Re: Aster Technology AUDITOR'S COVER SHEET (Do Not Staple) DOCUMENT TITLE: Notice of Trustee's Sale REFERENCE NUMBER(S): Deed of Trust Recording No. 200501280898 GRANTOR: (TRUSTEE) Ordal Trustee Services, Inc. GRANTEE: (DEBTOR) Aster Technology Institute, LLC and Berhane M. Zerom BENEFICIARY: WADOT Capital Inc. LEGAL DESCRIPTION: Parcel A: The west 74.5 feet of Lots 25 and 26, Block 1111, Map of New Tacoma, Washington Territory, according to the plat filed for record February 3, 1875, in Pierce County, Washington. Parcel B: The easterly 45 ½ feet of Lots 25 and 26, Block 1111, Map of New Tacoma, Washington Territory, according to plat filed for record February 3, 1875, records of Pierce County Auditor. ASSESSOR'S PROPERTY TAX PARCEL/ACCOUNT NUMBERS 201111-015-0 2011111-016-0 NOTICE OF TRUSTEE'S SALE Pursuant to the Revised Code of Washington Chapter 61.24, et seq. 1. NOTICE IS HEREBY GIVEN that the undersigned Trustee will on the 15th day of July 2016, at the hour of 9:30 a.m., at the Second Floor Entry Plaza Outside Pierce County Courthouse, 930 Tacoma Ave South, Tacoma, Washington, in the City of Tacoma, 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: Parcel A: The west 74.5 feet of Lots 25 and 26, Block 1111, Map of New Tacoma, Washington Territory, according to the plat filed for record February 3, 1875, in Pierce County, Washington. Parcel B: The easterly 45 ½ feet of Lots 25 and 26, Block 1111, Map of New Tacoma, Washington Territory, according to plat filed for record February 3, 1875, records of Pierce County Auditor. (commonly known as: 1151 and 1153 Tacoma Avenue South) which is subject to that certain Deed of Trust dated 21 January 2005, recorded on 28 January 2005, under Pierce County Auditor's No. 200501280898, records of Pierce County, Washington, from Aster Technology Institute, LLC and Berhane M. Zerom, as Grantors, to Rainier Title Company as Trustee, to secure an obligation in favor of Honeycutt Properties, L.L.C., as Beneficiary, the beneficial interest in which was assigned, by successive assignments, to WADOT Capital, Inc. under an Assignment recorded under Auditor's File No. 201503160615. 2. 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. 3. The defaults for which this foreclosure is made are as follows: Failure to pay when due the following amounts which are now in arrears: Principal balance due on 25 January 2015 $531,434.23 Payments due 1 February 2013 – 1 January 2015 $109,238.40 Unpaid interest $7,357.25 Default interest @ $162.38 per diem $3,897.12 1 January 2015 – 24 January 2015 Default interest @ $199.20 per diem from 25 January 2015 – 1 April 2016 $86,054.40 Late charges due 1 February 2013 – 1 January 2015 $5,461.92 2013 property taxes paid 29 October 2015 $14,615.30 11% interest on advanced property taxes $692.23 5% balloon late charge $26,571.71 TOTAL: $785,322.56 4. The sum currently owing on the obligation secured by the Deed of Trust is: principal of $531,434.23, together with interest as provided in the note or other instrument secured, from 1 February 2013, applicable late charges and advances, and such other costs and fees as are due under the note or other instrument secured, and as are provided by statute. 5. 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 15th day of July 2016. The default referred to in Paragraph 3 must be cured by the time of the auction sale to cause a discontinuance of the sale. The sale will be discontinued and terminated if at any time before the time of the auction sale the default as set forth in Paragraph 3, together with any subsequent payments, late charges and advances, is cured, and the Trustee's fees and costs are paid. The sale may be terminated any time up to the time of the auction sale by the Borrower, Grantor, any Guarantor, or 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. 6. A written Notice of Default was transmitted by the Trustee or Beneficiary to the Borrower and Grantor at the following addresses: Advance LLC P.O. Box 7903 Tacoma, WA 98417 Advance LLC 1153 Tacoma Ave. Tacoma, WA 98402 Boysayna Abdelkader, Guarantor 1153 Tacoma Ave. Tacoma, WA 98402 Boysayna Abdelkader, Guarantor 4636 N. Bristol Tacoma, WA 98406 Aster Technology Institute, LLC 5034 South Trafton Tacoma, WA 98409 Aster Technology Institute, LLC Berhane M. Zerom, R.A. 5034 South Trafton Tacoma, WA 98409 Boysayna Abdelkader 5034 South Trafton Tacoma, WA 98409 Boysayna Abdelkader, Guarantor 5034 South Trafton Tacoma, WA 98409 Boysayna Abdelkader P.O. Box 7903 Tacoma, WA 98417 Boysayna Abdelkader, Guarantor P.O. Box 7903 Tacoma, WA 98417 by both first class and certified mail on the 1st day of March 2016; and on the 1st day of March 2016 the Notice of Default was posted in a conspicuous place on the real property described in Paragraph 1, or the Borrower and Grantor were personally served with the Notice of Default. The Trustee has in the Trustee's possession proof of mailing and posting or personal service. 7. 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. 8. The effect of the sale will be to deprive the Grantor and all those who hold by, through or under the Grantor of all interest in the above described property. 9. 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. All inquiries regarding this foreclosure action must be directed to Robert E. Ordal, at the address/telephone number set forth below. 10. 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. 11. Guarantors of a commercial loan: (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) The guarantor has 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; (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. ORDAL TRUSTEE SERVICES, INC., TRUSTEE By Robert E. Ordal, President Suite 1750, 1000 Second Avenue Seattle, Washington 98104 (206) 624 5823 IDX-701392 June 14, July 5