NOTICE OF RESCHEDULED PUBLIC DISPOSITION OF COLLATERAL SECURED PARTY: PDX Shilo Loan Owner LLC, as assignee of Axos Bank c/o Tyler J. Bellis McEwen Gisvold LLP 1100 SW Sixth Ave, Suite 1600 Telephone: (503) 412-3502 NAME OF DEBTOR: Shilo Inn, Portland/205, LLC 11707 NE Airport Way Portland, OR 97220 PDX Shilo Loan Owner LLC (the Secured Party) is the Secured Party under that certain Line of Credit Instrument Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated December 16, 2019 (the Security Agreement), and that certain UCC Financing Statement filed with the Oregon Secretary of State on December 27, 2019 as Lien No. 92139609 (the UCC Financing Statement), which were assigned to the Secured Party via that certain Assignment of Line of Credit Instrument Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing executed on June 23, 2021, and that certain UCC Financing Statement Amendment filed with the Oregon Secretary of State on June 29, 2021 as Lien No. 92139609-1. Pursuant to the Security Agreement, the Debtor granted the Secured Party a security interest in the real property legally described as set forth on Exhibit A attached hereto (the Land) and all of the Debtor’s assets located or to be located upon the Land. The Debtor is in default of its obligations under the Security Agreement. For a public disposition, the Secured Party intends to foreclose upon its security interest in the following collateral (the Collateral): The rents, profits, accounts, income, money, deposit accounts, goods, contract rights, leases, general intangibles, instruments, chattel paper and other intangible personal property derived from the Land and the building and improvements thereon, and the tangible personal property including but not limited to all furniture, furnishings, equipment, machinery, inventory, fixtures and other articles of personal property located upon, within or about the Land and the building and improvements thereon; together with all accessions, parts and additions to, all replacements of, and all substitutions for, and of such property; and together with all proceeds (including without limitation all insurance proceeds and refunds of premiums from any sale or other disposition of the Land and the building and improvements thereon and/or the personal property described herein). The public sale that was previously scheduled for Tuesday, September 5, 2023 at 1:30 p.m. (PDT) has been rescheduled and the Secured Party will now sell the above-described collateral to the highest qualified bidder in public as follows (the Sale): Day and date: Monday, October 2, 2023 Time: 1:30 p.m. (PDT) Place: Front Steps of the Multnomah County Courthouse located at 1200 SW 1st Avenue, Portland, OR 97204 The Secured Party reserves the right to cancel or reschedule the Sale or to add to, withdraw or otherwise modify or amend in any respect whatsoever all or any portion of the Collateral as being subject to the Sale, for any reason whatsoever. You may request an account by calling Tyler Bellis at (503) 412-3502. The Secured Party’s charge for an accounting shall be in an amount equal to its costs and expenses (including attorney fees) incurred as a result of providing such accounting. Dated: September 5, 2023 McEWEN GISVOLD, LLP an Oregon limited liability partnership By Tyler J. Bellis 1100 SW Sixth Avenue, Suite 1600 Portland, OR 97204 Telephone: (503) 412-3502 Attorneys for the Secured Party EXHIBIT A Parcel 1 and 2, PARTITION PLAT 1991-30, in the City of Portland, County of Multnomah and State of Oregon, described as follows: Beginning at a point in the North line of Block 1, SIVERS INDUSTRIAL PARK, that is South 88deg. 26′ 29 East 109.17 feet from the Northwest corner of said Block 1; thence South 39deg. 59′ 29 West 24.60 feet to a point of curve; thence on the arc of a 49.00 foot radius curve to the left (the chord of which bears South 5deg. 00′ 31 East 69.30 feet) a distance of 76.97 feet to a point in the Northerly right of way of NE Airport Way; thence along said Northerly right of way line Sount 50deg. 00′ 31 East 181.13 feet to a point of curve; thence on the arc of an 853.51 foot radius curve to the left (the chord of which bears Souths 52deg. 47′ 01 East 82.64 feet) a distance of 82.68 feet to a point of curve; thence on the arc of a 892.83 foot radius curve to the left (chord of which bears South 75deg. 01′ 30 East 617.39 feet) a distance of 628.33 feet to a point of tangency; thence North 01deg. 33′ 31 East 384.41 feet; thence North 88deg. 26′ 29 West 802.00 feet, more or less, to the point of beginning. APNs: R237040 and R237041 Commonly known as: 11707 NW Airport Way, Portland, Oregon 97220 Published Sep. 8 & 15, 2023. BT300992
ad: 300992
Publication: Miscellaneous 2
Section: Legals
Start Date: 2023/09/08
End Date: 2023/09/15
Owner: McEwen Gisvold LLP
City: PORTLAND
County: Multnomah