ADVERTISEMENT

ADVERTISEMENT

947816 Foreclosure - Olerud

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.

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.

ADVERTISEMENT

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:

ADVERTISEMENT

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.

ADVERTISEMENT

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.

947816

What To Read Next
Alexzander Michael Swain was taken to Alomere Health with non-life-threatening injuries.
Minnesotans can see all the finalist names and vote now at mndot.gov/nameasnowplow.
Alexandria School Board member Maureen Eigen told Laura Knudsen, another school board member, that her approach was not helpful.
In a deal finalized Jan. 18, Arvig will assume ownership and management of the network, which includes 77 route miles of fiber throughout the city and another 13 miles of conduit.