Re: P&D Petersen Properties NOTICE OF TRUSTEE'S SALE PURSUANT TO THE REVISED CODE OF WASHINGTON CHAPTER 61.24 Grantor: TRUSTEE AND CORPORATE SERVICES, INC. Grantee: P&D PETERSEN PROPERTIES, LLC P&D PETERSEN PROPERTIES LIMITED LIABILITY COMPANY Legal Description (abbreviated): PARCELB, BLA NO. 200009075003 Full legal description attached on Exhibit A hereto. Assessor's Tax Parcel No. 7980000091 Recording No. of Deed of Trust 200502280804 I. NOTICE IS HEREBY GIVEN that the undersigned Trustee will on the 6th day of September, 2013, at the hour of ten o'clockÿa.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 Deed of Trust and Fixture Filing (the "Deed of Trust") dated as of February 28, 2005, recorded on February 28, 2005, under Recording Number 200502280804 in the Real Property Records of Pierce County, Washington, from P&D PETERSEN PROPERTIES, LLC, a Washington limited liability company ("Borrower"), as Grantor, to PUGET SOUND TITLE COMPANY, as Trustee, in favor of 1ST SECURITY BANK OF WASHINGTON, a banking institution organized and existing under the laws of the State of Washington, as Beneficiary ("Beneficiary"), in order to secure obligations owing by Borrower to the Beneficiary, which obligations were guaranteed by DONALD E. PETERSEN and PAMELA J. PETERSEN, husband and wife ("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 make the interest payment in the amount of $3,562.52 when due on March 1, 2012. (ii) Failure to pay the late charge of $178.13 when due on March 11, 2012. (iii) Failure to make the principal and interest payment of $6,393.42 when due on April 1, 2012. (iv) Failure to pay the late charge of $319.67 when due on April 11, 2012. (v) Failure to pay the entire accelerated principal balance of the Loan and all accrued interest upon Lender's demand on April 30, 2012. (b) Failure to pay 2012 and the first half of 2013 property taxes, interest and penalties. IV. The sum owing on the obligation secured by the Deed of Trust is: Principal $950,003.21, together with interest as provided in the Note from the 1st day of March, 2012, 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 6th day of September, 2013. The defaults referred to in Paragraph III must be cured by the 26th day of August, 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 26th day of August, 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 26th day of August, 2013 (11ÿdays 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: P&D Peterson Properties LLC 1127 Lake Vista Blvd. Spanaway, WA 98387 Attn: Donald Peterson Donald E. Peterson 1127 Lake Vista Blvd. Spanaway, WA 98387 Pamela J. Peterson 1127 Lake Vista Blvd. Spanaway, WA 98387 by both first class and certified mail on the 26th day of April, 2013, proof of which is in possession of the Trustee; and the Borrower and Grantor were personally served on the 29th day of April, 2013, with said written Notice of Default, and the Trustee has possession of proof of such service. 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 3, 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 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: PARCEL B OF BOUNDARY LINE ADJUSTMENT N. 200009075003, AS PER PLAT RECORDED SEPTEMBER 7, 2000 UNDER RECORDING NO. 200009075003, RECORDS OF PIERCE COUNTY, WASHINGTON. Property Address: 5401 104th St E, Puyallup, WA 98373. EXHIBIT A-1 DESCRIPTION OF PERSONAL PROPERTY Together with all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter part of the property, all replacements and additions, all rents and leases, and all extensions, renewals or modification
s of said rents and leases. August 7, 28