Re: Pelly Investments, LLC AUDITOR/RECORDER'S INDEXING FORM Document Title(s): 1.Notice of Trustee's Sale Reference Number(s) of Documents assigned or released: 20051041188 (Deed of Trust) 201407180723 (Assignment) Grantor(s): 1.Carl J. Carlson (Successor Trustee) Additional names on page ofdocument Grantee(s): ReadyCap Lending, LLC Additional names on page of document Legal Description (abbreviated): PTN OF LOT 9 & LOTS 10 11, BLK 5 CARROLL AND HANNAH ADD., BK 2, PG. 7 Assessor's Property Tax Parcel/Account Number: 285500-0300 NOTICE OF TRUSTEE'S SALE PURSUANT TO REVISED CODE OF WASHINGTON CHAPTER 61.24 I. NOTICE IS HEREBY GIVEN that the undersigned successor Trustee will, on August 14, 2015, at the hour of 10:00 a.m. at the 2nd floor entry plaza to the Pierce County Superior Courthouse located at 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 Pierce County, State of Washington, to wit: THE NORTH 15 FEET OF LOT 9, ALL OF LOTS 10 AND 11, BLOCK 5, CARROLL AND HANNAH ADDITION, ACCORDING TO PLAT RECORDED IN BOOK 2 OF PLATS AT PAGE 7, IN PIERCE COUNTY, WASHINGTON TOGETHER WITH ANY PORTION OF SAID LOT 9 LYING NORTH OF THE BOUNDARY WALL DESCRIBED IN BOUNDARY WALL AGREEMENT RECORDED UNDER RECORDING NUMBER 2169489 Assessor's Tax Parcel No: 285500-0300 The street address of the Property is commonly known as: 2721 Ash Street, Tacoma, Washington 98409 (hereafter referred to as the "Property") which is subject to that certain deed of trust (the "Deed of Trust"), dated October 14, 2005, and recorded on October 14, 2005, in the records of Pierce County, Washington, under Auditor's File No. 200510141188 in which, CIT Small Business Lending Corporation (the "original Beneficiary"), Pelley Investments LLC is the grantor and Ticor Title Company is trustee, an Assignment of Leases and Rents (the "ALR") dated October 14, 2005, and recorded on October 14, 2005, in the records of Pierce County, Washington, under Auditor's File No. 200510141189; an Assignment of Mortgage relating to the Deed of Trust, dated May 16, 2014, and recorded on July 18, 2014, in the records of Pierce County, Washington, under Auditor's File No. 201407180723, in which the beneficial interest was assigned to secure an obligation in favor of ReadyCap Lending, LLC as the current beneficiary (the "current Beneficiary"); and an Assignment of Assignment of Rent and Leases relating to the ALR dated May 6, 2014, and recorded on July 18, 2014, in the records of Pierce County, Washington, under Auditor's File No. 201407180722, in which the assignee's interest was assigned to secure an obligation in favor of ReadyCap Lending, LLC as the current assignee. II. No action was commenced by the current 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 or the ALR. III. The default for which this foreclosure is made is as follows: (a) Failure to pay to the current Beneficiary in accordance with the agreement in the Deed of Trust and the amounts owed under the Promissory Note dated October 14, 2005, which are now in arrears: Monthly Payments in Default (4/1/2014-5/1/2015) (Principal & Interest)^$45,239.95 Late Charges^7,327.50 Total Amount Due^$$52,567.45 (b) Failure to pay property taxes from 2012-2015 in the current amount of $26,962.82. IV. The sum owing on the obligation secured by the Deed of Trust is: Principal balance of $398,488.53 together with interest as provided in the Promissory Note or other instrument secured, and such other costs and fees as are due under the Promissory 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 August 14, 2015. The default(s) referred to in Paragraph III must be cured by August 3, 2015 (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 August 3, 2015 (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 August 3, 2015 (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, 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 current Beneficiary or Trustee to the borrower and Grantor at the following addresses: TO: Pelly Investments LLC 2721 South Ash Street Tacoma WA 98409 Pelly Investments LLC Steve Anderson, Registered Agent 2721 South Ash Street Tacoma, WA 98409 Pelly Investments LLC Steve J. Anderson, Member 2721 South Ash Street Tacoma, WA 98409 Pelly Investments LLC Steve J. Anderson, President 2721 South Ash Street Tacoma, WA 98409 SJA Electric, LLC 2721 South Ash Street Tacoma, WA 98409 SJA Electric, LLC Steve Anderson, Registered Agent 2721 South Ash Street Tacoma, WA 98409 SJA Electric Inc. 2721 South Ash Street Tacoma, WA 98409 SJA Electric Inc. Steve Anderson, Registered Agent 2721 South Ash Street Tacoma, WA 98409 SJA Electric Inc. DBA BB Electric 2721 South Ash Street Tacoma, WA 98409 SJA Electric Inc. DBA BB Electric Steve Anderson, Registered Agent 2721 South Ash Street Tacoma, WA 98409 SJA Electric Inc. Steve Anderson, President 2721 South Ash Street Tacoma, WA 98409 SJA Electric Inc. Kim Anderson, Secretary 2721 South Ash Street Tacoma, WA 98409 Kimberley K. Anderson, Guarantor 2721 South Ash Street Tacoma WA 98409 Steve James Anderson, Guarantor 2721 South Ash Street Tacoma WA 98409 Steve James Anderson, Guarantor 9414 173rd Street Court East Puyallup. WA 98374 Kimberley K. Anderson, Guarantor 9414 173rd Street Court East Puyallup, WA 98374 Property Address: 2721 South Ash Street Tacoma WA 98409 SJA Electric, LLC Steve Anderson, Member 2721 South Ash Street Tacoma, WA 98409 by both first-class and certified mail on October 22, 2014, proof of which is in the possession of the Trustee; the written notice of default was posted in a conspicuous place on the real property described in paragraph I above, 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 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 objection to this 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 RCW 59.12. For tenant-occupied property the purchaser shall provide a tenant with written notice in accordance with RCW 61.24.060. NOTICE TO GUARANTORS. If you are
a guarantor of a loan obligation secured by the Deed of Trust, please be aware that you may be liable for a deficiency judgment to the extent that the sale price obtained at the trustee's sale is less than the debt secured by the Deed of Trust. A 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. A guarantor has no right to redeem the property after the trustee's sale. Subject to such longer periods as are provided in RCW Chapter 61.24, 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. 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 the guarantor's 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. This is an attempt to collect a debt and any information obtained will be used for that purpose. DATED this 12 day of May 2015. TRUSTEE: CARL J. CARLSON By: /s/CARL J. CARLSON Trustee c/o Tousley Brain & Stephens, LLC 1700 Seventh Avenue, Suite 2200 Seattle, Washington 981014416 Telephone: (206) 682-5600 July 14, August 3