Trustee Sale No. F25-00162
Notice of Trustee's Sale
Loan No. 35 Wellsona Holdings LLC Title Order No. 2640883CAD You Are In Default Under A Deed Of Trust, Assignment Of Rents And Leases, Security Agreement And Fixture Filing Dated 06/14/2023 And More Fully Described Below (The "Deed Of Trust"). 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 Proceedings Against You, You Should Contact A Lawyer. A public auction sale to the highest bidder for cash or cashiers check (payable at the time of sale in lawful money of the United States) (cashier's check(s) must be made payable to Assured Lender Services, Inc.), will be held by a duly appointed trustee. 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, legal fees and costs, charges and expenses of the undersigned trustee ("Trustee") for the total amount (at the time of the initial publication of this Notice of Trustee's Sale) reasonably estimated to be set forth below. The amount may be greater on the day of sale. Trustor(s): 35 Wellsona Holdings LLC, a California limited liability company Recorded: recorded on 08/18/2023 as Document No. 2023024517 of Official Records in the office of the Recorder of San Luis Obispo County, California; Date of Sale: 09/30/2025 at 11:00AM Place of Sale: In the breezeway adjacent to the County General Services Building, 1087 Santa Rosa Street, San Luis Obispo, CA 93408 Amount of unpaid balance and other charges: $416,715.00 The purported property address is: Vacant Land, San Luis Obispo, CA 93401 Legal Description See Exhibit "A" attached hereto and made a part hereof Personal Property Description See Exhibit "B" attached hereto and made a part hereof Assessors Parcel No. 026-104-009; 026-104-019 The beneficiary under the Deed of Trust heretofore executed and delivered to the undersigned a written Declaration of Default and Demand for Sale, and a written Notice of Default and Election to Sell Under Deed of Trust, Assignment of Rents and Leases, Security Agreement and Fixture Filing (the "Notice of Default and Election to Sell"). The undersigned caused the Notice of Default and Election to Sell to be recorded in the county where the real property is located and more than three months have elapsed since such recordation. The undersigned Trustee disclaims any liability for any incorrectness of the property address or other common designation, if any, shown herein. 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 Trustee's Sale. If the Trustee is unable to convey title for any reason, the successful bidder's sole and exclusive remedy shall be the return of monies paid to the Trustee, and the successful bidder shall have no further recourse. 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 shown on this notice of sale may be postponed one or more times by the mortgagee, beneficiary, trustee, or a court, pursuant to Section 2924g of the California Civil Code. The law requires that information about trustee sale postponements be made available to you and to the public, as a courtesy to those not present at the sale. If you wish to learn whether your sale date has been postponed, and, if applicable, the rescheduled time and date for the sale of this property, you may call (877)440-4460 or visit this internet web-site www.mkconsultantsinc.com, using the file number assigned to this case F25-00162. Information about postponements that are very short in duration or that occur close in time to the scheduled sale may not immediately be reflected in the telephone information or on the Internet web-site. The best way to verify postponement information is to attend the scheduled sale. Notice To Tenant: You may have a right to purchase this property after the trustee auction, if conducted after January 1, 2021, pursuant to Section 2924m of the California Civil Code. If you are an "eligible tenant buyer" you can purchase the property if you match the last and highest bid placed at the trustee auction. If you are an "eligible bidder," you may be able to purchase the property if you exceed the last and highest bid placed at the trustee auction. There are three steps to exercising