Re: #3 ACH Holdings NOTICE OF TRUSTEE'S SALE Grantor: Shannon R. Jones, Successor Trustee Grantee: John J. Monjazi Reference Numbers of Documents Assigned or Released: 200511300441 Legal Description: Lot 81 of Lake Josephine Riviera No. 3, according to the plat recorded in Book 32 of Plats, Pages 44 and 45, Records of Pierce County Auditor, Situate in the County of Pierce, State of Washington. Complete Legal is on Page 1 of Document Assessor's Tax Parcel No.: 5017300810 WE ARE A DEBT COLLECTOR. THIS COMMUNICATION IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USEDFOR THAT PURPOSE. NOTICE IS HEREBY GIVEN that Shannon R. Jones, as Trustee or Successor Trustee under the terms of the Trust Deed described below and at the direction of the Beneficiary, will at the time and place set forth below, sell at public auction to the highest and best bidder, payable in cash or certified funds at the time of sale, the real property with the assessor's Property Tax Parcel No.5017840290 described as follows: Lot 81 of Lake Josephine Riviera No. 3, according to the plat recorded in Book 32 of Plats, Pages 44 and 45, Records of Pierce County Auditor, Situate in the County of Pierce, State of Washington. Said property commonly known as: 12106 County Club Drive, Anderson Island, Washington A. TIME AND PLACE OF SALE: TIME AND DATE: ^Friday, May 11, 2012, at 10:00 a.m. PLACE: ^Puyallup Post Office, 204 2nd Street, S.W., in the City of Puyallup, State of WashingtonB. PARTIES IN THE TRUST DEED: TRUSTOR: ^John J. Monjazi TRUSTEE: ^Grays Harbor Title Company BENEFICIARY: ^National Recreational Properties of Washington, LLC SUCCESSOR TRUSTEE: ^Shannon R. Jones SUCCESSOR BENEFICIARY: ACH Holdings, LLC C. TRUST DEED INFORMATION: DATED: ^October 1, 2005 RECORDING DATE: ^November 30, 2005 RECORDING NO.: ^200511300441 RECORDING PLACE: Official Records of the County of Pierce 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 Debtor's default on the obligation secured by the Deed of Trust. The Beneficiary alleges default of the Deed of Trust for the failure to pay the following amounts now in arrears and/ or other defaults, to wit: A. Balance Due: ^$44,254.97 B. Taxes: ^$1,391.14 C. Other Arrears: ^$2,986.93 TOTAL AMOUNT CURRENTLY IN ARREARS & DELINQUENT: ^$48,633.04 D. Default(s) other than payment of money: None The sum owing on the obligation secured by the Deed of Trust is: THE PRINCIPAL BALANCE OF $44,254.97, together with interest as provided in the Note or other instrument secured from February, 3 2012 and such other costs and fees as are due under the Note or other instrument secured, and as are provided by statute. 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 as set forth above. The default(s) referred to in Paragraph III must be cured by the FINAL REINSTATEMENT DATE set forth below which is eleven (11) days before the sale, to cause a discontinuance of the sale. The sale will be discontinued and terminated if at any time on or before the FINAL REINSTATEMENT DATE (11 days before the sale date) and before the sale by the Grantor or by the Grantor's successor in interest or by the holder of any recorded junior lien or encumbrance by 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, plus the Trustee's fees and costs including the Trustee's reasonable attorney's fees, and curing all other defaults. FINAL REINSTATEMENT DATE: April 30, 2012 A written Notice of Default was transmitted by the Beneficiary or Trustee to the Debtor or Debtor's successor in interest by both first class and certified mail as set forth below, proof of which is in the possession of the Trustee; and the Grantor or the Grantor's successor in interest was personally served with said written Notice of Default, or the written Notice of Default was posted in a conspicuous place on the real property described herein, as set forth below, and the Trustee has possession of proof of such service or posting. Date of mailing Notice of Default: ^June 16, 2011 Date of posting real property: ^June 26, 2011 After receiving a request for a statement of all costs and fees due at any time prior to the sale from any person entitled to notice under RCW 61.24.040(1)(b) the Trustee whose name and address are set forth below will provide the requested statement in writing to such person. The effect of the sale will be to deprive the Debtor and all those who hold by, through, or under the Debtor of all their interest in the above-described property. 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. SPECIAL NOTICE TO GUARANTORS If any of the parties receiving this notice are guarantors of the obligations referenced above, each such guarantor (individually and collectively, "Guarantor") is hereby notified that: (1) 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) Guarantor has the same rights to reinstate the debt, cure the default, or repay the debt as given to the grantor in order to avoid any trustee's sale; (3) 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 obligation reference above; and (5) in any action for a deficiency, Guarantor will have the right to establish the fair market 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. NOTICE TO OCCUPANTS OR TENANTS The foreclosure process has begun on this property, which may affect your right to continue to live in the property. Ninety (90) days or more after the date of this notice, this property may be sold at foreclosure. If you are renting this property, the new property owner may either give you a new rental agreement or provide you with a ninety (90) day notice to vacate the property. You may wish to contact a lawyer or your local legal aid or housing counseling agency to discuses any rights that you may have. For further information, please contact: Shannon R. Jones Campbell, Dille, Barnett, & Smith 317 South Meridian Puyallup, Washington 98371 (253) 845-4941 DATED this 3rd day of February, 2012. /s/Shannon R. Jones, Trustee Address: 317 S. Meridian Puyallup, WA 98371 Telephone: (253) 848-3513 STATE OF WASHINGTON)ss. COUNTY OF PIERCE) On this day personally appeared before me Shannon R. Jones, to me known to be the person 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 3rd day of February, 2012. /s/Toni M. Conway Printed Name: Toni M Conway NOTARY PUBLIC in and for the State of Washington, residing at Puyallup My commission expires: 9-6-12 April 12, May 3