Mortgage Foreclosure
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. YOU ARE HEREBY NOTIFIED THAT:
1. Default has occurred in the conditions of the
mortgage dated October 14, 2011, executed by Kevin E. Prestegard, a single person, as
Mortgagor(s), to Wells Federal Bank, fsb a
federally chartered
savings bank, as
Mortgagee(s), and filed for record October 19, 2011, in the Office of the County Recorders,
Steele County,
Minnesota as document number A000380702.
2. The Mortgage has been assigned as follows: n/a.
3. The maximum
principal amount secured by the Mortgage was: $20,000.00.
4. No action or
proceeding at law is now pending to recover the debt secured by the
Mortgage, or any part thereof.
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: $31,696.97.
7. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the land located in Steele County, Minnesota and described as follows:
All that part of the Northeast Quarter of the Southwest Quarter of Section 15, Township 107 North, Range 20 West, Steele County, Minnesota, described by: Beginning at the Southwest
Corner of Lot 4,
Alexander, Buxton, and Schoeneman Addition, Owatonna, Minnesota; thence North 0 degrees 02 minutes West,
assumed bearing, 66 feet along the West line of said Lot 4; thence North 89 degrees 45.5 minutes West 188 feet along a boundary line of said Lot 4 and its extension to the centerline of Austin Road; thence South 31 degrees 39.25 minutes East 77.74 feet along said centerline to the Northwest corner of Kast’s Addition to City of Owatonna, Minnesota; thence South 89 degrees 45.5 minutes East 147.24 feet along the North line of said Kast’s Addition to beginning; Subject to a public street easement along the Westerly 33 feet thereof.
will be sold by the sheriff of Steele County,
Minnesota at public auction on Thursday, August 14, 2025 at 10:00 o’clock a.m., at the Steele County Sheriff’s Office, 2500 Alexander St. SW, Owatonna, MN 55060.
8. The time allowed by law for redemption by the Mortgagor, the
Mortgagor’s personal
representatives or assigns is 6 months after the date of sale.
9. 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.
10. Unless the mortgage is reinstated or the
property redeemed, or
unless the time for
redemption is reduced by judicial order, the
mortgagor and/or its assigns must vacate the property by 11:59 p.m. on February 14, 2026, or the next business day if the forgoing date falls on a Saturday, Sunday or legal holiday.
11. In order to comply with Minn. Stat. Section 580.025, the undersigned hereby states that the following information is correct to the best of its knowledge:
(a) The street address and tax identification number of the mortgaged property:
1173 Austin Road
Owatonna, Minnesota 55060
Tax Identification Number:
17-015-3111
(b) Transaction agent and transaction agent’s mortgage identification number: N/A
(c) Residential mortgage servicer, broker and/or originator: N/A
(d) Lender: Wells Federal Bank, fsb a Federally chartered savings bank.
12. This is an attempt to collect a debt and any information obtained will be used for that purpose.
Dated: June 10, 2025
Citizens Community Federal, N.A. successor by merger with Wells Federal Bank, fsb, a Federally chartered savings bank
By:_/s/ David A. Lutz
David A. Lutz
Attorney for Mortgagee
120 South 6th Street, Suite 1515
Minneapolis, MN 55402
612-424-2110
6.25-7.30