TRUSTEE’S NOTICE OF SALE TS No.: 085705-OR Loan No.: ***8094 Reference is made to that certain trust deed (the Deed of Trust) executed by KIP ALLEN FARTHING, as Grantor, to WFG NATIONAL TITLE INSURANCE COMPANY,,, OR, as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., AS DESIGNATED NOMINEE FOR FAIRWAY INDEPENDENT MORTGAGE CORPORATION, BENEFICIARY OF THE SECURITY INSTRUMENT, ITS SUCCESSORS AND ASSIGNS., as Beneficiary, dated 5/3/2017, recorded 5/8/2017, as Instrument No. 2017-055759, in the Official Records of Multnomah County, Oregon, which covers the following described real property situated in Multnomah County, Oregon: UNIT NO. L-59, FLORENCE TERRACE CONDOMINIUM (PHASE II), IN THE CITY OF GRESHAM, COUNTY OF MULTNOMAH, STATE OF OREGON; TOGETHER WITH THE LIMITED COMMON ELEMENTS AND THE UNDIVIDED INTEREST IN THE GENERAL COMMON ELEMENTS APPURTENANT THERETO, AS SET FORTH IN DECLARATION OF UNIT OWNERSHIP RECORDED MARCH 30, 1981 IN BOOK 1513, PAGE 548, AND SUPPLEMENTAL DECLARATION RECORDED FEBRUARY 2, 1982 IN BOOK 1576, PAGE 2133, DEED RECORDS. APN: R164583 // 1S3E09DB-90059 Commonly known as: 159 SW FLORENCE AVENUE L59 GRESHAM, OR 97080 The current beneficiary is: REVERSE MORTGAGE FUNDING, LLC You are hereby provided formal notice that you are in default under Paragraph 10(c)(iii) of the Deed of Trust because of your breach to perform an obligation, specifically a failure to pay the homeowner’s association fees when due. Please refer to Paragraph 2 of the Deed of Trust which states that the borrower will pay all property charges, including homeowner’s association fees when due. Moreover, Paragraph 5 allows the Creditor to do whatever is necessary to protect its rights in the property as described below. Therefore, because of your failure to pay the homeowner’s association fees when due, Creditor has declared all sums secured thereby forthwith due and payable plus the foreclosure costs, legal fees or any advances that may become due, and such sums have not been paid. TOTAL REQUIRED TO PAYOFF: $81,367.35 By reason of the default, the beneficiary has declared all obligations secured by the Deed of Trust immediately due and payable, including: the principal sum of $61,405.79 together with interest thereon at the rate of 5.468 % per annum, from 3/29/2019 until paid, plus all accrued late charges, and all trustee’s fees, foreclosure costs, and any sums advanced by the beneficiary pursuant to the terms and conditions of the Deed of Trust Whereof, notice hereby is given that the undersigned trustee, CLEAR RECON CORP, whose address is 111 SW Columbia Street #950, Portland, OR 97201, will on 6/18/2020, at the hour of 11:00 AM, standard time, as established by ORS 187.110, AT THE VESTIBULE, IMMEDIATELY INSIDE THE FOURTH AVENUE ENTRANCE TO THE MULTNOMAH COUNTY COURTHOUSE, 1021 SW FOURTH AVE, PORTLAND, OR 97204, sell at public auction to the highest bidder in the form of cash equivalent (certified funds or cashier’s check) the interest in the above-described real property which the grantor had or had power to convey at the time it executed the Deed of Trust, together with any interest which the grantor or his successors in interest acquired after the execution of the Deed of Trust, 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 to have the foreclosure proceeding dismissed and the Deed of Trust reinstated by payment to the beneficiary of the entire amount then due (other than the portion of principal that would not then be due had no default occurred), together with the costs, trustee’s and attorneys’ fees, and curing any other default complained of in the Notice of Default by tendering the performance required under the Deed of Trust at any time not later than 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 the Deed of Trust, the words trustee and beneficiary include their respective successors in interest, if any. Dated: 2/5/2020 CLEAR RECON CORP 111 SW Columbia Street #950 Portland, OR 97201 Phone: 858-750-7600 or 866-931-0036 Shella Domilos, Authorized Signatory of Trustee. Published Feb. 28, Mar. 6, 13 & 20, 2020. OL153931

ad: 153931

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2020/02/28

End Date: 2020/03/20

Court Number: 085705-OR


County: Multnomah