Public Notice NOTICE OF MORTGAGE FORECLOSURE SALE
NOTICE OF MORTGAGE
Date: February 9, 2010
YOU ARE NOTIFIED THAT:
1. Default has occurred in the conditions of
the Mortgage dated December 1, 2005, exe-
cuted by Shawn E. Redfield, a single per-
son, as Mortgagors) to the First National
Bank in Wadena, as Mortgagee(s), and filed
for record December 2, 2005, as Document
Number 213273, in the Office of the County
Recorder of Wadena County, Minnesota.
The land described in the Mortgage is not
2. The Mortgage has not been assigned.
3. No Mortgagors have been released
from financial obligation on said Mortgage.
4. The original principal amount secured
by the Mortgage was: $112,876.62
5. No action or proceeding at law is now
pending to recover the debt secured by the
Mortgage, or any part thereof.
6. The holder of the Mortgage has com-
plied with all conditions precedent to accel-
eration of the debt secured by the Mortgage
and foreclosure of the Mortgage, and all no-
tice and other requirements of applicable
7. At the date of this notice the amount
due on the Mortgage, and taxes, if any, paid
by the holder of the Mortgage is:
8. Pursuant to the power of sale in the
Mortgage, the Mortgage will be foreclosed,
and the land described as follows:
Lot 5, Block 4 in Hosner's Sixth Addi-
tion to Wadena, Minnesota.
will be sold by the County Sheriff of Wade-
na County, Minnesota, at public auction on
March 31, 2010, at 10:00 o'clock a.m., at
the front door of the Law Enforcement
Center, 415 South Jefferson, Wadena,
9. The physical address, city and zip code
of the mortgaged premises is as follows:
1522 - 1st Street SW, Wadena, Minnesota
10. The tax parcel number for the property
11. The person holding the Mortgage is
not a transaction agent, as defined by Minn.
Stat. §580.02 Subd. 30. The name of the
Mortgage servicer, lender or broker, as de-
fined in Minn. Stat.§580.02 is the First Na-
tional Bank in Wadena.
12. If stated on the Mortgage, the name of
the Mortgage originator, as defined in Minn.
Stat. §580.02 is the First National Bank in
13. The time allowed by law for redemp-
tion by Mortgagor(s) or Mortgagor's personal
representatives or assigns is 6 months after
the date of sale.
14. Minn. Stat. §580.04(b) provides, "If the
real estate is an owner-occupied, single-
dwelling, the notice must also specify the
date on or before which the Mortgagor must
vacate the property if the Mortgage is not re-
instated under Section. 580.30 or the proper-
ty redeemed under Section 580.23." If this
statute applies, the time to vacate the prop-
erty is 11:59 p.m. on October 1, 2010.
15. THE TIME ALLOWED BY LAW FOR
REDEMPTION BY THE MORTGAGOR,
THE MORTGAGOR'S PERSONAL REPRE-
SENTATIVES OR ASSIGNS MAY BE RE-
DUCED TO FIVE WEEKS IF A JUDICIAL
ORDER IS ENTERED UNDER MINNESOTA
STATUTES, SECTION 582.032, DETER-
MINING, AMONG OTHER THINGS, THAT
THE MORTGAGED PREMISES ARE IM-
PROVED WITH A RESIDENTIAL DWELL-
ING OF LESS THAN FIVE UNITS, ARE
NOT PROPERTY USED IN AGRICULTU-
RAL PRODUCTION, AND ARE ABAN-
First National Bank in Wadena
Attorney(s) for Mortgagee
Timothy J. Pederson
Pederson & Pederson, P.A.
24 Colfax Ave. AW
P.O. Box 623
Wadena, MN 56482