NOTICE OF MORTGAGE FORECLOSURE SALE

NOTICE OF MORTGAGE
FORECLOSURE SALE
YOU ARE NOTIFIED THAT:
1. Default has occurred in the
conditions of the Mortgage dated
June 6, 2013, executed by Ross
L. Johnson, a single person, as
Mortgagor, to First National Bank,
as Mortgagee, and filed for record
on June 17, 2013, as Document
No. 391980, in the Office of the
County Recorder of Steele County,
Minnesota. The land described in
the Mortgage is not registered land.
2. The Mortgage has
not been assigned.
3. The original principal
amount secured by the
Mortgage was $55,000.00.
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 $57,407.13:
7. Pursuant to the power
of sale in the Mortgage, the
Mortgage will be foreclosed, and
the land described as follows:
The North Half of Lot One (N1/2 of
Lot 1), and the North Half of the East
Half of Lot Two (N1/2 of E1/2 of Lot 2),
all in Block Twelve (12), First Railway
Addition to the Village of Ellendale;
will be sold by the County Sheriff
of Steele County, Minnesota,
at public auction on March 17,
2016, at 10:00 a.m., at the Steele
County Sheriff’s Department,
204 E. Pearl St., Owatonna, MN
55060 to pay the debt secured by
said mortgage, and taxes, if any,
on said premises, and the costs
and disbursements, including
attorneys’ fees allowed by law.
8. The time allowed by
law for redemption by Mortgagors
or 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.
Date: January 21, 2016
PATTON, HOVERSTEN
& BERG, P.A.
By: /s/ Karie M. Anderson
Karie M. Anderson,
#393522
Attorney for Mortgagee
215 E Elm Ave.,
PO Box 249
Waseca, MN 56093
(507) 835-5240
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