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:
MORTGAGOR(S): Chad M. Preble and Katherine Preble, husband and wife
MORTGAGEE: Mortgage Electronic Registration Systems, Inc., a Delaware corporation, as nominee for The Business Bank, d/b/a Prime Mortgage, a Minnesota banking corporation
ASSIGNMENTS OF MORTGAGE: Assigned to: Wells Fargo Bank, N.A. by assignment recorded on July 26, 2012 as Document Number 2883036 in the Office of the County Recorder of Dakota County, Minnesota.
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $313,554.00
DATE OF MORTGAGE: November 23, 2010
DATE AND PLACE OF FILING: Recorded on December 1, 2010 as Document Number 2769181 in the Office of the County Recorder of Dakota County, Minnesota.
THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $298,412.15
LEGAL DESCRIPTION OF PROPERTY: Lot 7, Block 2, Fieldstone Creek 4th Addition, Dakota County, Minnesota
STREET ADDRESS OF PROPERTY: 16526 FALKIRK TRAIL, LAKEVILLE, MN 55044-6141
COUNTY IN WHICH PROPERTY IS LOCATED: Dakota County, Minnesota
TRANSACTION AGENT: Mortgage Electronic Registration Systems, Inc.
NAME OF MORTGAGE ORIGINATOR: The Business Bank, d/b/a Prime Mortgage, a Minnesota banking corporation
RESIDENTIAL SERVICER: Wells Fargo Bank, N.A.
TAX PARCEL IDENTIFICATION NUMBER: 22-26703-02-070
TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER: 100103210000743442
THAT no action or proceeding has been instituted at law to recover the debt then remaining secured by such mortgage, or any part thereof, or, if the action or proceeding has been instituted, that the same has been discontinued, or that an execution upon the judgment rendered therein has been returned unsatisfied, in whole or in part.
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: August 30, 2017 at 10:00 AM
PLACE OF SALE: Dakota County Sheriffs Office, Law Enforcement Center, 1580 Highway 55, Hastings, Minnesota
to pay the debt then secured by said mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law. The time allowed by law for redemption by said mortgagor(s), their personal representatives or assigns is six (6) months from the date of sale.
TIME AND DATE TO VACATE PROPERTY: Unless said mortgage is reinstated or the property redeemed, or unless the time for redemption is reduced by judicial order, you must vacate the premises by 11:59 p.m. on February 28, 2018.
THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGORS 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.
MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE: Chad M. Preble
Dated: July 6, 2017
WELLS FARGO BANK, N.A.
THE ACADEMY LAW GROUP, P.A.
Rebecca F. Schiller, Esq.
N. Kibongni Fondungallah, Esq.
Samuel R. Coleman, Esq.
*Corbin C. Smith, Esq.*
Attorneys for Mortgagee
The Academy Professional Building
25 Dale Street North
St. Paul, MN 55102
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.