TRUSTEE’S NOTICE OF SALE
TS No. OR07000029-16-1 APN R339851 / 1S3E13DC-07500 TO No 8601726 Reference is made to that certain Trust Deed made by, NORRIS BELLER AND BRENDA BELLER, HUSBAND AND WIFE as Grantor to FIRST AMERICAN TITLE COMPANY as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. (“MERS”), as designated nominee for SECURITY ONE LENDING, Beneficiary of the security instrument, its successors and assigns, dated as of November 14, 2011 and recorded on November 22, 2011 as Instrument No. 2011-130213 and the beneficial interest was assigned to Reverse Mortgage Solutions, Inc. and recorded February 10, 2016 as Instrument Number 2016-015541 of official records in the Office of the Recorder of Multnomah County, Oregon to-wit: APN: R339851 / 1S3E13DC-07500 A TRACT OF LAND SITUATED IN THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 13, RANGE 3 EAST OF THE WILLAMETTE MERIDIAN, IN THE CITY OF GRESHAM, COUNTY OF MULTNOMAH AND STATE OF OREGON, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT AN IRON PIPE IN THE WEST LINE OF SAID LEGAL SUBDIVISION THAT BEARS NORTH 1°51`30″WEST 230.03 FEET FROM THE SOUTHWEST CORNER THEREOF; THENCE CONTINUING NORTH 1°51`30″WEST, ALONG SAID WEST LINE, A DISTANCE OF 396.05 FEET TO THE SOUTHWEST CORNER OF “CORNETT PARK”, SITUATED IN SAID COUNTY; THENCE NORTH 89°01`20 EAST, ALONG THE SOUTH LINE THEREOF, A DISTANCE OF 220.00 FEET TO A POINT IN THE EAST LINE OF THAT CERTAIN TRACT OF LAND DESCRIBED AS PARCEL I AND CONVEYED TO HARLIN CORNETT, ET UX, BY DEED RECORDED JULY 16, 1969 IN BOOK 687, PAGE 1075 OF DEED RECORDS, SAID COUNTY; THENCE SOUTH 1°51`30″ EAST, ALONG SAID EAST LINE, A DISTANCE OF 396.05 FEET TO THE SOUTHEAST CORNER OF SAID CORNETT TRACT; THENCE SOUTH 89°01`20″ WEST, ALONG THE SOUTH LINE THEREOF, A DISTANCE OF 220.00 FEET TO THE POINT OF BEGINNING; CONTAINING AN AREA OF 2.00 ACRES, MORE OR LESS. Commonly known as: 2827 SE EAGLE AVENUE, GRESHAM, OR 97080 Both the Beneficiary, Reverse Mortgage Solutions, Inc., and the Trustee, Nathan F. Smith, Esq., OSB #120112, have elected to sell the said real property to satisfy the obligations secured by said Trust Deed and notice has been recorded pursuant to Section 86.735(3) of Oregon Revised Statutes. The default for which the foreclosure is made is the Grantor’s failure to pay: Failed to pay the principal balance which became all due and payable based upon the failure to pay taxes and/or insurance By this reason of said default the Beneficiary has declared all obligations secured by said Trust Deed immediately due and payable, said sums being the following, to-wit: The sum of $285,087.92 together with interest thereon from August 26, 2015 until paid; and all Trustee’s fees, foreclosure costs and any sums advanced by the Beneficiary pursuant to the terms of said Trust Deed. Wherefore, notice is hereby given that, the undersigned Trustee will on July 20, 2016 at the hour of 11:00 AM, Standard of Time, as established by Section 187.110, Oregon Revised Statues, in the vestibule, immediately inside the Fourth Avenue entrance to the Multnomah County Courthouse, 1021 SW Fourth Ave, Portland, OR 97204 County of Multnomah, sell at public auction to the highest bidder for cash the interest in the said described real property which the Grantor had or had power to convey at the time of the execution by him of the said Trust Deed, together with any interest which the Grantor or his successors in interest acquired after the execution of said Trust Deed, to satisfy the foregoing obligations thereby secured and the costs and expenses of sale, including a reasonable charge by the Trustee. Notice is further given that any person named in Section 86.753 of Oregon Revised Statutes has the right to have the foreclosure proceeding dismissed and the Trust Deed reinstated by payment to the Beneficiary of the entire amount then due (other than such portion of said principal as would not then be due had no default occurred), together with the costs, Trustee’s or attorney’s fees and curing any other default complained of in the Notice of Default by tendering the performance required under the obligation or Trust Deed, at any time prior to five days before the date last set for sale. Without limiting the Trustee’s disclaimer of representations or warranties, Oregon law requires the Trustee to state in this notice that some residential property sold at a Trustee’s sale may have been used in manufacturing methamphetamines, the chemical components of which are known to be toxic. Prospective purchasers of residential property should be aware of this potential danger before deciding to place a bid for this property at the Trustee’s sale. In construing this notice, the masculine gender includes the feminine and the neuter, the singular includes plural, the word “Grantor” includes any successor in interest to the Grantor as well as any other persons owing an obligation, the performance of which is secured by said Trust Deed, the words “Trustee” and “Beneficiary” includes their respective successors in interest, if any. Dated: March 2, 2016 By: Nathan F. Smith, Esq., OSB #120112 Successor Trustee Malcolm & Cisneros, A Law Corporation Attention: Nathan F. Smith, Esq., OSB #120112 c/o TRUSTEE CORPS 17100 Gillette Ave, Irvine, CA 92614 949-252-8300 FOR SALE INFORMATION PLEASE CALL: In Source Logic at 702-659-7766 Website for Trustee’s Sale Information: www.insourcelogic.com. Order No. OR16-000094-1, Pub Dates 03/29/2016, 04/05/2016, 04/12/2016, 04/19/2016.
Published Mar. 29, Apr. 5, 12 & 19, 2016.