TRUSTEE’S NOTICE OF SALE Reference is made to that certain Line of Credit Commercial Deed of Trust and Assignment of Rents (Security Agreement and Fixture Filing) (the Trust Deed) made by Kenton McClellan, LLC, as grantor ( the Grantor), to David R. Ambrose, as the trustee, in favor of Blum Family Dynasty, Inc., an Oregon corporation, as beneficiary, dated January 23, 2018, and recorded on January 23, 2018, as Instrument No. 2018-008662, in the Official Records of Multnomah County, Oregon, covering the Grantor’s interest in the following described real property situated in the above-mentioned county and state, to-wit: Lot 25, EXCEPT THEREFROM the West 12.4 feet, and Lots 20, 21, 22, 23, and 24, Block 2, KENTON, in the City of Portland, County of Multnomah and State of Oregon. ALSO EXCEPTING THEREFROM that portion of said Lots conveyed to the State Highway Commission; TOGETHER WITH an easement over the West 12.4 feet of said Lot 25; also commonly known as 8355 N. Interstate Avenue, Portland, Oregon 97217 (the Property). Both the Beneficiary and the Trustee have elected to sell the Property to satisfy the obligations secured by said Trust Deed and a notice of default has been recorded pursuant to 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, together with all subsequent sums advanced by Beneficiary pursuant to the terms and conditions of the Trust Deed, or as a result of the following action or inaction: 1. Failure of the Grantor to pay when due the following sums: the installment payment due November 21, 2019, in the amount of $15,959.17; and 2. Failure of the Grantor to pay the real property taxes for tax years 2018-2019 and 2019-2020; and 3. Together with title expense, costs, default interest, trustee’s fees and attorney fees incurred herein by reason of said default; plus any further sums advanced by the Beneficiary for the protection of the Property. By reason of the default, the Beneficiary has declared all sums owing on the obligation secured by the Trust Deed immediately due and payable, those sums being the following estimated amounts, to-wit: 1. Unpaid Principal: $1,750,000.00; 2. Accrued and unpaid interest (through and including November 27, 2019, and continuing at the daily rate provided in the Secured Promissory Note): $19,048.04; 3. Trustee’s Sale Guarantee Report (est.): $2,500.00; 4. Accrued and Unpaid Default Interest (through and including November 27, 2019, and continuing at the default rate provided in the Secured Promissory Note): $729.17; 5. Late Charge: $87,500.00; 5. Subtotal: $1,859,777.21; 6. Plus title expenses, trustee’s fees, recording fees, and additional attorneys’ fees incurred herein by reason of said default and any further sums advanced by the Beneficiary for the protection of the Property and its interest therein. WHEREFORE, notice hereby is given that the undersigned Trustee will on Friday, April 10, 2020, 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: the front inside steps to the Multnomah County Courthouse, located at 1021 SW 4th Avenue, Portland, Oregon 97204, sell at public auction to the highest bidder for cash the interest in the Property which the Grantor had or had power to convey at the time of the execution by Grantor of the said Trust Deed, together with any interest which the Grantor or Grantor’s 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 ORS 86.778 has the right, at any time prior to five days before the date last set for the sale, to have this foreclosure proceeding dismissed and the Trust Deed reinstated by payment to the Beneficiary 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, if applicable. 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 beneficiary include their respective successors in interest, if any. ORS SECTION 86.771(9) Notice: 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. If the Trustee is unable to convey title for any reason, the successful bidder’s sole and exclusive remedy shall be the return of monies paid to the Trustee, and the successful bidder shall have no further recourse. Dated: December 2, 2019. Trustee: /s/ David R. Ambrose, Ambrose Law Group, 312 NW 10th Avenue, Suite 200, Portland, OR 97209-3121, Phone: 503.222.0552, Email: Published Feb. 21, 28, Mar. 6 & 13, 2020. BT153611

ad: 153611

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2020/02/21

End Date: 2020/03/13

Court Number: 93014/52


County: Multnomah