Re: Clark Richard & Karen NOTICE OF TRUSTEE'S SALE PURSUANT TO THE REVISED CODE OF WASHINGTON CHAPTER 61.24 Grantor: TRUSTEE AND CORPORATE SERVICES, INC. Grantee: GRAHAME A. CLARK Legal Description (abbreviated): PTN. LOTS 17-18, BLK. 9120, THE TACOMA LAND CO.'S 6TH ADD. TO TACOMA, W.T.ACC TO PLAT REC MAR 2, 1989 Full legal description attached on Exhibit A hereto. Assessor's Tax Parcel No. 8935023920 Recording No. of Deed of Trust 200711300084; 200909230844 I. NOTICE IS HEREBY GIVEN that the undersigned Trustee will on the 4th day of October, 2013, at the hour of ten o'clock a.m., at the 2nd floor entry plaza outside the County Courthouse, 930 Tacoma Avenue South, Tacoma, Pierce County, Washington, sell at public auction to the highest and best bidder, payable at the time of sale, the real property, situated in the County of Pierce, State of Washington, and legally described on Exhibit A hereto, together with the personal property described on Exhibit A-1 hereto (the "Property"), which is subject to that certain Short Form Deed of Trust (the "Deed of Trust") dated as of November 16, 2007, recorded on November 30, 2007, under Recording Number 200711300084 in the Real Property Records of Pierce County, Washington, from GRAHAME A. CLARK, an unmarried man ("Borrower"), as Grantor, to ROBERT B. SPITZER, ESQ., as Trustee, in favor of COVENANT MORTGAGE CORPORATION, a Washington corporation, as Beneficiary ("Beneficiary"), which was assigned to 1ST SECURITY BANK OF WASHINGTON, under the Assignment Deed of Trust dated September 17, 2009, recorded on September 23, 2009, under Recording Number 200909230844 in the Real Property Records of Pierce County, Washington, in order to secure obligations owing by Borrower to the Beneficiary, which obligations were guaranteed by RICHARD A. CLARK and KAREN D. CLARK, husband and wife (collectively, "Guarantor"). 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 default on the obligations secured by the Deed of Trust. III. The defaults for which this foreclosure is made are as follows: (a) Failure to pay the following amounts which are now in arrears: (i) Failure to pay in full all amounts owed to Beneficiary under the Promissory Note dated November 20, 2007 in the original principal amount of $194,600.00 ("Note"), secured by the Deed of Trust, by the maturity date of June 20, 2009. (b) Failure to pay real property taxes prior to delinquency. IV. The sum owing on the obligation secured by the Deed of Trust is: Principal $173,602.67, together with interest as provided in the Note from the 14th day of September, 2010, and such other costs and fees as are due under the Note secured by the Deed of Trust, and as are provided by statute. V. The 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 4th day of October, 2013. The defaults referred to in Paragraph III must be cured by the 23rd day of September, 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 23rd day of September, 2013 (11 days before the sale date), the defaults as set forth in Paragraph III are cured and the Trustee's fees and costs are paid. The sale may be terminated any time after the 23rd day of September, 2013 (11 days before the sale date), and before the sale by the Borrower, 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, and curing all other defaults. VI. A written Notice of Default was transmitted by the Trustee to the Borrower and the Guarantor at the following addresses: Grahame A. Clark P.O. Box 766 Snoqualmie, WA 98065 Richard A. Clark and Karen D. Clark P.O. Box 766 Snoqualmie, WA 98065 by both first class and certified mail on the 24th day of May, 2013, proof of which is in possession of the Trustee; and the written notice of default was posted in a conspicuous place on the real property described in paragraph I above on May 28, 2013, 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 Borrower and all those who hold by, through or under the Borrower 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. SPECIAL NOTICE TO GUARANTOR Pursuant to RCW 61.24.042, Guarantor is hereby notified as follows: (1) Guarantor may be liable for a deficiency judgment to the extent the sale price for the Property 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 are given to the Borrower in order to avoid the 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 (RCW Ch. 61.24), any action brought to enforce a guaranty must be commenced within one (1) year after the trustee's sale, or the last trustee's sale under any deed of trust granted to secure the same debt. (5) In any action for a deficiency, Guarantor will have the right to establish the fair value of the Property as of the date of the trustee's sale, less any prior liens and encumbrances, and to limit Guarantor's liability for a deficiency to the difference between the debt and the greater of such fair value or the sales price paid at the trustee's sale, plus interest and costs. DATED: June 28, 2013. TRUSTEE AND CORPORATE SERVICES, INC., Successor Trustee By: Jeffrey M. Hawkinson, Vice President Address of Trustee: Trustee and Corporate Services, Inc. 1000 Second Avenue, Suite 2950 Seattle, WA 98104 Telephone: 206-625-1711 Attn: Jeffrey M. Hawkinson EXHIBIT A LEGAL DESCRIPTION The real property ("Property") located in Pierce County, Washington and legally described as follows: LOT 17 AND THE NORTH HALF OF LOT 18, BLOCK 9120, THE TACOMA LAND COMPANY'S SIXTH ADDITION TO TACOMA, W.T., ACCORDING TO THE PLAT THEREOF RECORDED MARCH 2, 1989, IN PIERCE COUNTY, WASHINGTON. SITUATED IN PIERCE COUNTY, STATE OF WASHINGTON Property address: 4134 S. Thompson Avenue, Tacoma, WA 98418. EXHIBIT A-1 DESCRIPTION OF PERSONAL PROPERTY Together with all "Plans and Permits," "Leases," "Rents," "Personal Property," "Intangibles", "Proceeds," and "Deposits," and other "Property," as such terms are defined in the Deed of Trust. August 30, September 20