Otilio Martinez, foreclosure

Published 10:54am Friday, March 1, 2013

(First Publication February 25, 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 the conditions of the following described mortgage:

DATE OF MORTGAGE:
July 24, 2001

MORTGAGOR(S): Otilio Martinez, a married man

MORTGAGEE: Midwest Minnesota Community Development Corporation

DATE AND PLACE OF RECORDING: Filed for record July 25, 2001, as Document No. 885837 in the office of the County Recorder in Otter Tail County, Minnesota

ASSIGNMENT(S) OF MORTGAGE:  Assignment dated July 24, 2001 to Minnesota Housing Finance Agency, filed for record July 25, 2001, as Document No. 885838 in the office of the County Recorder in Otter Tail County, Minnesota.

Said mortgage is not Registered Land.

TRANSACTION AGENT: None

TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE: None

LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Midwest Minnesota Community Development Corporation

RESIDENTIAL MORTGAGE SERVICER:  U.S. Bank Home Mortgage, a division of U. S. Bank Association

MORTGAGED PROPERTY ADDRESS: 119 1st Street NW, Pelican Rapids, MN 56572

TAX PARCEL ID NUMBER:
76-000-99-0140-000

LEGAL DESCRIPTION OF PROPERTY:  The West 1⁄2 of Lot 7 and all of Lot 8 in Block 7 of the Original Plat of the City of Pelican Rapids, according to the plat thereof on file and of record with the Otter Tail County Recorder

COUNTY IN WHICH PROPERTY IS LOCATED: Otter Tail

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:
$47,500.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY ASSIGNEE OF MORTGAGEE:  $40,115.16

That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee 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 18, 2013 at 10:00 a.m.

PLACE OF SALE:  Otter Tail County Sheriff’s Office, north door of Otter Tail County Courthouse, 121 West Junius, City of Fergus Falls, 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 mortgagor(s), their personal representatives or assigns unless reduced to five (5) weeks under MN Stat. §580.07.

TIME AND DATE TO VACATE PROPERTY:  If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on October 18, 2013. If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is the next business day at 11:59 p.m.

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 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:
February 25, 2013.

MINNESOTA HOUSING FINANCE AGENCY
Mortgagee/Assignee of Mortgagee

Marinus W. Van Putten, Jr.,
Reg. No. 11232X
BEST &
FLANAGAN LLP
225 South Sixth Street, Suite 4000
Minneapolis, MN  55402
(612) 339-7121
Attorney for Assignee of Mortgagee

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

Publication Dates: February 25,
March 4, 11, 18, 25, April 1, 2013.

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