NOTICE OF TRUSTEE'S SALE OF COMMERCIAL LOAN

NOTICE OF TRUSTEE’S SALE

OF COMMERCIAL LOAN

Pursuant to the Revised Code of Washington,

Chapter 61.24 RCW

Grantor/Borrower:

Lilac City, LLC dba Lilac City Painting

Grantee/Beneficiary:

WBL SPO I, LLC

Trustee:

Fenix Law, P.S.

Current Mortgage Servicer:

Abbrev. Legal:

PTN OF SW 1/4, SE 1/4, SEC 6, T26N, R45E, W.M

Legal Description:

Pages 1-2

Ref. # of Related Documents:

7250850; 7279576; 7312729; 7320919

Assessor’s Property Tax Parcel No.:

56064.9071

I.

NOTICE IS HEREBY GIVEN that the undersigned Trustee will, on the 25th day of October, 2024, at the hour of 10:00 o'clock a.m., at the South entrance Spokane County Courthouse, 1116 W Broadway, in the city of Spokane, State of Washington, sell at public auction to the highest and best bidder, payable, in the form of cash, cashier’s check or certified checks from federally or State chartered banks, at the time of sale, the following described real property, situated in the county of Spokane, State of Washington, to‑wit:

THE SOUTH HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER AND THE SOUTH HALF OF THE NORTH HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 6, TOWNSHIP 26, RANGE 45 E, W.M., RECORDS OF SPOKANE COUNTY, WASHINGTON.

EXCEPT THE ROAD;

SITUATE IN THE COUNTY OF SPOKANE, STATE OF WASHINGTON

COMMONLY KNOWN AS: 12918 N NORMAN RD, SPOKANE, WA 99217

PARCEL ID: 56064.9071

Commonly known as 12918 N Norman Road, Spokane, WA 99217 (the “Real Property”) which is subject to that certain Deed of Trust dated August 9, 2022, recorded November 1, 2022, under Auditor’s File No. 7250850 records of Spokane County, State of Washington from Jodi Clausen and Jonathan D. Clausen as Grantors to Netco, Inc., as Trustee, to secure an obligation (the “Obligation”) in favor of World Business Lenders, LLC, a New York limited liability company, the original Beneficiary. By that certain Assignment of Deed of Trust dated April 17, 2023, recorded April 20, 2023, under Auditor’s File No. 7279576, records of Spokane County, State of Washington, the current beneficiary is WBL SPO I, LLC. By that certain Appointment of Successor Trustee, recorded October 10, 2023, under Auditor’s File No. 7312729, the Beneficiary has appointed Fenix Law, P.S. as successor trustee.

II.

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 Grantor's default on the obligation secured by the Deed of Trust.

III.

The Beneficiary alleges default of the Deed of Trust for failure to pay the following amounts now in arrears or for which performance is now past due:

Principal due in full September 4, 2024:

$319,898.56

Interest (Per diem is $296.15):

$110,652.59

NSF Fees:

$385.00

Collection Fees:

$43,173.36

Prepayment Premium:

$47,984.78

BPO:

Reserved

Subtotal

$522,094.29

IV.

The sum owing on the obligation secured by the Deed of Trust is: Principal $319,898.56 together with interest as provided in the note or other instrument secured from the 9th day of August, 2022, and such other costs and fees as are due under the note or other instrument secured, and as they 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 the 25th day of October, 2024. The default referred to in paragraph III must be cured by the 14th day of October, 2024 (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 14th day of October, 2024 (11 days before the sale), the default as set forth in paragraph III is cured and the Trustee's fees and costs are paid. The sale may be terminated any time after the 14th day of October, 2024 (11 days before the sale date), and before the sale by the Grantor or the Grantor's successor in interest 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 Beneficiary or Trustee to the Grantor or the Grantor's successor in interest at the following addresses:

LILAC CITY, LLC DBA LILAC CITY PAINTING

LILAC CITY PAINTING

728 N. HOGAN STREET

SPOKANE, WA 99202

CURRENT OCCUPANT

12918 N. NORMAN ROAD

SPOKANE, WA 99217 (CURRENT OCCUPANT)

JONATHAN D. CLAUSEN

12918 N. NORMAN ROAD

SPOKANE, WA 99217 (TRUSTOR)

JODI CLAUSEN

12918 N. NORMAN ROAD

SPOKANE, WA 99217

JONATHAN D. CLAUSEN

3316 E. 15TH AVENUE

SPOKANE, WA 99223

JODI CLAUSEN

3316 E. 15TH AVENUE

SPOKANE, WA 99223

JONATHAN DAVID CLAUSEN

12918 N. NORMAN ROAD

SPOKANE, WA 99217

JONATHAN D. CLAUSEN

3316 E 15TH

SPOAKANE, WA 99223

JONATHAN DAVID CLAUSEN

3316 E 15TH

SPOKANE, WA 99223

JONATHAN DAVID CLAUSEN

3316 E. 15TH AVENUE

SPOKANE, WA 99223

JODI CLAUSEN

3316 E 15TH

SPOAKANE, WA 99223

FIRST CORPORATE SOLUTIONS

914 S STREET

SACRAMENTO, CA 95811

SIMPLY FUNDING LLC

C/O FIRST CORPORATE SOLUTIONS

914 S STREET

SACRAMENTO, CA 95811

by both first class and certified mail on the 26th day of October, 2023, proof of which is in the possession of the Trustee; and on the 25th day of October, 2023, the Grantor or the Grantor's successor in interest was personally served with said written notice of default and/or 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 service or 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 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 foreclosure process has begun on this property, which may affect your right to continue to live in this property. Ninety 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 sixty-day notice to vacate the property. You may wish to contact a lawyer or your local legal aid or housing counseling agency to discuss any rights that you may have.

XI.

Notice to Guarantors:

The 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. 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 cost.

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 he Trustee’s Sale. The Guarantor will have no right to redeem the Property after the trustee’s sale. Any action 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 (subject to such longer periods as are provided in RCW 61.24).

Dated: September 5, 2024.

FENIX LAW, P.S.

CHAD E. AHRENS, WSBA #36149

Successor Trustee

748 Market Street, Suite 312

Tacoma, WA 98402

Tel: (253) 356-7156

Published September 26 and October 17, 2024