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 conditions of the following described mortgage:
DATE OF MORTGAGE:
June 17, 2005
MORTGAGOR: Darwin B. Olson and Sharon J. Olson, husband and wife.
MORTGAGEE:
Cambridge State Bank.
DATE AND PLACE OF RECORDING: Recorded June 23, 2005 Isanti County Recorder, Document No. 351534.
ASSIGNMENTS OF MORTGAGE: Assigned to: CitiMortgage, Inc. successor by merger with ABN AMRO Mortgage Group, Inc.. Dated June 17, 2005 Recorded June 28, 2005, as Document No. 351789.
TRANSACTION AGENT: NONE
TRANSACTION AGENTS MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE:
Cambridge State Bank
RESIDENTIAL MORTGAGE SERVICER: CitiMortgage, Inc.
MORTGAGED PROPERTY ADDRESS: 688 361st Avenue Northeast, Stanchfield, MN 55080
TAX PARCEL I.D. #: 03.007.1500
LEGAL DESCRIPTION OF PROPERTY:
That part of the Southwest Quarter of the Northeast Quarter (SW1/4 of NE1/4) of Section Seven (7), Township Thirty-six (36), Range Twenty-three (23), described as follows: Beginning at the Southeast corner of the SW 1/4 of NE 1/4; thence West along the South line thereof a distance of 33 feet to the actual point of beginning of the parcel to be herein described; thence North parallel with the East line of said SW 1/4 of NE 1/4 a distance of 113 feet; thence West parallel with the South line of said SW 1/4 of NE 1/4 and to the West line thereof; thence South on the West line of said SW 1/4 of NE 1/4 and to the Southwest corner thereof; thence East on the South line of said SW 1/4 of NE 1/4 to the point of beginning and there to terminate.
AND
All that part of the Northwest Quarter of the Southeast Quarter (NW1/4 of SE1/4) of Section Seven (7), Township Thirty-six (36), Range Twenty-three (23), described as follows: Beginning at the Northeast corner of the NW 1/4 of SE 1/4 of said Section; thence West along the North line thereof a distance of 95 feet to the actual point of beginning of the parcel to be herein described; thence South parallel with the East line of said NW 1/4 of SE 1/4 3 distance of 720 feet; thence West parallel with the North line of said NW 1/4 of SE 1/4 and to the West line thereof; thence North on the West line of said NW 1/4 of SE 1/4 to the Northwest corner thereof; thence East on the North line of said NW 1/4 of SE 1/4 to the actual point of beginning and there to terminate. Together with the right to use road South of the North line of the NW 1/4 of SE 1/4 of said Section 7, a distance of 95 feet, more or less, from the public road to the above described property.
COUNTY IN WHICH PROPERTY IS LOCATED: Isanti
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $95,000.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: 99,540.39
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 16, 2014 at 10:00 AM
PLACE OF SALE: Sheriffs Office, Law Enforcement Center, 509 18th Avenue Southwest, Cambridge, 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 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 16, 2015, unless that date falls on a weekend or legal holiday, in which case it is the next weekday, and 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 MORTGAGORS 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 13, 2014
CitiMortgage, Inc.
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
10 – 14-003508 FC
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.
Published in the
Isanti County News
August 27, September 3, 10, 17, 24, October 1, 2014
270340

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