NOTICE OF MORTGAGE FORECLOSURE SALE

NOTICE OF MORTGAGE FORECLOSURE SALE
Date: October 26, 2020
YOU ARE NOTIFIED THAT default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING MORTGAGE TO BE FORECLOSED
1. The Mortgagors are David G. Shanahan and Shirley M. Shanahan, husband and wife.
2. The Mortgagee is F & M Community Bank, N. A.
3. The Mortgage is dated December 7, 2018, and was recorded in the office of the County Recorder of Fillmore County, Minnesota, on December 14, 2018, as Document Number A-420031.
4. The Mortgage has not been assigned.
INFORMATION REGARDING MORTGAGED PREMISES
5. The tax parcel identification numbers of the mortgaged premises is 17.0039.010.
6. The legal description of the mortgaged premises is:
Commencing at a point 300 ft. N. of the SW. Corner of the NE 1/4 Section 1-102-11, for the actual point of beginning of the tract of land to be herein described; thence N. 501 ft.; thence N. 64˚ E. 162 ft.; thence N. 30˚ 30’ E. 586 ft.; thence N. 47˚ E. 208 ft.; thence N. 37˚ E. 380 ft.; thence N. 46˚ 40’ E. 385 ft.; thence S. 29˚ E. 234 ft.; thence S. 43˚ 30’ E. 89.1 ft.; thence S. 73˚ E. 7.8 ft.; thence S. 30˚ 53’ W. 349 ft.; thence S. 58˚ 06’ E. 350.96 ft.; thence N. 9˚ E. 167.55 ft.; thence N. 22˚ 30’ E. 264.34 ft.; thence S. 73˚ E. 16.58 ft.; thence S. 22˚ 30’ W. 264 ft.; thence S. 9˚ W. 396 ft.; thence S. 21˚ 30’ W. 264 ft.; thence S. 14˚ 30’ W. 198 ft.; thence S. 60˚ 30’ W. 198 ft.; thence N. 85˚ W. 930 ft.; thence S. 22˚ 30’ W. 360 ft. to the actual point of beginning and containing 27.53 acres, more or less. All of the above described property being located in Fillmore County, Minnesota.
EXCEPTING THE FOLLOWING TWO PARCELS:
Parcel 1:
That part of the Northwest Quarter of the Northeast Quarter (NW 1/4 NE 1/4) and that part of the Southwest Quarter of the Northeast Quarter (SW 1/4 NE 1/4) all in Section 1, Township 102 North, Range 11 West, Fillmore County, Minnesota, described as follows: Commencing at the Northwest Corner of said NW 1/4 NE 1/4; thence South 01 degrees 11 minutes 38 seconds East (assumed bearing) along the West line of said NE 1/4, 1804.00 feet to the point of beginning of the tract of land to be herein described; thence North 62 degrees 48 minutes 22 seconds East, 160.00 feet; thence North 29 degrees 18 minutes 22 seconds East, 586.00 feet; thence North 45 degrees 48 minutes 22 seconds East, 208.00 feet; thence North 36 degrees 48 minutes 22 seconds East, 380.00 feet; thence North 88 degrees 38 minutes 35 seconds East, 14.75 feet to the centerline of West River Road (formerly a Township Road); thence North 43 degrees 33 minutes 16 seconds East along said centerline, 101.70 feet; thence North 44 degrees 49 minutes 38 seconds East along said centerline, 147.68 feet; thence North 60 degrees 26 minutes 12 seconds East along said centerline, 48.00 feet; thence North 78 degrees 57 minutes 10 seconds East along said centerline, 38.24 feet; thence South 73 degrees 00 minutes 11 seconds East along said centerline, 33.01 feet; thence South 38 degrees 21 minutes 10 seconds East along said centerline, 45.93 feet; thence South 40 degrees 16 minutes 26 seconds East along said centerline, 97.87 feet; thence South 51 degrees 36 minutes 24 seconds East along said centerline, 95.90 feet; thence South 29 degrees 41 minutes 22 seconds West, 91.85 feet; thence North 39 degrees 15 minutes 44 seconds West, 202.84 feet; thence North 89 degrees 48 minutes 52 seconds West, 81.23 feet; thence South 35 degrees 49 minutes 22 seconds West, 286.83 feet; thence South 39 degrees 56 minutes 48 seconds West, 505.85 feet; thence South 00 degrees 59 minutes 07 seconds East, 68.90 feet to the centerline of the South Branch of the Root River; thence South 55 degrees 20 minutes 42 seconds West along said centerline, 79.87 feet; thence South 24 degrees 05 minutes 45 seconds West along said centerline, 85.14 feet; thence South 29 degrees 23 minutes 21 seconds West along said centerline, 179.18 feet; thence South 32 degrees 15 minutes 31 seconds West along said centerline, 220.21 feet; thence South 40 degrees 11 minutes 54 seconds West along said centerline, 129.01 feet; thence South 62 degrees 13 minutes 25 seconds West along said centerline, 29.34 feet; thence South 27 degrees 50 minutes 22 seconds West along said centerline, 183.16 feet; thence South 78 degrees 48 minutes 22 seconds West along said centerline, 19.68 feet to the West line of said SW 1/4 NE 1/4; thence North 01 degree 11 minutes 38 seconds West along said West line, 292.00 feet to the point of beginning and containing 4.99 acres, more or less. Subject to easement for a Township Road across the Westerly and Northerly line thereof. Subject to any other easements of record.
