TRUSTEE’S NOTICE OF SALE TS No. OR01000005-20-1 APN R253935/ 1S1E11CD18500 TO No 8763730 TRUSTEE’S NOTICE OF SALE TS No. OR01000005-20-1 APN R253935/ 1S1E11CD18500 TO No 8763730 TRUSTEE’S NOTICE OF SALE BENEFICIARY EXEMPTION AFFIDAVIT: RECORDED MARCH 25, 2020 AS INSTRUMENT NUMBER 2020-036332 Reference is made to that certain Trust Deed made by MICHAEL F. SMIRA as Grantor, to MATHEW M. CHAKOIAN as Trustee, in favor of RAIN CITY CAPITAL OF OREGON, LLC as Beneficiary, dated as of April 20, 2017 and recorded April 24, 2017 as Instrument No. 2017-050089, Personal Guaranty effective April 20, 2017, Loan Agreement dated April 20, 2017, Loan Modification and Extension Agreement dated January 20, 2018, Loan Modification and Extension Agreement dated April 20, 2018, Third Loan Modification and Extension Agreement dated January 20, 2019 covering the following described real property situated in the above-mentioned county and state, to wit: LOT 15 AND THE SOUTH 60 FEET OF LOT 14, BLOCK 3, REYNOLDS, IN THE CITY OF PORTLAND, COUNTY OF MULTNOMAH AND STATE OF OREGON. SEE ATTACHED EXHIBIT FOR PERSONAL PROPERTY DESCRIPTION Commonly known as: 4475 SE 12th Blvd., Portland, OR 97202 Both the Beneficiary, Rain City Capital LLC, and the Trustee, Nathan F. Smith, Esq., 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: MATURITY DATE JUNE 22, 2019 PRINCIPAL BALANCE: $364,000,00 UNPAID INTEREST: $58,240.00 DEFAULT INTEREST: $58,240.00 TITLE FEES: $600.00 LATE CHARGES: $5,642.00 EXTENSION FEES: $14,560.00 PARTIAL PAYMENT CREDIT $148.04 OTHER FEES $225.00 FORECLOSURE FEE/COSTS $2,745.00 TOTAL REQUIRED TO PAYOFF: $504,103.96 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 $364,000.00 together with interest thereon at the rate of 12.00000% per annum from December 1, 2018 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 21, 2020 at the hour of 11:00 AM, Standard of Time, as established by Section 187.110, Oregon Revised Statues, in the vestibule, immediately inside the Fourth Avenue entrance to the Multnomah County Courthouse, 1021 SW Fourth Ave, Portland, OR 97204 County of Multnomah, 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: MARCH 30, 2020 By: Nathan F. Smith, Esq., OSB #120112 c/o Special Default Services, Inc. 17100 Gillette Ave, Irvine, CA 92614 (949) 225-5945Order Number 71578, Pub Dates: 05/05/2020, 05/12/2020, 05/19/2020, 05/26/2020, THE OUTLOOK. Published May 5, 12, 19 & 26, 2020. OL160924

ad: 160924

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2020/05/05

End Date: 2020/05/26

Court Number: OR01000005-20-1


County: Multnomah