Mortgage Foreclosure

NOTICE OF MORTGAGE FORECLOSURE SALE
NOTICE IS HEREBY GIVEN, that default has occurred in the conditions of the following described mortgage:
DATE OF MORTGAGE:
September 28, 2004
MORTGAGOR(S): JMS&D Holdings, LLC, a Minnesota limited liability company
MORTGAGEE:
Boundary Waters Bank
DATE AND PLACE OF RECORDING: Filed October 27, 2004, Isanti County Recorder, as Document No. 341666
ASSIGNMENT(S) OF MORTGAGE: NA
The land described in said mortgage is not registered land.
MORTGAGE HOLDER (as defined in section 58.02):
Transaction Agent: NA
Transaction Agents Mortgage Identification Number on Mortgage: NA
Lender or Broker:
Boundary Waters Bank
Residential Mortgage Servicer:
NA
MORTGAGE ORIGINATOR (as defined in section 58.02): Boundary Waters Bank
MORTGAGED PROPERTY ADDRESS: 448 E. Dual Blvd., Isanti, MN, 55040-7128
TAX PARCEL I.D. NO.:
16.040.0850
LEGAL DESCRIPTION OF PROPERTY: That part of the Southwest Quarter of the Northwest Quarter (SW 1/4 of NW 1/4) of Section Twenty-nine (29), Township Thirty-five (35), Range Twenty-three (23), described as follows:
Commencing at the point of intersection of the East-West Quarter line of Section 29 with the Easterly right-of-way line of the Burlington-Northern Railroad (formerly known as the Great Northern Railway); thence Easterly on an assumed azimuth of 90 degrees 00 minutes 30 seconds, along the East-West Quarter line of Section 29, a distance of 834.08 feet; thence Northerly on an azimuth of 358 degrees 50 minutes 10 seconds a distance of 695.93 feet to the point of beginning of the parcel herein described; thence continuing Northerly on an azimuth of 358 degrees 50 minutes 10 seconds; a distance of 132 feet; thence Easterly on an azimuth of 90 degrees 00 minutes 30 seconds, parallel with the South line of the SW 1/4 of NW 1/4, a distance of 330 feet to the East line of the SW 1/4 of NW 1/4 of Section 29; thence Southerly on an azimuth of 178 degrees 50 minutes 10 seconds, along said East line, a distance of 132 feet; thence Westerly on an azimuth of 270 degrees 00 minutes 30 seconds, parallel with the South line of the SW 1/4 of NW 1/4, a distance of 330 feet to the point of beginning and there terminating.
The above described tract is part of Lot 1 Auditors Subdivision No. 10, Isanti County, Minnesota.
COUNTY IN WHICH PROPERTY IS LOCATED: Isanti
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $328,500.00
AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THIS NOTICE:
$199,084.23
The holder of the mortgage has complied with all conditions precedent to acceleration of the debt secured by the mortgage and foreclosure of the mortgage and all notice and other requirements of applicable statutes. 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 at 10:00 AM
PLACE OF SALE: Front lobby of the sheriffs office, 509 18th Avenue SW, in the City of Cambridge, County of Isanti, State of Minnesota
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.
MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE: NA
Dated: January 3, 2014
BOUNDARY WATERS BANK,
Mortgagee
/s/ Kelly S. Hadac
KELLY S. HADAC -for-
Atty. I.D. #0328194
MURNANE BRANDT
Attorneys for Mortgagee
30 East Seventh Street, Suite 3200
St. Paul, Minnesota 55101
Telephone: (651) 227-9411
Published in the
Isanti County News
January 8, 15, 22, 29,
February 5, 12, 2014
159908

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