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.
DATE: January 4, 2012
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
DATE OF MORTGAGE: March 9, 2010.
MORTGAGOR: Debra A. Johnson, a single person.
MORTGAGEE: Lake State Federal Credit Union, P.O. Box 330, 301 Elm Avenue, Moose Lake, Minnesota 55767.
RECORDING INFORMATION: Recorded on March 17, 2010, as Document Number A000429935, in the Office of the County Recorder of Carlton County, Minnesota.
ASSIGNMENTS OF MORTGAGE, IF ANY: None.
TAX PARCEL IDENTIFICATION NUMBERS OF THE MORTGAGED PREMISES: 51-056-5410, 51-056-5442 and 51-056-5422.
LEGAL DESCRIPTION OF THE MORTGAGED PREMISES:
That part of Government Lot 5 of Section 32, Township 47, Range 20, lying West of the right of way of Minnesota Highway No. 73, said right of way identified as Parcel 310 and Parcel 310-A on that State Highway Right of Way Plat No. 09-1 recorded in the office of the Carlton County Recorder on February 14, 1975, as Document No. 204171.
That part of the North 239 feet of Government Lot 6 of Section 32, Township 47, Range 20, lying West of the right of way of Minnesota Highway No. 73, said right of way identified as Parcel 310-A on that State Highway Right of Way Plat No. 09-1 recorded in the office of the Carlton County Recorder on February 14, 1975, as Document No. 204171; EXCEPT the West 227 feet thereof.
THE PHYSICAL STREET ADDRESS, CITY, AND ZIP CODE OF THE MORTGAGED PREMISES: 5912 Brown Road, Kettle River, Minnesota 55757.
The person holding the Mortgage is not a transaction agent, as defined by Minn. Stat. 58.02, subd. 30.
The name of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is Lake State Federal Credit Union, P.O. Box 330, 301 Elm Avenue, Moose Lake, Minnesota 55767.
If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is Lake State Federal Credit Union, P.O. Box 330, 301 Elm Avenue, Moose Lake, Minnesota 55767.
Prior to the commencement of this mortgage foreclosure proceeding, mortgagee has complied with all notice requirements required by statute or contract and satisfied the requisites of Minn. Stat. 580.02.
THE ORIGINAL PRINCIPAL AMOUNT SECURED BY THE MORTGAGE WAS $42,500.00.
AT THE DATE OF THIS NOTICE THE AMOUNT DUE ON THE MORTGAGE, INCLUDING TAXES, IF ANY, PAID BY THE HOLDER OF THE MORTGAGE, IS $45,469.09.
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 March 6, 2012, at 10:00 a.m., at the Carlton County Sheriff's Department, 301 Walnut Avenue, Carlton, Minnesota.
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.
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 September 6, 2012. If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is 11:59 p.m. on the next business day.
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 or Mortgage Assignee:
LAKE STATE FEDERAL CREDIT UNION
Name and address of Attorney for Mortgagee
or Mortgage Assignee:
/s/ John M. Gassert
JOHN M. GASSERT
RUDY, GASSERT, YETKA & PRITCHETT, P.A.
813 Cloquet Avenue
Cloquet, MN 55720