this right of purchase. First, 48 hours after the date of the trustee sale, you can call (877)440-4460 or visit this internet website site www.mkconsultantsinc.com, using the file number assigned to this case F25-00162 to find the date on which the trustee's sale was held, the amount of the last and highest bid, and the address of the trustee. Second, you must send a written notice of intent to place a bid so that the trustee receives it no more than 15 days after the trustee's sale. Third, you must submit a bid, by remitting the funds and affidavit described in Section 2924m(c) of the Civil Code, so that the trustee receives it no more than 45 days after the trustee's sale. If you think you may qualify as an "eligible tenant buyer" or "eligible bidder," you should consider contacting an attorney or appropriate real estate professional immediately for advice regarding this potential right to purchase.* NOTICE TO POTENTIAL BIDDERS: WE REQUIRE CERTIFIED FUNDS AT SALE BY CASHIER'S CHECK(S) PAYABLE DIRECTLY TO "ASSURED LENDER SERVICES, INC." TO AVOID DELAYS IN ISSUING THE FINAL DEED. THE PROPERTY COVERED IN THIS ACTION INCLUDES ALL SUCH REAL PROPERTY AND THE PERSONAL PROPERTY IN WHICH THE BENEFICIARY HAS A SECURITY INTEREST DESCRIBED IN EXHIBITS "A" AND "B" ATTACHED HERETO, RESPECTIVELY, IT BEING THE ELECTION OF THE CURRENT BENEFICIARY UNDER THE DEED OF TRUST TO CAUSE A UNIFIED SALE TO BE MADE OF SAID REAL AND PERSONAL PROPERTY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 2924F(b)(2) OF THE CALIFORNIA CIVIL CODE. Date: 8/28/25 Assured Lender Services, Inc. /s/ Cherie Maples, Vice President of Trustee Operations Assured Lender Services, Inc. 111 Pacifica Suite 140 Irvine, CA 92618 Phone: (714) 508-7373 Sales Line: (877)440-4460 Sales Website: www.mkconsultantsinc.com Reinstatement Line: (714) 508-7373 To request reinstatement and/or payoff FAX request to: (714) 505-3831 This Office Is Attempting To Collect A Debt And Any Information Obtained Will Be Used For That Purpose. Exhibit "A" - Legal Description Real Property In The Unincorporated Area Of The County Of San Luis Obispo, State Of California, Described As Follows: Parcel 1: The Southwest Quarter Of Section 5 In Township 26 South, Range 12 East, Mount Diablo Base And Meridian, In The County Of San Luis Obispo, State Of California, According To The Official Plat Of The Survey Of Said Land Approved By The Surveyor General. Excepting Therefrom The Interest In The Portion Of Said Land Included Within The Strip Of Land Conveyed To The County Of San Luis Obispo For Road Purposes By Deeds Recorded April 4, 1895 In Book 25 At Page 413 And In Book 25 At Page 415 Of Deeds. Parcel 2: That Portion Of The Northwest Quarter Of The Northwest Quarter Of Section 8, In Township 26 South, Range 12 East, Mount Diablo Base And Meridian, In The County Of San Luis Obispo, State Of California, According To The Official Plat Of The Survey Of Said Land Approved By The Surveyor General Described As Follows: Beginning At A Point On The Section Line Between Sections 5 And 8 Of Said Township 26, Which Point Of Beginning Is South 88° 34' East, A Distance Of 100 Feet From The Corner Common To Sections 5, 6, 7 And 8 In Said Township And Range; Thence Along Said Section Line South 88° 34' East, A Distance Of 1235.3 Feet To The Northeast Corner Of The Northwest Quarter Of The Northwest Quarter Of Section 8 Of Said Township And Range; Thence Along The East Line Of The Northwest Quarter Of The Northwest Quarter Of Said Section 8, South 0° 17' East, A Distance Of 991.6 Feet; Thence North 78° 41' West, A Distance Of 874.6 Feet; Thence North 22° 21' East, A Distance Of 501.5 Feet; Thence North 55° 58' West, A Distance Of 691.4 Feet To The Point Of Beginning. APN: 026-104-019 Real Property In The Unincorporated Area Of The County Of San Luis Obispo, State Of California, Described As Follows: Parcel A: Parcel 1 Of Parcel Map No. Co-77-179 In The County Of San Luis Obispo, State Of California, According To Map Recorded March 27, 1978 In Book 25, Page 49 Of Parcel Maps, In The Office Of The County Recorder Of Said County. Excepting