$3,541,820.50

Details for T.S. No.: 20-13723-02 Loan No.: * *1002 Notice of Trustee's

Updated

T.S. No.: 20-13723-02 Loan No.: * *1002 Notice of Trustee's Sale Construction Deed of Trust (hereinafter referred to as 'Deed of Trust') you are in default under a Deed of Trust dated 9/19/2007. unless you take action to protect your property, it may be sold at a public sale. if you need an explanation of the nature of the proceeding against you, you should contact a lawyer. A public auction sale to the highest bidder for cash, cashier's check drawn on a state or national bank, check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, or savings association, or savings bank specified in Section 5102 of the Financial Code and authorized to do business in this state will be held by the duly appointed trustee as shown below, of all right, title, and interest conveyed to and now held by the trustee in the hereinafter described property under and pursuant to a Deed of Trust described below. The sale will be made, but without covenant or warranty, expressed or implied, regarding title, possession, or encumbrances, to pay the remaining principal sum of the note(s) secured by the Deed of Trust, with interest and late charges thereon, as provided in the note(s), advances, under the terms of the Deed of Trust, interest thereon, fees, charges and expenses of the Trustee for the total amount (at the time of the initial publication of the Notice of Sale) reasonably estimated to be set forth below. The amount maybe greater on the day of sale. Original Trustor(s): Bakersfield Investment Group, LLC, a California Limited Liability Company Duly Appointed Trustee: WT Capital Lender Services, a California corporation Recorded 9/28/2007, as Instrument No. 0207199146 of Official Records in the office of the Recorder of Kern County, California Date of Sale: 6/12/2020 at 10:00 AM Place of Sale: THE FRONT ENTRANCE OF THE CITY HALL, 1501 TRUXTUN AVENUE, BAKERSFIELD, CALIFORNIA Amount of unpaid balance and other charges: $3,541,820.55 Estimated Street Address or other common designation of real property: 4825 Coffee Road, Bakersfield, CA Legal Description: PARCEL 1:Parcel A as shown on lot line adjustment no. 07-1698 as evidenced by document recorded June 20, 2008 as instrument no. 08-98554 of official records, being more particularly described as follows: Being an adjustment of parcel 8 and parcel 9 of parcel map 11112 as filed in book 54 of maps at pages 16 and 17 in the office of the recorder of Kern County California. also being a portion of the southeast quarter of section 17, township 29 south, range 27 east, M.D.M. in the City of Bakersfield, County of Kern, State of California, more particularly described as follows: 1.) Beginning at the northeast corner of parcel 8 as shown on said parcel map, said point also being the intersection of the centerlines of coffee road and centennial plaza way; 2). thence south 00°38'13" west along the centerline of coffee road, 167.93 feet; thence north 90°00'00" west a distance of 201.89 feet; (3.) Thence south 00°00'00" west a distance of 11.18 feet; (4) Thence south 89°59'58" west a distance of 64.02 feet; (5) Thence south 00°00'00" west A distance of 8.43 feet; (6) Thence north 90°00'00" west A distance of 102.05 feet to a point which lies on the centerline of centennial plaza way as shown on said parcel map; (7) Thence along said centerline the following 5 courses, north 00°38'13" east A distance of 57.46 feet to the beginning of a circular curve, concave southeasterly having a radius of 40.50 feet; (8) Thence 58.30 feet along said curve through a central angle of 82°28'22" to the beginning of a reverse circular curve, concave northwesterly, from which the radius point bears north 06°53'25" west, having a radius of 250.00 feet; (9.) Thence 126.75 feet along said curve through a central angle of 29°02'53" to the beginning of a non-tangent reverse curve, concave southeasterly, from which the radius point bears south 35°06'04" East, having a radius of 250.00 feet; thence 147.71 feet along said curve through a central angle of 33°51'13"; (10) Thence south 89°21'50" east a distance of 78.51 feet to the point of beginning. Excepting therefrom all oil, gas and other hydrocarbons and all other minerals of whatever kind or character (all herein collectively called "Minerals"), whether now known to exist or hereafter discovered (it being intended that the word minerals" as used herein shall be defined in the broadest sense of the word and shall include, but not be limited to, oil, gas, other hydrocarbons and all other mineral substances and products, both metallic and nonmetallic, solid, liquid or gaseous), which are upon, in, under or may be produced from said real property; all salt water which is in, under or may be Produced from said real property; the exclusive right, by whatever methods now or hereafter known, as grantor or its successors or assigns, may deem advisable, to prospect for, investigate for, explore for, drill for, produce, mine, extract, remove