Signal Bank National Association vs Born

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 the conditions of the following described mortgage:

DATE OF MORTGAGE: 01/29/2002

MORTGAGOR(S): Mark D. Born and Vivian Born, husband and wife.

MORTGAGEE: Signal Bank National Association

SERVICER: Bank of America, N.A.

MORTGAGE ID #: NA

DATE AND PLACE OF RECORDING: Recorded January 30, 2002,Goodhue County Recorder, Document No. 463200.

ASSIGNMENTS OF MORTGAGE: Assigned to: Countrywide Home Loans Inc. Dated: December 18, 2002,Recorded January 02, 2003,Goodhue County Recorder, Document No. 478276. Bank of America, National Association as successor by merger to BAC Home Loans Servicing, LP fka Countrywide Home Loans Servicing, LP Dated: September 30, 2011

LEGAL DESCRIPTION OF PROPERTY: That part of the West Half of the Southeast Quarter of Section 18, Township 113, Range 15, Goodhue County, Minnesota, which lies Northeasterly of the Northeasterly line of the property described in that certain deed recorded in Book T-6 of Deeds, page 175, on file in the office of the Goodhue County Recorder, described as follows:

Beginning at a point 18 chains North of the quarter post between Sections 18 and 19 in Township 113, Range 15 West, at center of Old County Road; thence along center of said road to South line of said Section 18 as follows: South 38 degrees 45 minutes East 3 chains; thence South 35 degrees 15 minutes East 18.55 chains; thence South 50 degrees East 83 links to line between Sections 18 and 19 and which point is 13.18 chains East of the quarter post above mentioned; thence run East on section line 93 feet, more or less, to center of New Permanent Established Highway; thence North 19 degrees west along center line of said Highway 266 feet; thence North 33 degrees 30 minutes West along said New Established Highway 543 feet; thence North 58 degrees 17 minutes west along center line of said Highway 402 feet to center of Reinforced Concrete Culvert; thence to place of beginning.

AND which also lies Southerly of the following described line:

Commencing at the Southwest corner of the Southeast Quarter of said Section 18; thence on an assumed bearing of North, along the West line of said Southeast Quarter of Section 18, a distance of 2030 feet to the point of beginning of the line to be described; thence on a bearing of East, a distance of 1320 feet, more or less, to the East line of said Northwest Quarter of the Southeast Quarter of Section 18 and there terminating.

EXCEPT that part lying Northwesterly of the following described lines:

Commencing at the Southwest corner of the Southeast Quarter of said Section 18; thence on an assumed bearing of North, along the West line of said Southeast Quarter of Section 18; a distance of 1035.52 feet; thence on a bearing of East, a distance of 411.68 feet to a placed iron pipe on the Northeasterly right of way line of State Highway Number 61, as now located and established; thence South 41 degrees 50 minutes 41 seconds West, a distance of 201 feet, more or less, to the Southwesterly line of the above-described property being the point of beginning of the line to be described; thence North 41 degrees 50 minutes 41 seconds East, a distance of 1536 feet, more or less, to the Northeast corner of said above described property and there terminating.

ALSO EXCEPT the following described part conveyed to John Olson by deed recorded in Book "Y-3" of Deeds, page 25, on file in the office of the Goodhue County Recorder; beginning at the Southwest corner of the Southeast quarter (SE ¼) of the Southeast quarter (SE ¼) of said Section 18; running thence North 16 rods; thence West 12 rods; thence South 16 rods; thence East 12 rods to place of beginning.

REGISTERED PROPERTY: No

TAX PARCEL NO.: 55-718-0121

ADDRESS OF PROPERTY:

6221 Hwy 61 Blvd.

Welch, MN 55089

COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $150,000.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $203,259.79

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: Wednesday, February 29, 2012, 11:00 a.m.

PLACE OF SALE: Main Lobby of Law Enforcement Center, City of Red Wing

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 1 year from the date of said sale by the mortgagor(s), their personal representatives or assigns.

DATE TO VACATE PROPERTY: The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Minnesota Statutes section 580.30 or the property redeemed under Minnesota Statutes section 580.23 is 02/28/2013 at 11:59 p.m. If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is the next business day at 11:59 p.m.

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: January 05, 2012

Bank of America, National Association as successor by merger to BAC Home Loans Servicing, LP fka Countrywide Home Loans Servicing, LP

Assignee of Mortgagee

Peterson, Fram & Bergman, P.A.

By: Steven H. Bruns

Attorneys for:

Bank of America, National Association as successor by merger to BAC Home Loans Servicing, LP fka Countrywide Home Loans Servicing, LP

Assignee of Mortgagee

55 E. 5th St., Suite 800

St. Paul, MN 55101

(651) 209-7599

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

16751-110333

1/11-2/15

Tags: public notices, foreclosures