TRUSTEE’S NOTICE OF SALE TS No. OR06000003-14-2 APN 01108241 TO No 170373134-OR-MSI Reference is made to that certain Trust Deed made by, STEPHEN E. RESER, as Grantor to FIRST AMERICAN TITLE as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. (MERS), as designated nominee for DIRECTORS MORTGAGE, INC., Beneficiary of the security instrument, its successors and assigns, dated as of February 4, 2014 and recorded on February 13, 2014 as Instrument No. 2014-006759 and the beneficial interest was assigned to PennyMac Loan Services, LLC and recorded November 17, 2017 as Instrument Number 2017-078100 of official records in the Office of the Recorder of Clackamas County, Oregon to-wit: APN: 01108241 THE NORTHERLY 50 FEET OF LOT 6 AND THE SOUTHERLY 25 FEET OF LOT 7, BLOCK 13, METZLER AND HART`S ADDITION TO MOLALLA, IN THE CITY OF MOLALLA, COUNTY OF CLACKAMAS AND STATE OF OREGON, SAID NORTHERLY 50 FEET TO BE DETERMINED BY A LINE DRAWN 50 FEET FROM AND PARALLEL WITH THE NORTHERLY LINE OF SAID LOT 6 AND SAID SOUTHERLY 25 FEET TO BE DETERMINED BY A LINE DRAWN 25 FEET FROM AND PARALLEL WITH THE SOUTHERLY LINE OF SAID LOT 7. Commonly known as: 529 HART STREET, MOLALLA, OR 97038 Both the Beneficiary, PennyMac Loan Services, LLC, 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): 7 Monthly Payment(s) from 07/01/2014 to 01/01/2015 at $1,105.78 12 Monthly Payment(s) from 02/01/2015 to 01/01/2016 at $1,126.88 12 Monthly Payment(s) from 02/01/2016 to 01/01/2017 at $1,402.01 12 Monthly Payment(s) from 02/01/2017 to 01/01/2018 at $1,758.27 3 Monthly Payment(s) from 02/01/2018 to 04/01/2018 at $1,268.65 Monthly Late Charge(s): 1 Monthly Late Charge(s) 03/30/2018 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 $184,115.50 together with interest thereon at the rate of 4.62500% per annum from June 1, 2014 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 August 7, 2018 at the hour of 11:00 AM, Standard of Time, as established by Section 187.110, Oregon Revised Statues, at the arbor & water feature located immediately on the north side of the Clackamas County Courthouse steps, 807 Main Street, Oregon City, OR 97045 County of Clackamas, 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: 03/30/2018 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 38810, Pub Dates: 05/09/2018, 05/16/2018, 05/23/2018, 05/30/2018, SANDY POST. Published May 9, 16, 23 & 30, 2018. SP41944

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Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2018/05/09

End Date: 2018/05/30

Court Number: TS No. OR06000003-14-2


County: Clackamas