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 conditions of the following described mortgage:
DATE OF MORTGAGE: June 20, 2006
MORTGAGORS: Jason Lee Schlehr and Ladelle Schlehr, husband and wife.
MORTGAGEE: Option One Mortgage Corporation, NKA Sand Canyon Corporation.
DATE AND PLACE OF RECORDING: Recorded June 23, 2006, Polk County Recorder, Document No. A000631257.
ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Bank, N.A., as Trustee for ABFC 2006-OPT1 Trust, Asset Backed Funding Corporation Asset-Backed Certificates, Series 2006-OPT1, Dated: March 29, 2010.
TRANSACTION AGENT: NONE
TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: NONE
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Option One Mortgage Corporation, NKA Sand Canyon Corporation
RESIDENTIAL MORTGAGE SERVICER: American Home Mortgage Servicing, Inc
MORTGAGED PROPERTY ADDRESS: 44926 400th Street Southeast, Lengby, MN 56651
TAX PARCEL I.D. #: 120027601
LEGAL DESCRIPTION OF PROPERTY:
That part of the Northwest Quarter of the Northwest Quarter, Section 34, Township 147 North, Range 39 West, described as follows: Commencing at a point on the West Section line where the Great Northern Railway Right of Way intersects said section line, said point being the point of beginning of the tract described herein; thence North along said section line 570 feet; thence East at right angles 735 feet; thence South at right angles 796 feet, more or less, to the Great Northern Railway Right of Way; thence in a Northwesterly direction along said railway right of way to the point of beginning.
COUNTY IN WHICH PROPERTY IS LOCATED: Polk
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $123,244.21 That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements as required by statute; That no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof;
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: June 4, 2010 at 10:00 AM
PLACE OF SALE: Sheriff’s Office, Law Enforcement Center, 600 Bruce Street, Crookston, MN
to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, including attorneys’ fees allowed by law subject to redemption within six (6) months from the date of said sale by the mortgagor(s), their personal representatives or assigns unless reduced to Five (5) weeks under MN Stat. §580.07.
TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on December 6, 2010.
MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE: None
“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: April 6, 2010.
Wells Fargo Bank, N.A., as Trustee
Mortgagee/Assignee of Mortgagee
By: /s/ Paul A. Weingarden
USSET, WEINGARDEN AND LIEBO, P.L.L.P.
Attorneys for Mortgagee/Assignee of Mortgagee
4500 Park Glen Road #300
Minneapolis, MN 55416
(April 21, 28, May 5, 12, 19 & 26, 2010)