Tate W. Jerome and Heather J. Jerome, foreclosure

Published 3:22pm Tuesday, October 2, 2012

(First Publication October 1, 2012)

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.

NOTICE IS HEREBY GIVEN:  That Default has occurred in the conditions of the following described mortgage:

DATE OF MORTGAGE: 09/11/2007
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $127,000.00
MORTGAGOR(S): Tate W. Jerome and Heather J. Jerome, husband and wife as joint tenants
MORTGAGEE:  -U.S. Bank National Association ND
DATE AND PLACE OF FILING: 09/26/2007 as Document Number 1026920 in the Office of the County Recorder, Otter Tail County, Minnesota
TAX PARCEL I.D. NO.: 75-000-50-0028-000

LEGAL DESCRIPTION OF PROPERTY: The West 10 rods of the NW1/4 of the SE1/4 of Section 15, Township 131, Range 37, Otter Tail County Minnesota, being unplatted land in the Village of Parkers Prairie, EXCEPTING the East 4 rods of the South 16 rods thereof;
AND ALSO EXCEPTING THE FOLLOWING DESCRIBED TRACT:
Beginning at a point on the South line of the NW1/4 of the SE1/4 of said Section, Township and Range, said point being 90 feet East of the Southwest corner of said NW1/4 of the SE1/4 said Section, Township and Range, thence due North 16 rods; thence due East 9 feet; thence due South 16 rods to the South line of the NW1/4 of the SE 1/4  of said Section 15; thence due West on the said forty line 9 feet to the point of beginning.

ABSTRACT PROPERTY
STREET ADDRESS OF PROPERTY: 404 Jackson Street E., Parkers Prairie, MN 56361
COUNTY IN WHICH PROPERTY IS LOCATED: Otter Tail
LENDER OR BROKER AND MORTGAGE ORIGINATOR: U.S. Bank National Association ND
RESIDENTIAL MORTGAGE SERVICER: U.S. Bank National Association ND
TRANSACTION AGENT: None
THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE AS OF THE DATE OF THIS NOTICE: $142,640.02

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 pre-foreclosure notice and acceleration requirements of said mortgage, and/or applicable statutes.

Pursuant to the power of sale contained in said Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Otter Tail, Minnesota at public auction as follows:

DATE AND TIME OF SALE: 11/15/2012 at 10:00 A.M.
PLACE OF SALE: Otter Tail Sheriff’s Office, 417 South Court St, Fergus Falls, MN 56537

to pay the debt then secured by said mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law.
The time allowed by law for redemption by said Mortgagor(s) or Mortgagor’s personal representatives or assigns is six (6) months from the date of sale.

TIME AND DATE TO VACATE PROPERTY:
Minnesota Statute 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 mortgage must vacate the property if the mortgage is no reinstated under section 580.30 or the property redeemed under section 580.23.” If the statute applies, the time to vacate the property is 11:59 p.m. on 05/15/2013, or the next business day if 05/15/2013 falls on a Saturday, Sunday or legal holiday.

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 MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED.

Dated: 09/30/2012
U.S. Bank National Association ND, Mortgagee/Mortgage Assignee
Dunakey & Klatt, P.C., By Brian G. Sayer and Crystal W. Rink, Attorneys for Mortgagee/Mortgage Assignee
531 Commercial Street, P.O. Box 2363, Waterloo, IA 50701

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.

Publication Dates: October 1, 8, 15, 22, 30, November 5, 2012.

Editor's Picks

Fire displaces three Wednesday: One treated for smoke inhalation; smoke and fire damage throughout

A Fergus Falls home was severely damaged in a fire Wednesday afternoon, displacing three people the day before Thanksgiving and sending one of them to ... Read more

What’s Happening: Black Friday requires game plan

The biggest shopping day of the year is here. People young and old lined up this morning and Thursday evening to get their hands on ... Read more

LRH names new President, VP: Hospital cites growth as reason [UPDATED]

Due to continued growth of the organization, Larry Schulz, CEO of Lake Region Healthcare, announced two additions to the leadership team. Paul Wilson has been ... Read more

M State instructor scores big in 48 Hour Horror Film Project

Another project competing  in Hollywood’s Filmapalooza Minnesota State Community and Technical College instructor and composer Michael Trosvig scored big when his work was chosen as ... Read more