NOTICE OF MORTGAGE FORECLOSURE SALE
NOTICE IS HEREBY GIVEN that default has occurred in conditions of the following described mortgage:
DATE OF MORTGAGE: February 24, 2006
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $915,000.00;
MORTGAGOR(S): Commercial Property Development Corporation, a Minnesota corporation;
MORTGAGEE: Commerce Financial Group, Inc., a Minnesota corporation;
DATE AND PLACE OF RECORDING: Registered in the Office of the County Registrar, Dakota County, Minnesota on February 27, 2006, and memorialized as Document No. 585504.
LEGAL DESCRIPTION OF PROPERTY:
Unit Nos. 104 & 204, CIC No. 552, South Haven Condominium, a common interest community, located in the County of Dakota, State of Minnesota; Pursuant to the Declaration and Bylaws, Doc. No. 603741; Subject to the provisions, restrictions and easements contained in the Declaration (and Bylaws) and subject to the provisions of Minnesota Common Interest Ownership Act, Minnesota Statutes Chapter 515B and Acts Amendatory thereof, which is registered land with Certificate of Title No. 141738.
STREET ADDRESS: 744 Southcross Drive West, Units 104 & 204, Burnsville, MN 55337
TAX PARCEL IDENTIFICATION NUMBERS: 02-70151-104-05; 02-70151-204-05
COUNTY IN WHICH PROPERTY IS LOCATED: Dakota
DATE OF VOLUNTARY FORECLOSURE AGREEMENT: June 2, 2009
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $390,083.96, which amount increases thereafter at a rate of $165.17 per day.
THAT no Mortgagors have been released from financial obligation on said Mortgage; no action or proceeding has been instituted by law to recover the debt secured by said Mortgage; all conditions precedent to foreclosure of the Mortgage and acceleration of the debt secured thereby have been fulfilled;
Pursuant to the power of sale therein contained, the above described property will be sold by the Sheriff of said county as follows:
DATE AND TIME OF SALE: July 14, 2009 at 10:00 a.m.;
PLACE OF SALE: Dakota County Law Enforcement Center, 1580 Highway 55, Main Lobby S100, Hastings, MN 55033, to pay the debt then 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 two (2) months from the date of said sale by the Mortgagor(s), their personal representatives or assigns.
REDEMPTION PERIOD: The Mortgagors' redemption period is two (2) months from the date of sale.
THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.
A PERSON HOLDING A JUNIOR LIEN UPON THE REAL ESTATE OR SOME PART OF THE REAL ESTATE MAY REDEEM WITHIN SEVEN (7) DAYS AFTER THE EXPIRATION OF THE REDEMPTION PERIOD, IN ACCORDANCE WITH THE ORDER AND MANNER SPECIFIED IN MINNESOTA STATUTES §§ 580.24 AND 580.25 (2008), BUT ONLY IF BEFORE THE END OF THE MORTGAGORS' REDEMPTION PERIOD THE CREDITOR FILES WITH THE COUNTY RECORDER OR REGISTRAR OF TITLES OF EACH COUNTY WHERE THE REAL ESTATE IS LOCATED, A NOTICE OF INTENTION TO REDEEM. IF A JUNIOR CREDITOR FAILS TO TIMELY FILE A NOTICE OF INTENTION TO REDEEM AS PROVIDED HEREIN, OR FAILS TO REDEEM, ITS LIEN ON THE REAL ESTATE IS EXTINGUISHED.
Dated this 4th day of June, 2009.
Commerce Financial Group, Inc.
CAMERON LAW OFFICE, CHTD.
/s/ Colin A. Mueller
John F. Cameron (#218613)
Colin A. Mueller (#0389203)
33 South Sixth Street, Suite 4100
Minneapolis, MN 55402
Attorneys for Mortgagee