TRUSTEE’S NOTICE OF SALE
TS No.: 035315-OR Loan No.: ******6641 Reference is made to that certain trust deed (the “Deed of Trust”) executed by GARY J. MONACO, as Grantor, to FIRST AMERICAN TITLE INSURANCE COMPANY OF OREGON, as Trustee, in favor of ARGENT MORTGAGE COMPANY, LLC, as Beneficiary, dated 2/14/2005, recorded 2/18/2005, as Instrument No. 2005-014686, in the Official Records of Clackamas County, Oregon, which covers the following described real property situated in Clackamas County, Oregon: PARCEL I: A PART OF SECTION 33, TOWNSHIP 1 SOUTH, RANGE 3 EAST OF THE WILLAMETTE MERIDIAN, IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A HEADBOLT IN THE ONE-QUARTER SECTION CORNER OF SECTIONS 33 AND 32; THENCE NORTH 89° 11′ EAST ALONG THE EAST AND WEST CENTERLINE OF SECTION 33, A DISTANCE OF 713 FEET TO AN IRON ROD WHICH IS THE TRUE PLACE OF BEGINNING; THENCE SOUTH 0°49′ EAST, 125 FEET TO AN IRON ROD; THENCE ALONG AN ARC TO THE RIGHT A DISTANCE OF 56.06 FEET, HAVING A CENTRAL ANGLE OF 42°50′, A RADIUS OF 75 FEET AND A CHORD OF 54.77 FEET TO AN IRON ROD; THENCE SOUTH 0°49′ EAST 124.01 FEET TO AN IRON PIPE; THENCE NORTH 89° 11′ EAST 170 FEET TO AN IRON PIPE; THENCE NORTH 0°49′ WEST 106 FEET TO AN IRON PIPE; T HENCE NORTH 2°07’47” WEST 101.95 FEET TO AN IRON PIPE; THENCE NORTH 0°49′ WEST 33.71 FEET TO AN IRON PIPE; THENCE NORTH 48°41′ WEST 125 FEET TO THE PLACE OF BEGINNING. PARCEL II: BEGINNING AT A HEADBOLT IN THE ONE-QUARTER SECTION CORNER BETWEEN SECTIONS 33 AND 32; THENCE NORTH 89°11′ EAST ALONG THE EAST AND WEST CENTERLINE OF SECTION 33, A DISTANCE OF 713 FEET; THENCE SOUTH 49°41′ EAST 125 FEET; THENCE SOUTH 0°49′ EAST, 33.71 FEET; THENCE SOUTH 42°07’47” EAST 101.95 FEET TO AN IRON PIPE AND THE TRUE POINT OF BEGINNING OF THE HEREINAFTER DESCRIBED PROPERTY; THENCE SOUTH 0°49′ EAST 106 FEET; THENCE SOUTH 89°11′ WEST 170 FEET; THENCE NORTH 0°49″ WEST 124.01 FEET; THENCE ALONG THE ARC OF A CURVE TO THE RIGHT, HAVING A CENTRAL ANGLE OF 42°50′, A RADIUS OF 75 FEET, A DISTANCE OF 61.74 FEET; THENCE SOUTH 89°11′ WEST 130 FEET; THENCE SOUTH 0°49′ EAST 45 FEET; THENCE NORTH 89°11′ EAST 50 FEET; THENCE SOUTH 53°48’46” EAST 175.29 FEET; THENCE NORTH 89°11′ EAST, 371 FEET; THENCE NORTH 0°49′ WEST 70 FEET, MORE OR LESS, TO THE SOUTHERLY RIGHT OF WAY LINE OF COUNTY ROAD; THENCE NORTHWESTERLY ALONG SOUTHERLY RIGHT OF WAY LINE OF COUNTY ROAD TO THE PLACE OF BEGINNING. APN: 13E33C 00600 / 00141938 Commonly known as: 20480 SE DELIA ST DAMASCUS, OR 97089 The current beneficiary is: U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR STRUCTURED ASSET INVESTMENT LOAN TRUST, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-7 Both the beneficiary and the trustee have elected to sell the above-described real property to satisfy the obligations secured by the Deed of Trust and notice has been recorded pursuant to ORS 86.752(3). The default for which the foreclosure is made is the grantor’s failure to pay when due, the following sums:
Dates: No. Amount Total:
06/01/13 thru 01/01/16 32 $2,192.03 $70,144.96
Late Charges: 0
Beneficiary Advances: $1,793.00
Foreclosure Fees and Expenses: $0.00
Total Required to Reinstate: $71,937.96
TOTAL REQUIRED TO PAYOFF: $321,144.16
By reason of the default, the beneficiary has declared all obligations secured by the Deed of Trust immediately due and payable, including: the principal sum of $261,114.54 together with interest thereon at the rate of 6.75 % per annum, from 5/1/2013 until paid, plus all accrued late charges, and all trustee’s fees, foreclosure costs, and any sums advanced by the beneficiary pursuant to the terms and conditions of the Deed of Trust Whereof, notice hereby is given that the undersigned trustee, CLEAR RECON CORP., whose address is 621 SW Morrison Street, Suite 425, Portland, OR 97205, will on 6/7/2016, at the hour of 11:00 AM, standard time, as established by ORS 187.110, AT THE ARBOR & WATER FEATURE LOCATED IMMEDIATELY ON THE NORTH SIDE OF THE CLACKAMAS COUNTY COURTHOUSE STEPS, 807 MAIN STREET, OREGON CITY, OR 97045, sell at public auction to the highest bidder for cash the interest in the above-described real property which the grantor had or had power to convey at the time it executed the Deed of Trust, together with any interest which the grantor or his successors in interest acquired after the execution of the Deed of Trust, 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 to have the foreclosure proceeding dismissed and the Deed of Trust reinstated by payment to the beneficiary of the entire amount then due (other than the portion of principal that would not then be due had no default occurred), together with the costs, trustee’s and attorneys’ fees, and curing any other default complained of in the Notice of Default by tendering the performance required under the Deed of Trust at any time not later than five days before the date last set for sale. 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 plural, the word “grantor” includes any successor in interest to the grantor as well as any other persons owing an obligation, the performance of which is secured by the Deed of Trust, the words “trustee” and ‘beneficiary” include their respective successors in interest, if any. Dated: 1/20/2016 CLEAR RECON CORP 621 SW Morrison Street, Suite 425, Portland, OR 97205. 858-750-7600.
Published Feb. 3, 10, 17 & 24, 2016.