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Posts Tagged ‘First American Title Co’

TRUSTEE’S NOTICE OF SALE

TRUSTEE’S NOTICE OF SALE
Reference is made to that certain trust deed made by Pamela S. Martin, as grantor, to First American Title Insurance Company, as trustee, in favor of Siuslaw Bank as beneficiary, dated July 23, 2008, and recorded on July 25, 2008, as Instrument No.  2008065638 of the Official Records of Washington County, Oregon, and that certain Assignment of Trust Deed dated July 23, 2008 and recorded July 25, 2008 as Instrument No. 2008065639 wherein Oregon Housing and Community Services Department, State of Oregon, was designated as the successor beneficiary, covering the following described real property situated in said county and state, to-wit:

Lot 112, MEADOWBROOK NO. 2, Washington County, Oregon.

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 Statutes 86.735(3); the default for which the foreclosure is made is Grantors’ failure to pay when due the following sums: Grantor’s failure to pay monthly installment payments due under the Promissory Note in the amount of $1,389.00 for the months of May, June, July, August and September 2012.
By reason of said default, the Beneficiary has declared all sums owing on the obligation secured by said Trust Deed immediately due and payable, said sums being the following, to-wit: the principal balance of $183,734.44 together with accrued interest through August 27, 2012 in the amount of $4,248.63 (interest continues to accrue at the rate of $28.7846 per diem from August 28, 2012 until paid), plus late fees in the amount of $283.00, and such other costs and fees as are due under the note or other instrument secured, and as are provided by statute.
WHEREFORE, notice is hereby given that the undersigned Trustee will on February 8, 2013, at the hour of 10:00 o’clock A.M., in accord with the standard of time established by ORS 187.110, at Washington County Courthouse steps, 145 NE Second Avenue, City of Hillsboro, County of Washington, Oregon, sell at public auction to the highest bidder for cash the interest in said described real property which the Grantors 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 Grantors or their 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, at any time prior to five days before the date last set for the sale, to have this foreclosure proceeding dismissed and the Trust Deed reinstated by payment to the Beneficiary of the entire amount when 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 rendering the performance required under the obligation or Trust Deed, and in addition to 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 trust deed, together with Trustee’s and attorney’s fees not exceeding the amounts provided by ORS 86.753.
In construing this notice, the masculine gender includes the feminine and the neuter, the singular includes the plural, the word “Grantors” includes any successor in interest to the Grantors 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:  September 12, 2012

Benjamin M. Kearney, Successor Trustee
800 Willamette Street, Suite 800
Eugene, OR  97401
541-484-0188
Publish 11/29, 12/06, 12/13, 12/20/2012.               TT11739