Trustee’s Notice of Sale

TRUSTEE’S NOTICE OF SALE Reference is made to that certain trust deed made by Alma Holdings, LLC, an Oregon limited liability company, as grantor, to Dean S. Kaufman, Attorney at Law, as trustee, in favor of PacWest Funding, Inc., an Oregon corporation, dba Precision Capital, as beneficiary, dated January 20, 2016, and recorded on January 28, 2016, as Instrument No. 2016-013686 of the Official Records of Clackamas County, Oregon and that certain Assignment of Trust Deed by Beneficiary recorded on February 29, 2016 as Instrument No. 2016-013686 in the Official Records of Clackamas County, Oregon wherein PC-0116-H Joint Venture is named as successor beneficiary under said trust deed, and that certain Modification of Note and Trust Deed dated August 26, 2016, and recorded on August 29, 2016 as Instrument No. 2016-058785 in the Official Records of Clackamas County, Oregon covering the following described real property situated in said county and state, to-wit: PARCEL I: THE SOUTHEAST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 25, TOWNSHIP 1 SOUTH, RANGE 4 EAST, OF THEWILLAMETTE MERIDIAN, COUNTY OF CLACKAMAS, STATE OF OREGON. EXCEPT THEREFROM THAT PORTION DESCRIBED IN DEED TO ROBERT T. LINNEY, RECORDED NOVEMBER 7, 1907 IN BOOK 109, PAGE 5. ALSO EXCEPT THEREFROM THAT PORTION DESCRIBED IN DEED TO GEORGE HEUBLEIN, RECORDED SEPTEMBER 23, 1985, AS FEE NO. 85033678. PARCEL IA: A TRACT OF LAND SITUATED IN THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONEQUARTER OF SECTION 25, TOWNSHIP 1 SOUTH, RANGE 4 EAST, OF THE WILLAMETTE MERIDIAN, IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE- QUARTER OF SAID SECTION 25, RUNNING THENCE NORTH 155 FEET TO A POINT; THENCE EAST 1320 FEET TO A POINT IN THE CENTER OF THE OLD COUNTY ROAD, SAID POINT BEING MARKED BY A 1-1/4 INCH IRON PIPE DRIVEN 6 INCHES BELOW THE SURFACE OF THE GROUND, SAID POINT BEING THE BEGINNING OF THE TRACT TO BE DESCRIBED HEREIN RUNNING THENCE NORTH 1165 FEET, MORE OR LESS, TO THE NORTHEAST CORNER OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SAID SECTION 25; THENCEWEST 906.4 FEET TO A POINT MARKED BY AN IRON PIPE; THENCE SOUTHEASTERLY 1145.2 FEET TO A POINT; THE SAID POINT BEING 65.9 FEET NORTH AND 584.6 FEET WEST OF THE POINT OF BEGINNING; THENCE SOUTH 47deg. EAST 200 FEET TO A POINT; THENCE NORTH 83deg.30′ EAST 300 FEET; THENCE NORTH 67deg.30′ EAST 150 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THAT PORTION LYINGWITHIN THE BOUNDARIES OF PUBLIC ROADS. PARCEL II: A TRACT OF LAND SITUATED IN THE SOUTHWEST ONE-QUARTER OF ONE-QUARTER SOUTHEAST ONE- QUARTER OF SECTION 25, TOWNSHIP 1 SOUTH, RANGE 4 EAST, OF THE WILLAMETTE MERIDIAN, IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT IN THE CENTER OF THE COUNTY HIGHWAY, SAID POINT BEARING NORTH 824.5 FEET DISTANT AND SOUTH 51deg. EAST 494.65 FEET DISTANT FROM THE SOUTHWEST CORNER OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 25, TOWNSHIP 1 SOUTH, RANGE 4 EAST, OF THEWILLAMETTE MERIDIAN; THENCE NORTH 42deg. EAST A DISTANCE OF 112.9 FEET TO A STAKE; THENCE SOUTH 83deg.30′ EAST A DISTANCE OF 217.5 FEET, MORE OR LESS, TO THE WEST LINE OF THE OREGON BULB FARM; THENCE IN A SOUTHEASTERLY DIRECTION TRACING SAIDWEST LINE OF THE OREGON BULB FARM A DISTANCE OF 333.5 FEET, MORE OR LESS, TO A POINT IN THE CENTER OF THE COUNTY HIGHWAY; THENCE IN A NORTHWESTERLY DIRECTION TRACING THE CENTER LINE OF SAID COUNTY HIGHWAY TO THE POINT OF BEGINNING; SAID TRACT OF LAND LYING NORTH OF THE COUNTY HIGHWAY IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON. EXCEPT THEREFROM THOSE PORTIONS LYING WITHIN THE BOUNDARIES OF PUBLIC ROADS. PARCEL III: A TRACT OF LAND SITUATED IN THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONEQUARTER