Mortgage Foreclosure

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:
Mortgagor: Michael A. Sellman, a single person
Mortgagee: Lake Area Mortgage, a division of Lake Area Bank
Dated: 08/05/2009
Recorded: 10/08/2009
Isanti County Recorder Document No. 403050
Assigned To: Minnesota Housing Finance Agency
Dated: 08/05/2009
Recorded: 10/08/2009
Isanti County Recorder Document No. 403051
Transaction Agent: N/A
Transaction Agent Mortgage ID No: N/A
Lender or Broker:
Lake Area Mortgage
Servicer:
U.S. Bank Home Mortgage
Mortgage Originator:
Lake Area Mortgage
LEGAL DESCRIPTION OF PROPERTY: That part of the Southwest Quarter of the Southwest Quarter of Section 33, Township 36, Range 23, described by metes and bounds as follows, to-wit: Commencing at a point on the West Section line of said Section, 33 feet South of the Northwest corner of said tract, thence East parallel to the South 1/16th line a distance of 183 feet; thence South and parallel to the West Section line a distance of 74 feet; thence West and parallel to the South 1/16th line a distance of 183 feet to the West Section line, thence North following the West Section line a distance of 74 feet to the point of beginning and there to terminate, Isanti County, Minnesota
This is Abstract Property.
TAX PARCEL NO.: 15.033.0400
ADDRESS OF PROPERTY:
1100 Old Main Street South
Cambridge, MN 55008
COUNTY IN WHICH PROPERTY IS LOCATED: Isanti
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $79,823.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $80,394.73
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:
February 26, 2014, 10:00 AM
PLACE OF SALE: West Door of Law Enforcement Center, City of Cambridge
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 6 Months from the date of said sale by the mortgagor(s), their personal representatives or assigns.
DATE TO VACATE PROPERTY: The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Minnesota Statutes section 580.30 or the property redeemed under Minnesota Statutes section 580.23 is August 26, 2014 at 11:59 p.m. If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is the next business day at 11:59 p.m.
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: December 27, 2013
Minnesota Housing Finance Agency,
Assignee of Mortgagee
PETERSON, FRAM & BERGMAN, P.A.
By: Michael T. Oberle, Ben I. Rust, Jonathan R. Cuskey, Michael V. Schleisman, Tracy J. Halliday
Attorneys for:
Minnesota Housing Finance Agency,
Assignee of Mortgagee
55 East Fifth Street, Suite 800
St. Paul, MN 55101-1718
651-209-7599
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.
16205-13-01703-1
Published in the
Isanti County News
January 8, 15, 22, 29,
February 5, 12, 2014
159783

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