|3/12/2020 9:59:00 AM|
NOTICE OF MORTGAGE
FORECLOSURE SALE - Donald C. Palmquist and Karen A. Palmquist
(March 12, 19, 26; April 2, 9, 16, 2020)
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: March 3, 2014
MORTGAGOR: Donald C. Palmquist and Karen A. Palmquist, husband and wife
MORTGAGEE: Mortgage Electronic Registration Systems, Inc. as nominee for One Reverse Mortgage, LLC its successors and assigns
DATE AND PLACE OF RECORDING: Filed March 13, 2014, Chisago County Registrar of Titles, Document No. T-23837 on Certificate of Title No. 591.0
ASSIGNMENTS OF MORTGAGE: Assigned to: Reverse Mortgage Solutions, Inc. Dated February 3, 2020 Filed February 7, 2020, as Document No. T-27015
Said Mortgage being upon Registered Land
TRANSACTION AGENT: Mortgage Electronic Registration Systems, Inc.
TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: 1003195-3322926574-3
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: One Reverse Mortgage, LLC
RESIDENTIAL MORTGAGE SERVICER: Reverse Mortgage Solutions, Inc.
MORTGAGED PROPERTY ADDRESS: 12165 Mentzer Trl., Lindstrom, MN 55045
TAX PARCEL I.D. #: 020005700
LEGAL DESCRIPTION OF PROPERTY: That part of Government Lot Five (5), Section Five (5), Township Thirty Three (33) North, Range Twenty (20) West, Chisago County, Minnesota, described as follows: Commencing at a point on the east line of said Gov't. Lot 5, which point is the southeast corner of lot 38 of South Beach, according to the plat thereof on file and of record in the Office of the Register of Deeds within and for said County and State; thence south, along said east line of Gov't Lot 5, a distance of 60.24 feet to the south line of South Beach Drive of said plat of South Beach; thence North 84 degrees 53' West, along said south line of South Beach Drive, a distance of 531.7 feet to the point of beginning; thence continuing North 89 degrees 53' West, along said south road line, a distance of 165 feet; thence South 5 degrees 07' West, a distance of 260 feet; thence South 84 degrees 53' East, a distance of 165 feet; thence North 5 degrees 07' East, a distance of 260 feet to the point of beginning, containing 1.0 acre, more or less.
COUNTY IN WHICH PROPERTY IS LOCATED: Chisago
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $217,500.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $41,334.72
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: April 30, 2020 at 10:00 A.M.
PLACE OF SALE: Sheriff's Office, 15230 Per Road, Center City, 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 twelve (12) 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 April 30, 2021, unless that date falls on a weekend or legal holiday, in which case it is the next weekday, and unless the redemption period is reduced to 5 weeks under MN Stat. Secs. 580.07 or 582.032.
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: February 28, 2020
Reverse Mortgage Solutions, Inc.
Mortgagee/Assignee of Mortgagee
USSET, WEINGARDEN AND LIEBO, P.L.L.P.
Attorneys for Mortgagee/Assignee of Mortgagee
4500 Park Glen Road #300
Minneapolis, MN 55416
136 - 20-002309 FC
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.
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