NOTICE OF MORTGAGE FORECLOSURE SALE
Date: November 23, 2020
YOU ARE NOTIFIED THAT:
- Default has occurred in the conditions of that certain mortgage that was executed by and between Paul J. McMahon, mortgagor, and Sherburne State Bank, 12500 Sherburne Avenue, P.O. Box 428, Becker, Minnesota 55308, mortgagee, dated July 13, 2016 and filed for record on July 15, 2016, as document number 823367, with the Office of the County Recorder in and for Sherburne County, Minnesota.
- The mortgage has been assigned as follows: n/a
- The original principal amount secured by the mortgage was: $25,000.00.
- No action or proceeding at law is now pending to recover the debt secured by the mortgage, or any part thereof.
- 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.
- As of the date of this notice, the amount due on the mortgage, and taxes, if any, paid by the holder of the mortgage is: $25,845.51.
- Pursuant to the power of sale in the mortgage, the mortgage will be foreclosed on the land described as follows:
Street Address: 7087 - 100th Avenue SE, Clear Lake, Minnesota 55319
Tax Parcel Identification Number: 20-403-0130
and will be sold by the Sheriff of Sherburne County, Minnesota at public auction on Thursday, January 14, 2021, at 10:00 o’clock a.m., at the Office of the Sherburne County Sheriff, Sherburne County Government Center, 13880 Business Center Drive NW, Elk River, Minnesota 55330.
- The time allowed by law for redemption of mortgagor or mortgagor’s personal representatives or assigns is six (6) months after the date of sale.
- The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Minn. Stat. § 580.30 or the property is not redeemed under Minn. Stat. § 580.23 is July 14, 2021 at 11:59 p.m. 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.
- THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR OR THE MORTGAGOR’S PERSONAL REPRESENTATIVES OR ASSIGNS MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINN. STAT. § 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.
THIS IS AN ATTEMPT TO COLLECT A DEBT, AND ANY INFORMATION
OBTAINED WILL BE USED FOR THAT PURPOSE.
Sherburne State Bank, Mortgagee
LATHROP GPM LLP
By: /s/ Andrew J. Steil
Andrew J. Steil #387048
1010 West St. Germain Street
Suite 500
St. Cloud, MN 56301
(320) 252-4414
Attorneys for Sherburne State Bank
(Published in the Patriot: 11/28/20; 12/05/20; 12/12/20; 12/19/20; 12/26/20; 01/02/21.)
