Publish November 14, 21, 28, December 5, 12, 19, 2007
NOTICE OF MORTGAGE
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: June 23, 2005
MORTGAGORS: Kenneth A. Olsen and Vicky Lynn Olsen, husband and wife.
MORTGAGEE: Option One Mortgage Corporation.
DATE AND PLACE OF RECORDING: Recorded June 30, 2005, Douglas County Recorder, Document No. 272169.
ASSIGNMENTS OF MORTGAGE: NONE
LEGAL DESCRIPTION OF PROPERTY:
Government Lot 3 and the S 1/2 NE 1/4 all in Section 20, Township 127 North, Range 39 West,
Excepting therefrom; that part of the South half of the Northeast Quarter and that part of Government Lot 3, all in Section 20, Township 127 North, Range 39 West, Douglas County, Minnesota, Described as follows:
Commencing at the Northeast corner of said Section 20; thence South 00 degrees 07 minutes 03 seconds West, record bearing, along the East line of said Section 20 a distance of 1328.81 feet to the Northeast corner of said South half of the Northeast Quarter and this being the point of beginning of the land to be described; thence South 00 degrees 07 minutes 03 seconds West, continuing along said East line of Section 20, a distance of 1328.81 feet to the Southeast corner of said south half of the Northeast Quarter; thence North 89 degrees 43 minutes 16 seconds West 140.84 feet; thence North 40 degrees 50 minutes 23 seconds West, along the South line of said South Half of the Northeast Quarter 2483.19 feet to Point "A"; Thence North 58 degrees 20 minutes 45 seconds West 140.84 feet; thence North 40 degrees 50 minutes 58 seconds West 55.64 feet; thence North 67 degrees 24 minutes 42 seconds West 54.43 feet; thence North 00 degrees 15 minutes 02 seconds East 1076.93 feet to the North line of said Government Lot 3; thence South 89 degrees 51 minutes 60 seconds East, along the North line of said South Half of the Northeast Quarter 2651.55 feet to the point of beginning.
Together with a 36.00 foot Access easement over, under and across that part of said South Half of the Northeast Quarter and said Government Lot 3, which the Northeasterly line of said Easement is described as follows: Beginning at aforesaid Point "A"; thence North 58 degrees 20 minutes 45 seconds West 140.84 feet; thence North 40 degrees 50 minutes 23 seconds West 159.38 feet; thence North 55 degrees 44 minutes 56 seconds West 55.64 feet; thence North 67 degrees 24 minutes 42 seconds West 54.43 feet and said Northeasterly line there terminating. The southwesterly line of said easement shall be prolonged or shortened to terminate on aforesaid South line of the South Half of the Northeast Quarter and on a line bearing South 00 degrees 15 minutes 02 seconds West from the terminus of said described northeasterly line. Douglas County, Minnesota
COUNTY IN WHICH PROPERTY IS LOCATED: Douglas
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $260,000.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $267,876.99
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: January 11, 2008 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 twelve (12) 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
"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 MORTAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED."
Dated: November 8, 2007
Option One Mortgage Corporation
Mortgagee/Assignee of Mortgagee
AND LIEBO, P.L.L.P.
Attorneys for Mortgagee/Assignee of Mortgagee
4500 Park Glen Road #120
Minneapolis, MN 55416
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR