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home : public notices : legals-article May 24, 2016

4/11/2013 10:04:00 AM
NOTICE OF MORTGAGE FORECLOSURE SALE - Donald N. Panek and Linda R. Panek

(April 11, 18, 25; May 2, 9, 16, 2013)

Date: March 28, 2013

NOTICE IS hereby given that default has occurred in the conditions of that certain mortgage dated October 3, 1988, given to secure an original principal amount of $57,650.00 executed by Donald N. Panek and Linda R. Panek, husband and wife, as mortgagor(s), to the United States of America, acting through the Rural Housing Service, formerly known as Farmers Home Administration, United States Department of Agriculture, Mortgagee, and duly recorded with the Office of the County Recorder of Chisago County, Minnesota on October 3, 1988, as Document Number 5069.

No action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof: all pre-foreclosure notice requirements have been complied with.

There is due and claimed to be due on the mortgage and the note secured thereby, including interest, taxes, and fees to the date of this notice, the sum of One Hundred Twenty Seven Thousand, Nine Hundred Four and 40/100 dollars, ($127,904.40). Pursuant to the power of sale therein contained, said mortgage will be foreclosed and the tract of land lying and being located in the County of Chisago, Minnesota, described as follows:

Legal description:
Lot One (1), Block Two (2), of KELLY HEIGHTS-PLAT 2, according to the Plat thereof on file and of record in the Office of the Registrar of Titles in and for Chisago County, Minnesota.

Property address: 29985 Akerson Street, Lindstrom, MN 55045

Parcel ID: 15-00622-12

will be sold by the Sheriff of Chisago County at public auction on the 12th day of June, 2013, at 10:00 a.m. o'clock in the County Sheriff's Office, 313 North Main Street, Room 100 in Center City, MN, to pay the debt then secured by said mortgage, taxes, if any on said premises, and the costs and disbursements allowed by law, subject to redemption within Six (6) months from said date of sale.

At the time of the commencement of said mortgage foreclosure proceedings said lands were not agricultural lands as defined by the Minnesota Omnibus Farm Act, Laws of 1986, Chapter 398.

The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated or the property redeemed, the time is 11:59 p.m. on December 12, 2013.

Dated: March 28, 2013

United States of America
By: Michael F. Keller
Acting Director for
Direct Loss Mitigation and Bankruptcy/Foreclosure Sections
[Successor in interest to the Farmers Administration]
State of Minnesota
U.S. Dept. of Agriculture







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