and reduce to possession and ownership, all such minerals and salt water which are upon, in, under or may be produced from said real property; the exclusive right to drill into and through said real property to explore for and thereafter produce and extract minerals which may be produced from adjacent real property; the right to lay, construct, erect and place upon and in said real property, and use, maintain and operate thereon and thereafter, remove, all buildings, tanks, pressure plants and other machinery, fixtures and equipment, pipelines, telephone lines, electric power lines, roads, power houses and other structures and facilities as grantor or its successors or assigns, may deem advisable, for the exercise and enjoyment of the rights herein excepted and reserved; the exclusive right to treat, process, (but not refine), store upon and remove from said real property such minerals and saltwater; the exclusive right to produce and extract such minerals by repressuring the subsurface sands and strata with fluids or gases or by such other method or methods as grantor or its successors or assigns, may deem advisable, and to inject in and store and thereafter remove such fluids and gases, whether nor not indigenous to said real property; the right at all times, without charge, to investigate for, explore for, drill for, produce, remove and reduce to possession and ownership, those quantities of freshwater from aquifers underlying said real property deemed necessary by grantor or its successors or assigns, to use in prospecting, exploring, drilling, mining, producing, extracting and removing (including, but not limited to, use in unit operations, waterflood, thermal, or other secondary recovery methods now or hereafter known), or other operations in connection with the full enjoyment and exercise of the rights herein excepted and reserved; the right to exercise all rights herein excepted and reserved and any and all other rights upon said real property as grantor or its successors or assigns, deems necessary, incidental to or convenient, whether alone or cojointly with neighboring lands, in exploring for, producing and extracting the minerals and saltwater herein excepted and reserved; and the unlimited and unrestricted rights of access to said Minerals and salt water and of ingress and egress to and from, over and across said real property for all purposes deemed advisable by grantor or its successors or assigns in the exercise of the rights excepted and reserved herein; provided, however, that grantor, or its successors and assigns, upon being provided proof thereof, shall compensate grantee or its successors and assigns for any and all actual damage to improvements and growing crops upon said real property which is caused by the exercise of the rights excepted and reserved herein, as excepted and reserved in deed recorded December 27, 1973 in book 4818, page 1316 of official records. by "waiver of surface access" recorded June 19, 2002 as document no. 0202097604 of official records, all rights of surface access to and from the surface of said land to a subsurface depth of 500 feet were waived. Parcel 2:non-exclusive easements for ingress, egress, utilities, access to storm drain purposes as more particularly defined and depicted in the declaration of covenants, conditions and restrictions, recorded May 17, 2005 as document no. 0205126254 of official records. Excepting therefrom any portion lying within parcel 1 hereinabove described. A.P.N.: 494-870-02-00-0 The undersigned Trustee disclaims any liability for any incorrectness of the street address or other common designation, if any, shown above. If no street address or other common designation is shown, directions to the location of the property may be obtained by sending a written request to the beneficiary within 10 days of the date of first publication of this Notice of Sale. NOTICE TO POTENTIAL BIDDERS: If you are considering bidding on this property lien, you should understand that there are risks involved in bidding at a trustee auction. You will be bidding on a lien, not on the property itself. Placing the highest bid at a trustee auction does not automatically entitle you to free and clear ownership of the property. You should also be aware that the lien being auctioned off may be a junior lien. If you are the highest bidder at the auction, you are or may be responsible for paying off all liens senior to the lien being auctioned off, before you can receive clear title to the property. You are encouraged to investigate the existence, priority, and size of outstanding liens that may exist on this property by contacting the county recorder's office or a title insurance company, either of which may charge you a fee for this information. If you consult either of these resources, you should be aware that the same lender may hold more than one mortgage or deed of trust on the property. NOTICE TO PROPERTY OWNER: The sale date s

  • Price
    $3,541,820.50

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