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Kenwood Fin. 722797 MF

Tuesday, August 14, 2018 - 11:10pm

NOTICE OF MORTGAGE FORECLOSURE SALE
DATE: July 30, 2018
YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage:
INFORMATION REGARDING
MORTGAGE TO BE FORECLOSED
1. Date of Mortgage: September 6, 2013
2. Mortgagors: 4032 East, LLC
3. Mortgagees: Kenwood Finance, LLC
4. Recording Information:
Recorded on September 20, 2013, as Document Number 722797 (or in Book […] of […] Page […]), in the Office of the 0 County Recorder
1 Registrar of Titles of Dakota County, Minnesota
5. Assignments of Mortgage, if any:
Assigned to [insert name of Assignee] by written assignment recorded on [month/day/year], as Document Number […] (or in Book […] of […] Page […]), in the recording office stated in paragraph 4.
Further assigned to [insert name of Assignee] by written assignment recorded on [month/day/year], as Document Number […] (or in Book […] of […] Page […]), in the recording office stated in paragraph 4.
For additional assignments of Mortgage, provide the relevant information below.
[…]
INFORMATION REGARDING
MORTGAGED PREMISES
6. Tax parcel identification number of the mortgaged premises: 20-71161-04-060
7.Legal description of the mortgaged premises:
Lot 6, block 4, in South Grove No. 12, Dakota County, MN
Check here if all or part of the described real property is Registered (Torrens) X
8. The physical street address, city, and zip code of the mortgaged premises:
4032 70th St. East
Inver Grove Heights, MN 55076
OTHER FORECLOSURE DATA
9. The person holding the Mortgage: [check one]
is a transaction agent, as defined by Minn. Stat. 58.02, subd. 30.
The name(s) of the transaction agent, residential mortgage servicer, and the lender or broker, as defined in Minn. Stat. 58.02, is/are […].
The transaction agent’s mortgage identification number, if stated on the Mortgage, is […].
X 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/are […].
10. If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is […].
INFORMATION REGARDING
FORECLOSURE
11. The requisites of Minn. Stat. 580.02 have been satisfied.
12. The original principal amount secured by the Mortgage was $124,000.00.
13. At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $211,970.18.
14. 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 Wednesday, September 26, 2018, 10:00 a.m., at Dakota County Civil Unit, 1580 Highway 55, Hastings, MN 55033.
15. The time allowed by law for redemption by Mortgagor or Mortgagor’s personal representatives or assigns is six months after the date of sale.
16. 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 March 26, 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.
Name and address of Attorney for Mortgagee or Mortgage Assignee:
Jeffrey C. O’Brien
Chestnut Cambronne P.A.
17 Washington Ave. N., Suite 300
Minneapolis, MN 55401
Name of Mortgagee or Mortgage Assignee:
Kenwood Finance, LLC
P.O. Box 311
Wayzata, MN 55391
HOMESTEAD DESIGNATION NOTICE
Minn. Stat. 582.041
Minnesota Uniform Conveyancing Blanks
Form 60.3.3 (2006)
DATE: July 30, 2018
THIS NOTICE is attached to and served with the Notice of Mortgage Foreclosure Sale of the Mortgage, dated July 30, 2018, executed by Kenwood Finance, LLC, a Minnesota limited liability company, (“Mortgagor”), to 4032 East, LLC, a Minnesota limited liability company, (“Mortgagee”), and recorded on September 20, 2013, as Document Number 722797 (or in Book ______ of ____________________, Page ________), in the Office of the ? County Recorder ? Register of Titles of Dakota County, Minnesota.
In accordance with Minn. Stat. 582.041 you are notified by the foreclosing mortgagee that:
IF PART OF THE PROPERTY TO BE SOLD CONTAINS YOUR HOUSE, YOU MAY DESIGNATE AN AREA AS A HOMESTEAD TO BE SOLD AND REDEEMED SEPARATELY.
YOU MAY DESIGNATE THE HOUSE YOU OCCUPY AND ANY AMOUNT OF THE PROPERTY AS A HOMESTEAD. THE DESIGNATED HOMESTEAD PROPERTY MUST CONFORM TO THE LOCAL ZONING ORDINANCES AND BE COMPACT SO THAT IT DOES NOT UNREASONABLY REDUCE THE VALUE OF THE REMAINING PROPERTY.
YOU MUST PROVIDE THE PERSON FORECLOSING ON THE PROPERTY, THE SHERIFF, AND THE COUNTY RECORDER WITH A COPY OF THE LEGAL DESCRIPTION OF THE HOMESTEAD YOU HAVE DESIGNATED BY TEN BUSINESS DAYS BEFORE THE DATE THE PROPERTY IS TO BE SOLD.
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