NOTICE OF MORTGAGE
FORECLOSURE SALE
Date: February 2, 2016
YOU ARE NOTIFIED THAT:
1. Default has occurred in the conditions of the Mortgage dated June 30, 2011, executed by Dekas LLC, a Minnesota limited liability company, as Mortgagor, to AgStar Financial Services, FLCA, as Mortgagee, and filed for record July 11, 2011, as Document No. A1179257, in the Office of the County Recorder of Wright County, Minnesota. The land described in the Mortgage is not registered land.
2. The Mortgage has not been assigned.
3. The original principal amount secured by the Mortgage was $372,500.00.
4. No action or proceeding at law is now pending to recover the debt secured by the Mortgage, or any part thereof.
5. The holder of the Mortgage has complied with all conditions precedent to acceleration of the debt secured by the Mortgage and foreclosure of the Mortgage, and all notice and other requirements of applicable statutes.
6. At the date of this Notice the amount due on the Mortgage, and taxes, if any, paid by the holder of the Mortgage is $341,322.94.
7. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the land located in Wright County, Minnesota, described as follows:
NE1/4 of NE1/4 of Section 11, Township 122, Range 27, Wright County, Minnesota EXCEPT the South 300.00 feet of the North 975.00 feet of the West 363.46 feet thereof.
Subject to existing highways, easements and rights of way of record along with the following personal property located thereon: Sioux Corporation Steam.Flo, Serial No. 12-3607 will be sold by the County Sheriff of Wright County, Minnesota, at public auction on March 22, 2016, at 10:00 a.m., at the Wright County Sheriff’s Department, located at 3800 Braddock Avenue NE, Buffalo, Minnesota.
8. To the best of Mortgagee’s information, the property being foreclosed has a property address of 16808 County Road 7 NW, Clearwater, MN 55320, and has tax parcel identification number 204100111102.
9. The time allowed by law for redemption by Mortgagor or Mortgagor’s personal representatives or assigns is twelve (12) months after the date of sale.
10. The property must be vacated by 11:59 p.m. on March 22, 2017, provided the Mortgagor has not reinstated the Mortgage under Minnesota Statutes, Section 580.30 or redeemed the property under Minnesota Statutes, Section 580.23. 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.
AGSTAR FINANCIAL SERVICES, FLCA
Matthew P. Lindeman (#0394749)
Rinke Noonan
Suite 300 US Bank Plaza
1015 W. St. Germain St.
P.O. Box 1497
St. Cloud, MN 56302
(320) 251-6700
(320) 656-3500 fax
Email:
Our File No. 14790-0262
Attorneys for Mortgagee
(Citi-Trib Feb. 6, 13, 20, 27, Mar. 5, 12, 2016)
