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NOTICE OF MORTGAGE FORECLOSURE SALE

Friday, July 3, 2009 - 2:02pm

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 6, 2006

MORTGAGOR: Kelly J. Peterson, a single person.

MORTGAGEE: Merchants Bank, N.A. as successor by merger to The First National Bank of Cannon Falls

DATE AND PLACE OF RECORDING: Recorded July 7, 2006, Goodhue County Recorder, Document No. A 534604.

ASSIGNMENTS OF MORTGAGE:NONE . .

TRANSACTION AGENT: NONE

TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE

LENDER OR BROKER AMD MORTGAGE ORIGINATOR STATED ON MORTGAGE: Merchants Bank, N.A. as successor by merger to The First National Bank of Cannon Falls

RESIDENTIAL MORTGAGE SERVICER: Merchants Bank, N.A.

MORTGAGED PROPERTY ADDRESS: 700 East Minnesota Street, Cannon Falls, MN 55009 ,

TAX PARCEL I.D. #: 52-140-1110

LEGAL DESCRIPTION OF PROPERTY:

Lot 6 and the West 1/2 of Lot 7, in Block 71, of the Cannon

Falls City Addition to the City of Cannon Falls, per the recorded plat thereof.

COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $161,100.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $168,630.40

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: September 30, 2009 at 3:00 PM

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.

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 24, 2009.

Merchants Bank, N.A. Mortgagee/Assignee of Mortgagee

USSET, WEINGARDEN AND LIEBO, P.L.L.P.

By:

Paul A. Weingarden

Attorneys for Mortgagee/Assignee of Mortgagee 4500 Park Glen Road #300 Minneapolis, MN 55416 (952) 925-6888

94-262

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

(July 3, 10, 17, 24, 31, Aug. 7)