NOTICE OF MORTGAGE
NOTICE IS HEREBY GIVEN: That default has occurred in the conditions in the following described mortgage:
DATE OF MORTGAGE: February 21, 2001
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $1,000,000.00
MORTGAGOR(S): Colin J. Garvey.
MORTGAGEE: Sterling State Bank
DATE AND PLACE OF FILING: Recorded on March 21, 2001, in Dakota County Registrar's Office as Document Number # 436169, and by the Dakota County Recorder's Office as Document Number # 1758911; and as amended.
ASSIGNMENTS OF MORTGAGE: None
LEGAL DESCRIPTION OF PROPERTY:
The West 33.0 feet of the Northwest Quarter of the Northwest Quarter (NW ¼ of NW ¼) of Section 26, Township 114, Range 19, Dakota County, Minnesota; and also being registered land as evidenced by Certificate of Title No. 101189.
The West Half of the Southwest Quarter (W ½ of SW ¼) of Section 26, Township 114, Range 19, Dakota County, Minnesota except the East 967.48 feet of the South 450.24 feet thereof.
That part of the South 99.0 acres of the West Half of the West Half (W ½ of W ½) of Section 26, Township 114, Range 19, Dakota County, Minnesota, lying Northerly of the South line of the Southwest Quarter of the Northwest Quarter (SW ¼ of NW ¼) of said Section 26.
The North 700 feet of the Southwest Quarter of the Northwest Quarter (SW ¼ of NW ¼) of Section 26, Township 114, Range 19, Dakota County, Minnesota.
THE AMOUNT CLAIMED TO BE DUE ON THE DATE OF NOTICE: $1,289,894.21.
MORTGAGE FORECLOSURE SALE DATA:
(1) Street address, city and zip code of mortgaged premises: Unassigned Street Address, Farmington, MN 55024
(2) Transaction agent: residential mortgage servicer; lender or broker: Sterling State Bank
(3) Tax parcel identification number: 12-02600-26-012; 12-02600-50-011;
(4) Transaction Agent's mortgage ID number: None
(5) Name of mortgage originator: Sterling State Bank
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, if required, with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or applicable statutes.
PURSUANT, to the power of sale contained in said mortgage, the above described real property will be sold by the Sheriff of said county as follows:
DATE AND TIME OF SALE: February 10, 2012, at 10:00 a.m.
PLACE OF SALE: Dakota County Law Enforcement Center, in the Sheriff's main lobby located at 180 Highway 55, Hastings, MN 55033, 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 twelve months (12) months from the date of sale.
NOTICE: The Mortgagee intends to have the afore-described parcels sold in a single sale to maximize the sale price and ensure accessibility to the property.
Dated: December 16, 2011By: /s/Tracy J. Morton
Tracy J. Morton (#0312848)
Counsel for Sterling State Bank
4520 150th Street West
Apple Valley, MN 55124