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.
NOTICE IS HEREBY GIVEN, that default has occurred in the conditions of that certain Mortgage dated July 26, 2005, and executed by Jesse Thao Real Estate, LLC, a Minnesota limited liability company, as MORTGAGOR(S), to Western Bank, a Minnesota corporation, as MORTGAGEE, filed for record in the office of the County Recorder in and for the County of Washington and the State of Minnesota, on August 4, 2005, and recorded as Document Number 3530381; the original principal amount secured by said Mortgage being Seven Hundred Fifty-five Thousand Dollars ($755,000.00); that no Mortgagors have been released from financial obligation on said Mortgage; that no action or proceeding has been instituted at law to recover the debt secured by said Mortgage, or any part thereof; and that prior to the commencement of this mortgage foreclosure, the holder of said Mortgage has complied with all conditions precedent to foreclosure and/or acceleration of the indebtedness of the Mortgage and all notice requirements of the Statutes and/or the Mortgage, that there is due and claimed due upon said Mortgage, including interest to the date hereof, and taxes, if any, paid by Mortgagee, the sum of Seven Hundred Twenty-five Thousand One Hundred Twenty and 23/100 Dollars ($725,120.23); that all conditions precedent to foreclosure of the Mortgage and acceleration of the debt secured thereby have been fulfilled; and that pursuant to the power of sale therein contained, said Mortgage will be foreclosed and the tract of land lying in and being in the County of Washington, State of Minnesota, legally described as follows, to-wit:
All that part of the North 1/2 of the Northwest 1/4 of Section 29, Township 31, Range 21, Washington County, Minnesota, described as follows:
Commencing at the intersection of the North line of said Section 29 with the Easterly line of State Trunk Highway No. 61, as now widened to 111.0 feet, said point of intersection being 1103.76 feet East from the Northwest comer of said Section 29; thence due East along the North line of said Section 29 a distance of 285.0 feet; thence South at a right angle to said North line a distance of 278.89 feet; thence West and parallel with said North line a distance of 343.71 feet to its intersection with the Easterly line of State Trunk Highway No. 61; thence North 11°53'19" East along said Easterly line a distance of 285.0 feet to the point of commencement.
EXCEPT the following described tract: Commencing at the intersection of the North line of said Section 29 with the Easterly line of State Trunk Highway No. 61, as now widened to 111.0 feet, said point of intersection being 1103.76 feet East from the Northwest corner of said Section 29; thence South 11°53'19" West along said Easterly line a distance of 33.72 feet to the actual point of beginning of the tract to be hereby described; thence continuing South 11°53'19" West along said Easterly line a distance of 100 feet; thence North 50°56'40" East a distance of 155.31 feet to its intersection with a line drawn parallel with and 33 feet South of the North line of said Section 29; thence due West along said parallel line a distance of 100 feet to the actual point of beginning.
and commonly known as 13997 N. Forest Blvd., Hugo, Minnesota,
will be sold by the Sheriff of said County at public auction on Monday, the 8th day of June, 2009, at 10:00 o'clock a.m. at Washington County Government Center, 15015 62nd Street North, in the City of Stillwater in said County and State, to pay the debt then secured by said Mortgage and taxes, if any, on said premises, and the costs, attorneys' fees and disbursements allowed by law. The time allowed by law for redemption by the Mortgagor, his personal representatives or assigns is six (6) months from the date of said sale.
THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGORS, THE MORTGAGORS' 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.
THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
DATED: March 10, 2009
KALLAS & ASSOCIATES LTD
BY: /s/ Paul J. Bosman
Paul J. Bosman, #0388865
Attorneys for Mortgagee
4940 Viking Drive, Suite 652
Edina, Minnesota 55435
Telephone: (952) 832-9352
Facsimile: (952) 832-9365
(Published in the Woodbury Bulletin on Wednesday, April 22, April 29, May 6, May 13, May 20, May 27, 2009).