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The Official Newspaper of Douglas County!

Published May 09, 2012, 12:00 AM

1442115 Foreclosure - Tischer

Foreclosure Sale

Publish April 18, 25, May 2, 9, 16, 23, 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: Mortgage dated February 8, 2002, as modified by that certain Note and Mortgage Modification/Extension Agreement dated October 1, 2002.

MORTGAGOR: Walter D. Tischer and Roxanne L. Tischer, husband and wife

MORTGAGEE: Bremer Bank, National Association, a national association organized under the laws of the United States of America

DATE AND PLACE OF RECORDING: Mortgage recorded on February 13, 2002, as Document No. 221070, as modified by that certain Note and Mortgage Modification/Extension Agreement recorded on October 30, 2002, as Document No. 231460, all within the Office of the County Recorder, Douglas County, Minnesota.

MORTGAGED PROPERTY ADDRESS: 10 Sugarbush Lane, Alexandria, Minnesota 56308

TAX PARCEL I.D. NO. 63-2715-100

LEGAL DESCRIPTION OF PROPERTY: Lot 7, Block 1, Geneva Beach Estates, Douglas County, Minnesota.

COUNTY IN WHICH PROPERTY IS LOCATED: Douglas

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $650,000.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $605,379.14

INTEREST RATE AND PER DIEM: Current interest rate is 4.00%, with a daily per diem of $58.81.

That prior to commencement of this mortgage foreclosure proceeding Mortgagee complied with all notice requirements 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: May 31, 2012, at 10:00 a.m.

PLACE OF SALE: Douglas County Sheriff’s Office, 216 Seventh Avenue West, Alexandria, Minnesota 56308, to pay the debt then secured by said Mortgage, 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 AND TIME MORTGAGOR MUST VACATE THE PREMISES: November 30, 2012, at 11:59 p.m.

“THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR’S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE (5) 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: April 12, 2012

MESSERLI & KRAMER, P.A.

By: /s/ Creig Andreasen

Creig Andreasen (Lic. #334832)

1400 Fifth Street Towers

100 South Fifth Street

Minneapolis, MN 55402-1217

(612) 672-3600

Attorney in Fact for

Bremer Bank, National Association

IMPORTANT NOTICE

This communication is from a debt collector and is an attempt to collect a debt. Any information will be used for that purpose.

1442115

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