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Auction Date: 12/26/2017, 9:00 Am / $368,604.73


TRUSTEE’S NOTICE OF SALE TS No.: 057406-OR Loan No.: ******5820 Reference is made to that certain trust deed (the Deed of Trust) executed by STEPHEN J LACHER, as Grantor, to FIDELITY NATIONAL TITLE INSURANCE, as Trustee, in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. (MERS), AS DESIGNATED NOMINEE FOR COUNTRYWIDE HOME LOANS, INC., BENEFICIARY OF THE SECURITY INSTRUMENT, ITS SUCCESSORS AND ASSIGNS., as Beneficiary, dated 11/10/2006, recorded 11/16/2006, as Instrument No. 2006-106513, Deed of Trust Re-Recorded on 06/27/2012 as Instrument No. 2012-040567, and later modified by a Loan Modification Agreement recorded on 07/15/2015 as Instrument 2015-046156, in the Official Records of Clackamas County, Oregon, which covers the following described real property situated in Clackamas County, Oregon: THAT PORTION OF SECTION 25, TOWNSHIP 4 SOUTH, RANGE 1 EAST, OF THE WILLAMETTE MERIDIAN, IN THE COUNTY OF CLACKAMAS AND STATE OF OREGON, DESCRIBED AS FOLLOWS: BEGINNING ON THE NORTH LINE OF SAID SECTION 25, AT A POINT WHICH IS 899.00 FEET WEST FROM THE ONE QUARTER CORNER ON THE NORTH LINE OF THE SAID SECTION 25; THENCE SOUTH 0 02′ EAST, PARALLEL WITH THE EAST LINE OF THE NORTHWEST ONE-QUARTER OF THE SAID SECTION 25, A DISTANCE OF 1,485.11 FEET TO A POINT ON A LINE PARALLEL WITH THE SOUTH LINE OF THE NORTHEAST ONE-QUARTER OF THE NORTHWEST ONE-QUARTER OF THE SAID SECTION 25, AND 165.00 FEET SOUTHERLY THEREFROM; THENCE NORTH 89 56′ WEST, 148.28 FEET; THENCE NORTH 0 02′ WEST, PARALLEL WITH THE EAST LINE OF THE SAID NORTHWEST ONE-QUARTER OF SECTION 25, A DISTANCE OF 813.21 FEET TO THE TRUE POINT OF BEGINNING OF THE TRACT HEREIN TO BE DESCRIBED; THENCE EAST 133.28 FEET; THENCE NORTH 0 02′ WEST, 671.73 FEET TO THE NORTH LINE OF SAID SECTION 25; THENCE WEST ALONG THE NORTH LINE OF SAID SECTION 25, A DISTANCE OF 198 FEET; THENCE SOUTH 0 02′ EAST, 671.73 FEET; THENCE EAST 64.72 FEET TO THE TRUE POINT OF BEGINNING APN: 01015727 // 41E25 00702 Commonly known as: 11320 S RIGGS DAMM RD CANBY, OR 97013 The current beneficiary is: DITECH FINANCIAL LLC Both the beneficiary and the trustee have elected to sell the above-described real property to satisfy the obligations secured by the Deed of Trust and notice has been recorded pursuant to ORS 86.752(3). The default for which the foreclosure is made is the grantor’s failure to pay when due, the following sums: Delinquent Payments: Dates: No. Amount Total: 05/01/16 thru 07/01/16 3 $2,344.45 $7,033.35 08/01/16 thru 06/01/17 11 $2,308.69 $25,395.59 07/01/17 thru 08/01/17 2 $2,315.67 $4,631.34 Late Charges: $1,750.15 Beneficiary Advances: $1,138.35 Total Required to Reinstate: $39,948.78 TOTAL REQUIRED TO PAYOFF: $368,604.73 By reason of the default, the beneficiary has declared all obligations secured by the Deed of Trust immediately due and payable, including: the principal sum of $334,319.25 together with interest thereon at the rate of 6.875 % per annum, from 4/1/2016 until paid, plus all accrued late charges, and all trustee’s fees, foreclosure costs, and any sums advanced by the beneficiary pursuant to the terms and conditions of the Deed of Trust Whereof, notice hereby is given that the undersigned trustee, CLEAR RECON CORP., whose address is 111 SW Columbia Street #950, Portland, OR 97201, will on 12/26/2017, at the hour of 9:00 AM, standard time, as established by ORS 187.110, AT THE FRONT STEPS OF THE CLACKAMAS COUNTY COURTHOUSE, 807 MAIN STREET, OREGON CITY, OR 97045, sell at public auction to the highest bidder for cash the interest in the above-described real property which the grantor had or had power to convey at the time it executed the Deed of Trust, together with any interest which the grantor or his successors in interest acquired after the execution of the Deed of Trust, 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 to have the foreclosure proceeding dismissed and the Deed of Trust reinstated by payment to the beneficiary of the entire amount then due (other than the portion of principal that would not then be due had no default occurred), together with the costs, trustee’s and attorneys’ fees, and curing any other default complained of in the Notice of Default by tendering the performance required under the Deed of Trust at any time not later than 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 the Deed of Trust, the words trustee and beneficiary include their respective successors in interest, if any. Dated: 8/7/2017 CLEAR RECON CORP 111 SW Columbia Street #950 Portland, OR 97201 Phone: 858-750-7600 866-931-0036 Shella Domilos, Authorized Signatory of Trustee. Published Aug. 31, Sep. 7, 14 & 21, 2017. LOR15913335

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