NOTICE OF MORTGAGE
Minn. Stat. 580.025, 580.04
DATE March 22, 2012
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING MORTGAGE TO BE FORECLOSED
1)Date of Mortgage:May 12, 2010
2)Mortgagors: Donald M. Vietor, a single person)
3)Mortgagees:Lake City Federal Bank
4)Recording Information:Recorded on: May 18, 2010, as Document Number:
A-576029, (or in Book ______ of ______________, Pg. ______), in the Office of the XXX County Recorder or _____ Registrar of Titles of: Goodhue County, Minnesota
5)Assignments of Mortgage, if any:NONE
INFORMATION REGARDING MORTGAGED PREMISES
6)Tax Parcel identification number of the mortgaged premises: 55-625-0410
7)Legal description of the mortgaged premises – GOODHUE COUNTY, MN
Parcel 1 – Part of the NE-1/4 of the SE-1/4 of Section 32, Twp. 113 N, Range 14 W, described as follows:
Beginning at the intersection of the East line of State Highway No. 58 with the North line of said NE-1/4 of the SE-1/4; running thence SWly along the East line of said Highway to a point 20 ft. South from the North line of said NE-1/4 of the SE-1/4 and measured at right angles thereto; thence East to the East line of said Section 32; thence North 20 ft. to the North line of said NE-1/4 of the SE-1/4; thence West to the place of beginning. Except the East 100 ft. thereof.
Parcel 2 – That part of the SE-1/4 of the NE-1/4 of Section 32, Township 113 N, Range 14 W, described as follows, to-wit:
Beginning at a point 255.4 ft. West of the quarter post between Sections 32 and 33, Township and Range aforesaid; running thence West 15 ft., more or less, to the SEly corner of the premises deeded by August Bellman and Augusta Bellman to Dorance Hager on the 31st day of July, 1934, which conveyance was recorded on the 31st day of July, 1934 at 4:45 o’clock p.m. in Book Z-7 of Deeds, Pg. 182; thence in a NWly direction along the Ely line of said premises for a distance of 25 ft.; thence Ely at right angles 15 ft.; thence in a Sly direction to the point of beginning.
Parcel 3 – That part of the SE-1/4 of the NE-1/4 of Section 32, Township 113 N, Range 14 W, described as follows, to-wit:
Beginning at a point 270.4 ft. West of the quarter post between Sections 32 and 33, Township and Range aforesaid; running thence West 260 ft., more or less, to the centerline of Trunk Highway No. 58 as the same is now located and established across said SE-1/4 of the NE-1/4; thence North along the center of said Highway, 55 ft.; thence East 241.5 ft. to the Ely line of the property conveyed to Dorance Hager by deed recorded in Book Z-7 of Deeds, Pg. 182; thence Sly in a straight line to the place of beginning.
Check here if all or part of the described real property is Registered (Torrens) – NA
8)The physical street address, city and zip code of the mortgaged premises:731 – 21st St., Red Wing, MN 55066
OTHER FORECLOSURE DATA
9)The person holding the Mortgage:
XXX is not a transaction agent, as defined by Minn. Stat. 58.02, Subd. 30.
The name(s) of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is/are: Lake City Federal Bank, Lake City, MN
10)If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is:Lake City Federal Bank, Lake City, MN
INFORMATION REGARDING FORECLOSURE
11)The requisites of Minn. Stat. 580.02 have been satisfied.
12)The original principal amount secured by the Mortgage was: $50,000.00
13)At the date of this Notice, the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is:$45,403.62
14)Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Goodhue County, Minnesota, at public auction on:
May 16, 2012, at 2:00 p.m., at the – Goodhue County Sheriff’s Office – 430 W. 6th St. – Red Wing,
15)The time allowed by law for redemption by Mortgagor or Mortgagor’s personal representatives or assigns is: Six (6) Monthsafter the date of sale.
16)Minn. Stat. 580.04(b) provides: “If the real estate is an owner-occupied, single-family dwelling, the Notice must also specify the date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Section 580.30 or the property redeemed under Section 580.23.” If this statute applies, the time to vacate the property is 11:59 p.m. on: November 16, 2012.
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: March 22, 2012
Name & Address of Attorney for
Mortgagee or Mortgage Assignee:
Philip A. Gartner #33637
Gartner Law Office, Ltd.
120 W. Center St./POBOX 149
Lake City, MN 55041
Name of Mortgagee or Mortgage Assignee:
Lake City Federal Bank3/28-5/2