TRUSTEE’S NOTICE OF SALE
TS No.: 038134-OR Loan No.: ******6633 Reference is made to that certain trust deed (the “Deed of Trust”) executed by DAVID PARR, A MARRIED MAN, as Grantor, to FIRST AMERICAN TITLE COMPANY OF OREGON, as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., SOLELY AS NOMINEE FOR THE MONEY SOURCE, INC DBA ENDEAVOR AMERICA LOAN SERVICES, ITS SUCCESSORS AND ASSIGNS, as Beneficiary, dated 9/15/2014, recorded 9/17/2014, as Instrument No. 2014-047443, in the Official Records of Clackamas County, Oregon, which covers the following described real property situated in Clackamas County, Oregon: PARCEL I: PART OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 26, TOWNSHIP 5 SOUTH, RANGE 2 EAST OF THE WILLAMETTE MERIDIAN, IN CLACKAMAS COUNTY, OREGON, DESCRIBED AS FOLLOWS: BEGINNING AT THE ONE-SIXTEENTH SECTION CORNER OF THE SECTION LINE BETWEEN SECTIONS 26 AND 35, AT A POINT 1307.00 FEET EAST OF THE ONE-QUARTER SECTION CORNER BETWEEN SAID SECTIONS 26 AND 35, TOWNSHIP 5 SOUTH, RANGE 2 EAST OF THE WILLAMETTE MERIDIAN; THENCE NORTH ON ONE-SIXTEENTH SECTION LINE 189.00 FEET, TO THE TRUE BEGINNING POINT OF TRACT HEREIN DESCRIBED; THENCE WEST 230.60 FEET; THENCE NORTH 233.20 FEET, MORE OR LESS, TO THE SOUTH SIDE OF A FORTY FOOT ROADWAY; THENCE SOUTHEASTERLY ALONG SOUTHERLY SIDE OF SAID ROADWAY, TO A POINT 133.90 FEET, MORE OR LESS NORTH OF THE TRUE POINT OF BEGINNING; THENCE SOUTH ON ONE-SIXTEENTH SECTION LINE 133.90 FEET, MORE OR LESS, TO THE TRUE POINT OF BEGINNING OF THE TRACT HEREIN DESCRIBED. PARCEL II: PART OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 26, TOWNSHIP 5 SOUTH, RANGE 2 EAST OF THE WILLAMETTE MERIDIAN, IN CLACKAMAS COUNTY, OREGON, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF THE SOUTHWEST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 26, TOWNSHIP 5 SOUTH, RANGE 2 EAST OF THE WILLAMETTE MERIDIAN; RUNNING THENCE NORTH ON THE ONE-SIXTEENTH SECTION LINE A DISTANCE OF 189.00 FEET; RUNNING THENCE WEST A DISTANCE OF 230.6 FEET; RUNNING THENCE SOUTH A DISTANCE OF 189.00 FEET TO THE SECTION LINE; RUNNING THENCE EAST ON THE SECTION LINE A DISTANCE OF 230.6 FEET TO THE PLACE OF BEGINNING. EXCEPTING THEREFROM ALL THAT PART OF THE ABOVE DESCRIBED TRACT LYING SOUTHERLY OF THE NORTHERLY LINE OF THE RIGHT OF WAY OF THE OSTRANDER RAILWAY AND TIMBER COMPANY, AS DESCRIBED IN THAT DEED RECORDED DECEMBER 22, 1943 IN BOOK 318, PAGE 180, CLACKAMAS COUNTY DEED RECORDS. PARCEL III: THAT PORTION OF THE SOUTHEAST ONE-QUARTER OF THE SOUTHEAST ONE-QUARTER OF SECTION 26, TOWNSHIP 5 SOUTH, RANGE 2 EAST OF THE WILLAMETTE MERIDIAN, IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON, DESCRIBED AS FOLLOWS: BEGINNING AT A POINT 1307.4 FEET EAST OF THE ONE-QUARTER SECTION CORNER BETWEEN SAID SECTIONS 26 AND 35, WHICH MARKS THE NORTHWEST CORNER OF THE NORTHEAST ONE-QUARTER OF THE NORTHEAST ONE-QUARTER OF SAID SECTION 35; THENCE NORTH PARALLEL WITH THE WEST LINE OF THE SOUTHEAST ONE-QUARTER OF SAID SECTION 26 TO THE NORTH LINE OF THE TRACT CONVEYED TO OSTRANDER RAILWAY AND TIMBER COMPANY BY DEED RECORDED IN BOOK 348, PAGE 57, CLACKAMAS COUNTY RECORDS, SAID POINT BEING THE TRUE POINT OF BEGINNING HEREIN; THENCE CONTINUING NORTH PARALLEL WITH THE WEST LINE OF THE SOUTHEAST ONE-QUARTER OF SAID SECTION 26, A DISTANCE OF 240.0 FEET, MORE OR LESS, TO THE SOUTHERLY RIGHT OF WAY LINE OF A 40 FOOT ROAD; THENCE SOUTHEASTERLY ALONG SAID RIGHT OF WAY LINE 181.0 FEET; THENCE SOUTH PARALLEL WITH THE WEST LINE OF THE SOUTHEAST ONE-QUARTER OF SAID SECTION 26, A DISTANCE OF 240.0 FEET, MORE OR LESS, TO THE NORTH LINE OF SAID OSTRANDER RAILWAY AND TIMBER COMPANY TRACT; THENCE NORTHWESTERLY ALONG SAID NORTH LINE, 181.0 FEET, MORE OR LESS, TO THE TRUE POINT OF BEGINNING. APN: 01111521 / 52E26D 03500 and 01111512 / 52E26D 03401 Commonly known as: 35324 S MOLALLA FOREST ROAD MOLALLA, OR 97038 The current beneficiary is: THE MONEY SOURCE INC. 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:
07/01/15 thru 01/01/16 7 $1,386.35 $9,704.45
Late Charges: $329.30
Beneficiary Advances: $75.00
Foreclosure Fees and Expenses: $986.00
Total Required to Reinstate: $11,094.75
TOTAL REQUIRED TO PAYOFF: $204,084.08
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 $194,178.05 together with interest thereon at the rate of 4.25 % per annum, from 6/1/2015 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 6/9/2016, 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: 1/27/2016 CLEAR RECON CORP 621 SW Morrison Street, Suite 425, Portland, OR 97205. 858-750-7600.
Published Feb. 11, 18, 25 & Mar. 3, 2016.