TRUSTEE’S NOTICE OF SALE

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TRUSTEE’S NOTICE OF SALE
Reference is made to that certain trust deed made by Marc James and Lynn James, Grantor(s), to U.S. Bank Trust Company, National Association, trustee, in favor of U.S. Bank National Association ND, as beneficiary, recorded 09/11/2003, in the Records of Marion County, Oregon as Instrument No. Reel 2195 Page 499, and Glogowski Law Firm, Katrina E. Glogowski, being the successor trustee, covering the following described real property situated in the above-mentioned county and state, to wit: APN: R95504; The North 60.00 feet of Lot 10, Block 2, Vista Acres, in the City of Salem, Marion County, Oregon; Commonly known as 3930 Stanley Ln S, Salem, OR 97302. Both the beneficiary and the trustee 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 86.753(3) of Oregon Revised Statutes. The default for which foreclosure is made is grantor’s failure to pay when due the following sums: delinquent monthly payments in the amount of $30987.03 as of 03/06/16; any further sums advanced by the beneficiary for the protection of the above described real property and its interest therein; and prepayment penalties/premiums, if applicable. By reason of said default the beneficiary has declared all obligations secured by said deed of trust immediately due and payable, said sums being the following, to wit: The sum of $84965.30 together with delinquent monthly payments from 05/05/2012 totaling the amount of $30987.03 thru 03/06/16; any further sums advanced by the beneficiary for the protection of the above described real property and its interest therein; and prepayment penalties/premiums, if applicable. Whereof, notice is hereby given that Glogowski Law Firm, Katrina E. Glogowski, the undersigned trustee, will on 07/25/16 11:00, as established by ORS 187.110, at the following place: at the front entrance of the Marion County Courthouse, 100 High St NE, Salem, OR 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 ORS 86.753 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 and 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. Notice is hereby given that reinstatement or payoff quotes requested pursuant to ORS 86.757 and 86.759 must comply with that statute. Due to potential conflicts with federal law, persons having no record legal or equitable interest in the subject property will only receive information concerning the sale status and the opening bid. In construing this notice, the masculine gender includes the feminine and the neuter, the singular includes the 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” include their respective successors in interest, if any. If the Trustee is unable to convey title for any reason, the successful bidder’s sole and exclusive remedy shall be the return of monies paid to the Trustee, and the successful bidder shall have no further recourse. 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. DATED: 3/6/16 By Katrina E. Glogowski, OSB#035386.
Published Aug. 24, 31, Sep. 7 & 14, 2016.
WI15857081