Re: Partner Fund LLC DOCUMENT TITLE: Notice of Trustee's Sale GRANTOR: SOUTH SOUND TRUSTEE SERVICES, LLC, Trustee; RAYMOND ALFRED PIEREN, Beneficiary GRANTEE: PARTNER FUND, LLC, a Washington Limited Liability Company LEGAL DESCRIPTION: PTN GOV LOT 4 SEC 6 TWN 21N RNG 1E ASSESSOR'S PROPERTY TAX PARCEL NO. 012106-2021 NOTICE OF TRUSTEE'S SALE I. NOTICE IS HEREBY GIVEN that the undersigned Trustee will on the 18th day of September, 2015 at the hour of 10 o'clock a.m. at the main entrance to the Pierce County Courthouse, 930 Tacoma Avenue South in the City of Tacoma, State of Washington, sell at public auction to the highest and best bidder, payable at the time of sale, the following described real property, situated in the County of Pierce, State of Washington, to-wit: Beginning 760 feet South and 482 feet East of the Northwest corner of Government Lot 4 in Section 6, Township 21 North, Range 1 East, W.M. in Pierce County, Washington; Thence North 47 feet; Thence East 280 feet, more or less, to the meander line of Glencove, Thence South 44ø15' 65.61 feet along said meander line; Thence West 325.78 feet to the point of beginning; except Vaughn-Glencove County Road Situate in the County of Pierce, State of Washington Tax Account No.: 0121062021 With street addresses of: 9410 Glencove Road KP N, Gig Harbor, WA 98329 which is subject to that certain Deed of Trust dated November 27, 2013, recorded November 27, 2013, under Auditor's File No. 201311270536, records of Pierce County, Washington, from PARTNER FUND, LLC, as Grantor, to FIDELITY NATIONAL TITLE COMPANY, as Trustee, to secure an obligation in favor of RAYMOND ALFRED PIEREN, as Beneficiary. II. No action commenced by the beneficiary of the Deed of Trust is now pending to seek satisfaction of the obligation in any Court by reason of the Borrower's or Grantor's default on the obligation secured by the Deed of Trust. III. The default for which this foreclosure is made is as follows: Failure to pay when due the following amounts which are now in arrears: Total principal due in the amount of: ^$170,000.00 Delinquent Interest at 13% ^$32,090.44 Default Interest at an additional 7% ^$16,953.56 Late Charges of 10% of each monthly installment ^$4,904.40 Real property taxes ^$1,967.64 ^plus penalties and interest IV. The sum owing on the obligation secured by the Deed of Trust is: Principal $170,000.00, together with interest as provided in the note or other instrument secured from the 27th day of December, 2013 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 18th day of September, 2015. The default referred to in paragraph III must be cured by the 11th day of September, 2015, to cause a discontinuance of the sale. The sale will be discontinued and terminated if at any time on or before the11th day of September, 2015, 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 11th day of September 2015, and before the sale by the Borrower, Grantor, any Guarantor, 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 Borrower and Grantor at the following addresses: Partner Fund, LLC 3216 South Tacoma Way, Ste 200 Tacoma, WA 98409-4725 Partner Fund, LLC 9410 Glencove Road KP N Gig Harbor, WA 98329 by both first class and certified mail on the 18th day of December, 2014, proof of which is in the possession of the Trustee; and the written notice of default was posted on the 22nd day of February, 2015, in a conspicuous place on the real property described in paragraph I above, and the Trustee has possession of proof of such posting. 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. XI NOTICE TO GUARANTORS (A) The GUARANTOR(S) may be liable for a deficiency judgment to the extent the sale price obtained at the trustee's sale is less than the debt secured by the deed of trust. (B) The GUARANTOR(S) has (have) the same rights to reinstate the debt, cure the default, or repay the debt as is given to the grantor in order to avoid the trustee's sale.(C) The GUARANTOR(S) will have no right to redeem the property after the trustee's sale. (D) Subject to such longer periods as are provided in the Washington Deed of Trust Act, chapter 61.24 RCW, any action brought to enforce a guaranty must be commenced within one year after the trustee's sale, or the last trustee's sale under any deed of trust granted to secure the same debt. (E) In any action for a deficiency, the GUARANTOR(S) will have the right to establish the fair value of the property as of the date of the trustee's sale, less prior liens and encumbrances, and to limit its liability for a deficiency to the difference between the debt and the greater of such fair value or the sale price paid at the trustee's sale, plus interest and costs. SOUTH SOUND TRUSTEE SERVICES, LLC /s/ RICHARD T. HOSS, Member 236 West Birch Street Shelton, WA 98584 360-426-2999 STATE OF WASHINGTON)ss. COUNTY OF MASON) On this day personally appeared before me SOUTH SOUND TRUSTEE SERVICES, LLC, to be known to be the individual described in and who executed the within and foregoing instrument, and acknowledged that he signed the same as his free and voluntary act and deed, for the uses and purposes therein mentioned. GIVEN under my hand and official seal this 10 day of June, 2015. /s/ Danielle M. May PRINT NAME: Danielle M. May NOTARY PUBLIC IN AND FOR THE STATE OF WASHINGTON, residing at Shelton My commission expires: 02/08/2017 August 19, September 9