Option One Mortgage Corporation. vs RieckNOTICE OF MORTGAGE
NOTICE OF MORTGAGE
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 24, 2007
MORTGAGOR:Jason Rieck, single.
MORTGAGEE:Option One Mortgage Corporation.
DATE AND PLACE OF RECORDING: Recorded January 23, 2008 Goodhue County Recorder, Document No. A552557.
ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Bank, N.A., as Trustee for Soundview Home Loan Trust 2007-OPT5, Asset-Backed Certificates, Series 2007-OPT5.
TRANSACTION AGENT: NONE
TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Option One Mortgage Corporation
RESIDENTIAL MORTGAGE SERVICER: Homeward Residential, Inc.
MORTGAGED PROPERTY ADDRESS: 429 East 5th Street, Red Wing, MN 55066
TAX PARCEL I.D. #: 55.325.0331 and 55.325.0390
LEGAL DESCRIPTION OF PROPERTY:
Exhibit A The land referred to herein below is situated in the ocunty of Goodhue, State of Minneosta, and is described as follows:
Parcel 1: The Easterly 50 feet of the Westerly half of lot 12, of Ladd's outlots to Red Wing, Goodhue, County, Minnesota, lying Northerly of the extension of East Sixth Street, except the southerly 60 feet thereof.
Parcel 2: that part of the East half of Lot 12, of Ladd's outlots to Red Wing, according to the recorded plat thereof, on file in the office of the county recorder, Goodhue County, Minnesota, described as follows:
Commencing at the Southeasterly corner of said Lot 12; then South 76 degrees 00'00" West, along the Southerly line of said lot 12; a distance of 175.40 feet to the Southwesterly corner of said East half of lot 12; thence north 07 degrees 25'59" West, along the Westerly line of said East half of Lot 12; a distance of 368.86 feet to the point of beginning of the land to be described; thence North 85 degrees 19'44" East a distance of 32.85 feet; thence North 07 degrees 25'59" West, a distance of 100.11 feet the Southerly right-of-way line of state trunk Highway No. 61; thence Westerly, along said Coutherly right-of-way line, being a non-tangential curve concave to the South, having a radius of 1060.92 feet, a central angle of 01 degree 47'50" and the chord of said curve bears North 87 degrees 54'16" West, a distance of 33.28 feet to the Westerly line of said East half of lot 12; thence South 07 degrees 25'59" East, along said Weserly line, a distance of 104.04 feet to the point of beginning.
COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:$109,650.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:$137,757.79
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: September 5, 2012 at 2:00 PM
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 six (6) 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 March 5, 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: June 13, 2012
Wells Fargo Bank, N.A., as Trustee
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.