TRUSTEE’S NOTICE OF SALE A default

TRUSTEE’S NOTICE OF SALE A default has occurred under the terms of a Trust Deed made by Graceland, LLC, an Oregon limited liability company, Grantor, Cascade Title Company, the Trustee, and DeWayne Wafford and Daphne J. Wafford, Trustees of the Wafford Family Revocable Trust, Beneficiary, under that certain Trust Deed dated November 18, 2016 and recorded in the official records of Multnomah County, Oregon on November 22, 2016 as Document No. 2016-146481. The above-described Trust Deed concerns the following described real property, to wit: LOTS 1, 2 AND 3, BLOCK 2, GRACELAND, IN THE CITY OF PORTLAND, COUNTY OF MULTNOMAH AND STATE OF OREGON. EXCEPTING THEREFROM A PARCEL OF LAND LYING IN LOTS 1, 2 AND 3, BLOCK 2, GRACELAND, MULTNOMAH COUNTY, OREGON, THE SAID PARCEL BEING DESCRIBED AS FOLLOWS: BEGINNING ON THE NORTH LINE OF SAID LOT 1 AT A POINT 8.27 FEET WEST OF THE NORTHEAST CORNER OF SAID LOT 1; THENCE EAST ALONG SAID NORTH LINE 8.27 FEET TO SAID NORTHEAST CORNER; THENCE SOUTH ALONG THE EAST LINE OF SAID BLOCK 2, A DISTANCE OF 135 FEET TO THE SOUTHEAST CORNER OF SAID LOT 3; THENCE WEST ALONG THE SOUTH LINE OF SAID LOT 3, A DISTANCE OF 12 FEET; THENCE NORTHERLY IN A STRAIGHT LINE TO THE POINT OF BEGINNING. FURTHER EXCEPTING THEREFROM A PARCEL OF LAND LYING IN LOT 1, BLOCK 2, GRACELAND, MULTNOMAH COUNTY, OREGON, THE SAID PARCEL BEING DESCRIBED AS FOLLOWS: BEGINNING ON THE NORTH LINE OF SAID LOT 1 AT A POINT 23.69 FOOT WEST OF THE NORTHEAST CORNER OF SAID LOT 1; THENCE EAST ALONG SAID NORTH LINE 15.42 FEET TO THE NORTHWEST CORNER OF PARCEL I; THENCE SOUTH ALONG THE WEST LINE OF PARCEL I, A DISTANCE OF 15.42 FEET; THENCE NORTHWESTERLY ALONG A 15 FOOT RADIUS LEFT 23.98 FEET TO THE POINT OF BEGINNING. Commonly known as 4509-4511 SE Cesar E. Chavez Blvd., Portland, OR 97202. 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 and Election to Sell has been recorded pursuant to Oregon Revised Statutes 86.735(3); the default for which the foreclosure is made is Grantor’s failure to pay the following amounts: There is a default by Grantor, performance of which is secured by the Trust Deed with respect to provisions therein, which authorizes sale in the event of default of such provision. The default for which foreclosure is made is Grantor’s failure to pay monthly payments in the amount of $590.16, collection fees of $12.00 commencing with the payment that became due March 23, 2018 and continuing each month thereafter. By reason of the default, the Beneficiary has declared all sums owing on the obligation secured by the Trust Deed immediately due and payable, those sums being the principal amount of $450,000.00; plus unpaid interest as of March 22, 2018 in the amount of $1,213.48; plus interest on the principal amount at the rate of 12% per annum from March 23, 2018, until paid; plus late fees, a default letter fee in the amount of $100.00; amounts advanced by the Beneficiary, if any, pursuant to the Trust Deed or applicable law; and attorney fees and foreclosure costs incurred. Notice hereby is given that the Beneficiary and Trustee, by reason of the default, have elected and do hereby elect to foreclose the Trust Deed by advertisement and sale pursuant to ORS 86.705 to 86.795, and to cause to be sold at public auction to the highest bidder for cash the interest in the described property which the Grantor had, or had the power to convey, at the time of the execution by Grantor of the Trust Deed, together with any interest the Grantor or Grantor’s successor in interest acquired after the execution of the Trust Deed, to satisfy the obligations secured by the Trust Deed and the expenses of the sale, including the compensations of the Trustee as provided by law, and the reasonable fees of Trustee’s attorneys. The sale will be held at the hour of 10:00 a.m. in accordance with the standard of time established by ORS 187.110 on Wednesday, October 10, 2018 at the following place: inside the front entrance of the Multnomah County Courthouse located at 1021 SW 4th Avenue, Portland, Oregon which is the hour, date and place set for sale. 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 then due, other than such portion of the principal as would not then be due had no default occurred; curing any other default that is capable of being cured, by tendering the performance required under the obligation or Trust Deed; and paying all costs and expenses actually incurred in enforcing the obligation and Trust Deed, together with the Trustee’s and attorney fees not exceeding the amount provided in ORS 86.753. 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. NOTICE REGARDING POTENTIAL HAZARDS (this notice is required for notices of sale sent on or after January 1, 2015): 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. The Fair Debt Collection Practices Act requires that we state the following: This is an attempt to collect a debt, and any information obtained will be used for that purpose. If a discharge has been obtained by any party through bankruptcy proceedings: This shall not be construed to be an attempt to collect the outstanding indebtedness or hold you personally liable for the debt. DATED May 8, 2018. Robert A. Smejkal, Trustee, PO Box 1758, Eugene, OR 97440, Phone: 541-345-3330, email: bob@attorneysmejkal.com. Published Aug. 14, 21, 28 & Sep. 4, 2018. OL63556

ad: 63556

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2018/08/14

End Date: 2018/09/04

City: EUGENE

County: Multnomah