Mayo Employees Credit Union vs Overton

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:August 18, 2003

MORTGAGORS:Steven E. Overton and Darla R. Overton, husband and wife.

MORTGAGEE:Mayo Employees Credit Union.

DATE AND PLACE OF RECORDING:Recorded August 25, 2003, Goodhue County Recorder, Document No. A491624.

ASSIGNMENTS OF MORTGAGE: NONE

TRANSACTION AGENT: NONE

TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE

LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Mayo Employees Credit Union

RESIDENTIAL MORTGAGE SERVICER: Dovenmuehle Mortgage, Inc.

MORTGAGED PROPERTY ADDRESS: 165 East 3RD Street, Zumbrota, MN 55992

TAX PARCEL I.D. #: 721003020 and 725000040

LEGAL DESCRIPTION OF PROPERTY:

The East 60 feet of Lots 7 and 8 in Block 69 of the original plat of the City of Zumbrota, Goodhue County, Minnesota.

Also, the North 120 feet of Block 1 of Railroad Addition to the City of Zumbrota, Goodhue County, Minnesota.

Except a premises described as follows: Commencing at a point 54 feet East of the NE corner of Block 69, Original Plat, City of Zumbrota, running thence South 120 feet; thence East to the East line of Block 1 of Railroad Addition to the City of Zumbrota; thence North 120 feet along said line to the NE corner of said Block 1, thence West along the North line of said Block 1 to the place of beginning.

COUNTY IN WHICH PROPERTY IS LOCATED:Goodhue

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:$135,200.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:$128,657.39

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: January 18, 2012 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 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 July 18, 2012, 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: November 21, 2011.

Mayo Employees Federal Credit Union

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

90-2390

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

12/7-1/11

Tags: public notices, foreclosures