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NOTICE OF ASSESSMENT LIEN FORECLOSURE SALE

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Hastings, 55033

Hastings Minnesota 745 Spiral Boulevard 55033

NOTICE OF ASSESSMENT LIEN FORECLOSURE SALE

YOU ARE NOTIFIED THAT,

1. Default has occurred in the conditions of the Declarations of the Cornerstone Lake Condominium Association, Inc., CIC No. 329, Dakota County, Minnesota, by Mark E. Pasvogel, Jr., as fee owner of the below-described property subject to said Declarations.

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2. Pursuant to the Declarations of the Cornerstone Lake Condominium Association, Inc. filed in the office of County Recorder for Dakota County on June 4, 2002 as Document No. 1902418 and all amendments thereto, and Minnesota Statutes 515B, a statutory lien exists for unpaid assessments and fees incurred from February 1, 2007 to the date of this notice.

3. No action or proceeding has been instituted at law to recover the debt secured by the statutory lien or any part thereof, or if an action has been instituted it has been dismissed or discharged prior to the commencement of these proceedings.

4. The holder of the lien has complied with all conditions precedent to acceleration of the debt secured by the assessment lien and foreclosure of said lien, and all notice and other requirements of applicable statutes.

5. As of the date of this notice the amount due on the statutory assessment lien, after acceleration pursuant to the Declarations, is: $2,377.95.

6. The name(s) of all parties who have been released from liability on said lien are as follows: None.

7. Pursuant to the provisions of the Declarations of the Cornerstone Lake Condominium Association, Inc., the lien will be foreclosed and the land located in the County of Dakota, State of Minnesota, described as follows:

Unit No. 1407, CIC No. 329, Cornerstone Lake Condominiums, Dakota County, Minnesota (Abstract Property) will be sold by the sheriff of said county at public auction on October 17, 2007, at 10 o'clock A.M., at the Dakota County Sheriff's Office, Dakota County Justice Center, 1580 Highway 55, Hastings, Minnesota, in said county and state, to pay the debt then secured by said lien, including any additional assessments that may become due through the date of sale, along with the costs, attorneys fees and disbursements allowed by law.

8. The time allowed by law for redemption by the mortgagors, or mortgagor's personal representatives or assigns is six (6) months after the date of said sale.

9. THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGORS, THE MORTGAGORS' PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTE, 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.

10. 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 as of August 24, 2007

STANDKE, GREENE & GREENSTEIN, LTD.

By: _____________________________

Phaedra J. Howard (ID # 029133X)

Kevin Peterson (ID# 0386406)

Attorneys for Cornerstone Lake Condominium Association, Inc.

17717 Highway 7

Minnetonka, Minnesota 55345

Telephone: (952) 474-3221

8/30-10/4

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