Minnesota Uniform
Conveyancing Blanks
Minn. Stat. 580.025, 580.04
Form 60.2.1 (2009)
DATE: June 17, 2024
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING MORTGAGE TO BE FORECLOSED
Date of Mortgage: July 20, 2023
Mortgagors: Jodi A. Gleason and Richard W. Gleason, wife and husband
Mortgagees: First State Bank Minnesota
Recording Information:
Recorded on July 28, 2023 , as Document Number 443300 in the Office of the County Recorder of Fillmore County, Minnesota.
INFORMATION REGARDING MORTGAGED PREMISES
Tax parcel identification number of the mortgaged premises: 30.0017.010
Legal description of the mortgaged premises:
See Schedule A Legal Description
PARCEL 1: One-half acre of unplatted land in the incorporated limits of the Village of Wykoff, which is more particularly described as follows: Commencing at the southwest corner of the northwest quarter of Section 22, Township 103 North, Range 12 West, running thence north 10 rods, thence east 8 rods, thence south 10 rods, thence west 8 rods to the place of beginning. AND PARCEL II: Commencing 8 rods East of the SW Corner of the NW 1/4 of Section 22-103-12, running thence North 165 feet, thence East 46.5 feet, thence South 165 feet, thence West 46.5 feet to place of beginning, City of Wykoff. BOTH ABOVE PARCELS ALTERNATELY DESCRIBED AS: approximately .68 acres of unplatted land in the incorporated limits of the City of Wykoff, Fillmore County, which is more particlularly described as follows: the West 178.5 feet of the South 165 feet of the Northwest 1/4 of Section 22, Township 103 North, Range 12 West.
The physical street address, city, and zip code of the mortgaged premises: 408 Line Street North, Wykoff, Minnesota 55990
OTHER FORECLOSURE DATA
The person holding the Mortgage: is not a transaction agent, as defined by Minn. Stat. 58.02, subd. 30.
The name(s) of the residential mortgage servicer, and the lender or broker, as defined in Minn. Stat. 58.02, are First State Bank Minnesota.
INFORMATION REGARDING FORECLOSURE
The requisites of Minn. Stat. 580.02 have been satisfied.
The original principal amount secured by the Mortgage was $70,000.00
At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $73,577.19
Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Fillmore County, Minnesota, at public auction on August 22, 2024, 10:00 a.m., at Fillmore County Sheriff’s Office, 901 Houston Street N.W., Preston, Minnesota 55965
The time allowed by law for redemption by Mortgagor or Mortgagor’s personal representatives or assigns is six months after the date of sale.
Minn. Stat. 580.04(b) provides, “If the real estate is an owner-occupied, single-family dwelling, the notice must 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 11:59 p.m. on February 22, 2025
“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 of Mortgagee or
Mortgage Assignee:
First State Bank Minnesota
Name and address of Attorney for
Mortgagee or Mortgage Assignee:
Dean K. Adams
Adams, Rizzi & Sween, P.A.
300 First Street N.W.
Austin, Minnesota 55912
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