Notice of Mortgage Foreclosure Sale - Steele

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.

NOTICE IS HEREBY GIVEN, that default has occurred in conditions of the following described mortgage:

DATE OF MORTGAGE:  September 24, 2010

MORTGAGOR:  Aaron M. Steele, single person.

MORTGAGEE:  Border State Bank.

DATE AND PLACE OF RECORDING:   Recorded October 1, 2010 Koochiching County Recorder, Document No. A 000269917.

ASSIGNMENTS OF MORTGAGE:  Assigned to:  Merchants Bank, National Association .

TRANSACTION AGENT:  NONE

TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE:  NONE

LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON 

MORTGAGE:  Border State Bank

RESIDENTIAL MORTGAGE SERVICER:  Merchants Bank, N.A.

MORTGAGED PROPERTY ADDRESS:  3635 County Road 145, International Falls, MN 56649

TAX PARCEL I.D. #:  20.001.34200 and 2000133400

LEGAL DESCRIPTION OF PROPERTY:

Those Parts of the West 206 Feet of the SE 1/4 SW 1/4 and the East 94 Feet of the SW 1/4 Sw 1/4, Section 1. Township 69, Range 24, West of the Fourth Principal Meridian, Lying South of the Rat Root River

COUNTY IN WHICH PROPERTY IS LOCATED:  Koochiching

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:  $62,400.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:  $58,594.72

That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements as required by statute; That no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof;

PURSUANT to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows:

DATE AND TIME OF SALE: October 25, 2012 at 10:00 AM

PLACE OF SALE:Sheriff’s Office, Law Enforcement Center, International Falls, MN

to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, including attorneys’ fees allowed by law subject to redemption within    six (6) months from the date of said sale by the mortgagor(s), their personal representatives or assigns unless reduced to Five (5) weeks under MN Stat. §580.07.

TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on April 25, 2013, unless the redemption period is reduced to 5 weeks under MN Stat. Secs. 580.07 or 582.032.

MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON 

MORTGAGE:None

“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.”

Dated: August 28, 2012

Merchants Bank, National Association

Mortgagee/Assignee of Mortgagee

USSET, WEINGARDEN AND LIEBO, P.L.L.P.

Attorneys for Mortgagee/Assignee of Mortgagee

4500 Park Glen Road #300

Minneapolis, MN 55416

(952) 925-6888

94 - 12-004132 FC

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

The Journal

September 5, 12, 19, 26, October 3 & 10, 2012