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Tuesday, September 11, 2018 - 11:20pm

Name of Mortgagor: Akota, LLC
Name of Mortgagee: Alerus Financial, N.A.
Original Principle Amount
Secured by the Mortgage:$700,000
Date and Recording
Information of Mortgage: May 14, 2013; recorded in the Dakota County Registrar’s Office (Minnesota), on May 23, 2013, as Document No. T716690 (as modified thereafter, the “Mortgage”)
Amount Due as of
July 27, 2018: $868,966.71 which includes, without limitation, interest, costs, fees, and other expenses, all of which will continue to accrue
Legal Description of
Mortgaged Premises: Lot 5, Block 1, River Ridge Addition, Dakota County, Minnesota, Torrens Certificate No. 151149
Common Address and
Tax Parcel Identification
Numbers of Mortgaged
Premises: The Property has a common address of 250 River Ridge Circle S., Burnsville, MN 55337. The tax parcel identification numbers of the Property are 02-64200-01-051 and 02-64200-01-052.
No Pending Action: No action or proceeding at law is now pending to recover the debt secured by the Mortgage, or any part thereof.
Conditions Precedent: 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.
Mortgage Origination: The name of the lender or broker of the Mortgage is Alerus Financial, N.A.
Time, Place, and Manner
of Sale: Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed upon the Property and will be sold by the Dakota County Sheriff at public auction on Friday, September 21, 2018, at 10:00 a.m., at the Sheriff’s Office, Dakota County Civil Unit, 1580 Highway 55, Hastings, MN 55033. The Property will be sold as one parcel.
Non-Merger of
Interests: Any purchase by the Mortgagee of the Property at the foreclosure sale and/or the Mortgagee’s obtaining title to the Property at the end of the redemption period shall not cause the lien of the Mortgage, or any other lien or interest in favor of the Mortgagee against or with respect to the Property, to merge with fee title or any other interest acquired by the Mortgagee, or in any manner otherwise impair the security or priority of such liens or the Mortgagee’s rights and remedies under such liens and applicable law. To the contrary, the Mortgagee intends to reserve, and hereby expressly reserves, all of its rights and remedies with respect to such liens and interests.
Redemption: Mortgagor’s Redemption Period shall expire six months after the date of sale.
Deficiency: The Mortgagee preserves the right to pursue any deficiency as against the guarantors of the indebtedness in accordance with applicable law.
Dated: July 27, 2018
Christopher A. Camardello
401 2nd Avenue North, Suite 400
Minneapolis, MN 55401-2097
Attorneys for Mortgagee