NOTICE OF MORTGAGE
THE RIGHT OF 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:
MORTGAGOR: Martin P. Klockmann and Heidi L. Klockmann, husband and wife.
MORTGAGEE: Mortgage Electronic Registration Systems, Inc. as Cherry Creek Mortgage Co., Inc.
McLeod County Recorder Document No. A345946
Assigned To: Bank of America, N.A
McLeod County Recorder Document No. A401717
Transaction Agent: Mortgage Electronic Registration Systems, Inc.
Transaction Agent Mortgage ID No: 100030200311002297
Lender or Broker: Cherry Creek Mortgage Co., Inc.
Servicer: Bank of America, N.A.
Mortgage Originator : Cherry Creek Mortgage Co., Inc.
LEGAL DESCRIPTION OF PROPERTY: Lot Two (2) in Block One (1) Martins Subdivision County of McLeod, State of Minnesota.
This is Abstract Property
TAX PARCEL NO: 13.056.0020
ADDRESS OF PROPERTY: 7397 MAJOR AVENUE, BROWNTON, MN 55312
COUNTY IN WHICH PROPERTY IS LOCATED: McLeod
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $320,000.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $296,089.10
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: August 14, 2014, 10:00 AM
PLACE OF SALE: Sheriff’s Office, South Entrance, Courthouse, City of Glencoe
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.
DATE TO VACATE PROPERTY: The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Minnesota Statutes section 580.30 or the property redeemed under Minnesota Statutes section 580.23 is February 14, 2015 at 11:59 p.m. If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is the next business day at 11:59 p.m.
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 24, 2014
Bank of America, N.A.,
Assignee of Mortgagee
Peterson, Fram & Bergman, P.A.
By: Michael T. Oberle, Ben I. Rust, Jonathan R. Cuskey, Michael V. Schleisman, Tracy J. Halliday
Bank of America, N.A., Assignee of Mortgagee
55 E. Fifth St., Suite 800
St. Paul, MN 55101-1718
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.
(Published in The McLeod County Chronicle/Glencoe Enterprise June 25, July 2, 9, 16, 23 and 30, 2014)