OF SECTION 25, TOWNSHIP 1 SOUTH, RANGE 4 EAST, OF THE WILLAMETTE MERIDIAN, IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE- QUARTER OF SAID SECTION 25; THENCE NORTH TO THE CENTER OF PORTLAND PIPE LINE ROAD; THENCE FOLLOWING SAID ROAD IN A NORTHWESTERLY DIRECTION TO A POINT OF INTERSECTIONWITH THE EASTERLY LINE OF THAT CERTAIN TRACT DESCRIBED IN DEED TO OREGON BULB FARMS, INC., RECORDED MAY 9, 1931, FEE NO. 95762, IN BOOK 211, PAGE 254; THENCE SOUTHERLY ALONG SAID EASTERLY LINE TO A POINT IN THE NORTHERLY LINE OF THE COUNTY ROAD; THENCE EASTERLY AND SOUTHERLY ALONG SAID NORTHERLY AND EASTERLY LINES OF SAID COUNTY ROAD TO A POINT IN THE SOUTHERLY LINE OF SAID SECTION 25; THENCE EASTERLY ALONG SAID SECTION LINE TO THE POINT OF BEGINNING. EXCEPTING THEREFROM THOSE PORTIONS LYING WITHIN THE BOUNDARIES OF PUBLIC ROADS. Both the Beneficiary and the successor 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 86.752(3); the default for which the foreclosure is made is Grantors’ failure to pay when due the following sums: $31,749.73 per month beginning March 25, 2018 and continuing each month thereafter. 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 $2,930,629.93, together with accrued interest through May 9, 2018 in the amount of $57,103.32, with interest continuing to accrue thereafter at the rate of $1,057.47 per diem until paid, late charges in the sum of $1,587.49 and such other costs, charges 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 successor Trustee will, on October 15, 2018, at the hour of 10:00 A.M., in accord with the standard of time established by ORS 187.110, Clackamas County Courthouse front entrance, 807 Main Street, Oregon City, Oregon, sell at public auction to the highest bidder for cash the interest in said described real property which the Grantor had or had power to convey at the time of the execution by them 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 86.778 has the right, at any time prior to five days before the date last set for the sale, to have this foreclosure proceeding dismissed 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) 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 86.778. 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 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 said Trust Deed, and the words Trustee and Beneficiary include their respective successors in interest, if any. THE DEBT DESCRIBED IN THIS TRUSTEE’S NOTICE OF SALE WILL BE ASSUMED TO BE VALID UNLESS WITHIN 30 DAYS AFTER THE RECEIPT OF THIS NOTICE THE PERSON(S) OBLIGATED OR ALLEGEDLY OBLIGATED TO PAY THE DEBT DISPUTES IN WRITING THE VALIDITY OF THE DEBT OR SOME PORTION OF IT. If the Successor Trustee is notified in writing within the 30 day period that the debt or some portion of it is disputed, the Successor Trustee will obtain verification of the debt. Then, a copy of the verification will be mailed by the Successor Trustee to the person(s) notifying him of the dispute. Upon written request within the 30 day period, the Successor Trustee will provide the name and address of the original creditor if different than the current creditor named above. Written requests to the Successor Trustee should be delivered to: Bradley S. Copeland, Arnold Gallagher PC, PO Box 1758, Eugene, OR 97440-1758. THIS COMMUNICATION IS FROM A DEBT COLLECTOR AND IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. DATED: May 21, 2018 Bradley S. Copeland, Successor Trustee (541) 484-0188 Published 8/01, 8/08, 8/15, and 8/22/2018 SP61671

ad: 61671

Publication: Gresham Legals 2

Section: Legals

Start Date: 2018/08/01

End Date: 2018/08/22

Owner: Arnold Gallagher, PC

City: EUGENE

County: Clackamas