1388530 Foreclosure - Cowan

Foreclosure Sale

Publish January 25, February 1, 8, 15, 22, 29, 2012

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 the conditions of the following described mortgage:

DATE OF MORTGAGE: September 2, 2005

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $205,000.00

MORTGAGOR(S): Richard W Cowan, a single person

MORTGAGEE: Mortgage Electronic Registration Systems, Inc., a Delaware corporation, as nominee for American Mortgage Network, Inc., a Delaware corporation

DATE AND PLACE OF FILING: Filed September 9, 2005, Douglas County Recorder; Document No. 274930

ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Bank, N.A.

LEGAL DESCRIPTION OF PROPERTY:

That part of Lot Two (2) Block One (1), Reed’s Subdivision, Douglas County, Minnesota, according to the recorded plat on file and of record in the office of the County Recorder, Douglas County Minnesota, lying Southerly of the following described line:

Commencing at the southeasterly most corner of said Lot 2;

Thence North 22° 15’ East, record bearing, along the easterly most line of said Lot, 108.95 feet to the point of beginning of the line to be described;

Thence North 76° 03’ 13” West 111.69 feet;

Thence North 80° 26’ 05” West 149 feet more or less to the shoreline of Lake Irene and there terminating.

STREET ADDRESS OF PROPERTY:

15544 County Road 64 NE, Miltona, MN 56354

COUNTY IN WHICH PROPERTY IS LOCATED: Douglas County, Minnesota

THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $189,187.17

THAT no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or applicable statutes;

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: March 16, 2012 at 10:00 a.m.

PLACE OF SALE: Douglas County Sheriff’s office, 509 Third Avenue West, Alexandria, Minnesota

to pay the debt then secured by said mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law. The time allowed by law for redemption by said mortgagor(s), their personal representatives or assigns is six (6) months from the date of sale.

Unless said mortgage is reinstated or the property redeemed, or unless the time for redemption is reduced by judicial order, you must vacate the premises by 11:59 p.m. on September 17, 2012.

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: January 19, 2012

WELLS FARGO BANK, N.A.

Mortgagee

REITER & SCHILLER, P.A.

By: /s/

Rebecca F. Schiller, Esq.

Sarah J.B. Adam, Esq.

N. Kibongni Fondungallah, Esq.

James J. Pauly, Esq.

Brian F. Kidwell, Esq.

Steven R. Pennock, Esq.

Attorneys for Mortgagee

25 North Dale Street

St. Paul, MN 55102-2227

(651) 209-9760

(E6509)

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

NOTICE OF MORTGAGE

FORECLOSURE SALE

FORECLOSURE DATA

Minn. Stat. § 580.025

1) Street Address, City and Zip Code of Mortgaged Premises: 15544 County Road 64 NE, Miltona, MN 56354

2) Transaction Agent: Mortgage Electronic Registration Systems, Inc., a Delaware corporation, as nominee for American Mortgage Network, Inc., a Delaware corporation

3) Name of Mortgage Originator (Lender): Mortgage Electronic Registration Systems, Inc., a Delaware corporation, as nominee for American Mortgage Network, Inc., a Delaware corporation

4) Residential Servicer: Wells Fargo (800) 416-1472

5) Tax Parcel Identification Number: 40-0524-000

6) Transaction Agent’s Mortgage ID Number (MERS number): 100131020508857214

1388530

Tags: legals