NOTICE OF MORTGAGE FORECLOSURE SALE

Date: August 24, 2010

YOU ARE NOTIFIED THAT:

1. Default has occurred in the conditions of the Mortgage dated July 20, 2007, executed by Thomas J. Earles, a single person, as Mortgagor, to Mortgage Electronic Registration Systems, Inc., solely as nominee for Aegis Wholesale Corporation, as Mortgagee, and filed for record August 7, 2007, as Document No. 3656254; which Mortgage was assigned to U.S. Bank National Association, as trustee for the benefit of the Holders of SerVertis Fund 1 Trust 2008-1 Certificates, Series 2008-1, pursuant to an Assignment of Mortgage dated July 20, 2010, and filed for record on August 5, 2010 as Document No. 3801682 in the office of the County Recorder of Washington County, Minnesota. The land described in the Mortgage is not registered land.

2. The original principal amount secured by the Mortgage was $286,900.00.

3. No action or proceeding at law is now pending to recover the debt secured by the Mortgage, or any part thereof.

4. No mortgagor has been released from financial obligation on the mortgage.

5. The holder of the Mortgage has complied with all conditions precedent to acceleration of the debt secured by the Mortgage and foreclosure of the Mortgage, and all notice and other requirements of applicable statutes.

6. At the date of this notice the amount due on the Mortgage, and taxes, if any, paid by the holder of the Mortgage is $315,698.76.

7. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the land described as follows:

Legal Description: Lot 2, Block 18, Wyndham Ponds, Common Interest Community No. 198, Washington County, Minnesota

will be sold by the Sheriff of Washington County, Minnesota, at public auction on October 21, 2010 at 10:00 a.m. at the office of the Washington County Sheriff, Law Enforcement Center, 15015 62nd Street North, Stillwater, Minnesota.

8. The mortgagor must vacate the property on or before 11:59 p.m. April 21, 2011, if the mortgage is not reinstated under Minn. Stat. Sec. 580.30, the property is not redeemed under Minn. Stat. Sec. 580.23, or the redemption period is not reduced under section 582.032.

9. The time allowed by law for redemption by Mortgagor or Mortgagor's personal representatives or assigns is 6 months after the date of sale.

10. 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.

11. 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. THIS IS AN ATTEMPT TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.

Foreclosure Data required by Minn. Stat. Sec. 580.025

1. Property Address: 3898 Darling Drive, Woodbury, Minnesota 55125

2. Transaction Agent: Mortgage Electronic Registration Systems, Inc

3. Name of Mortgage Originator (Lender): Aegis Wholesale Corporation

4. Residential Servicer: Green Tree Servicing LLC

5. Tax Parcel Identification Number: 20-028-21-33-0027

6. Transaction Agent's Mortgage ID Number: 100053030011973576

Green Tree Servicing LLC

Attorneys for Residential Servicer

Katherine J. Ford

STEPHENSON, SANFORD & THONE, P.L.C.

Suite 220, 1905 East Wayzata Boulevard

Wayzata, MN 55391

(952) 404-2100

5-9592*3

9/1-10/6

Tags: public notices, foreclosures