NOTICE OF CANCELLATION OF CONTRACT FOR DEED - 60-M
YOU ARE NOTIFIED:
1. Default has occurred in the Contract for Deed ("contract") dated June 27, 2006, and filed for record July 5, 2006, as Document Number A000402663, in the Office of the Carlton County Recorder Carlton County, Minnesota, in which Oliver W. Thorman, as seller, sold to Michael A. Lund, as purchaser, the real property in Carlton County, Minnesota, described as follows:
A tract of land commencing 68 feet, North of the Southwest corner of Lot Four (4), Block One (1), Vibert's Addition to the Village of Cloquet, now City of Cloquet, thence East 120 feet, thence North 50 feet, thence West 120 feet, thence South 50 feet to the place of beginning.
2. The default is as follows: Failure to pay the monthly payments of $600.00 due on November 27, 2006; December 27, 2006; January 27, 2007; February 27; 2007; and March 27, 2007; failure to pay second half of real estate taxes due and payable in 2006 in the amount of $249.83, which Seller has paid.
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3. For contracts executed after August 1, 1976, and prior to August 1, 1976, and prior to August 1, 1985, the purchase price was $__________ and the amount of the purchase price paid by purchase is $__________, which is _____% of the purchase price, as calculated in the manner required by Minnesota Statutes §559.21, subd. 1e.
4. The conditions contained in Minnesota Statutes §559.209 have been complied with or are not applicable.
5. THIS NOTICE IS TO INFORM YOU THAT BY THIS NOTICE THE SELLER HAS BEGUN PROCEEDINGS UNDER MINNESOTA STATUTES, SECTION 559.21, TO TERMINATE YOUR CONTRACT FOR THE PURCHASE OF YOUR PROPERTY FOR THE REASONS SPECIFIED IN THIS NOTICE. THE CONTRACT WILL TERMINATE 90 DAYS AFTER THE FIRST DATE OF PUBLICATION OF THIS NOTICE UNLESS BEFORE THEN:
(a) THE PERSON AUTHORIZED IN THIS NOTICE TO RECEIVE PAYMENTS RECEIVES FROM YOU:
(1) THE AMOUNT THIS NOTICE SAYS YOU OWE; PLUS
(2) THE COSTS OF SERVICE (TO BE SENT TO YOU); PLUS
(3) $250.00 TO APPLY TO ATTORNEYS' FEES ACTUALLY EXPENDED OR INCURRED; PLUS
(4) FOR CONTRACTS EXECUTED ON OR AFTER MAY 1, 1980, ANY ADDITIONAL PAYMENTS BECOMING DUE UNDER THE CONTRACT TO THE SELLER AFTER THIS NOTICE WAS SERVED ON YOU; PLUS
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(5) FOR CONTRACTS, OTHER THAN EARNEST MONEY CONTRACTS, PURCHASE AGREEMENTS, AND EXERCISED OPTIONS, EXECUTED ON OR AFTER AUGUST 1, 1985, $12.00 (WHICH IS TWO PERCENT OF THE AMOUNT IN DEFAULT AT THE TIME OF SERVICE OTHER THAN THE FINAL BALLOON PAYMENT, ANY TAXES, ASSESSMENTS, MORTGAGES, OR PRIOR CONTRACTS THAT ARE ASSUMED BY YOU); OR
(b) YOU SECURE FROM A COUNTY OR DISTRICT COURT AN ORDER THAT THE TERMINATION OF THE CONTRACT BE SUSPENDED UNTIL YOUR CLAIMS OR DEFENSES ARE FINALLY DISPOSED OF BY TRIAL, HEARING OR SETTLEMENT. YOUR ACTION MUST SPECIFICALLY STATE THOSE FACTS AND GROUNDS THAT DEMONSTRATE YOUR CLAIMS OR DEFENSES.
IF YOU DO NOT DO ONE OR THE OTHER OF THE ABOVE THINGS WITHIN THE TIME PERIOD SPECIFIED IN THIS NOTICE, YOUR CONTRACT WILL TERMINATE AT THE END OF THE PERIOD AND YOU WILL LOSE ALL THE MONEY YOU HAVE PAID ON THE CONTRACT; YOU WILL LOSE YOUR RIGHT TO POSSESSION OF THE PROPERTY; YOU HAVE LOSE YOUR RIGHT TO ASSERT ANY CLAIMS OR DEFENSES THAT YOU MIGHT HAVE; AND YOU WILL BE EVICTED. IF YOU HAVE ANY QUESTIONS ABOUT THIS NOTICE, CONTACT AN ATTORNEY IMMEDIATELY.
6. The name, mailing address, street address or location and telephone number of the seller or of an attorney authorized by the seller to accept payments pursuant to this notice is:
OLIVER W. THORMAN
Seller
Mailing Address: 2433 County Road 4
Carlton, MN 55718
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Street Address or Location where the Seller or the Attorney will accept payment pursuant to this notice:
Oliver W. Thorman
2433 County Road 4
Carlton, MN 55718
Telephone: 218-389-3232
This person is authorized to receive the payments from you under this notice.
/s/ Oliver W. Thorman
Important Notice:
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This notice and related communications are attempts to collect a debt and any information obtained will be used for that purpose.
Published in the Pine Journal on April 18, 2007 X3
