PAGE B4, KEIZERTIMES, MAY 29, 2015
public notices
TRUSTEE’S NOTICE OF SALE
TRUSTEE’S NOTICE
OF SALE
The Trust Deed described
herein is a residential trust
deed, as defi ned in ORS
86.705(6). This Notice of
Default could be subject to
the mandatory resolution
conference
requirements
applicable to residential
trust deeds being foreclosed
in Oregon after July 11,
2012. See ORS 86.726.
However, the lender and
current benefi ciary of the
Trust Deed is exempt from
the requirement, pursuant
to ORS 86.726(1)(b). A copy
of the benefi ciary exemption
affi davit for 2015 is on fi le
with the Oregon Department
of Justice.
A copy of the Exemption
Affi davit, required pursuant
to ORS 86.726(1)(b), was
recorded
on
behalf
of
Columbia State Bank, in
the real property records of
Marion County, Oregon on
February 23, 2015 in Reel
3674, at Page 344 and prior
to recordation of the Notice of
Default.
Reference is made to that
certain Trust Deed (hereinafter
“Trust Deed”) made by
Virginia R. Russell, as
Grantor, to West Coast Trust,
as Trustee, in favor of West
Coast Bank, as the original
Benefi ciary, dated October 17,
2001, recorded October 18,
2001, in the mortgage records
of Marion County, Oregon, in
reel 1851, at page 200, last
modifi ed by the Modifi cation
of Deed of Trust, made by
Virginia R. Russell, as Grantor,
to West Coast Bank, as
Lender, dated July 27, 2004,
recorded August 2, 2004,
in the mortgage records of
Marion County, Oregon as reel
2356, page 345, and covering
the following described real
property situated in the above-
mentioned county and state,
to wit:
A tract of land located
in Section 35, Township 6
South, Range 2 West of
the Willamette Meridian in
the County of Marion and
State of Oregon, being more
particularly
described
as
follows:
Beginning in the center of
Market Road No. 52 at a point
which is 976.80 feet South and
293.70 feet North 83˚ 21’ East
and 257.68 feet South 77˚
34’ East from the Northwest
corner of Section 34, Township
6 South, Range 2 West of the
Willamette Meridian in Marion
County, Oregon, and which
point is the Southeast corner
of land conveyed to Doalex
Corporation by deed recorded
in Volume 786, at Page 205,
Marion County Deed Records;
thence Northerly along the
East line of said Doalex land
a distance of 760 feet, more
or less, to the land conveyed
to Donald L. Stuart by deed
recorded in Volume 767 at
Page 400, Marion County
Deed
Records;
thence
North 84˚ 10’ East, along the
boundary of said Stuart land, a
distance of 688.21 feet, more
or less, to the West bank of
Little Pudding River; thence
Southerly and Easterly up
the West bank of said river
to a point which is 317.82
feet South 77˚ 34’ East and
25.10 feet South 79.55’ East
and 774.12 feet North 30˚
47’ East from the place of
beginning; thence South 30˚
47’ West 774.12 feet to the
center of said Market Road
No. 52; thence North 79˚ 55’
West along the center of said
road 25.10 feet; thence North
77˚34’ West along the center
of said road 317.82 feet to the
place of beginning.
Property Tax Account No.:
R19381
Real
property
or
its
address is commonly known
as 6609 Hazelgreen Rd NE,
Salem, OR 97305 (the “Real
Property”).
The undersigned hereby
disclaims any liability for any
incorrectness of the above-
described street address or
other common designation.
The
undersigned
as
successor trustee hereby
certifi es that no assignments
of the trust deed by the
Trustee or by the Benefi ciary
and no appointments of a
successor trustee have been
made except as recorded in
the mortgage records of the
county or counties in which
the above-described Real
Property is situated together
with appointing Collier Law
as the current successor
trustee; further, that no action
has been instituted to recover
the debt, or any part thereof,
now remaining secured by the
crossword
Trust Deed, or, if such action
has been instituted, such
action has been dismissed
except as permitted by ORS
86.752(7).
There is a default by the
Grantors or other persons
owing an obligation, the
performance of which is
secured by the Trust Deed, or
by the successor in interest,
with respect to provisions
therein which authorize sale
in the event of default of
such provision; the default for
which foreclosure is made is
grantors’ failure to pay when
due the following sums:
Loan No.: 18000477
Failure to make full regular
monthly payments on May
5, 2014, and each month
thereafter, pursuant to the
terms of the Deed of Trust
securing that certain Credit
Agreement dated October 17,
2001 as modifi ed on July 27,
2004, and referenced therein
(“Credit Agreement”).
