Fair / 52° F
Jerry P. Molter and Victoria H. Molter, foreclosure
Published 9:16am Wednesday, July 13, 2011(First Publication
July 13, 2011)
NOTICE OF MORTGAGE FORECLOSURE SALE
DATE: July 11, 2011
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING MORTGAGE TO BE FORECLOSED
1. Date of Mortgage:
a. November 29, 2006
b. July 14, 2008
2. Mortgagors: a. Jerry P. Molter and Victoria H. Molter, as husband and wife
b. Jerry P. Molter and Victoria H. Molter, as husband and wife
3.Mortgagees: First State Bank of Ashby.
4. Recording Information:
a. Recorded on December 8, 2006, as Document Number 1010581 in the Office of the County Recorder of Otter Tail County, Minnesota.
b. Recorded on July 25, 2008, as Document Number 1042410 in the Office of the County Recorder of Otter Tail County, Minnesota.
5. Assignments of Mortgage, if any: None.
INFORMATION REGARDING MORTGAGED PREMISES
6. Tax parcel identification number of the mortgaged premises: 1800033022202.
7. Legal description of the mortgaged premises:
The Southwest Quarter of the Northwest Quarter of Section Thirty-three (33), Township One Hundred Thirty-one (131), Range Forty (40), Otter Tail County, Minnesota.
8. The physical street address, city, and zip code of the mortgaged premises: 10600 Rabbit Road, Ashby, Minnesota 56309- 4650.
OTHER FORECLOSURE DATA
9. The person holding the Mortgage: is not a transaction agent, as defined by Minn. Stat. 58.02, subd. 30.
The name(s) of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is/are First State Bank of Ashby.
10. If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is First State Bank of Ashby.
INFORMATION REGARDING FORECLOSURE
11. The requisites of Minn. Stat. 580.02 have been satisfied.
12. The original principal amount secured by the Mortgages was: a. $103,214.43.
b. $26,379.62.
13. At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: a. $112,533.57.
b. $23,598.72
14. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Otter Tail County, Minnesota, at public auction on August 25, 2011, 10:00 a.m., at the Otter Tail County Sheriff’s Office (at the north door of the Otter Tail County Courthouse.
15. The time allowed by law for redemption by Mortgagor or Mortgagor’s personal representatives or assigns is twelve months after the date of sale.
16. Minn. Stat. 580.04(b) provides, “If the real estate is an owner-occupied, single-family dwelling, the notice must also specify the date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under section 580.30 or the property redeemed under section 580.23.” If this statute applies, the time to vacate the property is 11:59 p.m. on August 25, 2012.
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.
Name of Mortgagee or Mortgage Assignee:
First State Bank of Ashby
110 Main Street,
P.O. Box 10
Ashby, MN 56309
TELE: (218) 747.2235
Justin R. Anderson
ATTORNEY FOR MORTGAGEE
Name and address of Attorney for Mortgagee or Mortgage Assignee:
Justin R. Anderson, #302855
Kratochwill & Anderson, P.A.
18 East Division, P.O. Box 1014
Elbow Lake, MN 56531
Tele: (218) 685.5353
Publication Dates:
July 13, 20, 27,
August 3, 10, 17, 2011
