NOTICE IS HEREBY GIVEN, that default has occurred in the conditions of that certain mortgage, dated December 8, 2005, executed by Brunswick Inn, LLC, as Mortgagor, to Investment Lending Group, LLC, as Mortgagee, filed with the Washington County Recorder on December 12, 2005, as Document No. 3557409, which was assigned by that certain Assignment of Mortgage dated December 5, 2008, and filed with the Washington County Recorder on October 13, 2006, as Document No. 3610819, which was amended by that certain Extension of Mortgage dated November 28, 2006, which was assigned by that certain Assignment of Mortgage dated January 9, 2009, and filed with the Washington County Recorder on February 19, 2009, as Document No. 3726248;
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 notice provisions and conditions precedent as required by law; and that the mortgagee or assignee has elected to declare the entire sum secured by the note and mortgage to be immediately due and payable as provided in the note and mortgage;
That the original or maximum principal amount secured by the mortgage was Three Hundred Twenty Five Thousand Seven Hundred Sixty and No/100 DOLLARS ($325,760.00);
That there is due and claimed to be due on the mortgage, including interest to date hereof, the sum of Three Hundred Forty-Four Thousand Three Hundred Seventy-Six and 11/100 DOLLARS ($344,376.11);
And that pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being in the County of Washington, State of Minnesota, described as follows, to-wit:
The West 25 feet of Lot 5; The East 50 feet of Lots 6 and 7; The East 50 feet of the South 30 feet of Lot 8, Block 24, Original Town (now City) of Stillwater;
will be sold by the sheriff of said county at public auction on the 1st day of July, 2009, at 10:00 o'clock a.m., at Law Enforcement Center Lobby, 15015 - 62nd Street N., in the City of Stillwater, in said county and state, to pay the debt then secured by said mortgage on said premises and the costs and disbursements allowed by law, subject to redemption by the mortgagor, its personal representative or assigns within two (2) months from date of sale pursuant to that certain Agreement for Voluntary Foreclosure Pursuant to Minn. Stat. § 582.32 dated April 9, 2009.
Beginning after the expiration of the two (2) month redemption period, each junior lienholder may redeem in the order and manner provided in Minn. Stat. § § 582.32, Subd. 9, 580.24 and 580.25, if a Notice of Intent to Redeem is properly filed with the county recorder where the real estate is located. If a junior creditor fails to timely file a Notice of Intent to Redeem, or fails to redeem, its lien on the real estate is extinguished. See Minn. Stat. § 582.32, Subd. 9.
The real property's street address is: 114 Chestnut Street East, Stillwater, Minnesota.
The real property's identification number is: 28-030-20-42-0100.
The mortgage originator and lender is: Investment Lending Group,LLC
THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. 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.
Dated this 5th day of May, 2009.
Investment Lending Group, LLC, Mortgagee
/s/ Justin P. Weinberg
Justin P. Weinberg #313798
GISLASON & HUNTER LLP
Attorneys for Investment Lending Group, LLC
2700 South Broadway
P. O. Box 458
New Ulm, MN 56073-0458
(Published in the Woodbury Bulletin on Wednesdays, May 20, May 27, Jun 3, & Jun 10, 2009.)