TRUSTEE’S NOTICE OF SALE
TS No.: 035464-OR Loan No.: ******3209 Reference is made to that certain trust deed (the “Deed of Trust”) executed by CARL E COCHRAN AND SANDRA J COCHRAN, HUSBAND AND WIFE, as Grantor, to FIRST AMERICAN TITLE INSURANCE COMPANY OF OREGON, as Trustee, in favor of WACHOVIA MORTGAGE, FSB, ITS SUCCESSORS AND/OR ASSIGNEES, as Beneficiary, dated 2/16/2008, recorded 2/26/2008, as Instrument No. 200803173, in the Official Records of Yamhill County, Oregon, which covers the following described real property situated in Yamhill County, Oregon: THE LAND REFERRED TO IN THIS POLICY IS SITUATED IN THE STATE OF OR, COUNTY OF YAMHILL, CITY OF CARLTON AND DESCRIBED AS FOLLOWS: PARCEL I: COMMENCING AT A POINT 60 FEET NORTH AND 15 FEET WEST OF THE NORTHWEST CORNER OF BLOCK BO. 1, KUTCH;S SECOND ADDITION TO THE TOWN OF CARLTON, YAMHILL COUNTY, OREGON, RUNNING THENCE NORTH 72 1/2 FEET; THENCE EAST 90 FEET; THENCE SOUTH 72 1/2 FEET; THENCE WEST 90 FEET TO THE POINT OF BEGINNING. PARCEL II: BEGINNING 60 FEET NORTH AND 75 FEET EAST OF THE NORTHWEST CORNER OF BLOCK NO. 1, KUTCH’S SECOND ADDITION TO CARLTON; THENCE NORTH 72.5 FEET TO THE TRUE POINT OF BEGINNING; THENCE NORTH 100 FEET TO THE NORTH LINE OF BLOCK NO. 2 OF SCOTT’S ADDITION; THENCE WEST 75 FEET TO THE NORTHWEST CORNER OF SAID BLOCK; THENCE SOUTH 100 FEET TO THE SOUTHWEST CORNER OF SAID BLOCK; THENCE EAST 75 FEET TO THE TRUE POINT OF BEGINNING. APN: R3421AA 00500 // 91894 Commonly known as: 600 N KUTCH ST CARLTON, OR 97111-9481 The current beneficiary is: Wells Fargo Bank, N.A. 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:
12/01/14 thru 02/15/16 15 $1,927.25 $28,908.75
Late Charges: $314.32
Beneficiary Advances: $0.00
Foreclosure Fees and Expenses: $0.00
Total Required to Reinstate: $29,223.07
TOTAL REQUIRED TO PAYOFF: $248,587.84
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 $223,171.92 together with interest thereon at the rate of 6.6 % per annum, from 11/1/2014 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 6/30/2016, at the hour of 11:00 AM, standard time, as established by ORS 187.110, AT THE 5TH STREET ENTRANCE TO THE YAMHILL COUNTY COURTHOUSE, 535 E 5TH ST, MCMINNVILLE, OR 97128, 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: 2/25/2016 CLEAR RECON CORP 621 SW Morrison Street, Suite 425, Portland, OR 97205. 858-750-7600.
Published Mar. 2, 9, 16 & 23, 2016.