NOTICE OF MORTGAGE FORECLOSURE SALE, Olson

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 the conditions of the following described Mortgage: DATE OF MORTGAGE: December 22, 2008 MORTGAGOR: Sharon G. Olson a/k/a Sharon Giavarini Olson, a single person MORTGAGEE: TruStar Federal Credit Union SERVICER: TruStar Federal Credit Union MORTGAGE ID NUMBER: None DATE AND PLACE OF RECORDING: Recorded January 2, 2009, Koochiching County Recorder, Document No. 264536 ASSIGNMENTS OF MORTGAGE: None MORTGAGED PROPERTY ADDRESS: 3389 County Road 24, International Falls, MN 56649 TAX PARCEL I.D. #: 14-007-12100 LEGAL DESCRIPTION OF PROPERTY: That part of the NW1/4 NE1/4 and that part of the SW1/4 NE1/4, Section 7, Township 70, Range 23, lying West of the railroad right-of-way. COUNTY IN WHICH PROPERTY IS LOCATED: Koochiching REGISTERED LAND: the land described in the mortgage is not registered land. ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $125,000.00 AMOUNT DUE AND CLAIMED TO BE DUE AS OF THE DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $122,475.93 That prior to the commencement of this mortgage foreclosure proceeding, the 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 the 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: May 31, 2012 at 10:00 a.m. PLACE OF SALE: 715 Fourth Street, 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 attorney fees, allowed by law subject to redemption within twelve months from the date of said sale by the mortgagor(s), their personal representatives or assigns. DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, 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 is May 31, 2013. 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 11, 2012 Shermoen & Jaksa, PLLP By: Kimberly A. Literovich ARN 0347632 345 Sixth Avenue - PO Box 1072 International Falls, Minnesota 56649 THIS IS A COMMUNICATION FROM A DEBT COLLECTOR. The Journal April 11, 18, 25, May 2, 9 & 16, 2012