2026-003152

Klamath County, Oregon
04/10/2026 09:49:02 AM
Fee: $112.00

RECORDING REQUESTED BY:
WeSteTTl Titie & Escraw

1316 East Main Street
Cottage Grove, OR 97424

AFTER RECORDING RETURN TO:
Andrew R. Halvorson

PO Box 190

Creswell, OR 97426

SPACE ABOVE THIS LINE FOR RECORDER'S USE

TRUST DEED

THIS TRUST DEED, made on the 3rd day of April, 2026 between Danny Solesbee and
Candace Solesbee, as tenants by the entirety, as Grantor, Western Title & Escrow Company,
as Trustee and Andrew R. Halvorson, as Beneficiary,

WITNESSETH:

Grantor irrevocably grants, bargains, sells and conveys to trustee in trust, with power of sale,
the property in Klamath County, Oregon described as:

Lot 27, Block 1, Tract 1122, according to the official plat thereof on file in the office of the
County Clerk, Klamath County, Oregon

together with all and singular the tenements, hereditaments and appurtenances and all other
rights belonging or in any way now or after appertaining, and the rents, issues and profits and
all fixtures used in connection with the property.

FOR THE PURPOSE OF SECURING PERFORMANCE of each agreement of grantor and
payment of the sum of One Hundred Ten Thousand And No/100 Dollars ($110,000.00)
Dollars, with the interest according to the terms of a promissory note of even date, payable to
beneficiary and made by grantor, the final payment of principal and interest, if not sooner paid,
to be due and payable May 1, 2029.

The date of maturity of the debt secured by this instrument is the date, stated above, on which
the final installment of the note becomes due and payable. In the event the within
described property, or any interest therein is sold, agreed to be sold, conveyed,
assigned or alienated by grantor without first having obtained the written consent or
approval of the beneficiary, then at the beneficiary's option, all obligations secured by
this instrument, irrespective of the maturity dates expressed, shall become immediately
due and payabile.

To protect the security of this trust deed, grantor agrees:

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1. To protect, preserve and maintain the property in good condition and repair; not to remove
or demolish any building or improvement; not to commit or permit any waste of the
property.

2. To complete or restore promptly and in good and habitable conditions any building or
improvement which now exists or may be constructed, and which is damaged or
destroyed, and pay when due all costs incurred.

3. To comply with all laws, ordinances, regulations, covenants, conditions and restrictions
affecting the property; if the beneficiary so requests, to join in executing such financing
statements pursuant to the Uniform Commercial Code as the beneficiary may require and
to pay for filing the same in the proper public office or offices, as well as the cost of all lien
searches made by filing officers or searching agencies as may be deemed desirable by
the beneficiary. '

4. To provide and continuously maintain insurance on the buildings now or hereafter erected
on the property against loss or damage by fire and such other hazards as the beneficiary
may from time to time require, in an amount not less than the full insurable value, written
in companies acceptable to the beneficiary, with loss payable to the latter; all policies of
insurance shall be delivered to the beneficiary as soon as insured; if the grantor shall fail
for any reason to procure any such insurance and to deliver the policies to the beneficiary
at least fifteen (15) days prior to the expiration of any policy of insurance now or hereafter
placed on the buildings, the beneficiary may procure the same at grantor's expense. The
amount collected under any fire or other insurance policy may be applied by beneficiary
upon any indebtedness secured and in such order as beneficiary may determine, or at the
option of beneficiary the entire amount so collected, or any part, may be released to
grantor. Such application or release shall not cure or waive any default or notice of
default or invalidate any act done pursuant to such notice.

5. To keep the property free from construction liens and to pay all taxes, assessments and
other charges assessed upon or against the property before any part of such taxes,
assessments and other charges become past due or delinquent and promptly deliver
receipts to beneficiary. Should the grantor fail to make payment of any taxes,
assessments, insurance premiums, liens or other charges payable by grantor, either by
direct payment or by providing beneficiary with funds with which to make such payment,
beneficiary may, at its option, make payment, and the amount so paid, with interest at the
rate set forth in the note secured, together with the obligations described in paragraphs 6
and 7 of this trust deed, shall be added to and become a part of the debt secured by this
trust deed, without waiver of any rights arising from breach of any of the covenants and for
such payments, with interest as aforesaid, the property described, as well as the grantor,
shall be bound to the same extent that they are bound for the payment of the obligation
described, and all such payments shall be immediately due and payable without notice,
and the nonpayment shall, at the option of the beneficiary, render all sums secured by this
trust deed immediately due and payable and constitute a breach of this trust deed.

