Foreclosure Sale
Publish July 29, August 5, 12, 19, 26, September 2, 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 the conditions of the following described mortgage:
DATE OF MORTGAGE: September 10, 2002
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $100,800.00
MORTGAGOR(S): Andrew I. Olerud and Marcia J. Olerud, husband and wife
MORTGAGEE: Mortgage Electronic Registration Systems, Inc., a Delaware corporation as nominee for Nexstar Financial Corporation, a Delaware corporation
DATE AND PLACE OF FILING: Filed September 18, 2002, Douglas County Recorder; Document No. 229361
ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Bank, N.A.
LEGAL DESCRIPTION OF PROPERTY:
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The South 52 feet of Lot 11, Block 107, original Townsite of Alexandria
STREET ADDRESS OF PROPERTY:
506 Jefferson St, Alexandria, MN 56308
COUNTY IN WHICH PROPERTY IS LOCATED: Douglas County, Minnesota
THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $102,207.56
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: September 25, 2009 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 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 March 25, 2010.
"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: July 22, 2009
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.
Leah K. Weaver, Esq.
Brian F. Kidwell, Esq.
Attorneys for Mortgagee
25 North Dale Street
St. Paul, MN 55102-2227
(651) 209-9760
(X2218)
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.
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