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Foreclosure: JPMorgan Chase Bank vs. Olson

Thursday, September 19, 2013 - 6:00pm

Foreclosure Sale

Publish August 16, 23, 30, September 6, 13, 20, 2013

NOTICE OF MORTGAGE

FORECLOSURE SALE

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: March 5, 2010

MORTGAGOR: Bradley E. Olson and Deborah L. Olson, husband and wife.

MORTGAGEE: Mortgage Electronic Registration Systems, Inc.

DATE AND PLACE OF RECORDING: Recorded March 5, 2010 Douglas County Recorder, Document No. A325783.

ASSIGNMENTS OF MORTGAGE: Assigned to: JPMorgan Chase Bank, National Association S/B/M Chase Home Finance, LLC. Dated December 28, 2010 Recorded January 7, 2011, as Document No. 334426. And by Document Dated May 14, 2013 Recorded May 20, 2013, as Document No. 357879.

TRANSACTION AGENT: Mortgage Electronic Registration Systems, Inc.

TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: 1002489-0000004081-7

LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Rescue Mortgage, Inc. DBA Mortgage Depot

RESIDENTIAL MORTGAGE SERVICER: JPMorgan Chase Bank, National Association

MORTGAGED PROPERTY ADDRESS: 15357 County Road 14 Northeast, Miltona, MN 56354

TAX PARCEL I.D. #: 570218000

LEGAL DESCRIPTION OF PROPERTY:

A part of the S 1/2 SE 1/4, Section 23, Township 130, Range 36, DOUGLAS COUNTY, MINNESOTA, being more particularly described as follows:

To find the point of beginning commence at the South Quarter corner of said Section 23;

thence on an assumed bearing of East and along the South line of said S 1/2 SE 1/4 a distance of 1162.84 feet to the point of beginning;

thence form the point of beginning and leaving said South line and bearing North 00 degrees 45 minutes 20 seconds East 50.0 feet to the Intersection with the North right-of-way line of County State Aid Highway No. 14;

thence North 21 degrees 00 minutes 20 seconds East 348.08 feet;

thence North 50 degrees 23 minutes 20 seconds East 221.27 feet;

thence South 64 degrees 03 minutes 35 seconds East 321.90 feet;

thence South 00 degrees 45 minutes 20 seconds West 375.25 feet to the intersection with said South line of the S 1/2 SE ;

thence West and along said South line 580.41 feet to the point of beginning.

Containing 5.29 acres more or less.

COUNTY IN WHICH PROPERTY IS LOCATED: Douglas

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $117,198.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $116,026.65

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: October 11, 2013 at 10:00 AM

PLACE OF SALE:Lobby of Sheriff's Office, Alexandria, 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 April 11, 2014, unless that date falls on a weekend or legal holiday, in which case it is the next weekday, and 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 MORTGAGORS 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: August 8, 2013

JPMorgan Chase Bank,

National Association

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

(952) 925-6888

19 13-005645 FC

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

1766419


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