Cottage Grove sentinel. (Cottage Grove, Or.) 1909-current, January 13, 2016, Page 8B, Image 20

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    8B COTTAGE GROVE SENTINEL JANUARY 13, 2016
PUBLIC NOTICES
PUBLIC NOTICES
Oregon Revised Statutes 86.752(3); the
default for which the foreclosure is made
is grantor’s failure to pay when due the
following sums: monthly payments of
$1,429.23 beginning 05/01/14; monthly
payments of $1,429.23 beginning
05/01/14; prior accrued late charges of
$227.70; together with title expense,
costs, trustee’s fees and attorney’s fees
incurred herein by reason of said default;
any further sums advanced by the
benefi ciary for the protection of the above
described real property and its interest
therein; and prepayment penalties/
premiums, if applicable. By reason of
said default the benefi ciary has declared
all sums owing on the obligation secured
by the trust deed immediately due and
payable, said sums being the following,
to wit: $194,461.22 with interest thereon
at the rate of 5.25 percent per annum
beginning 04/01/14; plus prior accrued
late charges of $227.70; together with
title expense, costs, trustee’s fees
and attorney’s fees incurred herein
by reason of said default; any further
sums advanced by the benefi ciary for
the protection of the above described
real property and its interest therein;
and prepayment penalties/premiums,
if applicable. WHEREFORE, notice
hereby is given that the undersigned
trustee will on April 8, 2016 at the hour
of 10:00 o’clock, A.M. in accord with the
standard of time established by ORS
187.110, at the following place: inside
the main entrance to the Lane County
Courthouse, 125 E. 8th Avenue, in the
City of Eugene, County of Lane, State
of Oregon, sell at public auction to the
highest bidder for cash the interest in the
described real property which the grantor
had or had power to convey at the time
of the execution by grantor of the trust
deed, together with any interest which
the grantor or grantor’s successors in
interest acquired after the execution of
the 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 for reinstatement
or payoff quotes requested pursuant to
ORS 86.786 and 86.789 must be timely
communicated in a written request that
complies with that statute addressed
to the trustee’s “Urgent Request Desk”
either by personal delivery to the trustee’s
physical offi ces (call for address) or by
fi rst class, certifi ed mail, return receipt
requested, addressed to the trustee’s
post offi ce box address set forth in this
notice. Due to potential confl icts with
federal law, persons having no record
legal or equitable interest in the subject
property will only receive information
concerning the lender’s estimated or
actual bid. Lender bid information is also
available at the trustee’s website, www.
northwesttrustee.com. Notice is further
given that any person named in ORS
86.778 has the right, at any time prior to
fi ve days before the date last set for the
sale, to have this foreclosure proceeding
dismissed and the trust deed reinstated
by payment to the benefi ciary of the
entire amount then due (other than such
portion of the principal as would not then
be due had no default occurred) and
by curing any other default complained
of herein that is capable of being cured
by tendering the performance required
under the obligation or trust deed,
and in addition to paying said sums or
tendering the performance necessary to
cure the default, by paying all costs and
expenses actually incurred in enforcing
the obligation and trust deed, together
with trustee’s and attorney’s fees not
exceeding the amounts provided by said
ORS 86.778. Requests from persons
named in ORS 86.778 for reinstatement
quotes received less than six days prior
to the date set for the trustee’s sale will
PUBLIC NOTICES
be honored only at the discretion of the
benefi ciary or if required by the terms
of the loan documents. 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 said trust deed, and the words
“trustee” and “benefi ciary” include their
respective successors in interest, if any.
Without limiting the trustee’s disclaimer
of representation 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. The trustee’s rules of auction may be
accessed at www.northwesttrustee.com
and are incorporated by this reference.
You may also access sale status at www.
northwesttrustee.com and www.USA-
Foreclosure.com. For further information,
please contact: Nanci Lambert Northwest
Trustee Services, Inc. P.O. Box 997
Bellevue, WA 98009-0997 586-1900
Masterson, Daniel D. and Kristi L. (TS#
7431.20561) 1002.284500-File No.
________________________________
TRUSTEE’S NOTICE OF SALE
On information and belief, the Trust Deed
described herein is a Commercial Trust
Deed, and is therefore not subject to the
requirements of a Residential Trust Deed
as defi ned in ORS 86.705(6) on the date
of recordation. This Notice of Sale is
not subject to the mandatory mediation
requirements applicable to residential
trust deeds being foreclosed in Oregon
after July 11, 2012. See ORS 86.726; see
also Laws 2012 Ch 112 § 2, Laws 2013
PUBLIC NOTICES
Ch 304 §§ 2, 9.
