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857096 Foreclosure - Sovis

Foreclosure Sale Publish January 30, February 6, 13, 20, 27, March 6, 2009 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.

Foreclosure Sale

Publish January 30, February 6, 13, 20, 27, March 6, 2009

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.

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NOTICE IS HEREBY GIVEN, that default has occurred in conditions of the following described mortgage:

DATE OF MORTGAGE: May 17, 2006

MORTGAGOR: Terese M. Sovis, a single person

MORTGAGEE: Primesource Funding

DATE AND PLACE OF RECORDING: Recorded July 11, 2006, Douglas County Recorder, Document No. A 285030.

ASSIGNMENTS OF MORTGAGE: Assigned to: NovaStar Mortgage, Inc., Dated: May 17, 2006, Recorded: August 24, 2006, Document No. A 286666. And thereafter assigned to: Mortgage Electronic Registration Systems, Inc., Dated: June 1, 2006, Recorded: October 19, 2007, Document No. A 300205. And thereafter assigned to: The Bank of New York Mellon, as Successor Trustee under NovaStar Mortgage Funding Trust, Series 2006-3, Dated: January 8, 2009.

TRANSACTION AGENT: NONE

TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE

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LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Primesource Funding

RESIDENTIAL MORTGAGE SERVICER: Saxon Mortgage Services, Inc.

MORTGAGED PROPERTY ADDRESS: 15016 Walnut Lane Northeast, Miltona, MN 56354

TAX PARCEL I.D. #: 42-0633-000

LEGAL DESCRIPTION OF PROPERTY:

That part of Government Lot 4, Section 27, Township 130 North, Range 37 West, Douglas County, Minnesota, described as follows:

Commencing at the north quarter corner of said Section 27; thence on an assumed bearing of South 89 degrees 55 minutes 50 seconds West along the north line of said Government Lot 4 a distance of 1762.99 feet, to the northwest corner of a plat of Subdivision of Lot 16 of Gilbertson's Miltona Beach, according to the recorded plat thereof; thence South 12 degrees 31 minutes East along the west line of said plat 265.42 feet to the northeast corner of Lot 1, Gilbertson's Miltona Beach, according to the recorded plat thereof; thence reversing North 12 degrees 31 minutes West 115.50 feet to the point of beginning of the land to be described; thence continuing North 12 degrees 31 minutes West 149.92 feet to the said north line of Government Lot 4; thence South 89 degrees 55 minutes 50 seconds West 340 feet more or less to the shoreline of Lake Miltona; thence southerly along said shoreline 151 feet more or less to the intersection of a line bearing West from the point of beginning; thence East along said line 337 feet more or less to the point of beginning. Subject to an existing easement for township road purposes over and across the northeasterly portion thereof.

COUNTY IN WHICH PROPERTY IS LOCATED: Douglas

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ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $227,000.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $232,521.98

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: March 26, 2009 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.

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: January 21, 2009.

The Bank of New York Mellon,

As Successor Trustee

Mortgagee/Assignee of Mortgagee

USSET, WEINGARDEN

AND LIEBO, P.L.L.P.

By: /s/ Paul A. Weingarden

Attorneys for Mortgagee/Assignee of Mortgagee

4500 Park Glen Road #300

Minneapolis, MN 55416

(952) 925-6888

84-476

2000376365

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

857096

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