Centralfed Mortgage Company vs Schuster

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: May 28, 1986

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $69,450.00

MORTGAGOR(S): Elroy J. Baierl and Jill M. Thompson, both single persons, which mortgage was assumed by Paula Jean Robertson on April 28, 1994, without a Release of Liability to Elroy J. Baierl and Jill Thompson; which mortgage was further Assumed by Kelly J. Leder on January 12, 1995, without an express release of liability to Paula J. Robertson; which mortgage was further assumed by Mark Schuster and Roxanne Schuster on May 26, 1999 without a release of liability to Kelly Leder.

MORTGAGEE: Centralfed Mortgage Company

LENDER: Centralfed Mortgage Company

SERVICER: MidFirst Bank

DATE AND PLACE OF FILING: Filed June 13, 1986, Dakota County Recorder, as Document Number 729910, Thereafter modified by a Second Amended Loan Modification Agreement (providing for Fixed Interest Rate) increasing the Unpaid Principle Balance to $56,507.35 and changing the Maturity date to August 1, 2021 dated February 19, 2006 and recorded July 13, 2006 as document number 2444994; Thereafter modified by Loan Modification Agreement increasing the unpaid priciple balance by $ 4,205.79 and changing the Maturity date to March 1, 2023 dated September 18, 2008 and recorded October 27, 2008 as document number 2619919

ASSIGNMENTS OF MORTGAGE: Assigned to: Transohio Savings Bank, F.S.B.; Dated: June 16, 1986 filed: July 20, 1987, recorded as document number 795730; Thereafter assigned to Centralfed Mortgage Company dated June 16, 1986 and recorded on July 20, 1987 as document number 795731; Thereafter assigned to Transohio Savings Bank dated June 18, 1987 and recorded on April 15, 1989 as document number 835305; Thereafter assigned to Midland Mortgage Co. dated December 15, 1992 and recorded on March 1, 1993 as document number 1104218; Thereafter assigned to Midfirst Bank dated January 27, 2000 and recorded on February 22, 2000 as document number 1675266.

LEGAL DESCRIPTION OF PROPERTY:

Lot 4, Block 18, South St. Paul

PROPERTY ADDRESS: 133 5Th Ave N, South Saint Paul, MN 55075

PROPERTY IDENTIFICATION NUMBER: 36 70300 18 040

COUNTY IN WHICH PROPERTY IS LOCATED: Dakota

THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $55,895.05

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: May 31, 2012, 10:00am

PLACE OF SALE: Sheriff's Main Office, Dakota County Law Enforcement Center, 1580 Hwy 55, Lobby S-100, Hastings, MN 55033

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) the personal representatives or assigns.

TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property, if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23, is 11:59 p.m. on November 30, 2012.

"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 5 UNITS, ARE NOT PROPERTY USED FOR AGRICULTURAL PRODUCTION, AND ARE ABANDONED.

Dated: April 10, 2012

MidFirst Bank

Assignee of Mortgagee

SHAPIRO & ZIELKE, LLP

Lawrence P. Zielke - 152559

Diane F. Mach - 273788

Melissa L. B. Porter - 0337778

Ronald W. Spencer - 0104061

Stephanie O. Nelson - 0388918

Attorneys for Mortgagee

12550 West Frontage Road, Ste. 200

Burnsville, MN 55337

(952) 831-4060

PURSUANT TO THE FAIR DEBT COLLECTION PRACTICES ACT, YOU ARE ADVISED THAT THIS OFFICE IS DEEMED TO BE A DEBT COLLECTOR. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. This NOTICE is required by the provisions of the Fair Debt Collection PRACTICES Act and does not imply that we are attempting to COLLECT money from anyone who has discharged the debt UNDER the Bankruptcy Laws of the United States.

11-075105

4/19-5/24

Tags: public notices, foreclosures