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1175423 Foreclosure - Kappy Investments

Foreclosure Sale Publish November 10, 17, 24, December 1, 8, 15, 2010 NOTICE OF MORTGAGE FORECLOSURE SALE NOTICE IS HEREBY GIVEN That default has occurred in conditions of the following described mortgage. DATE OF MORTGAGE: September 2, 2003 ORIG...

Foreclosure Sale

Publish November 10, 17, 24, December 1, 8, 15, 2010

NOTICE OF MORTGAGE

FORECLOSURE SALE

NOTICE IS HEREBY GIVEN That default has occurred in conditions of the following described mortgage.

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DATE OF MORTGAGE: September 2, 2003

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $700,000.00

MORTGAGOR: Kappy Investments, Inc. fka Kappy Developers, LLC;

MORTGAGEE: First State Bank of Alexandria

DATE AND PLACE OF RECORDING: September 2, 2003, Douglas County Recorder, Document No. 246367

ASSIGNMENTS OF MORTGAGE: Assigned to: none

LEGAL DESCRIPTION:

Lots One (1) through Nine (9), Block One (1) Kamp Kappy, Common Interest Community No. 174, Douglas County, Minnesota;

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Lots One (1) through Three (3), Lots Nine (9) through Fourteen (14), Lot Sixteen (16), Lots Nineteen (19) through Twenty-three (23) and Lots Twenty-five (25) through Twenty-nine (29), all in Block Two (2), Kamp Kappy, Common Interest Community No. 174, Douglas County, Minnesota.

COUNTY IN WHICH PROPERTY IS LOCATED: Douglas

Property Address: Devils Lake Rd Nw, Brandon MN 56315

Tax Parcel ID Nos.: 09-0163-000;09-0163-005; 09-0163-010; 09-0163-015; 09-0163-020; 09-0163-025; 09-0163-030; 09-0163-035; 09-0163-040; 09-0163-050; 09-0163-055; 09-0163-060; 09-0163-090; 09-0163-095; 09-0163-100; 09-0153-105; 09-0163-110; 09-0163-115; 09-0163-125; 09-0163-140; 09-0163-145; 09-0163-150; 09-0163-155; 09-0163-160; 09-0163-170; 09-0163-175; 09-0163-180; 09-0163-185; and 09-0163-190.

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $283,097.83

That all preforeclosure requirements have been complied with; 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: December 30, 2010 at 10:00 a.m.

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PLACE OF SALE: Douglas County Sheriff's office, 216 Seventh Avenue West, Alexandria, Minnesota, to pay the debt 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.

MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE: None

THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.

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.

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: November 3, 2010

PEMBERTON, SORLIE, RUFER & KERSHNER, P.L.L.P.

By: /s/ Nicholas J. Heydt

Nicholas J. Heydt, #0327864

Attorney for First State Bank of

Alexandria, Mortgagee

123 3rd Avenue East, Suite 600

Alexandria, MN 56308

Telephone: 320-759-3143

Loan No. 31642

Notice of Mortgage Foreclosure Sale Foreclosure Data

Transaction Agent; residential mortgage servicer; and lender or broker: Corey Simonson

Transaction Agent's mortgage ID number (MERS number): NA

Name of mortgage originator: First State Bank of Alexandria

1175423

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