130937 NOTICE OF TRUSTEE'S SALE OF COMMERCIAL LOAN Grantor: Nex Generation, LLC, a Washington limited liability company Current beneficiary of the deed of trust: Gravitate Capital LLC, a Washington limited liability company Current trustee of the deed of trust: SBLG, PLLC, Successor Trustee Current mortgage servicer of the deed of trust: N/A Reference number of the deed of trust: 6020086 Parcel number(s): 188665-010 I. NOTICE IS HEREBY GIVEN that the undersigned Successor Trustee, SBLG, PLLC, will on September 13, 2024, at 10:00 A.M. at the Public Service Center Gazebo Clark County, 1300 Franklin Street, Vancouver, WA sell at public auction to the highest and best bidder, payable at the time of sale, the following described real property, situated in the County of Clark, State of Washington, to-wit: Lot Description: Lots 1, 2 3, SHORT PLAT, recorded in Book 4 of Short Plats, page 114, records of Clark County, Washington. TOGETHER WITH a Portion of Lot 4. SHORT PLAT, recorded in Book 4 of Short Plats, page 114, records of Clark County, Washington. Commonly known as: 11813 NW 38th Avenue Vancouver, WA 98685 which is subject to that certain Deed of Trust dated February 15, 2022, recorded February 16, 2022, under Auditor's File No. 60200086, records of Clark County, Washington, from Nex Generation, LLC, a Washington limited liability company, as Grantor, to WFG National Title of Clark County WA, LLC, as Trustee, to secure an obligation in favor of Gravitate Capital LLC, a Washington limited liability company, as Beneficiary. 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 or Grantor's default on the obligation secured by the Deed of Trust. III. The default for which this foreclosure is made is as follows: Failure to pay when due the following amounts which are now in arrears: $2,840,857.12. IV. The sum owing on the obligation secured by the Deed of Trust is: Principal $2,600,000, together with interest as provided in the note or other instrument secured from the 15th day of February, 2022, and such other costs and fees as are due under the 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 the 13th day of September 2024. The default(s) referred to in paragraph III must be cured by the 2nd day of September 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 2nd day of September 2024 (11 days before the sale date), 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 2nd day of September, 2024 (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 Beneficiary to the Borrower, Grantor, and Guarantors by both first class and certified mail on April 22, 2024, proof of which is in the possession of the Trustee and Beneficiary; and the Borrower, Grantor, and Guarantors were personally served, if applicable, with said written Notice of Default and the written Notice of Default was posted in a conspicuous place on the real property described in Paragraph I above, and the Beneficiary and Trustee have possession of proof of such service or posting. The list of recipients of the Notice of Default is listed within the Notice of Foreclosure provided to the Borrower, Grantor, and Guarantors. These requirements were completed as of April 23, 2024. VII. The Trustee whose name and address is 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 GUARANTORS a. The Guarantors 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. b. The Guarantors have the same rights to reinstate the debt, cure the default, or repay the debt under the Note and Deed of Trust as are given to the Grantor in order to avoid the Trustee's Sale. c. The Guarantors will have no right to redeem the Real Property at the Trustee's Sale. d. Subject to such longer periods as provided in the Washington Deed of Trust Act, Chapter 61.24 RCW, any action brought to enforce a guaranty must be commenced within one year after the Trustee's Sale under the Deed of Trust granted to secure the debt to the Beneficiary. e. In any action for a deficiency, the Guarantors will have the right to establish the fair value of the Real Property as of the date of the Trustee's Sale, less prior liens and encumbrances, and to limit their liability for 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. DATED: 6/13/2024 SBLG, PLLC, Successor Trustee By: /s/ Mark P. Sampath, Managing Partner Address for Service: SBLG, PLLC 2404 E Mill Plain Blvd, Suite A Vancouver, WA 98661 Trustee Phone No. (360) 787-9200 STATE OF WASHINGTON ) ) ss. COUNTY OF CLARK ) This record was acknowledged before me on June 13, 2024, by Mark P. Sampath, as Managing Partner of SBLG, PLLC. /s/ Kristie L. Rankin NOTARY PUBLIC - State of Washington My commission expires: 12-29-2027 Published in The Reflector: August 14, 2024
