Time Home Loans. vs KortnessNOTICE OF MORTGAGE FORECLOSURE SALE
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:July 2, 2003
MORTGAGORS:Terry L. Kortness and Gwendolyn A. Kortness, husband and wife.
MORTGAGEE:Time Home Loans.
DATE AND PLACE OF RECORDING:Recorded July 10, 2003, Goodhue County Recorder, Document No. 488852.
ASSIGNMENTS OF MORTGAGE: Assigned to: PNC Bank, National Association, s/b/m to National City Bank, s/b/m to National City Mortgage Co., f/k/a NCMC NewCo., Inc., s/i/i to National City Mortgage Co.
TRANSACTION AGENT: NONE
TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Time Home Loans
RESIDENTIAL MORTGAGE SERVICER: PNC Bank, National Association
MORTGAGED PROPERTY ADDRESS: 416 1ST Street Southwest, Cannon Falls, MN 55009
TAX PARCEL I.D. #: 523200071
LEGAL DESCRIPTION OF PROPERTY:
Lot 8 and the South Half (Sl/2) of Lot 9 in Block 1 of Ellsworth and Tanner's Addition to the City of Cannon Falls, Minnesota.
Except for the following described parcel:
That part of the South Half of lot 9, Block 1, Ellsworth and Tanner's Addition to the City of Cannon Falls, described as follows: Beginning at the northeast corner of said South Half of Lot 9; thence West along the north line thereof 142 feet, more or less, to the northwest corner of said South Half of Lot 9; thence South along the west line of said Lot 9 a distance of 20.00 feet; thence northeasterly to the point of beginning.
COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:$127,000.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:$66,102.89
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: February 8, 2012 at 10:00 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 twelve (12) 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 8, 2013 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: December 9, 2011.
PNC Bank, National Association
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
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.