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 applicable to a residential trust deed as defined in ORS 86.705(6) on the date of recordation. This Notice of Sale is not subject to the resolution conference requirements applicable to residential trust deeds being foreclosed in Oregon after July 11, 2012. Reference is made to that certain Deed of Trust (hereinafter Trust Deed) made by Decatur St LLC, as Grantor, to James H. Jordan, Attorney, as Trustee, in favor of Lewis Hanson and Company, Inc., Trustee for Decatur Loan, as Beneficiary, dated August 17, 2016, recorded August 24, 2016, in the mortgage records of Multnomah County, Oregon as Document No. 2016-105674, and covering the following described real property situated in the above-mentioned county and state, to wit: Parcel I: Lots 1 and 2, Block 15, JAMES JOHNS 2ND ADDITION TO THE TOWN OF ST. JOHNS, in the City of Portland, County of Multnomah and State of Oregon. TOGETHER WITH that portion of vacated North Charleston Avenue adjoining that would attach thereto by Ordinance No. 139760, recorded August 7, 1975 in Book 1055, Page 484. Parcel II: The West 30 feet of Lot 2, Block 16, JAMES JOHNS 2ND ADDITION TO THE TOWN OF ST. JOHNS, in the City of Portland, County of Multnomah and State of Oregon. Parcel III: Lots 3 and 4, Block 16, JAMES JOHNS 2ND ADDITION TO THE TOWN OF ST. JOHNS, in the City of Portland, County of Multnomah and State of Oregon. TOGETHER WITH that portion of vacated North Charleston Avenue adjoining that would attach thereto by Ordinance No. 139760, recorded August 7, 1975 in Book 1055, Page 484. Property Tax Account No.: R192071 Real property or its address is commonly known as 8223 N Decatur Street, Portland, OR 97203 (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 hereby certifies that no assignments of the trust deed by the Trustee or by the Beneficiary 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 Note identified 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: Decatur Loan: Grantor’s failure to pay the entire balance due and owing upon the loan as of the date of maturity on August 17, 2021, pursuant to the terms of the Deed of Trust securing that certain Promissory Note dated August 17, 2016 and referenced therein (Promissory Note) and the supporting Related Documents as defined in the Trust Deed. Grantor is in further default for the following non payment reason: Grantor’s failure to pay when due property taxes owing to the Multnomah County Tax Collector upon the Real Property, as required in the Trust Deed. By reason of the defaults, the current Beneficiary 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: $473,138.29 Accrued Interest to 1/30/22: $121,288.33 Late Charges: $9,891.00 Expenses Paid by Lender: $1,392.40 Pre-Foreclosure Attorney Fees $2,818.00 Legal Costs: $21.99 Total: $608,550.01* *Total does not include accrued interest at the total rate of 12.5%, which includes regular interest at 7.75% together with the accelerated interest rate of 5%, from January 31, 2022 until paid, additional late charges, expenditures, or trustee fees, and attorney fees and costs. A total payoff amount as of a specific date is available upon written request to the successor trustee. WHEREFORE, notice hereby is given that the undersigned successor trustee will on FRIDAY, JUNE 10, 2022 at 10:00 a.m. in accord with the standard of time established by ORS 187.110, at the MULTNOMAH COUNTY COURTHOUSE, 1200 SW FIRST AVENUE, IN THE COURTYARD IN FRONT OF THE MAIN ENTRANCE LOCATED ON THE CORNER OF FIRST AVENUE AND MADISON STREET, in the City of PORTLAND, County of MULTNOMAH, 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 five 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 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 Beneficiary include their respective successors in interest, if any. The mailing address for the successor trustee, as referenced herein, is as follows: Erich M. Paetsch, OSB 993350, 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 3rd day of February 2022. SAALFELD GRIGGS PC, SUCCESSOR TRUSTEE /s/ Erich M. Paetsch By: Erich M. Paetsch, OSB 993350 Its: Vice President Published Apr. 15, 22, 29 & May 6, 2022. OL239178

ad: 239178

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2022/04/15

End Date: 2022/05/06


County: Multnomah