6. To pay all costs, fees and expenses of this trust including the cost of title search as well
as other costs and expenses of the trustee incurred in connection with or in enforcing this
obligation and trustee's fees and attorney's fees actually incurred.

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7. To appear in and defend any action or proceeding purporting to affect the security rights
or powers of beneficiary or trustee; and in any suit, action or proceeding in which the
beneficiary or trustee may appear, including any suit for the foreclosure of this trust deed,
to pay all costs and expenses, including evidence of title and the beneficiary's or trustee's
attorney's fees; the amount of attorney's fees mentioned in this paragraph 7 in all cases
shall be fixed by the trial court and in the event of any appeal from any judgment or
decree of the trial court, grantor further agrees to pay such sum as the appellate court
shall adjudge reasonable as the beneficiary's or trustee's attorney's fees on such appeal.

It is mutually agreed that:

8. In the event that any portion or all of the property shall be taken under the right of eminent
domain or condemnation, beneficiary shall have the right, if it so elects, to require that all
or any portion of the monies payable as compensation for such taking which are in excess
of the amount required to pay all reasonable costs, expenses and attorney's fees
necessarily paid by grantor in such proceedings, shall be paid to beneficiary and applied
by it first upon any reasonable costs and expenses and attorney's fees, both in the trial
and appellate courts, necessarily paid or incurred by beneficiary in such proceedings, and
the balance applied upon the indebtedness secured; and grantor agrees, at its own
expense, to take such actions and execute such instruments shall be necessary in
obtaining such compensation, promptly upon beneficiary's request.

9. Atany time and from time to time upon written request of beneficiary, payment of its fees
and presentation of this deed and the note for endorsement (in case of full
reconveyances, for cancellation), without affecting the liability of any person for the
payment of the indebtedness, trustee may (a) consent to the making of any map or plat of
the property; (b) join in granting any easement or creating any restriction; (c) join in any
subordination or other agreement affecting this deed or the lien or charge; (d) reconvey,
without warranty, all or any part of the property. The grantee in any reconveyance may be
described as the "person or persons legally entitled thereto,” and the recitals of any
matters or facts shall be conclusive proof of their truthfulness.

10. Upon any default by grantor, beneficiary may at any time by receiver to be appointed by a
court, and without regard to the adequacy of any security for the indebtedness secured,
enter upon and take possession of the property or any part, in its own name sue or
otherwise collect rents, issues and profits, including those past due and unpaid, and apply
the same, less costs and expenses of operation and collection, including reasonable

attorney's fees upon any indebtedness secured, and in such order as beneficiary may
determine.

11. The entering upon and taking possession of the property, the collection of such rents,
issues and profits, or the proceeds of fire and other insurance policies or compensation or
awards for any taking or damage of the property, and the application or release, shall not
cure or waive any default or invalidate any act done pursuant to such notice.

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12.

13.

14.

15.

16.

Upon default by grantor in payment of any indebtedness secured or in grantor's
performance of any agreement, time being of the essence with respect to such payment
and/or performance, the beneficiary may declare all sums secured immediately due and
payable. In such an event the beneficiary may elect to proceed to foreclose this trust
deed in equity as a mortgage or direct the trustee to foreclose this trust deed by
advertisement and sale, or may direct the trustee to pursue any other right or remedy,
either at law or in equity, which the beneficiary may have. In the event the beneficiary
elects to foreclose by advertisement and sale, the beneficiary or the trustee shall execute
and cause to be recorded a written notice of default and election to sell the property to
satisfy the obligation secured and the trustee shall fix the time and place of sale, give
notice as then required by law and proceed to foreclose this trust deed in the manner
provided by law.

After the trustee has commenced foreclosure by advertisement and sale, and at any time
prior to the time provided by law before the date the trustee conducts the sale, the grantor
or any other person so privileged, may cure the default or defaults. If the default consists
of a failure to pay, when due, sums secured by the trust deed, the default may be cured
by paying the entire amount due at the time of the cure other than such portion as would
not then be due had no default occurred. Any other default that is capable of being cured
may be cured by tendering the performance required under the obligation or trust deed.
In any case, in addition to curing the default or defaults, the person effecting the cure shall
pay to the beneficiary all costs and expenses actually incurred in enforcing the obligation
of the trust deed together with trustee's and attorney's fees not exceeding the amounts
provided by law.

