Foreclosure: Nelson

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: March 17, 2006

MORTGAGOR: Thomas P. Nelson and De’On L. Nelson, husband and wife

MORTGAGEE: Castle Rock Bank

DATE AND PLACE OF RECORDING: March 30, 2006 as Document No. 2416742, in the Office of the Dakota County Recorder

LEGAL DESCRIPTION OF PROPERTY: The East 330.00 feet of the South 1320.00 feet of the East Half of the East Half of the Southwest Quarter of Section 35, Township 114, Range 19

PIN: 12-03500-020-50

ADDRESS: 1945 220th Street E., Farmington, MN 55024

COUNTY IN WHICH PROPERTY IS LOCATED: Dakota

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $250,000.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $242,453.76

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.

Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the above-described property will be sold by the Sheriff of Dakota County as follows:

DATE AND TIME OF SALE: March 19, 2009, at 10:00 a.m..

PLACE OF SALE: Dakota County Law Enforcement Center, 1580 Highway 55, Lobby S-100, Hastings, Minnesota

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 twelve months from the date of said sale by the mortgagor(s), their personal representatives or assigns.

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: January 20, 2009

Castle Rock Bank

Mortgagee

BURVILLE LAW OFFICE, P.A.

Michael D. Burville

Attorney for Mortgagee

429 Third Street

Farmington, MN 55024

(651) 460-3757

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Tags: legal, foreclosure, nelson