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Date:
October 18, 2022
Time:
8:50 AM - 9:00 AM
Time Details:
MUST BE PRESENT AT 9:00 AM TO BID
Location:
Law Enforcement Center
Address:
911 11th St. N.
Moorhead, MN 56560
Cost:
CERTIFIED FUNDS ARE DUE AT TIME OF SALE
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POSTPONED - 2920 17th Ave South, Moorhead, MN 56560

Tuesday, October 18, 2022


NOTICE OF MORTGAGE FORECLOSURE SALE

 

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.

 

         NOTICE IS HEREBY GIVEN, that default has occurred in conditions of the following described mortgage:

         DATE OF MORTGAGE:   March 21, 2001

         MORTGAGOR: Suzann R. Olson and Kevin Olson, wife and husband.

         MORTGAGEE: Bank of Yorba Linda, a division of BYL Bank Group.

         DATE AND PLACE OF RECORDING:   Recorded April 2, 2001 Clay County Recorder, Document No. 544136.

         ASSIGNMENTS OF MORTGAGE:   Assigned to:   EquiCredit Corporation of America.   Dated April 25, 2001 Recorded September 14, 2001, as Document No. 550669.    And thereafter assigned to:  The Bank of New York, Trustee U/A Dated 12/1/01 (EquiCredit Trust 2001-2).    Dated July 3, 2002 Recorded September 9, 2003, as Document No. 585421.    And thereafter assigned to:  EquiCredit Corporation of America.  Dated September 18, 2007 Recorded October 9, 2007, as Document No. 648087.   And thereafter assigned to:  U.S. Bank National Association, as indenture trustee, for the CIM 2015-1EC Trust, Mortgage-Backed Notes, Series 2015-1EC.   Dated October 13, 2016 Recorded October 18, 2016, as Document No. 762217.   And thereafter assigned to:  Madison Revolving Trust 2017.  Dated June 28, 2018 Recorded July 19, 2018, as Document No. 781799.   And thereafter assigned to:  U.S. Bank National Association, not in its individual capacity but solely in its capacity as Indenture Trustee of CIM Trust 2021-NR2.   Dated June 22, 2022 Recorded June 27, 2022, as Document No. 829701.   

 

         TRANSACTION AGENT:  NONE

         TRANSACTION AGENT'S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE:  NONE

         LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE:  Bank of Yorba Linda, a division of BYL Bank Group

         RESIDENTIAL MORTGAGE SERVICER:  Select Portfolio Servicing, Inc.

         MORTGAGED PROPERTY ADDRESS:  2920 17th Avenue South, Moorhead, MN 56560

         TAX PARCEL I.D. #:  58.643.0660

         LEGAL DESCRIPTION OF PROPERTY:

         LOT 65, IN BLOCK 1, OF RIDGEWOOD ADDITION TO THE CITY OF MOORHEAD, SITUATE IN THE COUNTY OF CLAY AND THE STATE OF MINNESOTA.

         COUNTY IN WHICH PROPERTY IS LOCATED:     Clay

         ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:          $85,500.00

         AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE:    $81,162.63

          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: October 18, 2022 at 9:00 AM

         PLACE OF SALE:  Sheriff's Office, Law Enforcement Center, 911 11th Street North, Moorhead, MN

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 unless reduced to Five (5) weeks under MN Stat. §580.07.

 

         TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on April 18, 2023, unless that date falls on a weekend  or legal holiday, in which case it is the next weekday, and unless the redemption period is reduced to 5 weeks under MN Stat. Secs. 580.07 or 582.032.

 

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: August 18, 2022

U.S. Bank National Association, as Trustee

Mortgagee/Assignee of Mortgagee

 

LIEBO, WEINGARDEN, DOBIE & BARBEE, P.L.L.P.

Attorneys for Mortgagee/Assignee of Mortgagee

4500 Park Glen Road #300

Minneapolis, MN 55416

(952) 925-6888

38 - 22-003150 FC

IN THE EVENT REQUIRED BY FEDERAL LAW: THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.


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