#1/Edgewood Holdings, LLC Document Title: Notice of Trustee's Sale Reference Nos. of Documents Assigned or released: 200803250807, 201101180053 Grantor: Edgewood Holdings, LLC Grantee: Blackbird Wolf Point LLC Legal Description (abbreviated): Section 16 Township 20 Range 04 Quarter 14 Parcel 2 of DBLR 2008-03-14-5001 desc as L2 of SP77-169 exc E4 ft of N209 ft tog/E 30 ft of L1 of SD S P out of 5-007 & 5-006 SEG 2009-0040 06/27/08CL Full legal description on page 2. Assessor's Tax Parcel ID#: 0420165030 NOTICE OF TRUSTEE'S SALE Pursuant to the Revised Code of Washington, Chapter 61.24 RCW To: Edgewood Holdings, LLC c/o H. Thomas Wick, Member/ Manager of Base Capital, LLC, Manager of Edgewood Holdings, LLC 411108th Ave NE, Suite 1970 Bellevue, WA 98004 Base Capital, LLC c/o Dick Hooper Pivotal Solutions Inc. 451 SW 10th St., Suite 107 Renton, WA 98057 H. Thomas Wick P.O. Box 759 Kirkland, WA 98083 I. NOTICE IS HEREBY GIVEN that the undersigned Successor Trustee will on the 19th day of April, 2013, at the hour of 9:30 a.m., at the Tacoma Avenue entrance to the County-City Building, 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: Lot 2, as shown on Short Plat Number 77-169, filed with the Pierce County Auditor, in Pierce County, Washington. Except the East 4.00 feet of the North 209.00 feet. Together with the East 30 feet of Lot 1, as shown on Short Plat No. 77169, filed with the Pierce County Auditor, in Pierce County, Washington. Also known as revised Parcel 2 of Boundary Line Adjustment recorded March 14, 2008 under Recording No. 200803145001. Situate in the County of Pierce, State of Washington. (more commonly known as 9810 36th Street East, Edgewood, WA 98371), which is subject to that certain Deed of Trust dated March 19, 2008, recorded March 25, 2008, under Auditor's No. 200803250807, records of Pierce County, Washington from Edgewood Holdings, LLC, as Grantor, to Trustee Services, Inc., as Trustee, to secure an obligation in favor of Puget Sound Bank, as Beneficiary, which Deed of Trust was modified by an instrument recorded 1/18/11 under Pierce County Recorder's No. 201101180053. The beneficial interest in the Deed of Trust was assigned by Puget Sound Bank to James F. Brown by Assignment recorded 12/ 31/2012 under Auditor's File No. 201212311058, and was assigned by James F. Brown to Blackbird Wolf Point LLC, by Assignment recorded 1/ 14/13 under Auditor's File No. 201301140565. 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(s) for which this foreclosure is made is/are as follows: Failure to pay the following amounts which are now in arrears: I. Principal balance on promissory note due 9/1/11 ^$2,544,990.00 Unpaid interest as of 12/3/10 ^18,928.36 Interest at the note rate from 12/3/1012/31/10 ($300.45 x 28 days) ^8,412.60 Interest at the default rate of 9.25% from 1/1/1112/31/12 ^497,948.90 Interest at the default rate of 9.25% 1/1/131/18/13 ($788.97 x 18 days) ^14,201.46 II. Principal balance on promissory note due 9/1/11 ^$702,000.00 Unpaid interest as of 12/3/10 ^6,834.21 Interest at the note rate from 12/3/1012/31/10 ($107.25 x 28 days) ^3,003.00 Interest at the default rate of 10.5% from 1/1/11 to 12/31/12 ^157,333.83 Interest at the default rate of 10.5% 1/1/131/18/13 ($253.51 x 18 days) ^4,563.18 Posting, mailing Notice of Default ^128.85 Trustee's Sale Guarantee ^4,120.49 Attorney's/Trustee's fee ^1,500.00 TOTAL AMOUNTS IN DEFAULT: ^$3,963,964.88 Other Defaults: Delinquent real property taxes as follows (not including any penalties or interest): 2010 taxes in the amount of ^$3,454.53 2011 taxes in the amount of ^$3,143.82 2012 taxes in the amount of ^$2,315.89 ^$8,914.24 ^$8,914.24 IV. The sums owing on the obligations secured by the Deed of Trust are: (1) principal $2,544,990.00 together with interest at the note rate in the amount of $27,340.96, and interest at the default rate which will accrue at the rate of $788.97 per diem as provided in the first promissory note from January 1, 2011; and (2) principal $702,000.00 together with interest at the note rate in the amount of $9,837.21, and interest at the default rate which will accrue at the rate of $253.51 per diem as provided in the second promissory note from January 1, 2011; 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 19th day of April, 2013. The defaults referred to in paragraph III must be cured by the 8th day of April, 2013 (11 days before the sale date) to cause a discontinuance of the sale. The sale will be discontinued and terminated if at any time on or before the 8th day of April, 2013 (11 days before the sale date) the defaults as set forth in paragraph III are cured and the Successor Trustee's fees and costs are paid. The sale may be terminated any time after the 8th day of April, 2013 (11 days before the sale date) 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, attorney fees, and advances, if any, made pursuant to the terms of the obligation and/or Deed of Trust, and curing all other defaults. This is an attempt to collect a debt and any information obtained will be used for that purpose. VI. A written notice of default was transmitted by the Beneficiary or Successor Trustee to the Borrower and Grantor at the following addresses: via first class & certified mail: Edgewood Holdings, LLC c/o H. Thomas Wick, Member/ Manager of Base Capital, LLC, Manager of Edgewood Holdings, LLC 411108th Ave NE, Suite 1970 Bellevue, WA 98004 via first class & certified mail: Base Capital, LLC c/o Dick Hooper Pivotal Solutions Inc. 451 SW 10th St., Suite 107 Renton, WA 98057 via first class mail only: H. Thomas Wick P.O. Box 759 Kirkland, WA 98083 on the 21st day of November, 2012, proof of which is in the possession of the Successor Trustee; and the Borrower and Grantor were personally served on 26th day of November, 2012, or the written notice of default was posted in a conspicuous place on the real property described in paragraph 1 above, and the Successor Trustee has possession of proof of such service or posting. VII. The Successor 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 objections 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 Successor Trustee's sale. X. Notice to Guarantors (1) The Guarantor 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; (2) The Guarantor has the same right 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; (3) The Guarantor will have no right to redeem the property after the Trustee's Sale; (4) 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; and (5) in any action for a deficiency, the Guarantor 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. DATE: __, 2013 WOLFSTONE, PANCHOT & BLOCH, P.S., INC. Successor Trustee By /s/Andrew Rapp 1111 Third Avenue, Suite 1800 Seattle, WA 98101 Telephone (206)682-3840 March 15, April 5