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NOTICE OF MORTGAGE FORECLOSURE SALE NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage: DATE OF MORTGAGE: June 15, 2006 ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $108,000.00 MORTGAGOR(S): Michael R. Kratt, a married man and Nicholas Kratt, a single man MORTGAGEE: Mortgage Electronic Registration Systems, Inc., as nominee for Republic Bank, Inc., its successors and assigns DATE AND PLACE OF RECORDING: Recorded: June 23, 2006, St. Louis County Recorder Document Number: 01021630 LOAN MODIFICATION: Dated: May 02, 2013 Recorded: December 18, 2013 Document Number: 01229744 ASSIGNMENTS OF MORTGAGE: And assigned to: U.S. Bank National Association Dated: November 30, 2012 Recorded: February 19, 2013 St. Louis County Recorder Document Number: 01207864 Transaction Agent: Mortgage Electronic Registration Systems, Inc. Transaction Agent Mortgage Identification Number: 123219400000063809 Lender or Broker: Republic Bank, Inc. Residential Mortgage Servicer: U.S. Bank Home Mortgage, a division of U.S. Bank National Association Mortgage Originator: Not Applicable COUNTY IN WHICH PROPERTY IS LOCATED: St. Louis Property Address: 8019 Vinland St., Proctor MN 55810-1458 Tax Parcel ID Number: 010-0230-01570 LEGAL DESCRIPTION OF PROPERTY: Lots Fifteen (15), Sixteen (16), and Seventeen (17), Block Forty-three (43), Bay View Addition to Duluth No. 2 AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $114,548.11 THAT all pre-foreclosure requirements have been complied with; 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: June 03, 2014 at 10:00 AM PLACE OF SALE: Sheriff's Main Office, Civil Division, Main Courthouse, Duluth, Minnesota to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, including attorney 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. If the Mortgage is not reinstated under Minn. Stat. §580.30 or the property is not redeemed under Minn. Stat. §580.23, the Mortgagor must vacate the property on or before 11:59 p.m. on December 03, 2014, or the next business day if December 03, 2014 falls on a Saturday, Sunday or legal holiday. Mortgagor(s) released from financial obligation: NONE THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. 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. 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: March 31, 2014 ASSIGNEE OF MORTGAGEE: U.S. Bank National Association Wilford, Geske & Cook P.A. Attorneys for Assignee of Mortgagee 8425 Seasons Parkway, Suite 105 Woodbury, MN 55125-4393 (651) 209-3300 File Number: 030542F01 Budge: 04/20,04/27,05/04,05/11, 05/18,05/25/2014