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: GRANTOR: 8455 SW BEAVERTON HILLSDALE HWY, LLC TRUSTEE: FIRST AMERICAN 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 10, FLORA VISTA, in the County of Washington and the State of Oregon. 3. RECORDING: The Deed of Trust was recorded on June 20, 2013, as Instrument No. 2013-056048, Official Records in the county clerk’s office of Washington County, Oregon; (hereinafter Trust Deed). 4. ELECTION TO SELL AND NOTICE OF DEFAULT: Take notice that both BOTW 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: Grantor has failed to pay the principal amount of its obligations to BOTW when due and he has failed to pay accrued interest on obligations to BOTW within 5 days of when due. Moreover, Grantor 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. Specifically, Grantor is in default for failure to pay the June 19, 2018, final payment; the loan fully matured on that date, pursuant to the terms of a Promissory Note dated June 19, 2013, and the instruments evidencing BOTW’s Loan No. 0000000018 (hereinafter Loan) secured by the Trust Deed, and other defaults of its obligations to BOTW, to include, but not limited to Grantor’s failure to provide BOTW with financial statements and other documents, records, and information pursuant to the loan documents (Other Documentation), and BOTW seeks to foreclose the Trust Deed for Grantor’s defaults; the total amount past due as of December 5, 2018, was $486,199.41, 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 BOTW. 6. SUM OWING ON OBLIGATION SECURED BY TRUST DEED: By reason of the default, BOTW has declared all sums owing on the obligation secured by the Trust Deed immediately due and payable, said sums being the following, to-wit: Payoff in the sum of $486,199.41 as of December 5, 2018, plus per diem thereafter of $55.15608, plus taxes, liens, assessments, property expenditures, insurance, accruing interest, late fees, attorney’s and trustee’s fees and costs incurred by BOTW or its assigns. 7. SALE: The sale shall be held: On the Date: Friday, May 10, 2019 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 BOTW credit bid and/or cash, the real property described above which the Grantor had or had power to convey at the time of the execution by Grantor of the Trust Deed together with any interest which the Grantor or Grantor’s 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 BOTW, or BOTW’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 BOTW include their respective successors in interest, if any, and any grammatical changes apply equally to businesses and to individuals. DATED this 12th day of December, 2018. Aaron J. Bell, OSB No. 871649 Successor Trustee Published Mar. 5, 12, 19 & 26, 2019. BT96625

ad: 96625

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2019/03/05

End Date: 2019/03/26

City: WILSONVILLE

County: Washington