(1) Four months after the date of first publication of notice to claimants in the manner provided by ORS 130.365; or
(2) If the trustee delivers or mails a notice to a claimant under ORS 130.370, 30 days after a notice meeting the requirements of ORS 130.370 is delivered or mailed to the last-known address of the person having or asserting the claim. [Formerly 128.262]