2010/04/23 Grant Deed Notice of Default and Election to sellRECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO
CHICAGO TITLE COMPANY
FORECLOSURE DEPARTMENT
560 E. HOSPITALITY LANE
SAN BERNARDINO, CA 92408
DOC # 2010-0186713
04/23/2010 08:00A Fee:24.00
Pape 1 of 3
Recorded In Official Records
County of Riverside
Larry U. Uard
Assessor, County Clerk b Recorder
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Trustee Sale No. 257240(b) Loan No. 9384000019000001 Title Order No. 9..000 o yLs 3-70
IMPORTANT NOTICE
NOTICE OF DEFAULT AND ELECTION TO SELL UNDER DEED OF TRUST [0]29
IF YOUR PROPERTY IS IN FORECLOSURE BECAUSE YOU ARE BEHIND IN
YOUR PAYMENTS, IT MAY BE SOLD WITHOUT ANY COURT ACTION, and you
may have the legal right to bring your account in good standing by paying all of your past
due payments plus permitted costs and expenses within the time permitted by law for
reinstatement of your account, which is normally five business days prior to the date set for
the sale of your property. No sale date may be set until three months from the date this
notice of default may be recorded (which date of recordation appears on this notice).
This amount is $2,848,993.27 as of 04/10/10 and will increase until your account becomes
current. The amount shown herein, as of the date herein, will also cure another Notice of
Default (TS 2572-40(a)) that is recording in connection with the same obligation.
While your property is in foreclosure, you still must pay other obligations (such as
insurance and taxes) required by your note and deed of trust or mortgage. If you fail to
make future payments on the loan, pay taxes on the property, provide insurance on the
property, or pay other obligations as required in the note and deed of trust or mortgage, the
beneficiary or mortgagee may insist that you do so in order to reinstate your account in
good standing. In addition, the beneficiary or mortgagee may require as a condition to
reinstatement that you provide reliable written evidence that you paid all senior liens,
property taxes, and hazard insurance premiums.
Upon your written request, the beneficiary or mortgagee will give you a written itemization
of the entire amount you must pay. You may not have to pay the entire unpaid portion of
your account, even though full payment was demanded, but you must pay all amounts in
default at the time payment is made. However, you and your beneficiary or mortgagee may
mutually agree in writing prior to the time the notice of sale is posted (which may not be
earlier than the end of the three-month period stated above) to, among other things, (1)
provide additional time in which to cure the default by transfer of the property or otherwise;
Description: Riverside,CA Document-Year.DocID 2010.186713 Page: 1 of 3
Order: JH Comment:
Trustee Sale No. 2572-40(b)
or (2) establish a schedule of payments in order to cure your default; or both (1) and (2).
Following the expiration of the time period referred to in the first paragraph of this notice,
unless the obligation being foreclosed upon or a separate written agreement between you
and your creditor permits a longer period, you have only the legal right to stop the sale of
your property by paying the entire amount demanded by your creditor.
To find out the amount you must pay, to arrange for payment to stop the foreclosure, or if
your property is in foreclosure for any other reason, contact: California Bank & Trust, 1900
Main Street, Suite 200, Irvine, CA 92614, Special_Assets@calbt.com
If you have any questions, you should contact a lawyer or the governmental agency which
may have insured your loan. Notwithstanding the fact that your property is in foreclosure,
you may offer your property for sale, provided the sale is concluded prior to the conclusion
of the foreclosure.
REMEMBER, YOU MAY LOSE LEGAL RIGHTS IF YOU 00 NOT TAKE PROMPT
ACTION. NOTICE IS HEREBY GIVEN THAT: CHICAGO TITLE COMPANY a California
corporation is either the original trustee, or the duly appointed Trustee, or acting as agent
for the trustee or beneficiary under a Deed of Trust dated 10/1412008, executed by OAK
TREE INDUSTRI_ES�INC., a California Corporation, as Trustor, to secure obligations in favor
of Alliance Bank, as Beneficiary recorded on 11/07/2008 as document No. 2008-0593156 of
official records in the Office of the Recorder of Riverside County, California, as more fully
described on said Deed of Trust, including the note(s) and any modifications/amendments
thereto for the sum of 6 820 000.00• that the beneficial interest under said Deed of Trust
and the obligations secured thereby are presently held by the beneficiary; that a breach of,
and default in, the obligations for which said Deed of Trust is security has occurred in that
the payment has not been made of:
THE UNPAID PRINCIPAL BALANCE OF $2,248,721,18 DUE AND PAYABLE 12/28/08
TOGETHER WITH INTEREST AND DEFAULT INTEREST DUE THEREON, LATE CHARGES;
ATTORNEYS' FEES; DEFERRED LOAN FEE; APPRAISAL FEES; OTHER COSTS, FEES AND
EXPENSES INCURRED IN ENFORCING THE OBLIGATION.
That by reason thereof, the present beneficiary under such Deed of Trust, has executed and
delivered to said Trustee, a written Declaration and Demand for Sale, and has deposited
with said duly appointed Trustee, such Deed of Trust and all documents evidencing the
obligations secured thereby, and has declared and does hereby declare all sums secured
thereby immediately due and payable and has elected and does hereby elect to cause the
trust property to be sold to satisfy the obligations secured thereby.
DATE: 04/19/10
California Bank & Trust, a California banking corporation, as assignee of Alliance Bank, a
California corporation, as beneficiary
4-"OA
Catherine Beck, Vice President
Description: Riverside,CA Document -Year. DocID 2010.186713 Page: 2 of 3
Order. JH Comment:
STATE OF CALIFORNIA
COUNTY OF Orange
On April 21, 2010, before me, Bonny L. Elrod, Notary
Public, personally appeared Catherine Beck, who proved to
the on the basis of satisfactory evidence to be the person
whose name is subscribed to the within instrument and
acknowledged to me that she executed the same in her
authorized capacity and that by her signature on the
instrument the person or the entity upon behalf of which
the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of
the State of California that the foregoing paragraph is true
and correct.
WITNESS my hand and official seal.
Signature of Wotary
BONNY L. EMM
Comm1nion 0 1710236,001
Notary Public - Callfoinla
Orange County
6&VCcffM80MDftC31.2010
This acknowledgment is attached to the Important Notice
of Default and Election to Sell under Deed of Trust for
OTI-Oak Hills L.P. 2572-40 (b) dated April 19, 2010.
4r21/10 13:22
CAPACITY CLAIMED
BY SIGNER:
o Individual(s)
v Corporate Officer -
Title
Vice President
o Partner(s)
o Attorney -in -Fact
o Trustee(s)
o Subscribing Witness
o Guardian/Conservator
o Other:
SIGNER IS
REPRESENTING:
Name of person(s) or
entity(ies)
California Bank & Trust
Description: Riverside,CA Document-Year.Doc= 2010.186713 Page: 3 of 3
Order: JH Comment: