TRUSTEE'S NOTICE OF SALEThe Trustee, under the terms of the Trust Deed described herein, at the direction of the current Beneficiary, hereby elects to sell the property described in said Trust Deed to satisfy the obligations secured thereby.
A. PARTIES TO THE TRUST DEED:
Grantor: Kem Development, Inc., an Oregon corporation
Trustee: David P. Smith, Attorney at Law
Beneficiary: Jonny B. Watson and Martha H. DeWees, husband and wife or the survivor
B. DESCRIPTION OF THE PROPERTY:
PARCELS 1, 2 AND 3 OF PARTITION PLAT NO. 2024-010, RECORDED APRIL 03, 2024, AS RECORDING NO. 2024-13742, OFFICIAL PUBLIC RECORDS OF WASHINGTON COUNTY, OREGON.
Map & Tax Lot No. 1S303BB10200 Property ID No.: R2232864
C. TRUST DEED INFORMATION:
Dated August 19, 2022
Recording Date August 22, 2022
Recorder's No. 2022-052966
Recording Place Deeds and Records of Washington County, Oregon
D. DEFAULT: The Grantor is in default and the Beneficiary elects to foreclose the Trust Deed by reason of the failure to pay the following: the balance due at maturity of the loan and real property taxes.
E. AMOUNT DUE: By reason of the default, the Beneficiary has declared all sums owing on the obligation secured by the Trust Deed immediately due and payable, those sums being the principal amount of $650,000.00, plus interest on the principal amount at the rate of 12% per annum until paid; plus late fees, amounts advanced by the Beneficiary, if any, pursuant to the Trust Deed or applicable law and attorney fees and foreclosure costs incurred. As of December 19, 2025, the unpaid principal, interest, late fees, maturity fees, servicing fees, and close out fees total $709,926.26.
F, ELECTION TO SELL: NOTICE IS HEREBY GIVEN that the Beneficiary and the Trustee, by reason of said default, have elected, and do hereby elect, to foreclose said Trust Deed by advertisement and sale pursuant to Oregon Revised Statutes §86.705 et seq., and to cause to be sold at public auction to the highest bidder, for cash or certified funds, the interest in said described property which Grantors had, or had the power to convey, at the time of the execution of the Trust Deed, together with any interest the Grantors acquired after the execution of the Trust Deed, to satisfy the obligations secured by said Trust Deed together with the expenses of sale, including the compensation of the Trustee as provided by law, and the reasonable fees of the Trustee's attorney.
G. DATE, TIME AND PLACE OF SALE: Date & Time: June 11, 2026 at 10:00 a.m. on the steps of the Washington County Courthouse, 145 NE 2nd Ave., Hillsboro, OR 97124.
H. RIGHT TO REINSTATE: NOTICE IS FURTHER GIVEN that at any time prior to five (5) days before the sale, this foreclosure proceeding may be dismissed and the Trust Deed reinstated by payment to the Trustee of the entire amount then due (other than a portion of the principal as would not then be due had no default occurred), and by curing any other default complained of herein that is capable of being cured by tendering the performance required under the obligation or Trust Deed, and in addition to paying said sums or by tendering the performance necessary to cure the default, by paying all costs and expenses to the Trustee actually incurred by Beneficiary and Trustee in enforcing the obligation and Trust Deed, together with the Trustee's fees and attorney's fees.
I. NOTICE: The Federal Fair Debt Practices Act requires we state that this is an attempt to collect a debt and any information obtained will be used for that purpose.
J. NOTICE TO VETERANS: If the recipient of this Trustee's Notice of Sale is a veteran of the armed forces, assistance may be available from a County veterans' service officer or community action agency. Contact information for a local County veterans' service officer and community action agency may be obtained by calling a 2-1-1 information service.
K. LEGAL ASSISTANCE: If you believe you need legal assistance, contact the Oregon State Bar and ask for the lawyer referral service. Contact information for the Oregon State Bar is included with this notice. If you do not have enough money to pay a lawyer and are otherwise eligible, you may be able to receive legal assistance for free. Information about whom to contact for free legal assistance is included with this notice.
You may have additional rights under ORS 86.755(5) and under federal law.
Oregon State Bar
Lawyer Referral Service
16037 SW Upper Boones Ferry Road
Tigard, OR 97224
(503) 684 3763 / (800) 452-7636
Toll-free 9:00 a.m. to 5:00 p.m. weekdays
Mailing address:
PO Box 231935
Tigard, OR 97281 1935
http: //www.osbar.org
http: //www.oregonlawhelp.org
Legal Aid Services of Oregon
Portland Regional Office
520 SW 6th Ave., Ste. 700
Each day
Portland, OR 97204
Monday - Friday, 9:00 a.m. to 12:00 p.m. and
1:00 p.m. to 4:00 p.m.
http://www.oregonlawhelp.org
503-224-4086 or 1-800-228-6958
Consumer queries and mortgage foreclosure information: (855) 480-1950
Federal loan modification programs: http: //www.makinghomeaffordable.gov
L. MISCELLANEOUS: In construing this Notice, the singular includes the plural, the word "Grantor" includes any successor in interest to the Grantor, as well as any other person owing an obligation, the performance of which is secured by the Trust Deed, and the words "Trustee" and "Beneficiary" include their respective successors in interest, if any.
M. STATUTORY DISCLOSURE: Without limiting the Trustee's disclaimer of representations or warranties, Oregon law requires the Trustee to state in this notice that some residential property sold at the Trustee's sale may have been used in manufacturing methamphetamines, the chemical components of which are known to be toxic. Prospective purchasers of residential property should be aware of this potential danger before deciding to place a bid for this property at a Trustee's sale.
DATED this 21st day of January, 2026./s/ David P. Smith, Attorney at Law, Trustee
The Smith Firm, P.C.
1754 Willamette Falls Drive
West Linn, OR 97068
(503) 657-6550Published Apr. 17, 24; May 1 & 8, 2026.
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