NOTICE OF MORTGAGE FORECLOSURE SALE, Carsella

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:  March 16, 2006

    MORTGAGOR:  Donald Alvin Carsella and Pamala M. Carsella, as joint tenants.

    MORTGAGEE:  Mortgage Electronic Registration Systems, Inc.

    DATE AND PLACE OF RECORDING:     Recorded March 22, 2006 Koochiching County Recorder, Document No. A000255349.

    ASSIGNMENTS OF MORTGAGE:   Assigned to:  U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Mortgage Pass-Through Certificates, Series 2006-3.

    TRANSACTION AGENT:  Mortgage Electronic Registration Systems, Inc.

    TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON

MORTGAGE:  100122200002425681

    LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON

MORTGAGE:  BNC Mortgage, Inc.

    RESIDENTIAL MORTGAGE SERVICER:  JPMorgan Chase Bank, National Association

    MORTGAGED PROPERTY ADDRESS:  12489 Highway 71, Northome, MN 56661

    TAX PARCEL I.D. #:  72-034-2400

    LEGAL DESCRIPTION OF PROPERTY:

SE1/4 NW1/4, lying South and West of Highways No. 1 and 71 right of ways; and NE1/4  NW 1/4, lying South and West of Highway No. 1, all in Section 34, Township 151, Range 29, west of the Fifth Principal Meridian.

    COUNTY IN WHICH PROPERTY IS LOCATED:    Koochiching

    ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:    $216,090.00

    AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:    $231,403.91

     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: June 7, 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  twelve (12) 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 June 7, 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: April 9, 2012

                U.S. Bank National Association, as Trustee

                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

30-12058

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

The Journal

April 21, 28, May 5, 12, 19 & 26, 2012