(September 11, 18, 25, October 2, 9, 16, 2018) NOTICE OF MORTGAGE FORECLOSURE SALE YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage: INFORMATION REGARDING MORTGAGE TO BE FORECLOSED 1. Date of Original Mortgage: July 7, 2003 2. Date of Mortgage Modification: July 23, 2008 3. Mortgagors: Jeffrey A. Reed and Elizabeth A. Reed, as husband and wife 4. Mortgagees: Lake Region Bank, a Minnesota Corporation, f/k/a Farmers State Bank of New London 5. Recording Information for Original Mortgage: Recorded on July 16, 2003, as Document Number 502551, in the Office of the County Recorder of Kandiyohi County, Minnesota. 6. Recording Information for Mortgage Modification: Recorded on July 24, 2008, as Document Number 563980, in the Office of the County Recorder of Kandiyohi County, Minnesota. 5. Assignments of Mortgage: None INFORMATION REGARDING MORTGAGED PREMISES 6. Tax parcel identification number of the mortgaged premises: 27-385-0090 7. Legal description of the mortgaged premises located in Kandiyohi County, Minnesota: Lot 14 of Block 1 of Echo Beach, Kandiyohi County, Minnesota. 8. The physical street address, city, and zip code of the mortgaged premises: 8707 North Shore Drive, Spicer, Kandiyohi County, Minnesota 56288. OTHER FORECLOSURE DATA 9. The person holding the Mortgage is not a transaction agent, as defined by Minn. Stat. 58.02, subd. 30. The name of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is Lake Region Bank, a Minnesota Corporation, f/k/a Farmers State Bank of New London. 10. If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is Lake Region Bank, a Minnesota Corporation, f/k/a Farmers State Bank of New London.. INFORMATION REGARDING FORECLOSURE 11. The requisites of Minn. Stat. 580.02 have been satisfied. 12. The original principal amount secured by the Mortgage was $232,000.00. Page 2 of 2 NOTICE OF MORTGAGE FORECLOSURE SALE 13. The mortgage modification dated July 24, 2008 did not modify the principal amount. 14. At the date of this notice there is a judgment entered against the Mortgagors in the amount of $405,228.10 with an order providing for foreclosure on this subject property, but also ordering a lien of mortgage against another parcel not being sold at this foreclosure sale. 15. Pursuant to the order for judgment and judgment filed on July 31, 2018, in Kandiyohi County Case No. 34-CV-18-123, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Kandiyohi County, Minnesota, at public auction on October 31, 2018, 10:00 a.m., at the Kandiyohi County Sheriff’s Office, 2201 23rd Street Northeast, Willmar, MN 56201. 16. The time allowed by law for redemption by the Mortgagor or the Mortgagors’ personal representatives or assigns is 6 months after the date of sale. 17. Minn. Stat. 580.04(b) provides, “If the real estate is an owner-occupied, single-family dwelling, the notice must also specify the date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under section 580.30 or the property redeemed under section 580.23.” If this statute applies, the time to vacate the property is 11:59 p.m. on May 1, 2019. THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGORS, THE MORTGAGORS’ 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. Name and address of Attorney for Mortgagee: Jon C. Saunders (MN# 177982) Casey Swansson (MN# 0395691) ANDERSON LARSON SAUNDERS KLAASSEN & DAHLAGER, P.L.L.P. 331 Southwest Third Street Willmar, Minnesota 56201 Telephone: (320) 235-4313 Facsimile: (320) 235-8180 Name of Mortgagee: Lake Region Bank, a Minnesota Corporation, f/k/a Farmers State Bank of New London.
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Post date: Tuesday, September 11, 2018 - 12:01am