NOTICE OF TRUSTEE'S SALE
Lot 10, Block 7, Reaugh Addition, Moses Lake, according to plat thereof recorded in Volume 3 of Plats, page 49, records of Grant County, Washington
I.
NOTICE IS HEREBY GIVEN that the undersigned Trustee will on the 8th day of March, 2013 at the hour of nine thirty (9:30) A.M. at 35 C St NW, Ephrata, WA 98823, sell at public auction to the highest and best bidder, payable at the time of sale, the following described real property, situated in Grant County, Washington. The property, which is not used principally for agricultural or farming purposes, is commonly known as 1107 Lakeside Drive, Moses Lake, WA 98837, bears the real property tax identification number 11-0965-000, and is described as:
Lot 10, Block 7, Reaugh Addition, Moses Lake, according to plat thereof recorded in Volume 3 of Plats, page 49, records of Grant County, Washington
which is subject to that certain Deed of Trust granted by Charles Jason Widdis, dated June 20, 2007, and recorded with the Grant County Auditor on June 29, 2007 at Auditor No. 1218179 to secure an obligation in favor of Columbia State Bank, as Beneficiary.
II.
No action commenced by the Beneficiary of the Deed of Trust or the Beneficiary’s successor is now pending to seek satisfaction of the obligation in any Court by reason of the Grantor’s default on the obligation secured by the Deed of Trust.
III.
The default(s) for which this foreclosure is made are for failure to pay when due the following amounts that are now in arrears, pursuant to promissory notes made by Lago Vista LLC, Statewide Drywall, Inc. and Advance Drywall, Inc., payment each of which is guaranteed by Mr. Widdis. The default arising under those guarantees also constituted an event of default pursuant to a Promissory Note made by Mr. Widdis.
The following sums are now due on the Promissory Note made by Mr. Widdis:
Principal: $220,151.34
Accrued unpaid interest: $ 8,536.89 (through November 30, 2012)
Late fees: $ 816.96
Other charges and fees: $ 794.64
Attorney Fees and Costs: $ 1,000.00 (estimated)
Total Due: $231,299.83
Interest is continuing to accrue at the rate of 18% or $110.08 per day on this Note.
The following sums are now due on the Promissory Note made by Lago Vista LLC:
Principal: $382,536.49
Accrued unpaid interest: $ 13,353.24 (through September 30, 2012 at the Note rate, and then through November 30, 2012 at the default rate)
Other Charges and Fees $ 1,012.28
Attorney Fees and Costs: $ 1,500.00 (estimated)
Total Due: $398,402.01
Interest is continuing to accrue at the rate of 18% or $191.27 per day on the Lago Vista LLC Note.
The following sums are now due on the Promissory Note by Statewide Drywall, Inc. dated January 15, 2009, in the original principal amount of $100,059.04, which matured on January 20, 2012.
Principal: $ 96,441.74
Accrued unpaid interest: $ 10,560.63 (through November 30, 2012)
Late Fees: $ 2,011.00
Other Charges/Fees: $ 127.41
Attorneys’ Fees and Costs: $ 1,500.00 (estimated)
Total Due: $110,640.78
The following sums are now due on the Promissory Note by Statewide Drywall, Inc. dated June 26, 2009, in the original principal amount of $25,000.00, which matured on February 20, 2012.
Principal: $24,990.81
Accrued unpaid interest: $ 2,297.76 (through November 30, 2012)
Late Fees: $ 207.53
Other Charges/Fees: $ 15.79
Attorneys’ Fees and Costs: $ 1,500.00 (estimated)
Total Due: $29,011.89
Interest is continuing to accrue at the rate of 18% or $60.716 per day on the two Statewide Drywall Notes.
The following sums are now due on the Promissory Note made by Advance Drywall, Inc.:
Principal: $ 8,923.04
Accrued unpaid interest: $ 635.75 (through November 30, 2012 at the Note rate)
Attorney Fees and Costs: $ 1,000.00 (estimated)
Total Due: $10,558.79
Interest is continuing to accrue at the rate of 18% or $4.46 per day on the Advance Drywall, Inc. Note.
IV.
The sum owing on the obligations secured by the Deed of Trust is $733,043.42, arising from the cumulative principal balances described in the tables set forth above, together with interest from the recording date of the Deed of Trust and such other costs and fees as are due under the Note or other instrument secured, and as are provided by statute.
V.
The above-described real property will be sold to satisfy the expense of sale and the obligation secured by the Deed of Trust as provided by statute. The sale will be made without warranty, express or implied, regarding title, possession, or encumbrances on the 8th day of March, 2013. The defaults referred to in paragraph III must be cured by the 25th day of February 2013 (11 days before the sale date) along with payment of other ordinarily scheduled monthly payments to cause a discontinuance of the sale. The sale will be discontinued and terminated if at any time on or before the 25th day of February 2013, the default as set forth in paragraph III is cured and the Trustee’s fees and costs are paid. The sale may be terminated any time after the 25th day of February 2013, and before the sale by the Grantor or the Grantor’s successor in interest or the holder of any recorded junior lien or encumbrance paying the entire principal and interest secured by the Deed of Trust, plus costs, fees, and advances, if any, made pursuant to the terms of the obligation and/or Deed of Trust, and curing all other defaults.
VI.
A written notice of default was transmitted by the Beneficiary or Trustee to the Grantor or the Grantor’s successor in interest at the following addresses:
POSTING AT: 1107 Lakeside Drive, Moses Lake, WA 98837 on October 23, 2012
BY FIRST CLASS AND CERTIFIED MAIL
Charles Jason Widdis
800 Camas Place
Moses Lake, WA 98837
on October 18, 2012, proof of which is in the possession of the Trustee.
VII.
The Trustee whose name and address are set forth below will provide in writing to anyone requesting it, a statement of all costs and fees due at any time prior to the sale.
VIII.
The effect of the sale will be to deprive the Grantor and all those who hold by, through or under the Grantor of all their interest in the above-described property.
IX.
Anyone having any objection to the sale on any grounds whatsoever will be afforded an opportunity to be heard as to those objections if they bring a lawsuit to restrain the sale pursuant to RCW 61.24.130. Failure to bring such a lawsuit may result in a waiver of any proper grounds for invalidating the Trustee’s sale.
X.
NOTICE TO OCCUPANTS OR TENANTS
The purchaser at the trustee's sale is entitled to possession of the property on the 20th day following the sale, as against the grantor under the deed of trust (the owner) and anyone having an interest junior to the deed of trust, including occupants who are not tenants. After the 20th day following the sale the purchaser has the right to evict occupants who are not tenants by summary proceedings under chapter 59.12 RCW. For tenant-occupied property, the purchaser shall provide a tenant with written notice in accordance with RCW 61.24.060.
SEL, Inc.
____________________________
Trustee by Thomas A. Lerner
1420 Fifth Avenue, Suite 3000
Seattle, WA 98101-2393
206-626-6000
#02006/2837986
Pub.: February 1 & 22, 2013