TRUSTEE’S NOTICE OF SALE Grantor, or other persons that owe an obligation, are in default as to the obligations secured by the trust deed described in this notice. The beneficiary and trustee, have elected to foreclose the trust deed by advertisement and sale pursuant to ORS 86.705 through ORS 86.815, and to sell at public auction to the highest bidder for cash the interest in the described property which grantors had, or had the power to convey, at the time of execution by grantors of the trust deed, together with any interest grantors or grantors’ successors in interest acquired after the execution of the trust deed, to satisfy the obligations secured by the trust deed and the expenses of sale, including the compensations of the trustee as provided by law, and the reasonable fees of the trustee’s attorneys. The undersigned certifies that no assignments of the trust deed by the trustee or by the beneficiary and no appointments of successor trustee have been made, except as recorded in the records of the county in which the real property described in this notice is situated. Further, no action has been commenced to recover any part of the debt or any part of the debt then remaining secured by the trust deed, or, if an action has been commenced, then the action has been dismissed. The following information is given, pursuant to ORS 86.752 and ORS 86.771: 1. PARTIES: The parties to the trust deed are: Grantor: Bridge Street Commercial, LLC; Successor Trustee: Watkinson Laird Rubenstein, P.C., 1203 Willamette Street, Suite 200, Eugene, OR 97401; Beneficiary: PC0719T by Assignment of Trust Deed by Beneficiary PacWest Funding, Inc., dba Precision Capital dated September 4, 2019, and recorded on September 10, 2019, at Doc. No. 2019-061603 in Washington County Deeds and Records in Washington County, Oregon. 2. PROPERTY: The address of the property covered by the trust deed is more particularly described as follows: A tract of land situated in Section 2, Township 2 South, Range 1 West of the Willamette Meridian, in the City of Tigard, County of Washington and State of Oregon, more particularly described as follows: Beginning at the re-entrant comer on the Easterly line of the Geo. Richardson Donation Land Claim No. 38; thence South 42deg. 52′ West along said Easterly line 1713.9 feet to the Northerly line of the Southern Pacific Railway right-ofway said point of intersection being the most Southerly corner of the John Scheckia tract as described in Book 136 page 53, Records of Washington County; thence North 42deg. 29′ West along the Northerly line of said railway right-ofway 757.06 feet to the true point of beginning of the property herein described; thence continuing North 42deg. 29′ West 200.22 feet to the most Southerly comer of that certain tract described in Deed to Joseph Heintz, et ux, recorded in February 3, 1944 in Book 226 page 619; thence North 44deg. 48′ East along said Heintz Tract, 116.36 feet to the most Easterly corner of said Heintz Tract; thence South 45deg. 12′ East along the Southwesterly line of Morin Avenue as shown on the plat of MORIN’S ADDITION (now vacated) a distance of 200 feet to the most Easterly corner of Lot 14, MORIN’S ADDITION (now vacated); thence South 44deg. 48′ West to the true point of beginning, known as Lots 12, 13 and 14, vacated, MORIN’S ADDITION. 3. DESCRIPTION OF THE TRUST DEED SUBJECT OF THIS NOTICE: Trust deed made on August 12, 2019, dated August 13, 2019, recorded on August 16, 2019, Document Number 2019-054749 in Washington County Deeds & Records in Washington, Oregon; Assignment of Trust Deed by Beneficiary dated September 4, 2019, recorded on September 10, 2019, Document Number 2019-061603 in Washington County Deeds & Records in Washington County, Oregon. 4. DEFAULT: The default for which foreclosure is made is: A. Failure to pay when due that portion of the principal balance required to secure release of the property described above, in the amount of $2,023,526.12, with interest and late charges when due, pursuant to the Promissory Note dated August 12, 2019. B. Failure to pay when due the sum of $868,267.44 in late fees, unpaid charges, unpaid interest, plus interest accruing at a rate of 17.99% per annum pursuant to the terms of the Promissory Note, dated August 12, 2019, along with interest continuing to accrue at the daily rate of $1,355.42 from March 7, 2023, until paid, and failure to pay property taxes when due, plus interest accruing thereon. 5. BALANCE OWING ON THE OBLIGATION THAT THE TRUST DEED SECURES: All sums owing pursuant to the Note, secured by the Trust Deed in the principal amount of $2,023,526.12, plus interest, late fees, including interest at the rate of 17.99% per annum, and taxes, as set forth in paragraphs 4A and 4B. Beneficiary is also entitled to trustee fees, attorney fees, foreclosure costs, and any sums advanced by the Beneficiary pursuant to the terms of the Trust Deed and Note. 7. SALE: The property will be sold in the manner prescribed by law on Tuesday, July 11, 2023, at 10:00 AM, in accordance with the standard of time established by ORS187.110, on the steps of the 2nd Avenue entrance of the Washington County Courthouse, 145 NE 2nd Avenue, Hillsboro, Washington County, Oregon. 8. RIGHT TO CURE DEFAULT UNDER ORS 86.778: Any person named in ORS 86.778 has the right, at any time that is 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 the portion of the principal that would not be due had no default occurred) together with costs and expenses actually incurred in enforcing the obligations, including trustee’s and attorney’s fees (not exceeding the amounts provided by ORS 86.778) and by curing any other default complained of herein that is capable of being cured by tendering the performance required under the note and trust deed. WARNING RE: THE POTENTIAL USE OF THE PROPERTY IN MANUFACTURING METHAMPHETAMINES: 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. Published May 4, 11, 18 & 25, 2023 FGNT286418

ad: 286418

Publication: Non-Judicial (Trustee Sales)

Section: Legals

Start Date: 2023/05/03

End Date: 2023/05/25


County: Washington