TRUSTEE’S NOTICE OF SALE (Nonresidential Trust Deed) The trust deed to be foreclosed pursuant to Oregon law is referred to as follows (the Trust Deed): Grantor: Crystalridge Development, Inc., an Oregon corporation Original Trustee: Ticor Title Beneficiary: Community Financial Corporation, an Oregon corporation Date: July 1, 2022 Recording Date: July 8, 2022 County of Recording: Clackamas County Recording Reference: 2022-039118 Beneficiary appointed Edward H. Trompke, Jordan Ramis PC, PacWest 27th Floor, 1211 SW Fifth Avenue, Portland, OR 97204, as Successor Trustee, to have all the powers of the Original Trustee by appointment recorded on June 22, 2023 in Clackamas County record reference 2023-021368. The Trust Deed covers the following described real property in the County of Clackamas and State of Oregon, (the Property): Lot 60, JACKSON HILLS NO. 5, in the City of Happy Valley, County of Clackamas, State of Oregon, recorded June 28, 2019 as recording no. 2019-037185. The Grantor or other person owing the debt has defaulted as provided under the Trust Deed, and both the Beneficiary and the Trustee have elected to foreclose the Trust Deed and sell the Property to satisfy the obligations secured by the Trust Deed. The default for which foreclosure is permitted is the Grantor’s failure to pay when due the following sums: The entire unpaid balance of principal and interest due on June 30, 2023, plus unpaid property taxes with interest and penalties, if any, plus insurance premiums to keep the Property adequately insured. By reason of the default, the Beneficiary has declared all sums owing on the obligation secured by the Trust Deed immediately due and payable as follows: Outstanding Principal Balance (Includes accrued and unpaid interest, accrued and unpaid default interest, unpaid late charges and unpaid enforcement costs, in each case that has been capitalized): $507,455.95 Outstanding Accrued Interest (at the default rate 11.5%) through 06/30/2023: $ 13,660.69 TOTAL AMOUNT as of 06/30/2023: $521,116.64, plus interest after 06/30/2023 currently at $151.50 per diem. Unpaid accrued interest will be capitalized each month In addition there will be Trustee’s fees, attorney’s fees, foreclosure costs and any sums advanced by the Beneficiary pursuant to the Trust Deed, less credits, if any. NOTICE The Trustee will on November 15, 2023, at the hour of 10:00 A.M., at the Front Steps of the Clackamas County Courthouse, 807 Main St., Oregon City, OR 97045, County of Clackamas, State of Oregon, 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 Trust Deed, together with any interest which the Grantor acquired after the execution of the Trust Deed, to satisfy the obligations hereby secured and the costs, attorney fees and expenses of sale, including a reasonable charge by the Trustee. NOTICE OF RIGHT TO CURE The right exists for any person named under ORS 86.778, at any time that is not later than five (5) days before the date last set for the sale, to have this foreclosure proceeding dismissed and the Trust Deed reinstated by doing all of the following: 1. Paying to the Beneficiary the entire amount then due (other than such portion of the principal as would not then be due, had no default occurred); 2. Curing any other default that is capable of being cured by tendering the performance required under the Trust Deed; and 3. Paying all costs and expenses actually incurred in enforcing the debt and Trust Deed, together with Trustee’s and attorney’s fees not exceeding the amounts provided by ORS 86.778. 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 propety at the trustee’s sale. In construing this notice, the masculine gender includes the feminine and the neuter, 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. Dated: July 3, 2023. By: Edward H. Trompke, Successor Trustee Jordan Ramis PC PacWest 27th Floor 1211 SW Fifth Avenue Portland, OR 97204 Telephone: 503-598-7070 Fax: 503-598-7373 Subject Property: 8787 SE Spyglass, Happy Valley, OR 97086. Published July 14, 21, 28 & Aug. 4, 2023. BT295930
ad: 295930
Publication: Non-Judicial (Trustee Sales)
Section: Legals
Start Date: 2023/07/14
End Date: 2023/08/04
Court Number: 46593-81541
City: BEND
County: Clackamas