Monday, September 24, 2018

FORECLOSURE

NOTICE OF MORTGAGE 

FORECLOSURE SALE

 

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTIFICATION OF THE ORIGINAL CREDITOR WITHIN THE TIME PERIOD PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.

 

NOTICE IS HEREBY GIVEN:  That default has occurred in the conditions of the mortgage dated October 27, 2011, executed by Garrett P. Crosby and Darla Crosby, husband and wife, as mortgagors, to TCF National Bank, a national banking association, as mortgagee, recorded in the office of the County Recorder of Steele County, Minnesota, on January 10, 2012, as Document No. A000382304, which mortgage conveyed and mortgaged the following described property, situated in the County of Steele and State of Minnesota, which property has a street address of 405 2nd Avenue Southeast, Medford, Minnesota 55049, and tax identification number 161013601:

 

Lots 1 and 2, except the West 100 feet, and Lots 7 and 8, except the East 75 feet, in Block 36, in Johnson and Company’s Addition to the Village of Medford, Steele County, Minnesota 

 

That the original principal amount secured by said mortgage was $104,800.00; that there has been compliance with any condition precedent to acceleration of the debt secured by said mortgage and foreclosure of said mortgage required by said mortgage, any note secured thereby, or any statute; that no action or proceeding to recover the debt remaining secured by said mortgage is pending, or any part thereof; that there is claimed to be due upon said mortgage and is due thereon at the date of this notice, the sum of $99,587.15 in principal and interest.

 

That as a result of the aforesaid default, and by virtue of the power of sale contained in said mortgage, the said mortgage will be foreclosed by the sale of the above described premises with appurtenances, which said sale will be made by the Sheriff of Steele County, Minnesota, at the Sheriff’s office in the Law Enforcement Center, 204 East Pearl Street, Owatonna, Minnesota, on April 6, 2018, at 10:00 o’clock a.m., at public auction to the highest bidder, to pay the amount then due on said mortgage, together with the costs of foreclosure, including attorneys’ fees as allowed by law, in accordance with the provisions of said mortgage.  The time allowed by law for redemption by the mortgagors, their personal representatives or assigns, is six (6) months from the date of said sale.  

 

MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE:  Darla Crosby.

 

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.   

 

If the mortgage is not reinstated under Minn. Stat. §580.30 or redeemed under Minn. Stat. §580.23, the mortgagor must vacate the mortgaged property by 11:59 p.m. on October 8, 2018, unless the foreclosure is postponed pursuant to Minn. Stat. §580.07, or the redemption period is reduced to five (5) weeks under Minn. Stat. §582.032.

 

THIS IS AN ATTEMPT TO COLLECT A DEBT BY A DEBT COLLECTOR.  ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.

 

TCF National Bank

 

DATED:  February 13, 2018 FOLEY & MANSFIELD, P.L.L.P.

By:   Karl K. Heinzerling

Atty. No. 142475

Attorneys for Mortgagee

250 Marquette Avenue, Suite 1200

Minneapolis, Minnesota  55401

 

2/13, 2/20, 2/27

 3/6, 3/13, 3/20

See full story in this week’s print edition or subscribe online. Please subscribe here or current subscribers can login here.

Steele County Times & DCI

Steele County Times
507-583-4431
411 E. Main St.
P.O. Box 247
Blooming Prairie, MN 55917

Dodge County Independent
507-634-7503
121 West Main St.
Kasson, MN 55944

Dodge County Printing
507-634-2661
121 West Main St.
Kasson, MN 55944

 

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