TRUSTEE’S NOTICE OF SALE
Reference is made to that certain trust deed made by BRUCE A. CUSHMAN and SANDRA L. BRYDSON, aka SANDRA CUSHMAN, as grantors, to PETER C. McCORD, as trustee, in favor of PORTLAND TEACHERS CREDIT UNION, now known as OnPOINT COMMUNITY CREDIT UNION, as beneficiary, dated November 9, 1999, recorded November 12, 1999, in the Mortgage Records of Multnomah County, Oregon, as Instrument No. 99206858, modified by Trust Deed recorded December 30, 2002 as Instrument No. 2002-240368, and further modified by Trust Deed recorded May 14, 2007 as Instrument No. 2007-085550, covering the following described real property: LOT 3, BLOCK 11, HIGHLAND PARK, IN THE CITY OF PORTLAND, COUNTY OF MULTNOMAH AND STATE OF OREGON. Commonly known as 924. N.E. Ainsworth Street, Portland, Oregon 97211. This is an attempt to collect a debt. Any information obtained will be used for that purpose.
Both the beneficiary and the trustee have elected to sell the said real property to satisfy the obligations secured by said trust deed, and a notice of default has been recorded pursuant to Oregon Revised Statues 86.752(3); the default for which the foreclosure is made is grantor’s failure to pay when due the following sums:
There is a default by the grantors or other person owing an obligation, the performance of which is secured by the Trust Deed, or by the successor in interest, with respect to provisions therein which authorize sale in the event of default of such provisions; the default for which foreclosure is made is grantors’ failure to pay, and cause removal of, the liens held by the City of Portland for code enforcement violations and other fees.
By reason of the default, the beneficiary has declared all sums owing on the obligation secured by the trust deed immediately due and payable, those sums being the following, to-wit: $29,064.04, plus interest at the rate of 4% per annum from April 1, 2016, until paid, plus $1,500.00 for collection expenses incurred prior to foreclosure.
WHEREFORE, notice is hereby given that the undersigned trustee will on WEDNESDAY, DECEMBER 7, 2016, at the hour of 11:45 o’clock A.M., in accord with the standard of time established by ORS 187.110, at the following place: MAIN ENTRANCE, MONTGOMERY PARK OFFICE BUILDING, 2701 N.W. VAUGHN, PORTLAND, OREGON 97210, COUNTY OF MULTNOMAH, STATE OF OREGON, sell at public auction to the highest bidder for cash the interest in the described real property which the grantor had, or had power to convey, at the time of the execution by him/her/them of the trust deed, together with any interest which the grantor or his/her/their successors in interest acquired after the execution of the 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 86.778 has the right, at any time prior to five days before the date last set for the sale, to have this foreclosure proceeding dismissed, and the crust deed reinstated by payment to the beneficiary of the entire amount then due (other than such portion of the principal as would not then be due had no default occurred), and by curing any other default complained of herein that is capable of being cured by tendering the performance required under the obligation or trust deed, and, in addition, paying said sums or tendering the performance necessary to cure the default by paying all costs and expenses actually incurred in enforcing the obligation and crust deed, together with trustee’s and attorney’s fees not exceeding the amounts provided by said ORS 86.778.
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.
Trustee has determined that no grantor named in this notice is a member of the United States Military Service as defined by the Servicemembers Civil Relief Act, as amended (“SCRA”). Trustee has checked the website for the Department of Defense Manpower Data Center and has retrieved a Military Status Report for each grantor. Based upon such Report(s), Trustee concludes that no grantor named herein is entitled to the protections and benefits otherwise afforded an active member under SCRA.
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 granter, as well as any other person owing an obligation, the performance of which is secured by said trust deed, and the words “trustee” and “beneficiary include their respective successors in interest, if any.
DATED: July 21, 2016
Peter C. McCord, Trustee
Five Centerpointe Drive, Suite 240
Lake Oswego, Oregon 97035
Published Oct. 14, 21, 28 & Nov. 4, 2016