Parcel 2:
That part of the Northeast Quarter of the Northeast Quarter (NE 1/4 NE 1/4) of Section 1, Township 102 North, Range 11 West, Fillmore County, Minnesota, described as follows: Commencing at the Southwest Corner of said NE 1/4 NE 1/4; thence North 01 degree 17 minutes 30 seconds West (assumed bearing) along the West line of said NE 1/4 NE 1/4, 521.13 feet to the centerline of West River Road (formerly a Township Road); thence South 59 degrees 50 minutes 09 seconds East along said centerline, 66.04 feet; thence South 69 degrees 01 minute 25 seconds East along said centerline, 162.69 feet; thence South 74 degrees 22 minutes 47 seconds East along said centerline, 9.17 feet to the point of beginning of the tract of land to be herein described; thence continuing South 74 degrees 22 minutes 47 seconds East along said centerline, 16.58 feet to the intersection of the centerline of the Dugway Road (a cartway); thence South 21 degrees 18 minutes 22 seconds West along said centerline, 183.18 feet; thence North 68 degrees 41 minutes 38 seconds West, 16.50 feet; thence North 21 degrees 18 minutes 22 seconds East, 181.53 feet to the point of beginning and containing 0.07 acres, more or less. Subject to easement for a Township Road across the Northerly line thereof. Subject to any other easements of record.
7. The physical street address, city, and zip code of the mortgaged premises is 1016 River Place West, Preston, Minnesota 55965.
OTHER FORECLOSURE DATA
8. This Mortgage is not a residential mortgage loan within the meaning of the Minnesota Residential Mortgage Originator and Servicer Licensing Act. Accordingly, there is no transaction agent, residential mortgage servicer, lender, broker, or residential mortgage originator.
INFORMATION REGARDING FORECLOSURE
9. The conditions precedent and requisites for foreclosure under the Minnesota Statutes on foreclosure by advertisement have been satisfied, including that no action at law to recover the debt secured by the Mortgage is pending and that a default has occurred by which the power to sell has become operative.
10. The original principal amount secured by the Mortgage was $100,000.00.
11. At the date of this Notice, the amount due on the Mortgage, including taxes (if any) paid by the holder of the Mortgage, is $108,823.47.
12. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the Sheriff of Fillmore County, Minnesota, will sell the mortgaged premises at public auction on Thursday, December 17, 2020, at 10:00 a.m., at the Fillmore County Courthouse, Main Lobby, 101 Fillmore Street, in the City of Preston, Minnesota.
13. The time allowed by law for redemption by the Mortgagor or the personal representatives or assigns of the Mortgagor is 12 months after the date of sale.
F & M COMMUNITY BANK, N. A.
Mortgagee
DUNLAP & SEEGER, P. A.
By /s/ Paul W. Bucher
Paul W. Bucher
Attorney Registration No. 123237
Attorneys for Mortgagee
30 Third Street Southeast, Suite 400
Post Office Box 549
Rochester, Minnesota 55903-0549
Telephone: (507) 288-9111
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