Therefrom The Interest In Said Land Which Was Excepted And Reserved In That Certain Deed From Bank Of America National Trust And Savings Association, Recorded February 25, 1952 In Book 315, Page 160 Of Official Records, Which Exception And Reservation Reads As Follows: Saving, Excepting And Reserving An Undivided One-Half Interest In All Oil, Gas And Other Hydrocarbons And Minerals Now Or At Any Time Hereafter Situated Therein And Thereunder, Together With All Easements And Rights Necessary Or Convenient For The Production, Storage And Transportation Thereof And The Exploration And Testing Of The Said Real Property And Also The Right To Drill For, Produce And Use Water From Said Real Property In Connection With Its Drilling And Mining Operations Thereon. The Exhibit "A" Continued Interest Herein Reserved, Saved And Excepted Shall Be Free And Clear Of All Cost For Exploration, Drilling And Marketing Of Any And All Oil, Gas And Other Hydrocarbons And Minerals By Reason Of Any Exploration Of Drilling For Such Oil, Gas And Other Hydrocarbons And Minerals Or The Marketing Of Any Such Oil, Gas And Other Hydrocarbons And Minerals Saved Or Produced By Caryol F. Stockdale, Et Ux., His Heirs, Personal Representatives, Successors, Lessees Or Assigns, And Shall Further Befree Of Any Other Expenses In Connection Therewith, Without Prior Written Consent To Any Such Exploration, Drilling Or Marketing. Also Excepting Therefrom 25% Of All Oil And Mineral Rights, As Reserved By Natalia H. Stockdale, Gladys J. Stockdale, As Trustee, Irma Sayler, Jean Orton Hilchey, Lawrence Dwayne Orton And Nancy Orton Littauer, By Deed Recorded August 6, 1982 In Book 2423, Page 971 Of Official Records. Parcel B: An Easement For Ingress And Egress And Incidental Purposes Over The Northerly 40 Feet Of Said Parcel 2 Of Parcel Map No. CO-77-179 Recorded March 27, 1978 In Book 25, Page 49 Of Parcel Maps. APN: 026-104-009 Exhibit "B" Personal Property (a) the Premises; (b) all buildings and other structures and improvements now or hereafter located on the Premises (the "Improvements"); (c) all of the estate, right, title, claim or demand of any nature whatsoever of Trustor, whether in law or in equity, in possession or expectancy, in and to the Trust Property or any part thereof; (d) all easements, rights-of-way, strips and gores of land, vaults, streets, ways, and all land lying in the bed of any street, road or avenue, opened or proposed, in front of or adjoining the Premises to the center line thereof; (e) all awards or payments, including interest thereon, and the right to receive the same, that may be made with respect to the Trust Property, whether from the exercise of the right of eminent domain (including any transfer made in lieu of the exercise of said right) or for any other injury to or decrease in the value of the Trust Property; (f) all leases and other agreements affecting the use or occupancy of the Trust Property or any part thereof now or hereafter entered into (the "Leases") and, absolutely and presently, the right to receive and apply the income, rents, issues, cash collateral, revenues, royalties, benefits and profits of the Trust Property from time to time accruing, including, without limitation, all payments under Leases or tenancies, proceeds of insurance, tenant security deposits and escrow funds (the "Rents") to the payment of the Secured Obligations; reserving only the right, power and authority given to Trustor, as licensee, to collect and apply the Rents prior to the occurrence of an Event of Default (as defined below) hereunder and so long as the Rents are not subjected to garnishment, levy, attachment or lien; (g) all proceeds of and any unearned premiums on any insurance policies covering the Trust Property (whether or not such policies are specifically required hereunder or the requirement for such policies had been theretofore waived or deferred by Beneficiary), including, without limitation, the right to receive and apply the proceeds of any insurance, judgments, or settlements made in lieu thereof, for damage to the Trust Property;
IPL0270349
Sep 7,14,21 2025