Foreclosure - Loeffler

Published Tuesday, August 19, 2008

(First Publication

August 20, 2008)

NOTICE OF MORTGAGE FORECLOSURE SALE

NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage:

DATE OF MORTGAGE: March 17, 2004

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $77,874.00

MORTGAGOR(S):

Leon H.G. Loeffler and Barbara A. Loeffler, Husband and Wife

MORTGAGEE: Mortgage Electronic Registration Systems, Inc.

DATE AND PLACE OF RECORDING:

Recorded: March 30, 2004

Otter Tail County Recorder

Document #: 950919

Transaction Agent : Mortgage Electronic Registration Systems, Inc

Transaction Agent Mortgage Identification Number : 100015700032507408

Lender or Broker : MBNA America (Delaware), N.A.

Residential Mortgage Servicer : Countrywide Home Loans, Inc

Mortgage Originator : Not Applicable

LEGAL DESCRIPTION OF PROPERTY:

Situated in Otter Tail County, State of Minnesota, described as follows: A tract of land in Sublot A of Government Lot 10 in Section 1, Township 133, Range 41, described as follows: Beginning at an Iron Monument located on the East line of said Section 1 where the said section line intersects the North shore of East Lost Lake; thence North on said section line 100 feet; thence North 73 degrees 35 minutes West a distance of 275 feet to the point of beginning; thence due South a distance of 86 feet to the shore of East Lost Lake; thence Easterly along the shore of East Lost Lake a distance of 100 feet; thence due North a distance of 85 feet; thence North 73 degrees 35 minutes West a distance of 100 feet to the point of beginning.

and

That part of Government Lot 10, Section 1, Township 133, Range 41, Otter Tail County, Minnesota, described as follows: Commencing at the Northeast corner of said Government Lot 10; thence South on the East line of said Government Lot 10, a distance of 1634.95 feet; thence North 73 degrees 55 minutes West 175 feet to the point of beginning of the tract of land hereinafter described; thence South 110 feet; thence North 73 degrees 55 minutes West 100 feet; thence North 110 feet; thence South 73 degrees 55 minutes East 100 feet to the point of beginning. Subject to and together with an easement of way for road purposes over and across the Northerly 20 feet of the premises herein conveyed which the grantors reserve unto themselves, their heirs and assigns, described as 10 feet on each side of a centerline beginning at a point on the East line of said Government Lot 10 a distance of 1634.95 feet South of the Northeast corner thereof, and thence North 73 degrees 55 minutes West 340 feet.

COUNTY IN WHICH PROPERTY IS LOCATED: Otter Tail

Property Address : 33950 274th Street Underwood, MN 56586

Tax Parcel ID No : 57-000-01-0009-002

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $76,077.13

THAT all pre-foreclosure requirements have been complied with; 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: October 2, 2008 10:00 A.M.

PLACE OF SALE: at the North door of the Courthouse, 121 West Junius Avenue, Fergus Falls, MN

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, subject to redemption within 6 months from the date of said sale by the mortgagor(s), their personal representatives or assigns.

Mortgagor(s) released from financial obligation:

NONE

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

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.

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: August 20, 2008

Mortgage Electronic Registration Systems, Inc.

Mortgagee

Wilford & Geske

Attorneys for Mortgagee

Lawrence A. Wilford

James A. Geske

7650 Currell Boulevard

Suite 300

Woodbury, Minnesota 55125

(651)209-3300

File ID: 054975-34368

Publication Dates: August 20, 27, September 3, 9, 16, 23, 2008.

---

WOULD YOU LIKE TO SHARE THIS STORY?

---