Reference is made to that certain Trust
Deed “Trust Deed” made by North
Morningstar Properties, LLC, an Oregon
Limited Liability Company, as Grantor,
to West Coast Trust, as Trustee, in favor
of West Coast Bank, as the original
Benefi ciary, dated April 28, 2010, recorded
May 3, 2010, in the mortgage records of
Lane County, Oregon, as Document No.
2010-020772, and modifi ed by instrument
recorded May 27, 2011 as Document No.
2011-024627 in the mortgage records of
Lane County, Oregon, and covering the
following described real property situated
in the above-mentioned county and state,
to wit:
Beginning at a point in the West line of
The E. Mulholland Sr. Donation Land
Claim No. 44, Notifi cation No. 6529, in
Township 19 South, Range 2 West of the
Willamette Meridian, 10 chains North of
the Southwest corner of said Claim; and
running thence North along said West
line 18.15 chains to a point 27.98 chains
South of the Northwest corner thereof;
thence North 89° 45’ 40” East parallel with
the North line of said Claim 19.72 chains
to a point 30 feet South 89° 45’ 40” West
of a stone set in County Survey No. 2028;
thence South 7.69 chains to the North line
of County Survey No. 1690; thence West
along said North line 9.72 chains to the
most Northerly Northwest corner of said
County Survey; thence South 10 chains;
thence West 10 chains to the Place of
Beginning, in Lane County, Oregon.
Property Tax Account No.: 0824977.
Real property or its address is commonly
known as 35874 N Morningstar Road,
Pleasant Hill, OR 97455 (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
PUBLIC NOTICES
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 Saalfeld
Griggs PC 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 Trust Deed, or, if such action has
been instituted, such action has been
dismissed except as permitted by ORS
86.752(7).
The Real Property will be sold to satisfy
the Promissory Note identifi ed below
secured by the Trust Deed and a Notice
of Default has been recorded pursuant
to Oregon Revised Statutes 86.752(3);
the default(s) for which the foreclosure is
made are the following:
Loan No. : 6002602
Grantor’s failure to pay the loan in full at
maturity on April 5, 2013.
By reason of the maturity default,
the current Benefi ciary has and does
hereby declare all sums owing on the
Promissory Note secured by the Trust
Deed immediately due and payable,
those sums being the following, to wit:
Principal Balance: $261,996.08
Accrued Interest: $20,175.92
Late Charges: $19,568.13
Collection Fees: $3,861.24
Appraisal Fees: $8,042.39
Total: $313,643.76*
*Total does not include accrued interest
at the rate of $43.6660 per diem from
October 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.
The current Benefi ciary of the Deed of
PUBLIC NOTICES
Trust and holder of the Promissory Note
referenced therein notes that both are
commercial in nature and were obtained
for investment and business purposes.
W HEREFORE , notice hereby is given that
the undersigned successor trustee will
on Friday, March 11, 2016, at the hour
of 10:00 o’clock a.m. in accord with the
standard of time established by ORS
187.110, at the Front Entrance of the
Lane County Courthouse, located at
128 East Eighth Avenue, in the City
of Eugene, County of Lane, State of
Oregon, which is the hour, date and place
last set for the sale, sell at public auction
to the highest bidder for cash the interest
in the Real Property which the Grantor
had or had power to convey at the time
of the execution by Grantor of the Trust
Deed, together with any interest which
the Grantor or Grantor’s successors in
interest acquired after the execution of
the Trust Deed, to satisfy the foregoing
Promissory Note secured by the Trust
Deed and the costs and expenses of
sale, including a reasonable charge by
the successor trustee. The successor
trustee intends to foreclose upon the Real
Property.
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 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, trustee’s fees and attorney
fees and costs, and by curing any other
default complained of in the Notice of
Default, that is capable of being cured
by tendering the performance required
under the Promissory Note or Trust Deed.
Finally, notice is hereby given that
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 of Sale, 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:
Erich M. Paetsch, Vice President of
Successor Trustee
Saalfeld Griggs, P.C, Successor Trustee
P.O. Box 470
Salem, OR 97308-0470
Trustee’s Telephone Number: 503-399-
1070
Dated:
This 6 th day of November,
2015.
SAALFELD GRIGGS PC SUCCESSOR
TRUSTEE
/s/ Erich M. Paetsch
By: Erich M. Paetsch, OSB# 993350
Its: Vice President
State of Oregon, County of Marion ss.
I, the undersigned, certify that I am the
attorney or one of the attorneys for the
above named Successor Trustee and
that the foregoing is a complete and exact
copy of the original Trustee’s Notice of
Sale.
/s/ Erich M. Paetsch
Attorney for said Trustee