THIS IS AN ATTEMPT TO COLLECT A DEBT. 

ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

WELLS FARGO BANK, NATIONAL 

ASSOCIATION, AS TRUSTEE FOR 

STRUCTURED ASSET SECURITIES 

CORPORATION MORTGAGE PASS-THROUGH 

CERTIFICATES, SERIES 2007-BC1 

 PLAINTIFF 

CASE NUMBER: 1:12-cv-4797

VS.

MICHAEL MORGAN, JPMORGAN CHASE 

BANK, N.A.,,

 DEFENDANT(S).

COMPLAINT TO FORECLOSE MORTGAGE

Plaintiff, WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE FOR 

STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE PASS-THROUGH 

CERTIFICATES, SERIES 2007-BC1 , by Burke Costanza & Carberry LLP, one of its attorneys, files 

its Complaint to foreclose a mortgage, states as follows:

1. Plaintiff files this Complaint to Foreclose the Mortgage hereinafter described.

2. Jurisdiction of this Court is based on diversity of citizenship, 28 U.S.C. 1332. There is complete 

diversity and the matters in controversy, exclusive of interest and costs, exceed the sum of $75,000.

3. Plaintiff is a national association chartered under the laws of South Dakota, and having its 

principal place of business and headquarters in the State of South Dakota.

4. Defendant(s) is/are citizen(s) of the following State(s):

Michael Morgan the State of IL

5. The citizenship of other persons or entities joined as defendants is as follows:

JPMORGAN CHASE BANK, N.A., - is a national association chartered under the laws of 

Ohio, and having its principal place of business and headquarters in the State of Ohio

6. Venue is proper in this District because the Mortgage at issue is secured by property located in 

this District and because a substantial part of the events or omissions giving rise to the claim occurred 

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here. 18 U.S.C. § 1391.

7. Plaintiff, elected to accelerate the principal balance due, together with accrued interest, fees and 

costs, and confirms that election by the filing of this complaint.

8. Any pre-suit notice requirements have been met, and any and all grace periods have expired or 

have been waived.

9. Attached as Exhibit "A" is a copy of the Mortgage. Attached as Exhibit "B" is a true copy of the 

Balloon Note ("Note") secured thereby. Attached as Exhibit "C" is a copy of the Assignment of 

Mortgage.

10. Information concerning mortgage:

a) Nature of instrument: mortgage

b) Date of mortgage: 11/09/2006

c) Name of mortgagor: Michael Morgan

d) Mortgage Information:

i. Name of Original Mortgagee: BNC Mortgage, INC., A Delaware Corporation

ii. Name of Current Mortgagee:

WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE FOR 

STRUCTURED ASSET SECURITIES CORPORATION MORTGAGE PASSTHROUGH CERTIFICATES, SERIES 2007-BC1 

iii. Name of Current Loan Servicer: Ocwen Loan Servicing, LLC

e) Date and place of recording:

Recorded on 12/11/2006, in the Office of the Cook County Recorder's Office

f) Identification of recording:

Document/Instrument No. 0634508144

g) Interest Subject to Mortgage:Fee Simple

h) Amount of Original Indebtedness:, including subsequent advances made under the 

mortgage: $270,000.00

i) Both the legal description of the mortgaged real estate and the common address or other 

information sufficient to identify it with reasonable certainty:

Lot 5 in Block 16 in Second Addition to Calumet Gateway Subdivision part of the 

Northeast 1/4 in Section 2, Township 37 North, Range 14, East of the Third Principal 

Meridian, in Cook County, Illinois 

More Commonly Known As: 8815 S Dante Ave

Chicago, IL 60619

Permanent Index No. 25-02-213-005-0000

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j) Statement as to defaults: The Mortgage is in default due to the failure of the mortgagor(s) to pay 

the monthly installments of principal, interest, and taxes, from 12/01/2011 through the present. 

There remains an outstanding principal balance of $262,827.12 with interest accruing on the 

unpaid principal balance at $51.33 per day, plus attorneys fees, foreclosure costs, late charges, 

advances, and expenses incurred by the Plaintiff as a result of the default.

k) Name of present owner of the real estate:

Michael Morgan

l) Names of other persons who are joined as defendants and whose interest in or lien on the 

mortgaged real estate is sought to be terminated:

That JPMorgan Chase Bank, N.A., is a party to this action by virtue of a Junior 

Mortgage between Michael E Morgan, Mortgagor(s), and JPMorgan Chase Bank, N.A.,, 

Mortgagee, dated October 5, 2007 and recorded October 29, 2007 as document number 

0730201194 in the amount of $50,000.00

m) Names of defendants claimed to be personally liable for deficiency, if any:

Michael Morgan

n) Capacity in which Plaintiff brings this foreclosure: Plaintiff is the legal holder of the 

indebtedness and the owner of the mortgage given as security given as security therefore.

o) The redemption period terminates on one of the following dates, whichever is later:

If the Property is Residential Real Estate:

(i) 7 months from the date the mortgagor [or, if more than one, all the mortgagors]

(I) have been served with summons or by publication or 

(II) have otherwise submitted to the jurisdiction of the court; or

(ii) 3 months from the entry of the judgment of foreclosure.

