Mortgage Electronic Registration Systems, Inc vs Banitt

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: 01/25/2008

MORTGAGOR(S): Scott E. Banitt and Rebecca A. Banitt, husband and wife.

MORTGAGEE: Mortgage Electronic Registration Systems, Inc. as nominee for Residential Mortgage Group, a division of InterBank, fsb

SERVICER: CitiMortgage

MORTGAGE ID #: 100139104915517512

DATE AND PLACE OF RECORDING: Recorded February 01, 2008,Goodhue County Recorder, Document No. A552756.

ASSIGNMENTS OF MORTGAGE: Assigned to: CitiMortgage, Inc. Dated: November 4, 2011

LEGAL DESCRIPTION OF PROPERTY: That part of the Southwest Quarter of the Southwest Quarter of Section 6, Township 111, range 16, Goodhue County, Minnesota described as follows: Commencing at the Southwest Corner of said Southwest Quarter of the Southwest Quarter; thence North 0 degrees 12 minutes 44 seconds West (HARN adjustment of the 1983 Goodhue County coordinate system) along the West line of said Southwest Quarter of the Southwest Quarter 110.00 feet to the point of beginning of the land to be described; thence Continuing North 0 degrees 12 minutes 44 seconds West along said West line 123.13 feet; thence North 53 degrees 50 minutes 57 seconds East 154.39 feet; thence North 0 degrees 12 minutes 44 seconds West 409.70 feet; thence South 89 degrees 28 minutes 20 seconds East 700.23 feet to the East line of said Southwest Quarter of the Southwest Quarter thence South 0 degrees 06 minutes 37 seconds East along said East line 575.04 feet to the North line of the South 160.00 feet of said Southwest Quarter of the Southwest Quarter; thence North 89 degrees 28 minutes 20 seconds West along said North line 755.91 feet; thence South 54 degrees 03 minutes 36 seconds West 84.14 feet to the point of beginning. Abstract property - Goodhue County

REGISTERED PROPERTY: No

TAX PARCEL NO.: 25.006.1301

ADDRESS OF PROPERTY:

11995 350th Street Way

Cannon Falls, MN 55009

COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $371,000.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $373,293.61

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, March 21, 2012, 10:00 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 6 months 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 09/21/2012 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 23, 2012

CitiMortgage, Inc.

Assignee of Mortgagee

Peterson, Fram & Bergman, P.A.

By: Steven H. Bruns

Attorneys for:

CitiMortgage, Inc.

Assignee of Mortgagee

55 E. 5th St., Suite 800

St. Paul, MN 55101

(651) 209-7599

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

12890-110532

2/1-3/7

Tags: public notices, foreclosures