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NOTICE OF MORTGAGE FORECLOSURE SALE - Borash

NOTICE OF MORTGAGE FORECLOSURE SALE - Borash 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 the cond...

NOTICE OF MORTGAGE FORECLOSURE SALE - Borash

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 the conditions of the following described mortgage:

DATE OF MORTGAGE: September 21, 2004

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DATE OF FIRST MODIFICATION: April 27, 2005

DATE OF SECOND MODIFICATION: February 8, 2006

DATE OF THIRD MODIFICATION: August 2, 2006

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $375,000.00

PRINCIPAL AMOUNT AFTER FIRST MODIFICATION: $475,000.00

MORTGAGOR(S): John W. Borash and Janet K. Borash

MORTGAGEE: Beacon Bank

DATE AND PLACE OF FILING ORIGINAL MORTGAGE: Filed October 27, 2004, Carlton County Recorder; Document No. 0386953

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DATE AND PLACE OF FILING FIRST MODIFICATION: Filed May 11, 2005, Carlton County Recorder; Document No. 0391913

DATE AND PLACE OF FILING SECOND MODIFICATION: Filed March 16, 2006, Carlton County Recorder; Document No. 0400129

DATE AND PLACE OF FILING THIRD MODIFICATION: Filed October 2, 2006, Carlton County Recorder; Document Nol 0404828

ASSIGNMENTS OF MORTGAGE(S): None

LEGAL DESCRIPTION OF PROPERTY:

That part of the Northeast Quarter of the Southeast Quarter of Section 23, Township 49, Range 16, Carlton County, Minnesota, described as follows:

Commencing at the southwest corner of said Northeast Quarter of the Southeast Quarter; thence northerly, along west line of said Northeast Quarter of the Southeast Quarter, a distance of 660.00 feet; thence easterly parallel with the south line of said Northeast Quarter of the Southeast Quarter, a distance of 360.00 feet to the actual point of beginning of the tract of land herein described; thence continuing easterly along last described parallel line, a distance of 548.11 feet to the west line of the east 533.00 feet of said Northeast Quarter of the Southeast Quarter; thence northerly, along last described west line, a distance of 638.73 feet to the north line of said Northeast Quarter of the Southeast Quarter; thence westerly, along last described north line, a distance of 516.74 feet to the intersection with a line that passes through the point of beginning and is parallel with said west line of the Northeast Quarter of the Southeast Quarter; thence southerly, along last described parallel line, a distance of 619.86 feet to the point of beginning.

Together with and subject to a 66.00 wide easement for utility, ingress and egress purposes over, under and across part of said Northeast Quarter of the Southeast Quarter, the centerline of said easement is described as follows:

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Commencing at the southwest corner of said Northeast Quarter of the Southeast Quarter; thence on an assumed bearing of North 01 degrees 22 minutes 22 seconds west, along west line of said Northeast Quarter of the Southeast Quarter, a distance of 660.00 feet; thence South 85 degrees 54 minutes 32 seconds east, parallel with the south line of said Northeast Quarter of the Southeast Quarter, a distance of 745.00 feet to the actual point of beginning of the easement centerline herein described; thence North 85 degrees 54 minutes 32 seconds west, along last described parallel line a distance of 300.00 feet; thence South 63 degrees 35 minutes 57 seconds west a distance of 411.98 feet; thence South 03 degrees 20 minutes 35 seconds west a distance of 447.99 feet to a point on the south line of said Northeast Quarter of the Southeast Quarter distant 33.00 feet easterly from the southwest corner of said Northeast Quarter of the Southeast Quarter, said point being the point of termination of said easement centerline.

A.P.N. 78-020-5422

COUNTY IN WHICH PROPERTY IS LOCATED: Carlton County, Minnesota

AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $500,146.56

THAT no action or proceeding has been instituted at law to recover the debts secured by said Mortgage, or any part thereof; that there has been compliance with all the pre-foreclosure notice and acceleration requirements of said Mortgage, and/or applicable statutes;

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: July 29, 2008 at 10:00 a.m.

PLACE OF SALE: Carlton County Sheriff's Office, Carlton County Courthouse, Carlton, Minnesota, to pay the debt then secured by said Mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law. The time allowed by law for redemption by said mortgagor(s), their personal representatives or assigns is six (6) months from the date of sale.

"THE TIME ALLOWED BY LAW FOR REDEMPTION BY MORTGAGORS, 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: May 15, 2008

BEACON BANK

Mortgagee

JOHNSON KILLEN & SEILER, P.A.

By:

Diana Bouschor Dodge, Atty #0256821

Joseph V. Ferguson, Atty #134806

230 W. Superior St., Ste. 800

Duluth, MN 55802

(218) 722-6331

Attorneys for Mortgagee

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

Published in the Pine Journal on June 5, 2008 X6

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