NOTICE OF PUBLIC SALE OF COLLATERAL UNDER
Public Sale – May 22, 2018 at 11:20 a.m.
Clatsop County Courthouse, 749 Commercial Street,
Astoria, OR 97103
NOTICE IS HEREBY GIVEN THAT Beneficial State Bank, a California state-chartered bank (formerly known as One PacificCoast Bank, as successor in interest to ShoreBank Pacific), the secured party under that certain Commercial Security Agreement dated February 13, 2008, by and between Putman Pro-Lube, Inc. and J.C. Putman Land Holding, LLC, as Debtor, and ShoreBank Pacific, as Secured Party, pursuant to Section 9-610 of the Uniform Commercial Code, will conduct a public sale of the Collateral (defined below):
All inventory, equipment, fixtures, accounts, chattel paper, instruments, letter-of- credit rights, letters of credit, documents, deposit accounts, investment property, money, other rights to payment and performance, and general intangibles, all insurance refunds related to the foregoing property, all records of any kind relating to any of the foregoing property, used in and relating to the conduct of the business including oil lube and filter services, automotive repairs and maintenance, and a car wash located at 969 SE Marlin Avenue, Warrenton, OR 97146 (together, the “Collateral”).
The assets will be sold on the sale date above, in bulk, and sold to the highest bidder at the conclusion of the sale as determined by Lender in its sole discretion. As a condition to bidding at the sale, all bidders (other than Lender) shall present an earnest money deposit in the form of a certified or cashier’s check for not less than 25% of their initial bid. Lender reserves its right to credit bid at the sale. Additional terms of sale will be announced on the sale date. Lender reserves the right to modify the sale procedures and conditions.
This sale is made without warranty, express or implied, of any kind. THE SECURED PARTY AND ITS ATTORNEYS MAKE NO WARRANTY OF TITLE OR THAT THE COLLATERAL IS FREE OF LIENS OR CLAIMS IN FAVOR OF OTHERS, AND MAKES NO WARRANTY OF MERCHANTABILITY. THE COLLATERAL WILL BE SOLD IN AN “AS IS, WHERE IS” CONDITION, WITH ALL FAULTS.
If you need more information about Secured Party’s planned auction sale of the Collateral, please telephone Carole Brock, at Lane Powell PC, attorneys for Beneficial State Bank, at (503) 778- 2082, or via email at firstname.lastname@example.org.
Published: May 10th, 2018.