Grant J. Hoovestol and Laurie J. Hoovestol, foreclosure

Published 12:31pm Wednesday, February 13, 2013

(First Publication February 8, 2013)

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 conditions of the following described mortgage:
DATE OF MORTGAGE:
April 19, 2005
MORTGAGOR:
Grant J. Hoovestol and Laurie J. Hoovestol
MORTGAGEE: Bell State Bank & Trust formerly known as State Bank & Trust
DATE AND PLACE OF RECORDING OF MORTGAGE:  Recorded April 26, 2005, Otter Tail County Recorder, Document No. 974816
MODIFICATION OF MORTGAGE:  Dated January 14, 2011, recorded on January 20, 2011, in Otter Tail County, as Document No.: 1087355.
TRANSACTION AGENT:  NONE
TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE:
LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE:
MORTGAGED PROPERTY ADDRESS:  23403, 23451 & 23471 Fish Lake Lane, Pelican Rapids, MN  56572
TAX PARCEL I.D. #: 17000991119000, 17000991130000, 17000170232000, 17000170232006, 17000991129000

LEGAL DESCRIPTION:  Lot 1 of Inwood Beach Addition No. 3 and Reserve 2 of Inwood Beach Addition No. 3, according to the plat thereof on file and of record with the Otter Tail County Recorder.

And

That part of Government Lot 7, Section 17, Township 137 North, Range 42 West, Otter Tail County, Minnesota, described as follows:

Commencing at the southeast corner of said Section 17; thence north on the east line of said Section 17 a distance of 67.4 feet; thence North 77 degrees 00 minutes West on the southerly side of a 33.0 foot public road for a distance of 286.0 feet to the point of beginning; thence proceeding south parallel to the east line of said Section 17 to the south line of said Section 17; thence proceeding west along the south line of said Section 17 to the point where the south line of Section 17 intersects the southerly side of said 33 foot public road; thence in an easterly direction along the southerly side of a 33 foot public road for a distance of approximately 650 feet to the point of beginning and there terminating.

And

Lot 1 of Inwood Beach Addition No.3 and Reserve 1 and Reserve 2 of Inwood Beach Addition NT. 3, according to the Plat thereof on file and of record, AND that part of Government Lot 7 of Section 17, township 137 North of Range 42, west of the 5th P.M. lying generally south of Inwood Beach Addition No. 3 and described as follows, to-wit:

Beginning at the southeast corner of said Government Lot 7, thence north along the east line of said Government Lot 7 a distance of 64.7 feet, thence North 77 degrees West 286 feet, thence South 82 degrees 40 minutes West 384 feet, thence South 73 degrees 40 minutes West 266 feet, more or less to the south line of said Government Lot 7, thence east on said south line to the point of beginning.  Subject to existing roadway easements, AND that part of Government Lot 5 of Section 16, Township 137 North of Range 42 West of the 5th P.M., lying generally South of the North line of the existing township road, described as follows, to-wit:

Commencing at the Southwest corner of said Government Lot 5 of Section 16, Township 137 North, Range 42 West, thence north along the west line of said Government Lot 5 a distance of 58.32 feet, thence North 45 degrees 22 minutes East 124.54 feet, thence North 71 degrees 47 minutes East 172.58 feet, thence North 88 degrees 27 minutes East 970.79 feet, thence North 74 degrees 59 minutes East 343.92 feet, thence South 3 degrees 36 minutes 30 seconds East 331.83 feet more or less to the south line of said Government Lot 7, thence west along the south line of said Government Lot 5 a distance 1309.67 feet, more or less, to the point of beginning.  Subject to existing Township road EXCEPTING THE FOLLOWING:

That part of Reserve 1 of Inwood Beach Addition No. 3 described as follows:

Beginning at a point on the east line of said Reserve 1 a distance of 50.51 feet South of the NE corner of said Reserve 1; thence North 65 degrees 51 minutes West 316.83 feet, more or less, to the shoreline of Fish Lake; thence Northerly on said shoreline 31 feet to the northerly line of said Reserve 1; thence South 75 degrees 00 minutes East 68 feet, more or less, thence South 34.17 feet to the Southerly side of a public road, thence South 75 degrees 00 minutes East 221.67 feet; thence South of the East line of said Reserve 1, a distance of 50.51 feet to the point of beginning together with the riparian rights pertaining to the above described tract of land which contains 0.19 acres, more or less.

ALSO EXCEPT:

Lot 1 of Inwood Beach Addition No. 3 and Reserve 2 of Inwood Beach addition No. 3 according to the plat thereof on file and of record with the Otter Tail County Recorder AND that part of Government Lot 7, Section 17, Township 137 North, Range 42 West, Otter Tail County, Minnesota described as follows:

Commencing at the Southeast corner of said Section 17; thence North on the East line of said Section 17 a distance of 67.4 feet; thence North 77 degrees 00 minutes West on the Southerly side of a 33.0 foot public road for a distance of 286.0 feet to the point of beginning; thence proceeding South Parallel to the East line of said Section 17 to the South line of said Section 17; thence proceeding West along the South line of said Section 17 to the point where the South line of Section 17 intersects the Southerly side of a 33 foot public road; thence in an easterly direction along the southerly side of said 33 foot public road of a distance of approximately 650 feet to the point of beginning and there terminating.

AND EXCEPT:

That part of Government Lot 5 of Section 17, Township 137 North, Range 42 West of the 5th Principal Meridian lying generally south of the north line of the existing township road, described as follows, to-wit:

Commencing at the Southwest corner of said Government Lot 5 of Section 16, Township 137, Range 42; thence north along the west line of said Government Lot 5 a distance of 58.32 feet; thence North 45 degrees 22 minutes East 124.54 feet; thence North 71 degrees 47 minutes East 172.58 feet; thence North 88 degrees 27 minutes East 970.79 feet; thence North 74 degrees 59 minutes East 143.92 feet; thence South 03 degrees 36 minutes 30 seconds East 331.83 feet, more or less, to the South line of said Government Lot 7; thence west along the south line of said Government Lot 5 a distance of 1,309.67 feet, more or less, to the point of beginning.  Subject to existing township road, and subject to easements, restrictions and reservations of record, if any.

ABSTRACT PROPERTY.
Provided for Information Only:
Municipal Address:  N/A
COUNTY IN WHICH PROPERTY IS LOCATED:  Otter Tail
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $250,000.00
AMOUNT OF MODIFICATION OF MORTGAGE: $232,632.16
AMOUNT DUE AND CLAIM TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $248,352.84
That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgage complied with all notice requirements as required by statute; That no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof;
PURSUANT to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows:
DATE AND TIME OF SALE: April 4, 2013, at 10:00 a.m.
PLACE OF SALE:  Law Enforcement Center, North Door, 121 West Junius Ave., Fergus Falls, MN  56537
to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, including attorneys’ fees allowed by law subject to redemption within six (6) months from the date of said sale by the mortgage(s), their personal representatives or assigns unless reduced by to five (5) weeks under MN Stat. Sects. 580.07 or 582.032.
MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE:
“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 STATUS, 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.”
Dated: __________________

Bell State Bank & Trust
Mortgagee/Assignee of Mortgagee
Schurman & Winters Law Firm, P.A.
Attorney for Mortgagee
102 Holmes Street East, PO Box 419
Detroit Lakes, MN  56502
(218) 847-2142

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

Publication Dates: February 8, 15, 22, March 1, 8, 15, 2013.

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