NOTICE IS HEREBY GIVEN that
default has occurred in the conditions of the following described mortgage:
DATE OF MORTGAGE: July 11, 2006
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $218,000.00
MORTGAGOR(S): George G. Schadewald and Judith A. Schadewald Husband and Wife
MORTGAGEE: Postal Credit Union
DATE AND PLACE OF RECORDING:
Recorded: July 20, 2006 Goodhue County Recorder
Document Number: A535068
Transaction Agent: Not Applicable
Transaction Agent Mortgage Identification Number: Not Applicable
Lender or Broker: Postal Credit Union
Residential Mortgage Servicer: Ideal Credit Union fka Postal Credit Union
Mortgage Originator: Not Applicable
COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue
Property Address: 6918 Eldorado Ct, Cannon Falls, MN 55009-5254
Tax Parcel ID Number: 37.100.0060
LEGAL DESCRIPTION OF PROPERTY: All that part of Lot 6, in Block 1 of El Dorado lying Northerly of the following line: Beginning at a point which is 20 feet North of the Southwest corner of said Lot 1, Block 1 of El Dorado, running thence Southeasterly to the Southeast corner of said Block 1 of El Dorado and there terminating, according to the U.S. Government Survey thereof, Goodhue County, Minnesota
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $185,266.82
THAT all pre-foreclosure requirements have been complied with; 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:
December 12, 2018 at 10:00 AM
PLACE OF SALE: Main Lobby, Law Enforcement Center, 430 W. Sixth Street, Red Wing, Minnesota
to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, including attorney 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.
If the Mortgage is not reinstated under Minn. Stat. §580.30 or the property is not redeemed under Minn. Stat. §580.23, the Mortgagor must vacate the property on or before 11:59 p.m. on June 12, 2019, or the next business day if June 12, 2019 falls on a Saturday, Sunday or legal holiday.
Mortgagor(s) released from financial obligation: NONE
THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
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.
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: October 24, 2018
MORTGAGEE: Ideal Credit Union, fka St. Paul Postal Employees Credit Union, dba Postal Credit Union
Wilford, Geske & Cook P.A.
Attorneys for Mortgagee
7616 Currell Blvd; Ste 200
Woodbury, MN 55125-2296
File Number: 040817F01
10/24/18 - 11/28/18