Trustee’s Notice of Sale

TRUSTEE’S NOTICE OF SALE TS No. OR06000040-16-1 APN R58507 / 082W15B 04300 TO No 8685436 Reference is made to that certain Trust Deed made by, DAVID L. TEAL, UNMARRIED MAN. as Grantor to FIRST AMERICAN TITLE as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. (MERS), as designated nominee for MORTGAGE INVESTORS CORPORATION, Beneficiary of the security instrument, its successors and assigns, dated as of March 1, 2011 and recorded on March 22, 2011 in Reel 3269, on Page 339 and the beneficial interest was assigned to FREEDOM MORTGAGE CORPORATION and recorded November 8, 2013 as Instrument Number 2013 00050092 in Reel 3559, on Page 375 of official records in the Office of the Recorder of Marion County, Oregon to-wit: APN: R58507 / 082W15B 04300 LOT 2, BLOCK 2, RADELL HEIGHTS, MARION COUNTY, OREGON. Commonly known as: 6826 AUMSVILLE HWY SE, SALEM, OR 97317 Both the Beneficiary, FREEDOM MORTGAGE CORPORATION, and the Trustee, Nathan F. Smith, Esq., OSB #120112, have elected to sell the said real property to satisfy the obligations secured by said Trust Deed and notice has been recorded pursuant to Section 86.735(3) of Oregon Revised Statutes. The default for which the foreclosure is made is the Grantor’s failure to pay: Failed to pay payments which became due Monthly Payment(s): 8 Monthly Payment(s) from 07/01/2016 to 02/01/2017 at $1,586.74 Monthly Late Charge(s): 7 Monthly Late Charge(s) from 07/01/2016 to 01/01/2017 at $361.34 By this reason of said default the Beneficiary has declared all obligations secured by said Trust Deed immediately due and payable, said sums being the following, to-wit: The sum of $254,214.77 together with interest thereon at the rate of 4.37500% per annum from June 1, 2016 until paid; plus all accrued late charges thereon; and all Trustee’s fees, foreclosure costs and any sums advanced by the Beneficiary pursuant to the terms of said Trust Deed. Wherefore, notice is hereby given that, the undersigned Trustee will on June 22, 2017 at the hour of 11:00 AM, Standard of Time, as established by Section 187.110, Oregon Revised Statues, High Street entrance of the Marion County Courthouse, 100 High St NE, Salem, OR 97301 County of Marion, sell at public auction to the highest bidder for cash the interest in the said described real property which the Grantor had or had power to convey at the time of the execution by him of the said Trust Deed, together with any interest which the Grantor or his successors in interest acquired after the execution of said Trust Deed, 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 Section 86.753 of Oregon Revised Statutes has the right to have the foreclosure proceeding dismissed and the Trust Deed reinstated by payment to the Beneficiary of the entire amount then due (other than such portion of said principal as would not then be due had no default occurred), together with the costs, Trustee’s or attorney’s fees and curing any other default complained of in the Notice of Default by tendering the performance required under the obligation or Trust Deed, at any time prior to 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 said Trust Deed, the words Trustee and Beneficiary includes their respective successors in interest, if any. Dated: February 7, 2017 By: Nathan F. Smith, Esq., OSB #120112 Successor Trustee Malcolm & Cisneros, A Law Corporation Attention: Nathan F. Smith, Esq., OSB #120112 c/o TRUSTEE CORPS 17100 Gillette Ave, Irvine, CA 92614 949-252-8300 FOR SALE INFORMATION PLEASE CALL: In Source Logic at 702-659-7766 Website for Trustee’s Sale Information: www.insourcelogic.comISL Number 28312, Pub Dates: 03/29/2017, 04/05/2017, 04/12/2017, 04/19/2017, WOODBURN INDEPENDENT. Published Mar. 29, Apr. 5, 12 & 19, 2017. WI15885136

ad: 15885136

Publication: Non-Judicial (Trustee Sales)

Section: Real Estate

Start Date: 03/29/2017

End Date: 04/19/2017

Court Number: TS No. OR06000040-16-1

Owner: In Source Logic


County: MARION

Full Description: APN: R58507 / 082W15B 04300 LOT 2, BLOCK 2, RADELL HEIGHTS, MARION COUNTY, OREGON.