NOTICE OF MORTGAGE FORECLOSURE SALE
DATE: June 6, 2011
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING MORTGAGE TO BE FORECLOSED
1. Date of Mortgage: August 27, 2003
2. Mortgagors: Shane Schwartz and Melanie A. Schwartz, a married couple
3. Mortgagees: Members Cooperative Credit Union
4. Recording Information:
Mortgage recorded on September 2, 2003, as Document Number 374595, in the Office of the County Recorder of Carlton County, Minnesota.
5. Assignments of Mortgage, if any: None
INFORMATION REGARDING MORTGAGED PREMISES
6. Tax parcel identification number of the mortgaged premises: 98-010-2413
7. Legal description of the mortgaged premises:
A parcel of land in the Northwest 1/4 of Northwest 1/4, Section 11, Township 48, North of Range 18, West of the Fourth Principal Meridian, described as follows: Beginning at the Northwest corner of the Northwest 1/4 of Northwest 1/4, Section 11, Township 48. Range 18, thence East along the North line of said Northwest 1/4 of Northwest 1/4 a distance of 400 feet; thence South parallel with the West line of said Section a distance of 285 feet, thence west 400 feet to the West line of said Section; thence North along the West line of said Section a distance of 285 feet, more or less, to the point of beginning.
Carlton County, Minnesota
The described real property is not Registered (Torrens) property.
8. The physical street address, city, and zip code of the mortgaged premises: 1508 Lind Road, Cloquet, Minnesota 55720
OTHER FORECLOSURE DATA
9. The person holding the Mortgage is not a transaction agent, as defined by Minn. Stat. 58.02, subd. 30.
INFORMATION REGARDING FORECLOSURE
10. The requisites of Minn. Stat. 580.02 have been satisfied. 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.
11. The original principal amount secured by the Mortgage was $58,000.00.
12. At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $38,432.56.
13. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Carlton County, Minnesota, at public auction on September 27, 2011,10:00 a.m., at the Sheriff's Office, 317 Walnut Avenue, Carlton, MN 55718.
14. The time allowed by law for redemption by Mortgagor or Mortgagor's personal representatives or assigns is SIX (6) MONTHS after the date of sale.
15. Minn. Stat. 580.04(b) provides, "If the real estate is an owner-occupied, single-family dwelling, the notice must also specify 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." If this statute applies, the time to vacate the property is 11:59 p.m. on March 27, 2012.
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.
Name of Mortgagee:
Members Cooperative Credit Union
Name and Address of Attorney for Mortgagee:
/s/ Simone Suri, Attorney #0324899
Members Cooperative Credit Union
101 14th Street
Cloquet, MN 55720
(218) 878-3640
Tags: legal notices, legals
RSS Feeds