THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTIFICATION OF THE ORIGINAL CREDITOR WITHIN THE TIME PERIOD PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.
NOTICE IS HEREBY GIVEN: That default has occurred in the conditions of the Mortgage dated December 8, 2004 executed by Cherie L. Frazier and Mark Frazier, as mortgagors, to New Century Mortgage Corporation, as mortgagee, recorded in the office of the County Recorder of Hennepin County, Minnesota, on January 26, 2005 as Document Number 4070533 and was subsequently assigned to Deutsche Bank National Trust Company, as Indenture Trustee, for New Century Home Equity Loan Trust 2005-1 by an assignment of mortgage that was recorded on June 23, 2006 as Document Number 4274443. Said mortgage conveyed and mortgaged the following described property situated in the county of Hennepin and State of Minnesota, which property has a street address of 6709 Emerson Avenue, South Richfield, Minnesota 55423, and Property Identification Number 28-028-24-42-0060: The North 90 feet, front and rear of Lot 8, Dunhams Addition to Richfield, Hennepin County, Minnesota.
That the original principal amount secured by said mortgage was $246,500.00; that there has been compliance with any condition precedent to acceleration of the debt secured by said mortgage and foreclosure of said mortgage required by said mortgage, any note secured thereby, or any statute; that no action or proceeding has been instituted at law to recover the debt remaining secured by said mortgage, or any part thereof, that there is claimed to be due upon said mortgage and is due thereon at the date of this notice, the sum of $247,991.31.
That by virtue of the power of sale contained in said mortgage, the said mortgage will be foreclosed by the sale of the above described premises with appurtenances, which said sale will be made by the Sheriff of Hennepin County, Minnesota, at the Sheriffs office Civil Unit, Room 30, Minneapolis City Hall, 350 South 5th Street, Minneapolis, Minnesota, on April 1, 2016 at 10:00 oclock a.m., at public auction to the highest bidder, to pay the amount then due on said mortgage, together with the costs of foreclosure, including attorneys fees as allowed by law, in accordance with the provisions of said mortgage. The time allowed by law for redemption by the mortgagors, their personal representatives, or assigns is six (6) months from the date of said sale.
THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGORS 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.
If the mortgage is not reinstated under Minn. Stat. 580.30 or redeemed under Minn. Stat. 580.23, the mortgagor must vacate the property by 11:59 p.m. on October 1, 2016, unless the foreclosure is postponed pursuant to Minn. Stat. 580.07, or the redemption period is reduced to five (5) weeks under Minn. Stat. 582.032.
THIS IS AN ATTEMPT TO COLLECT A DEBT BY A DEBT COLLECTOR. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
Nicholas P. Edwards
Shelton, Harrison & Pinson, PLLC
701 Highlander Blvd. Suite 270
Arlington, TX 76015
Published in the
Richfield Sun Current
February 4, 11, 18, 25, March 3, 10, 2016