TRUSTEE’S NOTICE OF SALE

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TRUSTEE’S NOTICE OF SALE
Reference is made to that certain Trust Deed made by Tyler L. Dunn and Samara E. Young, not as tenants in common but with the rights of survivorship, as Grantor, to First American Title Insurance Company, as Trustee, in favor of Geraldine Bower, as Beneficiary, dated April 28, 2014, recorded on April 29, 2014, in the Records of Yamhill County, Oregon, as instrument no. 201404786, covering the following described Real Property, commonly known as 20840 Baker Creek Rd, McMinnville, OR 97128, situated in the aforsaid county and state:
A tract of land located in Section 8, Township 4 South, Range 5 West of the Willamette Meridian in Yamhill County, Oregon, being more particularly described as follows:
Beginning at a point in the center of the county road as described in Book 111, Pages 284 and 285, Deed Records of Yamhill County, Oregon, that bears 1973.05 feet North 89°11’16″ West and 1273.09 feet North 02°36’11″ West from the one-quarter corner on the east line of said Section 8; thence North 02°36’11″ West 846.59 feet along a fence now there to an iron rod; thence North 01°57’53″ West 245.48 feet along a fence now there to an iron rod; thence North 02°33’11″ West 291.11 feet along a fence now there to an iron rod on the north line of said Section 8; thence South 88°26’56″ East 645.33 feet to an iron pipe at the northeast corner of the northwest quarter of the northeast quarter of said Section 8; thence South 88°27’33″ East 871.81 feet along the north line of said Section 8 to the center of an existing driveway; thence southerly and westerly the following courses and distances: South 21°08’06″ West 84.35 feet; thence South 36°02’17″ West 28.20 feet; thence South 51°54’30″ West 22.95 feet to the beginning of a curve concave to the north and having a radius of 175.00 feet; thence southwesterly along said curve 143.42 feet, the chord of said curve bearing South 75°23’11″ West 139.44 feet; thence North 81°08’08″ West 63.86 feet to the beginning of a curve concave to the south and having a radius of 357.68 feet; thence westerly along said curve 145.03 feet, the chord of said curve bearing South 87°14’54″ West 144.04 feet; thence South 75°37’57″ West 130.06 feet; thence North 87°24’54″ West 142.66 feet to the beginning of a curve concave to the south and having a radius of 136.64 feet; thence southwesterly along said curve 136.64 feet, the chord of said curve bearing South 80°09’27″ West 58.81 feet, to an angle in said driveway where another driveway joins from the northeast; thence South 40°30’46″ West 7.26 feet to the beginning of a curve concave to the southeast and having a radius of 200.00 feet; thence southerly along said curve 127.12 feet, the chord of said curve bearing South 22°18’15″ West 124.99 feet; thence South 04°05’44″ West 19.81 feet to the beginning of a curve concave to the west and having a radius of 200.00 feet; thence southerly along said curve 104.10 feet, the chord of said curve bearing South 19°00’23″ West 102.93 feet; thence South 33°55’02″ West 62.77 feet; thence South 43°49’26’ West 108.94 feet; thence South 39°44’05″ West 133.64 feet; thence South 45°23’37″ West 103.10 feet to the beginning of a curve concave to the southeast and having a radius of 300.00 feet; thence southerly along said curve 93.86 feet, the chord of said curve bearing South 36°25’51″ West 93.48 feet; thence South 27°28’05″ West 110.36 feet to the beginning of a curve concave to the southeast and having a radius of 400.00 feet; thence southerly along said curve 157.45 feet, the chord of said curve bearing South 16°1129″ West 156.44 feet; thence South 04°54’52″ West 123.52 feet to the beginning of a curve concave to the northwest and having a radius of 50.00 feet; thence southwesterly along said curve 43.65 feet, the chord of said curve bearing South 29°55’30″ West 42.28 feet; thence South 54°56’09″ West 226.33 feet to the POINT OF BEGINNING.
D. Eugene Pierson was appointed as Trustee by an appointment of successor trustee recorded pursuant to ORS 86.752(1).
Both the Beneficiary and the Trustee have elected to sell the Real Property to satisfy the obligations secured by the Trust Deed and a notice of default has been recorded pursuant to ORS 86.752(3). The default for which foreclosure is made is Grantor’s failure to pay when due the following sums:
Monthly principal and interest payments of $1,689.71 each beginning June 1, 2016, until paid; plus monthly escrow installments of $8.00 each beginning June 1, 2016, until paid; monthly make up payments of $844.86 each beginning September 1, 2016, until and including February 1, 2017, accrued late charges in the amount of $675.92 as of September 16, 2016, plus monthly late charges of $84.49 each beginning October 16, 2016, until paid; delinquent property taxes, if any; cost of foreclosure report; attorney’s fees; together with any other sums due or that may become due under the Note or by reason of this foreclosure and any further advances made by Beneficiary as allowed by the Note and Trust Deed.
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:
The principal sum of $209,369.34 with interest on the principal balance at the rate of 9% per annum, from March 9, 2016, until paid; accrued late charges in the amount of $675.92 as of September 16, 2016, plus monthly late charges of $84.49 each beginning October 16, 2016, until paid; cost of foreclosure report; attorney’s fees, Trustee’s fees, together with any other sums due or that may become due under the Note or by reason of this foreclosure and any further advances made by Beneficiary as allowed by the Note and Trust Deed.
WHEREFORE, NOTICE IS HEREBY GIVEN that the undersigned Trustee, will on February 28, 2017, at the hour of 2:30 PM, in accord with the standard of time established by ORS 187.110, at the following place: Front entrance of the Yamhill County Courthouse, 535 NE 5th St, McMinnville, Yamhill County, Oregon, sell at public auction to the highest bidder for cash the interest in the Real Property which Grantor had, or had the power to convey, at the time of the execution by Grantor of the Trust Deed, together with any interest Grantor or Grantor’s successor in interest acquired after the execution of the Trust Deed to satisfy the obligations secured by the Trust Deed and expenses of the sale, including compensation of the Trustee and a reasonable charge by the attorney.
NOTICE IS FURTHER GIVEN that any person named in ORS 86.778 has the right to have this foreclosure proceeding dismissed and the Trust 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), together with costs, Trustee’s fees and attorney fees, and by curing any other default complained of in the notice of default, at any time that is not later than five days before the date last set for the 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.
Attached hereto and made a part hereof is the Notice to Residential Tenants.
In construing this notice, the singular includes the plural, the word “Grantor” includes any successor in interest to the Grantor as well as any other person owing an obligation, the performance of which is secured by the Trust Deed, and the words “Trustee” and “Beneficiary” include their respective successors in interest, if any.
DATED this 13th day of October, 2016.
_______________________
D. Eugene Pierson,
Successor Trustee
2355 State Street
Salem, OR 97301
Phone: 503-581-6113
Published: 01-11, 01-18, 01-25, 02-01-17 NG565960