Lake City Federal Bank vs GeislerNOTICE OF MORTGAGE
NOTICE OF MORTGAGE
Form 60.2.1 (2009)
Minn. Stat. 580.025, 580.04
DATE: March 31, 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: December 27, 2007
2)Mortgagors: Roger J. Geisler and Dorene O. Geisler, husband and wife
3)Mortgagees:Lake City Federal Bank
4)Recording Information: Recorded on: January 3, 2008, as Document Number: A-552040, (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: 32.023.0400
7)Legal description of the mortgaged premises – GOODHUE COUNTY, MN
THE SE-1/4 OF THE SE-1/4 OF SECTION 23, TOWNSHIP 112 N, RANGE 13 W
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:31990 TERRITORIAL RD., LAKE CITY, MN 55041
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: $86,293.31
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:$83,815.40
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:
June 6, 2012, at 10:00 a.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: December 6, 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 31, 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 Bank