The
existing
payment
defaults for failure to timely
make full regular monthly
payments and the current
default amounts owing upon
the Credit Agreement, as of
March 19, 2015, are:
Outstanding
payment
balance: $15,216.78
Late charges: $1,570.63
Total: $16,787.41
By reason of these defaults,
the current Benefi ciary has
and does hereby declare all
sums owing on the Credit
Agreement secured by the
Trust Deed immediately due
and payable, those sums
being the following, to wit:
Principal Balance:
$497,049.76
Late Charges: $1,570.63
Legal Fees: $2,509.83
Appraisal Fee: $1,507.00
Annual Fee: $60.00
Total: $502,697.22*
*Total does not include
accrued interest at the rate of
$57.74 per diem from March
19, 2015, until paid, additional
late charges, expenditures,
or trustee fees, and attorney
fees and costs. A total payoff
amount as of a specifi c date is
available upon written request
to the successor trustee.
In addition, Grantor is
required to maintain real
property taxes current on the
Property according to the
terms of the Trust Deed. To
date, there remains due and
owing for past due Marion
County, Oregon property
taxes the following:
Account No.: R19381
2012-2013 Taxes
$3,225.15
2013-2014 Taxes
$8,924.03
2014-2015 Taxes
$7,836.87
Total: $19,986.05
The past due property taxes
must be paid to the county tax
assessor and proof of payment
provided to our attention. You
should contact the assessor
for a current payoff statement.
Notice hereby is given
that the current benefi ciary
and successor trustee, by
reason of the default(s), have
elected and do hereby elect
to foreclose the Trust Deed
by advertisement and sale
pursuant to ORS 86.705 to
86.990, and to cause to be
sold at public auction to the
highest bidder for cash the
interest in the Real Property
without warranty, express or
implied, which the Grantor
had, or had the power to
convey, at the time of the
execution by Grantors of the
Trust Deed, together with
any interest the Grantors
or Grantors’ successor in
interest acquired after the
execution of the Trust Deed, to
satisfy the Credit Agreement
secured by the Trust Deed
and the expenses of the sale,
including the compensation
of the successor trustee as
provided by law, and the
reasonable fees of successor
trustee’s attorneys.
The sale will be held at the
hour of 9:00 a.m. in accord
with the standard of time
established by ORS 187.110
on Monday, August 10,
2015, at the following place:
Front entrance of the Marion
County
Courthouse,
100
High Street NE, in the City
of Salem, County of Marion,
State of Oregon, which is the
hour, date and place last set
for the foreclosure sale. The
successor trustee intends
to foreclose upon the Real
Property described above.
Notice is further given that
any person named in ORS
86.778 has the right, at any
time not later than fi ve days
before the date last set for
the foreclosure sale, to have
this foreclosure proceeding
dismissed and the Trust Deed
reinstated by paying the entire
amount then due (other than
such portion of the principal
as would not then be due had
no default occurred), together
with costs, expenditures,
trustee’s fees and attorney
fees and costs, and by
curing any other default(s)
complained of in this Notice
of Default, that is capable of
being cured by tendering the
performance required under
the Credit Agreement or Trust
Deed.
Other than as shown of
record, neither the current
benefi ciary nor the successor
trustee has any actual notice
of any person having or
claiming to have any lien
upon or interest in the Real
Property subsequent to the
interest of the successor
trustee in the Trust Deed, or
of any successor in interest to
the Grantor or of any lessee
or other person in possession
of or occupying the property,
except:
Occupant(s)
6609 Hazelgreen Rd. NE
Salem, OR 97305
Occupant(s)
Virginia R. Russell
6609 Hazelgreen Rd. NE
Salem, OR 97305
Grantor, and Trustor and
Trustee of the Virginia R.
Russell Family Trust, dated
2/24/06
Pursuant to ORS 86.786,
not later than 15 days before
the sale date specifi ed herein,
the trustee shall provide a
statement of information upon
receipt of a written request
from any interested party.
In construing this notice,
the singular includes the
plural, the word “Grantor”
includes any successor in
interest to the grantor as well
as any other person owing an
obligation, the performance of
which is secured by the Trust
Deed, and the words “Trustee”
and “Benefi ciary” include their
respective successors in
interest, if any.
The mailing address for
the successor trustee, as
referenced herein, is as
follows:
Stephanie M. Palmblad
Collier Law,
Successor Trustee
P.O. Box 2810
Salem, OR 97308
(503) 485-7224
Dated: This 19th day of
March, 2015.
Collier Law,
Successor Trustee
/s/ Stephanie M. Palmblad
By: Stephanie M. Palmblad,
OSB# 124125
5/29, 6/5, 6/12, 6/19