TRUSTEE’S NOTICE OF SALE TS No

TRUSTEE’S NOTICE OF SALE TS No. OR05000045-14-2 APN 01089182 TO No 97108715 Reference is made to that certain Trust Deed made by, FRED PHILPOT, as Grantor to NORTHWEST TRUSTEE SERVICES, INC. as Trustee, in favor of SEATTLE MORTGAGE COMPANY as Beneficiary dated as of February 23, 2007 and recorded on February 28, 2007 as Instrument No. 2007-017420 and the beneficial interest was assigned to Reverse Mortgage Solutions, Inc. and recorded May 17, 2012 as Instrument Number 2012-030840 of official records in the Office of the Recorder of Clackamas County, Oregon to-wit: APN: 01089182 LOT 7, AND THE WEST 16 FEET OF LOT 8, WEST MOLALLA HOMES, CLACKAMAS COUNTY, OREGON, EXCEPTING THEREFROM THAT PORTION CONVEYED TO THE STATE OF OREGON, BY AND THROUGH ITS DEPARTMENT OF TRANSPORTATION BY DONATION DEED RECORDED JULY 24, 2001 AS FEE NO. 2001-057963 Commonly known as: 1418 W MAIN STREET FKA 12860 S. HIGHWAY 211, MOLALLA, OR 97038 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 death of all mortgagors, pursuant to paragraph 7 under the Note, and pursuant to paragraph 9 of the Deed of Trust. 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 $118,452.35 together with interest thereon from March 17, 2010 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, 2018 at the hour of 11:00 AM, Standard of Time, as established by Section 187.110, Oregon Revised Statues, at the arbor & water feature located immediately on the north side of the Clackamas County Courthouse steps, 807 Main Street, Oregon City, OR 97045 County of Clackamas, 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: 3/8/2018 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.comISL Number 38213, Pub Dates: 04/25/2018, 05/02/2018, 05/09/2018, 05/16/2018, SANDY POST. Published Apr. 25, May 2, 9 & 16, 2018. SP36286

ad: 36286

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2018/04/25

End Date: 2018/05/16

Court Number: OR05000045-14-2

City: IRVING

County: Clackamas