NOTICE OF MORTGAGE
THE RIGHT OF 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 conditions of the following described mortgage:
MORTGAGOR: Clarence D. Salmela and Marilyn A. Salmela, husband and wife
MORTGAGEE: New Century Mortgage Corporation
McLeod Recorder Document No. 299726
Assigned To: Firstar Bank, N.A., as Trustee under Salomon Brother Mortgage Securities VII, Inc. Pass-Through Certificates Series 1999-NCS
McLeod County Recorder Document No. A-305432
Assigned To: U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2007-TC1
McLeod County Recorder Document No. A429293
Transaction Agent: N/A
Transaction Agent Mortgage Identification Number: N/A
Lender or Broker: New Century Mortgage Corporation, a California corporation
Residential Mortgage Servicer: Ocwen Loan Servicing, LLC
Mortgage Originator: New Century Mortgage Corporation, a California corporation
LEGAL DESCRIPTION OF PROPERTY:
That part of the Northwest Quarter of the Northeast Quarter of Section 8 in Township 117 North of Range 28 West, described as follows, to-wit: Beginning at the Northwest Corner of the Northeast Quarter of said Section 8; thence Easterly along the North line of the Northwest Quarter of the Northeast Quarter, a distance of 137 feet; thence in a Southwesterly direction for a distance of 110 feet to a point which is 129 feet East of the West line of the Northwest Quarter of the Northeast Quarter; thence Westerly 129 feet to a point on the West line of the Northwest Quarter of Northeast Quarter; and thence Northerly along the said West line, a distance of 110 feet to the point of beginning.
This is Abstract Property
TAX PARCEL NO: 05.008.0100
ADDRESS OF PROPERTY: 11495 240th St, Silver Lake, MN 55381
COUNTY IN WHICH PROPERTY IS LOCATED: McLeod
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $35,000.00
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $32,461.89
That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements as required by statute; That no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof;
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: May 11, 2017, 10:00 AM
PLACE OF SALE: McLeod County Courthouse, 830 11th Street East, Room 4, Glencoe, MN 55336
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 six (6) months from the date of said sale by the mortgagor(s), their personal representatives or assigns.
DATE TO VACATE PROPERTY: The date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under Minnesota Statutes section 580.30 or the property redeemed under Minnesota Statutes section 580.23 is November 11, 2017 at 11:59 p.m. If the foregoing date is a Saturday, Sunday or legal holiday, then the date to vacate is the next business day at 11:59 p.m.
MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE: None
“THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR’S 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.”
Dated: March 14, 2017
U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2007-TC1, Assignee of MOrtgagee
PFB LAW, PROFESSIONAL ASSOCIATION
By: Michael V. Schleisman, Michael T. Oberle, John M. Miller
U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2007-TC1, Assignee of Mortgagee
55 E. Fifth St., Suite 800
St. Paul, MN 55101-1718
THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.