TRUSTEE’S NOTICE OF SALE Loan No: 030505490 T.S. No.: 2021-100532 Reference is made to that certain Deed of Trust and Security Agreement made by, GRAND VENTURES EASTLUND HOTEL LLC, a Delaware limited liability company, as grantor to OLD REPUBLIC TITLE COMPANY OF OREGON, an Oregon corporation, as trustee, in favor of COLUMN FINANCIAL, INC., a Delaware corporation, as the original beneficiary, dated 2/10/2017, recorded 2/13/2017, in records of Multnomah County, Oregon as Instrument No. 2017-019076, covering the following described real property situated in said County and State, to-wit: Legal Description: See Exhibit A attached hereto and made a part of Personal Property: See Exhibit B attached hereto and made a part of Commonly known as: 1021 NE Grand Avenue Portland, Oregon 97232 APN: R182144 Both the beneficiary and the trustee 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: (i) the installment of principal, interest, tax and insurance escrows and reserves due on January 2021, and all subsequent installments of principal, interest, tax and insurance escrows and reserves; (ii) late charges; (iii) default interest; (iv) advances made by the Beneficiary, plus interest thereon from the dates made; (v) attorney’s fees, special servicer fees and other expenses and costs of collection; and (vi) trustee and foreclosure fees, costs, and expenses. Beneficiary’s Advances, Costs, and Expenses (As of 02/10/2021) DESCRIPTION ADVANCE AMOUNT Principal Balance: $40,427,728.21 Yield Maintenance Payment: $9,482,368.51 Liquidation/Workout Fee: $539,102.77 Default Interest (01/01/2021-02/10/2021): $224,598.49 Accrued Interest (01/01/2021-02/10/2021): $223,700.10 Late Fee (January & February 2020): $30,153.20 Property Protective Advances: $279,898.35 Protective Advance Interest: $49,944.26 Special Servicing Fees: $17,204.06 Processing Fee: $400.00 Non-Sufficient Funds Fee: $25.00 Legal Fees: $31,974.59 Tax Balance: -$12,147.51 Insurance Balance: -$101,371.16 Total Advances: $51,193,578.87 Total Foreclosure Fees and Costs: $63,025.00 TOTAL PAYOFF AMOUNT: $51,256,603.87 By this reason of said default the beneficiary has declared all obligations secured by said deed of trust immediately due and payable, said sums being the following, to-wit: The sum of $51,256,603.87 together with interest thereon at the rate of 4.98 % per annum from 02/10/2021 until paid; plus, all accrued late charges thereon; and all default interest, trustee’s fees, foreclosure costs and any sums advanced by the beneficiary pursuant to the terms of said deed of trust. Whereof, notice hereby is given that Lawyers Title Company, the undersigned trustee will on 07/13/2021 at the hour of 11:00 AM, Standard of Time, as established by section 187.110, Oregon Revised Statues, At the front entrance to the Multnomah County Courthouse located at 1200 SW First Avenue, Portland, OR 97204 County of Multnomah, State of Oregon, 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 86.778 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 and 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. 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 include their respective successors in interest

ad: 194778

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2021/04/09

End Date: 2021/04/30

Court Number: 2021-100532


County: Multnomah