TRUSTEE’S NOTICE OF SALE Reference is made to that certain Trust Deed (the Trust Deed) made by 1336 N Watts Apartments LLC, an Oregon limited liability company, as grantor (the Grantor), to Fidelity National Title, as the trustee, in favor of PacWest Funding, Inc., an Oregon corporation, dba Precision Capital, as beneficiary, dated December 30, 2021, and recorded on January 3, 2022, as Instrument No. 2022-000462, 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: Commonly known as 1336 N Watts Street, Portland, OR 97217, aka 1350 N. Watts St., Portland, OR 97217, more particularly described as LOTS 9 and 10, BLOCK 40, FAIRPORT, in the City of Portland and County of Multnomah and State of Oregon, APN: R160313 (the Property). All beneficial right, title, and interest in the Trust Deed was assigned to The Oregon Fund, L.P. (the Beneficiary), by Assignment of Trust Deed by Beneficiary dated January 13, 2022, and recorded January 18, 2022, in the records of Multnomah County, Oregon, as Instrument Number 2022-006535. The current trustee under the Trust Deed is Christopher R. Ambrose (the Trustee). The undersigned 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 the foregoing and as are or will be recorded in the Records of the county or counties in which the Property is situated. Further, 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 86.735(4). 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. Failing to provide the monthly installments for August 1, 2022, through and including December 1, 2022. 2. Failing to provide the late charges associated with the monthly installments for August 1, 2022, through and including December 1, 2022. 3. Failing to provide an NSF fee. 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: $3,191,375.89; 2. Accrued and Unpaid Interest (through and including December 15, 2022) (interest continues to accrue until paid at the rate provided in the Promissory Note): $206,719.93; 3. Trustee’s Sale Guarantee Report: $7,500.00; 4. Late Charges (through November 2022): $6,241.60; 5. NSF Fee: $50.00; 6. Legal Fees and Costs (as of December 15, 2022) (estimated): $3,000.00; 7. Subtotal: $3,414,887.42; 8. Plus title expenses, trustee’s fees, recording fees, and 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: Unknown. WHEREFORE, notice hereby is given that the undersigned Trustee will on Thursday, April 27, 2023, at the hour of 11:00 o’clock A.M., in accord with the standard of time established by ORS 187.110, at the following place: the front outside entrance to the Multnomah County Courthouse, located at 1200 SW First 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 14, 2022. Successor Trustee: /s/ Christopher R. Ambrose. CONTACT INFORMATION FOR TRUSTEE’S COUNSEL: Ambrose Law Group LLC, Attn.: Christopher R. Ambrose, 2900 NW Clearwater Drive, Ste. 320, Bend, OR 97703; Phone: 503.222.0552, Email: Published March 10, 17, 24 & 31, 2023. BT276943

ad: 276943

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2023/03/10

End Date: 2023/03/31

Court Number: 73094/11


County: Multnomah