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home : public notices : legals-article
November 24, 2020

10/1/2020 11:44:00 AM
NOTICE OF MORTGAGE FORECLOSURE SALE - Russell G. Olsen and Therese C. Olsen

(October 1, 8, 15, 22, 29; November 5, 2020)

NOTICE IS HEREBY GIVEN, that default has occurred in the conditions of that certain mortgage, dated July 19, 2016, executed by Russell G. Olsen and Therese C. Olsen, as Mortgagors, to CorTrust Bank NA, as Mortgagee, filed with the Chisago County Recorder on November 7, 2016, as Document No. A593590;

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 Eighty-Five Thousand and No/100 DOLLARS ($85,000.00);

That there is due and claimed to be due on the mortgage, including interest to date hereof, the sum of Eighty-Eight Thousand Five Hundred Fifty-One and 42/100 DOLLARS ($88,551.42);

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 Chisago, State of Minnesota, described as follows, to-wit:

The North 380 feet of the West 660 feet of the Northeast Quarter of the Northwest Quarter of Section 30, Township 35 North, Range 19 West, Chisago County, Minnesota, EXCEPT a strip of land 50 feet in width lying South and adjacent to the centerline of County State Aid Highway No. 16.  Said strip of land being more fully set forth in Parcel No. 3348 of Project No. S.P. 13-616-5 on file in the Register of Deeds Office, Chisago County, Minnesota.

The real property’s street address is: 16655 Wild Mountain Road, Taylors Falls, MN  55084

The real property’s identification number is: 01.00148.00

will be sold by the sheriff of said county at public auction on the 10th day of December, 2020, at 10:00 o'clock a.m., at the Chisago County, Minnesota, Sheriff’s office located at 15230 Per Road, in the City of Center City, 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 mortgagors, their personal representative or assigns within six (6) months from date of sale.

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 June 10, 2021.

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.

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.

Transaction agent: N/A.
Transaction agent’s Mortgage identification number: N/A.
Mortgage originator: CorTrust Bank NA.

Dated as of the 22nd day of September, 2020.

CorTrust Bank NA
Mortgagee

/s/ Christopher E. Bowler
Christopher E. Bowler   #0398295
GISLASON & HUNTER LLP
2700 South Broadway
P. O. Box 458
New Ulm, MN  56073-0458
Phone:  507-354-3111
Fax:  507-354-8447
Attorneys for Mortgagee







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