If the Property is Non-Residential Real Estate

(i) 6 months from the date the mortgagor [or, if more than one, all the mortgagors] 

(I) have been served with summons or by publication, or 

(II) have otherwise submitted to the jurisdiction of the Court, if commercial real 

estate; or 

(iii) 3 months from the entry of the judgment of foreclosure,

Pursuant to the terms of the 735 ILCS 5/15-1603, the Court will determine the length of the 

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redemption period upon making a finding, based on the facts and circumstances available to the 

Court at the time of judgment, that the property is either residential, non-residential, abandoned, 

or real estate of value less than 90 percent of amount owed.

p) Facts in support of request for attorneys' fees and of costs and expenses, if applicable:

Pursuant to the terms of the Note and Mortgage, the mortgagee is entitled to recover attorneys' 

fees, court costs, title costs, and other expenses, which plaintiff has been and will be required to 

expend in the prosecution of this foreclosure.

q) Facts in support of a request for appointment of mortgagee in possession or for appointment of 

receiver, and identity of such receiver, if sought:

Plaintiff reserves the right to file a separate Petition for Appointment of Mortgagee in 

Possession or Receiver, if applicable.

r) Plaintiff reserves the right to offer, in accordance with Section 15-1402 [735 ILCS 5/15-1402] 

to accept title to the real estate in satisfaction of all indebtedness and obligations secured by the 

mortgage without judicial sale.

s) Name or names of defendants whose right to possess the mortgaged real estate, after the 

confirmation of a foreclosure sale, is sought to be terminated and, if not elsewhere stated, the 

facts in support thereof:

Michael Morgan by virtue of being the Mortgagor(s) and/or Owners of record

REQUEST FOR RELIEF

WHEREFORE, Plaintiff respectfully requests:

A. Judgment of foreclosure and sale by the Sheriff of Cook County or a Judicial Sales 

Officer appointed for that purpose.

B. An order granting a shortened redemption period, if applicable.

C. A deficiency judgment against only those Defendants/Obligors, who have not received 

an order discharging the subject debt in bankruptcy proceedings, or who are not 

currently involved in bankruptcy proceedings in which the stay has been modified for 

the sole purpose of foreclosing the subject lien.

D. An Order granting possession if sought.

E. An Order placing the mortgagee in possession or appointing a receiver, if sought.

F. A judgment for attorneys' fees, costs and expenses, including but not limited to 

payments for taxes, insurance, securing, inspections and other expenses of the plaintiff, 

if sought.

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G. A finding that the interests of all named defendants are junior and subservient to the 

mortgage lien being foreclosed herein and the termination of leaseholds, if any.

H. An Order enforcing its assignment of rents derived from the real estate, if applicable.

I. Such other and further relief as the Court deems just, including, but not limited 

to, declaratory and injunctive relief.

ADDITIONAL REQUEST FOR RELIEF

J. A Sale by public auction.

K. A cash sale by open bid.

L. A provision that a Sales Officer, Sheriff of Cook County, or special commissioner shall 

conduct the sale for a reasonable fee, which fee shall be recoverable by Plaintiff in the 

event of Redemption.

M. An order that the title in the real estate may be subject, at the sale, to exceptions 

including general real estate taxes for the current year and for preceding years which 

have not become due and payable as of the date of entry of the judgment of foreclosure, 

any special assessments upon real estate, and easements and restrictions of record.

N. That the plaintiff be entitled to recover in any reinstatement or redemption, any 

additional taxes paid, or advances paid for expenses including, but not limited to, 

insurance, inspection, boarding and securing said premises, or other expenses to 

preserve and protect said security.

Dated: June 15, 2012

Respectfully submitted,

/s/ James N. Pappas 

One of Plaintiff's Attorneys

JAMES N. PAPPAS #6291873

Burke Costanza & Carberry LLP

Attorneys for Plaintiff

225 W. Washington St, Suite 2200

Chicago, IL 60606

(219) 769-1313

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