Mortgage Electronic Registration Systems, Inc vs Olson | Republican Eagle

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Mortgage Electronic Registration Systems, Inc vs Olson

Thursday, August 15, 2013 - 11:20pm

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.
NOTICE IS HEREBY GIVEN, that default has occurred in conditions of the following described mortgage:
DATE OF MORTGAGE:June 7, 2005
MORTGAGOR:Michael Olson and Brenda Olson, Husband and Wife.
MORTGAGEE:Mortgage Electronic Registration Systems, Inc..
DATE AND PLACE OF RECORDING: Recorded June 30, 2005 Goodhue County Recorder, Document No. A 520560.
ASSIGNMENTS OF MORTGAGE: Assigned to: U.S. Bank National Association, Trustee for Lehman Brothers Structured Asset Investment Loan Trust SAIL 2005-HE3. Dated December 28, 2006 Recorded January 9, 2007, as Document No. A 540977. And thereafter assigned to: U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Mortgage Pass-Through Certificates, Series 2005-HE3. Dated April 26, 2013 Recorded May 15, 2013, as Document No. A-605337.
TRANSACTION AGENT: Mortgage Electronic Registration Systems, Inc.
TRANSACTION AGENT\'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: 100122200001748646
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: BNC Mortgage, Inc.
RESIDENTIAL MORTGAGE SERVICER: JPMorgan Chase Bank, National Association
MORTGAGED PROPERTY ADDRESS: 30283 County 2 Boulevard, Frontenac, MN 55026 N/K/A 33509 County 2 Boulevard, Red Wing, MN 55066
TAX PARCEL I.D. #: 32-015-0800
LEGAL DESCRIPTION OF PROPERTY:
Exhibit "A"
All that part of the Northwest Quarter (NW1/4) of the Northeast Quarter (NE1/4) of Section 15, in Township 112 North, of Range 13 West of the fifth principal meridian, in the County of Goodhue, State of Minnesota, described as follows:
Beginning at a point on the quarter section line of said Section 15, 325 feet South of the Chicago, Milwaukee and St. Paul Railway right of way, running thence East 100 feet, thence South 120 feet to the Northerly edge of the Wells Creek Road, now designated as Goodhue County No. 2, thence Southwesterly along the Northerly edge of said Road to a point 250 feet South of the place of beginning, thence North to the place of beginning.
COUNTY IN WHICH PROPERTY IS LOCATED:Goodhue
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:$132,050.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:$212,382.38
That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements as required by statute; 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: August 28, 2013 at 11:00 AM
PLACE OF SALE:Sheriff\'s Office, Main Lobby of the Law Enforcement Center, 430 West 6th Street, Red Wing, MN
to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, including attorneys\' 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 unless reduced to Five (5) weeks under MN Stat. §580.07.
TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on February 28, 2014, unless that date falls on a weekend or legal holiday, in which case it is the next weekday, and unless the redemption period is reduced to 5 weeks under MN Stat. Secs. 580.07 or 582.032.
MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE:None
"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: June 17, 2013
U.S. Bank National Association, as Trustee
Mortgagee/Assignee of Mortgagee
USSET, WEINGARDEN AND LIEBO, P.L.L.P.
Attorneys for Mortgagee/Assignee of Mortgagee
4500 Park Glen Road #300
Minneapolis, MN 55416
(952) 925-6888
30 - 30-11620
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.
7/13-8/17