TRUSTEE’S NOTICE OF SALE (Matured Loan

TRUSTEE’S NOTICE OF SALE (Matured Loan) Reference is made to that certain deed of trust made by Elemental Urban Living, LLC (Elemental) as the Grantor; Lawyers Title of Oregon, LLC is the trustee; and L&M Recreation, LLC (L&M) is the beneficiary under that certain Deed of Trust dated September 1, 2015, recorded on September 2, 2015, as document number 2015-113513 in the records of Multnomah County, Oregon, covering the following described real property situated in the above-mentioned county and state, to wit: The East 1/2 of Lots 3 and 4, Block 3, STRATFORD-SYDNEY ADDITION, in the City of Portland, County of Multnomah and State of Oregon Property Address: 3413, 3417 & 3419 SE Division Street, Portland OR 97202 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 Oregon Revised Statutes 86.752; the basis for default for which foreclosure is made is grantor’s failure to pay the loan in full upon maturity, along with failure to pay real-property taxes. By reason of the default, all sums owing on the obligation secured by the trust deed are immediately due and payable, those sums being the following as of February 28, 2018, to-wit: PRINCIPAL: $1,453,450.00 INTEREST: $251,130.88 ADDITIONAL CONSIDERATION: $24,200.00 LATE FEES: Accruing LEGAL EXPENSES/COSTS: Accruing INSURANCE: Accruing PROPERTY TAXES (plus interest to expenses if paid by Beneficiary): $20,840.37 Total: $1,751,121.25 Interest Continues to accrue at the stated rate of 12% per annum. WHEREFORE, notice is hereby given that the undersigned trustee will on August 15, 2018, at the hour of 1:00 p.m., in accord with the standard of time established by ORS 187 .110, at the front of the main entrance of the at the front of the main entrance of the Multnomah County Courthouse, 1021 SW Fourth Avenue, Portland, Oregon 97204, sell at public auction to the highest bidder for cash the interest in the real property described above which the grantor has or had power to convey at the time of the execution by grantor of the trust deed together with any interest which the grantor’s or grantor’s successors in interest acquired after the execution of the trust deed, to satisfy the foregoing obligations thereby secured and the costs and expenses of the 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 by payment of the entire amount then due and by paying all costs and expenses actually incurred in enforcing the obligation and trust deed, together with trustee and attorney fees not exceeding the amounts provided by ORS 86.778. NOTICE TO TENANTS: If you are a tenant of this property, foreclosure could affect your rental agreement. A purchaser who buys this property at a foreclosure sale has the right to require you to move out after giving you notice of the requirement. If you do not have a fixed-term lease, the purchaser may require you to move out after giving you a 30-day notice on or after the date of the sale. If you have a fixed-term lease, you may be entitled to receive after the date of the sale a 60-day notice of the purchaser’s requirement that you move out. To be entitled to either a 30-day or 60-day notice, you must give the trustee of the property written evidence of your rental agreement at least 30 days before the date first set for the sale. If you have a fixed-term lease, you must give the trustee a copy of the rental agreement. If you do not have a fixed-term lease and cannot provide a copy of the rental agreement, you may give the trustee other written evidence of the existence of the rental agreement. The date that is 30 days before the date of the trustee’s sale is mentioned above. The name of the trustee and the trustee’s mailing address are listed on this notice. Federal law may grant you additional rights, including a right to a longer notice period. Consult a lawyer for more information about your rights under federal law. You have the right to apply your security deposit and any rent you prepaid toward your current obligation under your rental agreement. If you want to do so, you must notify your landlord in writing and in advance that you intend to do so. If you believe you need legal assistance with this matter, you may contact the Oregon State Bar and ask for the lawyer referral service at 800-452-7636. If you have a low income and meet federal poverty guidelines, you may be eligible for free legal assistance. 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 by payment to the beneficiary of the entire amount then due and by paying all costs and expenses actually incurred in enforcing the obligation and trust deed, together with trustee’s and attorney fees not exceeding the amounts provided by ORS 86.778. 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: April 3, 2018 James Bruce, Trustee Published Apr. 27, May 4, 11 & 18, 2018. BT44243

ad: 44243

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2018/04/27

End Date: 2018/05/18

City: PORTLAND

County: Multnomah