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Foreclosure: Lake Marion Commerce Condominiums

Friday, May 22, 2009 - 2:50pm

NOTICE OF MORTGAGE Foreclosure SALE

NOTICE IS HEREBY GIVEN, that default has occurred in the conditions of that certain mortgage, dated the 18th day of October, 2007, executed by Lake Marion Commerce Center, Inc., as mortgagor, to Citizens Bank Minnesota - Lakeville Branch, as mortgagee, filed for record in the office of the County Recorder in and for the County of Dakota, and State of Minnesota, on the 23rd day of October, 2007, and recorded as Document No. 2552096;

That no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all notice provisions and conditions precedent as required by law; and that the mortgagee or assignee has elected to declare the entire sum secured by the note and mortgage to be immediately due and payable as provided in the note and mortgage;

That the original or maximum principal amount secured by the mortgage was Six Hundred Seventy-one Thousand One Hundred Seventy-five and no/100 ($671,175.00) DOLLARS;

That there is due and claimed to be due on the mortgage, including interest to date hereof, the sum of Six Hundred Eighty-one Thousand Four Hundred Seventy and 85/100 ($681,470.85) DOLLARS;

And that pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being in the County of Dakota, State of Minnesota, described as follows, to-wit:

Unit No. 2, Common Interest Community No. 588,

Lake Marion Commerce Condominiums;

will be sold by the sheriff of said county at public auction on the 16th day of July, 2009, at 10:00 o'clock a.m., at 1580 Highway 55, Lobby S-100, Civil Division in the City of Hastings in said county and state, to pay the debt then secured by said mortgage on said premises and the costs and disbursements allowed by law, subject to redemption by the mortgagor, its personal representative or assigns within six (6) months from date of sale.

The real property's street address is: 19950 Dodd Blvd. #2, Lakeville, MN 55044.

The real property's identification number is: 22-02000-002-60

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 ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.

Dated this 15th day of May, 2009.

Citizens Bank Minnesota, Mortgagee

/s/ C. Thomas Wilson

C. Thomas Wilson

GISLASON & HUNTER LLP

Attorneys for Mortgagee

2700 South Broadway

P. O. Box 458

New Ulm, MN 56073-0458

Phone: 507-354-3111

Fax: 507-354-8447

5/22-6/26


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