Otherwise, the sale shall be held on the date and at the time and place designated in the
notice of sale or the time to which the sale may be postponed as provided by law. The
trustee may sell the property either in one parcel or in separate parcels, and shall sell the
parcel or parcels at auction to the highest bidder for cash, payable at the time of sale.
Trustee shall deliver to the purchaser its deed in form as required by law conveying the
property so sold, but without any covenant or warranty, express or implied. The recitals in
the deed of any matters of fact shall be conclusive proof of their truthfulness. Any person,
excluding the trustee, but including the grantor and beneficiary may purchase at the sale.

When trustee sells pursuant to the powers provided, trustee shall apply the proceeds of
sale to payment of (1) the expenses of sale, including the compensation of the trustee and
a reasonable charge by trustee's attorney, (2) to the obligation secured by the trust deed,
(3) to all persons having recorded liens subsequent to the interest of the trustee in the
trust deed as their interests may appear in the order of their priority and (4) the surplus, if
any, to the grantor or to any successor in interest entitled to such surplus.

Beneficiary may from time to time appoint a successor or successors to any trustee
named or to any successor trustee appointed. Upon such appointment, and without
conveyance to the successor trustee, the latter shall be vested with all title, powers and
duties conferred upon any trustee named or appointed. Each such appointment and
substitution shall be made by written instrument executed by beneficiary, which, when
recorded in the records of the county or counties in which the property is situated, shall be
conclusive proof of proper appointment of the successor trustee.

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17. Trustee accepts this trust when this deed, duly executed and acknowledged, is made a
public record as provided by law. Trustee is not obligated to notify any party of pending
sale under any other deed of trust or of any action proceeding in which grantor,
beneficiary or trustee shall be a party unless such action or proceeding is brought by
trustee.

The grantor covenants and agrees to and with the beneficiary and the beneficiary's
successor in interest that the grantor is lawfully seized in fee simple of the real property
and has a valid, unencumbered title, excepting and subject to:

NONE
and that the grantor will warrant and forever defend the same against all persons.

The grantor warrants that the proceeds of the loan represented by the above described
note and this trust deed are:

(a) primarily for grantor's personal, family or household purposes (see Important Notice
below),

This deed applies to, insures to the benefit of and binds all parties, their heirs, legatees,
devisees, administrators, executors, personal representatives, successors and assigns. The
term beneficiary shall mean the holder and owner, including pledges, of the contract secured,
whether or not named as a beneficiary.

In construing this trust deed, it is understood that the Grantor or Beneficiary may be more than
one person; that if the context so requires, the singular shall be taken to mean and include that
plural, and that generally all grammatical changes shall be made, assumed and implied to
make the provisions apply equally to corporations and to individuals.

Note: The Trust Deed Act provides that the trustee must be either an attorney, who is
an active member of the Oregon State Bar, a bank, a trust company or savings and loan
association authorized to do business under the laws of Oregon or the United States, a
title insurance company authorized to insure title to real property of this state, its
subsidiaries, affiliates, agents or branches, the United States or any agency thereof, or
an escrow agent licensed under state law.

*IMPORTANT NOTICE: Delete, by lining out, whichever warranty (a) or (b) is not
applicable; if warranty (a) is applicable and the beneficiary is a creditor as such word is
defined in the Truth-in-Lending Act Regulation Z, the beneficiary MUST comply with the
Act and Regulation by making required disclosure. If compliance with the Act is not
required, disregard this notice.

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WARNING

Unless you provide us with evidence of the insurance coverage as required by our contract or
loan agreement, we may purchase insurance at your expense to protect our interest. This
insurance may, but need not, also protect your interest. If the collateral becomes damaged,
the coverage we purchase may not pay any claim you make or any claim made against you.
You may later cancel this coverage by providing evidence that you have obtained property
coverage elsewhere.

You are responsible for the cost of any insurance purchased by us. The cost of this insurance
may be added to your contract or loan balance. If the cost is added to your contract or loan
balance, the interest rate on the underlying contract or loan will apply to this added amount.
The effective date of coverage may be the date your prior coverage lapsed or the date you
failed to provide proof of coverage.

The coverage we purchase may be considerably more expensive than insurance you can
obtain on your own and may not satisfy any need for property damage coverage or any
mandatory liability insurance requirements imposed by applicable law.

IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set
forth below.

Dated: April 3, 2026

State of Q (e con
County of _\_c, 0

This instrument was acknowledged before me on L\\ i \&&QAP by Candace Solesbee
and Danny Solesbee.

7] NOTARY PUBLIC - OREGON

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| ‘COMMISSION NO, 1045368

g . . N MY COMMISSION EXPIRES
Jy Commission Expires: _ Q) \5 5 S Ao 5{ FEBRUARY 15, 2028 |

“ ~ OFFICIALSTAMp ="
JACQUELYN L. SENTERS

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