Foreclosure: Luther R. Estes and Janell L. Estes (0518)

NOTICE OF MORTGAGE FORECLOSURE SALE

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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 the following described mortgage:

Mortgagor:                  Luther R. Estes and Janell L. Estes, Husband and Wife

Mortgagee:                  Mortgage Electronic Registration Systems, Inc., as nominee for Valley Mortgage, Inc.

Dated:                         09/22/2009

Recorded:                    09/23/2009

Lake Of The Woods County Recorder Document No. 87113

Assigned To:               U.S. Bank National Association

Dated:                         09/25/2015

Recorded:                    09/25/2015

Lake Of The Woods County Recorder Document No. A000095599

Assigned To:               U.S. Bank National Association

Dated:                         01/29/2016

Recorded:                    02/05/2016

Lake Of The Woods County Recorder Document No. A000096109

Transaction Agent: Mortgage Electronic Registration Systems, Inc.

Transaction Agent Mortgage ID No: 100021268002798037

Lender or Broker: Valley Mortgage, Inc.

Servicer: U.S. Bank National Association

Mortgage Originator:  Valley Mortgage, Inc.

 

LEGAL DESCRIPTION OF PROPERTY:  Lots 7, 8, and 9, Block 2, Third Addition to East Baudette.

 

This is Abstract Property.

 

TAX PARCEL NO.:  61.57.02.070

 

ADDRESS OF PROPERTY:

112 6TH AVE SE

BAUDETTE, MN 56623
COUNTY IN WHICH PROPERTY IS LOCATED:  Lake Of The Woods
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:  $72,526.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $69,930.76

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 1, 2016, 10:00 AM

PLACE OF SALE:  Sheriff`s Office, Law Enforcement Center, 206 8th Ave. SE, Baudette, 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 6 Months from the date of said sale by the mortgagor(s), their personal representatives or assigns.

DATE TO VACATE PROPERTY:  The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Minnesota Statutes section 580.30 or the property redeemed under Minnesota Statutes section 580.23 is  December 1, 2016 at 11:59 p.m.   If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is the next business day at 11:59 p.m. 

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 1, 2016

U.S. Bank National Association, Assignee of Mortgagee

 

PFB LAW, PROFESSIONAL ASSOCIATION

By: Jonathan R. Cuskey, Michael V. Schleisman

Attorneys for:

U.S. Bank National Association, Assignee of Mortgagee

55 East Fifth Street, Suite 800

St. Paul, MN 55101-1718

651-209-7599

651-228-1753 (fax)

 

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

17908-15-01022-1

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