinations of

two or more mortgage loans).

Timely Bids and Deposits. Each

bidder assumes all risks of loss relating

to its failure to deliver, or cause to be

delivered, on a timely basis and in the

manner specified by the Department,

each bid form, earnest money deposit

and loan sale agreement required to be

submitted by the bidder.

Ties for High Bidder. In the event

there is a tie for a high bid, the

Department, through its financial

advisor, will contact the parties with the

tie bid and afford each of them an

opportunity to offer a best and final bid.

The successful bidder will be the one

with the highest bid. If a tie continues

after the best and final offers are

submitted or the bidders do not

respond, or do not respond within the

time period established by the

Department, the successful bidder will

be determined by lottery.

Notwithstanding the above, the

Department reserves the right to

withdraw any mortgage loan(s) subject

to a tie bid.

Nonperforming Status of Mortgage

Loans. Almost all of the mortgage loans

included in the Southeast Auction are

nonperforming. However, some of the

mortgage loans may become performing

on or before the date that title to the

mortgage loan(s) is transferred to the

successful bidder.

Dated: March 13, 1995.

Jeanne K. Engel,

General Deputy Assistant Secretary for

Housing-Federal Housing Commissioner.

[FR Doc. 95–6714 Filed 3–17–95; 8:45 am]

BILLING CODE 4210–27–P

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[OR–130–1220–00; GP5–082]

Notice of Public Lands Closure/

Restrictions, Grant County,

Washington

AGENCY: Bureau of Land Management,

Wenatchee Resource Area, Spokane

District.

ACTION: Emergency closure of public

lands; Washington.

SUMMARY: Closure and restriction order.

Under the authority identified in 43

CFR 8364.1 (a.) Fifty acres of public

lands located on Saddle Mountains,

(S1⁄2NE1⁄4NW1⁄4, N1⁄2NW1⁄4NE1⁄4,

SW1⁄4NW1⁄4NE1⁄4, Section 12, T. 15 N.,

R. 23 E. Willamette Meridian), are

closed to surface disturbing activities

including OHV riding and digging of

petrified wood. The existing road and

jeep trail are not affected by this closure.

This closure/restriction is effective

immediately upon publication of this

notice and will remain in effect year

round or until rescinded. This order is

necessary to provide protection for

sensitive plant species habitat.

Authorized BLM personnel conducting

habitat restoration activities, and

personnel operating fire fighting and/or

emergency vehicles or operations

including search and rescue activities,

are exempt from this order.

Any person who fails to comply with

a closure or restriction order issued

under this subpart may be subject to the

penalties provided in 43 CFR 8360.0–7.

These penalties are as follows.

Violations are punishable by a fine not

to exceed $1,000 and/or imprisonment

not to exceed 12 months.

FOR FURTHER INFORMATION CONTACT:

James Fisher, Area Manager, BLM,

Wenatchee Resource Area Office, 915 N.

Walla Walla Street, Wenatchee,

Washington, 98801–1521; 509–665–

2100.

Dated February 28, 1995.

James F. Fisher,

Wenatchee Resource Area Manager.

[FR Doc. 95–6740 Filed 3–17–95; 8:45 am]

BILLING CODE 4310–33–M