NOTICE OF MORTGAGE
Date: May 15, 2019
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING MORTGAGE
TO BE FORECLOSED
Date of Mortgage: August 18, 2017
Mortgagors: Timothy M. Watts and Ann M. Watts, husband and wife
Mortgagees: Pine Country Bank
Recording Information: Recorded on August 23, 2017, as Document Number 3209215, in the Office of the County Recorder of Dakota County, Minnesota.
Assignments of Mortgage, if any: Assigned to n/a
Tax parcel identification number of the mortgaged premises: 02-17005-03-010
Legal description of the mortgaged premises:
Lot 1, Block 3, Chateaulin 6th Addition
The physical street address, city, and zip code of the mortgaged premises: 401 E 135th St., Burnsville, MN 55337-4065
OTHER FORECLOSURE DATA
The person holding the Mortgage is not a transaction agent, as defined by Minn. Stat. 58.02, subd 30.
The name(s) of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is Pine Country Bank.
If stated on the Mortgage, the name of the Mortgage originator, as defined in Minn. Stat. 58.02, is Pine Country Bank.
The requisites of Minn. Stat. 580.02 have been satisfied.
The original principal amount secured by the Mortgage was $25,000.00.
At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $24,479.28.
Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Dakota County, Minnesota, at public auction on Tuesday, July 23, 2019, 10:00 a.m., at Dakota County Law Enforcement Center, 1580 Highway 55, Hastings, MN 55033.
The time allowed by law for redemption by Mortgagor or Mortgagor's personal representatives or assigns is six (6) months after the date of sale.
Minn. Stat. 580.04(b) provides, "If the real estate is an owner-occupied, single-family dwelling, the notice must also specify the date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under section 580.30 or the property redeemed under section 580.23." If this statute applies, the time to vacate the property is 11:59 p.m. on December 23, 2019.
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.
Mortgagee or Mortgage Assignee
Pine Country Bank
Attorney for Mortgagee or Mortgage Assignee:
Rosenmeier Law Office, LLC
210 Second Street NE
Little Falls, MN 56345
05/23/19 - 06/27/19