TRUSTEE’S NOTICE OF SALE (Commercial Trust

TRUSTEE’S NOTICE OF SALE (Commercial Trust Deed) The Successor Trustee, under the Trust Deed in this notice, at the direction of the Beneficiary, elects to sell the property described in the Trust Deed to satisfy the obligation secured by the Trust Deed. Pursuant to ORS 86.771, the following information is provided: 1. PARTIES: GRANTORS: JEFFREY STRICKLAND and JOANN STRICKLAND TRUSTEE: FIDELITY NATIONAL TITLE INSURANCE COMPANY SUCCESSOR TRUSTEE: AARON J. BELL (hereinafter Trustee) BENEFICIARY: BANK OF THE WEST (hereinafter BOTW) 2. DESCRIPTION OF PROPERTY COVERED BY THE TRUST DEED: Lot 3, OVERLOOK ACRES, in the County of Washington and State of Oregon. (Property) 3. RECORDING: The Deed of Trust was dated November 30, 2007, recorded December 3, 2007, as Instrument No. 2007-124570, Official Records of Washington County, Oregon; (hereinafter Trust Deed). 4. ELECTION TO SELL AND NOTICE OF DEFAULT: Take notice that both the Beneficiary and Trustee have elected to sell the Property to satisfy the obligations secured by the Trust Deed and to satisfy the expenses of the sale, including the compensation of the Trustee as provided by law and the reasonable fees of Trustee’s attorneys, pursuant to ORS 86.705 to 86.815. A Notice of Default has been recorded pursuant to ORS 86.752(3). 5. DEFAULT FOR WHICH FORECLOSURE IS MADE: Grantors Jeffrey Strickland and Joann Strickland are the guarantors (hereafter referred to as Grantors) of that certain Promissory Note dated November 30, 2007 (the Promissory Note), between Bank of the West and TransAction Transmission, Inc. (hereafter TransAction) in the principal amount of $255,000.00. TransAction has failed to pay the principal amount of its obligations to BOTW when due and it has failed to pay accrued interest on obligations to BOTW within 5 days of when due. Moreover, TransAction has failed to perform or observe terms, covenants and agreements contained in the loan documents and those failures have continued for more than 30 days after the occurrence thereof. Grantors are in default due to TransAction’s failure to pay its July 5, 2015, payment, and each and every monthly payment thereafter, pursuant to the terms of the Promissory Note, and the instruments evidencing Beneficiary’s Loan No. 3500042036 (hereinafter Loan) secured by Grantors’ Trust Deed, and other defaults of its obligations to the Beneficiary, to include, but not limited to TransAction’s failure to provide Beneficiary with financial statements and other documents, records, and information pursuant to the loan documents (Other Documentation), and Beneficiary seeks to foreclose the Trust Deed for TransAction’s failure to pay and provide Other Documentation reasonably requested pursuant to the terms of the Loan; the total amount past due as of April 20, 2017, was $71,553.07, plus property expenditures, taxes, liens, assessments, insurance, late fees, attorney’s and trustee’s fees and costs, and interest due at the time of reinstatement or sale for its Loan with Beneficiary. 6. SUM OWING ON OBLIGATION SECURED BY TRUST DEED: By reason of the default by TransAction, the Beneficiary has declared all sums owing on the obligation secured by Grantors’ Trust Deed immediately due and payable, said sums being the following, to-wit: Payoff in the sum of $92,346.50 as of April 20, 2017, plus per diem thereafter of $13.35 plus taxes, liens, assessments, property expenditures, insurance, accruing interest, late fees, attorney’s and trustee’s fees and costs incurred by Beneficiary or its assigns. 7. SALE: The sale shall be held: On the Date: Tuesday, January 23, 2018 At the Time: 10:00 a.m. Pacific Time in accord with the standard of time established by ORS 187.110 At the Place: Immediately outside the main front entry of the Washington County Courthouse, located at 145 NE 2nd Avenue, Hillsboro, Oregon. At which date and time Trustee will sell at public auction to the highest bidder for cash, or with regard to the Beneficiary credit bid and/or cash, the Property described above which the Grantors had or had power to convey at the time of the execution by Grantors of the Trust Deed together with any interest which the Grantors or Grantors’ successors in interest acquired after the execution of the Trust Deed, to satisfy the afore stated obligations thereby secured and the costs and expenses of the sale as set forth above. 8. RIGHT TO DISMISSAL AND REINSTATEMENT: Take notice that the right exists under ORS 86.778, at any time prior to five (5) 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, or the Beneficiary’s successor in interest, 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. 9. PROPERTY DISCLOSURE: 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. 10. NOTICE TO RESIDENTIAL TENANTS: The NOTICE TO RESIDENTIAL TENANTS, attached hereto as Exhibit A, is incorporated herein by reference. [Exhibit A, NOTICE TO RESIDENTIAL TENANTS, is not published pursuant to ORS 86.774(2)(b).] FOR FURTHER INFORMATION CONTACT: Aaron J. Bell, Trustee Bell Law Firm, P.C. P.O. Box 1547 Wilsonville, OR 97070 Phone: (503) 682-8840; Fax (503) 682-9895 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, and any grammatical changes apply equally to businesses and to individuals. DATED this 8th day of September, 2017. Aaron J. Bell, OSB No. 871649 Trustee Published Nov. 9, 16, 23 & 30, 2017. BVT13417

ad: 13417

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2017/11/09

End Date: 2017/11/30

City: CANBY

County: Washington