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  • Address: 341 Arlene Ave Se, Salem, Or, 97302

Auction Date: 1/23/2018, 11:00 Am / $106,298.96


TRUSTEE’S NOTICE OF SALE TS No. OR05000013-17-1 APN R81369 TO No OR05000013-17-1 Reference is made to that certain Trust Deed made by, GWENDOLYN J. BARRITT AS TO A FEE SIMPLE ESTATE as Grantor to LENDERS FIRST CHOICE AGENCY, INC. as Trustee, in favor of FINANCIAL FREEDOM SENIOR FUNDING CORPORATION, A SUBSIDIARY OF INDYMAC BANK, F.S.B. as Beneficiary dated as of April 26, 2008 and recorded on May 1, 2008 in Book 2948, on Page 263 and the beneficial interest was assigned to CIT Bank, N.A. and recorded December 19, 2016 as Instrument Number 2016 00060205 in Book 3892, on Page 287 of official records in the Office of the Recorder of Marion County, Oregon to-wit: APN: R81369 REAL PROPERTY IN THE COUNTY OF MARION, STATE OF OREGON, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT 5, BLOCK 2, LIBERTY GARDENS ANNEX NO. 1, IN THE CITY OF SALEM, MARION COUNTY, STATE OF OREGON (PLAT VOLUME 18, PAGE 34A); THENCE NORTH 75 WEST 11.52 FEET, MORE OR LESS, ON THE WESTERLY EXTENSION OF THE SOUTHERLY LINE OF SAID BLOCK 2, TO THE EASTERLY LINE OF LIBERTY GARDENS ANNEX NO.3; THENCE NORTHERLY 231.47 FEET ALONG THE EASTERLY LINE OF SAID ANNEX NO. 3; THENCE SOUTH 75 EAST 13.59 FEET, MORE OR LESS TO THE WEST LINE OF LOT 1, BLOCK 2, LIBERTY GARDENS ANNEX NO. 1; THENCE SOUTH 75 EAST 30.00 FEET PARALLEL WITH THE NORTHERLY LINE OF SAID LOT 1; THENCE SOUTH 15` WEST 156.47 FEET TO THE NORTHEAST CORNER OF LOT 5, OF SA1D BLOCK 2: THENCE NORTH 75 WEST 30.00 FEET TO THE NORTHWEST CORNER OF SAID LOT 5; THENCE SOUTH 15 WEST 75.00 FEET TO THE PLACE OF BEGINNING. Commonly known as: 341 ARLENE AVE SE, SALEM, OR 97302 Both the Beneficiary, CIT Bank, N.A., and the Trustee, Nathan F. Smith, Esq., OSB #120112, have elected to sell the said real property to satisfy the obligations secured by said Trust Deed and notice has been recorded pursuant to Section 86.735(3) of Oregon Revised Statutes. The default for which the foreclosure is made is the Grantor’s failure to pay: Failed to pay the principal balance which became all due and payable based upon the death of all mortgagors, pursuant to paragraph 7 under the Note, and pursuant to paragraph 9 of the Deed of Trust. By this reason of said default the Beneficiary has declared all obligations secured by said Trust Deed immediately due and payable, said sums being the following, to-wit: The sum of $106,298.96 together with interest thereon from October 5, 2016 until paid; and all Trustee’s fees, foreclosure costs and any sums advanced by the Beneficiary pursuant to the terms of said Trust Deed. Wherefore, notice is hereby given that, the undersigned Trustee will on January 23, 2018 at the hour of 11:00 AM, Standard of Time, as established by Section 187.110, Oregon Revised Statues, High Street entrance of the Marion County Courthouse, 100 High St NE, Salem, OR 97301 County of Marion, sell at public auction to the highest bidder for cash the interest in the said described real property which the Grantor had or had power to convey at the time of the execution by him of the said Trust Deed, together with any interest which the Grantor or his 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 Section 86.753 of Oregon Revised Statutes has the right to have the foreclosure proceeding dismissed and the Trust Deed reinstated by payment to the Beneficiary of the entire amount then due (other than such portion of said principal as would not then be due had no default occurred), together with the costs, Trustee’s or attorney’s fees and curing any other default complained of in the Notice of Default by tendering the performance required under the obligation or Trust Deed, at any time prior to five days before the date last set for sale. 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, the masculine gender includes the feminine and the neuter, the singular includes plural, the word Grantor includes any successor in interest to the Grantor as well as any other persons owing an obligation, the performance of which is secured by said Trust Deed, the words Trustee and Beneficiary includes their respective successors in interest, if any. Dated: 09/07/2017 By: Nathan F. Smith, Esq., OSB #120112 Successor Trustee Malcolm & Cisneros, A Law Corporation Attention: Nathan F. Smith, Esq., OSB #120112 c/o TRUSTEE CORPS 17100 Gillette Ave, Irvine, CA 92614 949-252-8300 FOR SALE INFORMATION PLEASE CALL: In Source Logic at 702-659-7766 Website for Trustee’s Sale Information: www.insourcelogic.comISL Number 34177, Pub Dates: 10/25/2017, 11/01/2017, 11/08/2017, 11/15/2017, WOODBURN INDEPENDENT. Published Oct. 25, Nov. 1, 8 & 15, 2017. WI15917841

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