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Notice of Mortgage Foreclosure Sale


Fri, Jun 14th, 2013
Posted in All Legals

Notice of Mortgage Foreclosure Sale

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.

DATE: June 12, 2013

YOU ARE NOTIFIED that default has occured in the conditions of the following described Mortgage:

INFORMATION REGARDING MORTGAGE TO BE FORCLOSED

1. Date of Mortgage: March 20, 2009

2. Mortgagors: Gary M. Steuart

3. Mortgagees: Jennings State Bank

4. Recording Information:

Recorded on March 25, 2009, as Document Number 370622, in the Office of the County Recorder of Fillmore County, Minnesota.

5. Assignments of Mortgage, if any:

Assigned to Central Bank, a Minnesota banking corporation by written assignment recorded on September 22, 2010, as Document Number 380410, in the recording office stated in paragraph 4.

INFORMATION REGARDING MORTGAGED PREMISES

6. Tax parcel identification number of the mortgaged premises: 02-0081-020

7. Legal description of the mortgaged premises:

Lots 74 and 75 Original Plat of the City of Mabel, Fillmore County, Minnesota.

8. The physical street address, city, and zip code of the mortgaged premises: 142 South Main Street, Mabel, Minnesota 55954.

OTHER FORECLOSURE DATA

9. The person holding the Mortgage is not a transaction agent, as defined by Minn. Stat. 58.02, subd. 30.

The name of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is Central Bank.

10. If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is Jennings State Bank.

INFORMATION REGARDING FORECLOSURE

11. The requisites of Minn. Stat. 580.02 have been satisfied.

12. The original principal amount secured by the Mortgage was $175,000.00.

13. At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $146,027.67.

14. Pursuant to the power of sale in the Mortgage, the Mortgage will be forclosed, and the mortgaged premises will be sold by the Sheriff of Fillmore County, Minnesota, at public auction on August 8, 2013 at 10:00 am, at Fillmore County Courthouse, Main Lobby, 101 Fillmore Street, Preston, Minn. 55965-1080.

15. The time allowed by law for redemption by Mortgagor’s personal representatives or assigns is 6 months after the date of sale.

16. Minn. Stat, 580.04 (b) provides, “If the real estate is an owner-occupied, single-family dwelling, the notice might also specify the date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under section 580.30 or the property redeemed under section 580.23.” If this statute applies, the time to vacate the property is N/A.

THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR’S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES, SECTION 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED.

Name and address of Attorney for Mortgagee or Mortgage Assignee:

Joseph M. Paiement

221 East Myrtle Street

Stillwater, Minn 55082

Name of Mortgagee or Mortgage Assignee: Central Bank

Publish 17, 24, 1, 8, 15, 22

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