The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1923-08-08
July 11-1s-25, Aug. 1915.
Notice Of Mortgage
Foreclosure Sale

Default having been made in the
payment of the sum of Eight Thou.
sand One hundred Eighteen & 75-10(
Dollars, which is claimed to be due
and is due at the date of this notice
upon certain Mortgage, duly ex.
ecuted and delivered by Alex R. Gle
mems and Jennie M. Clemens, his wife
Mortgagors, to The Union Contra
Life Insurance Company of Cincinn-
att, Ohio, Corporation duly organized
under the laws of the State of Ohio
Mortgage, bearing date the 21st day
of December, 1917, and with power
of sale therein contained, duly record
ed in the office of the Register OF
Deeds in and for the County Of Red
wood and State of Minnesota, on the
End day of January, 1918 at 11:1O o.
clock A. M, in book SO of Mortgages
on page 129.
Which said mortgage together with
the debt secured thereby, was duly as
signed by said The Union Central Life
Insurance Company of Cincinnati
Ohio, Mortgage, to George w. Swan
son by written assignment dated the
18th day of June, 1923, and recorded
in the office of said Register of Deeds,
on the Dist day of June, 1923, at
1920 o'clock A. NJ, in book 70 of
Mortgages on page 419.
That the default above described
consists as follows, to-wit:
That whereas, said mortgage was
given to secure the payment of a
promissory note dated December 21st,
1917, for Seven Thousand Five Hun
dred Dollars, payable January
1st, 1928 with interest at the rate of
51a per cent per annum, payable on
the first day of January Of each and
every year until paid.
And that whereas, said Mortgagors
covenanted and agreed among other
things in said mortgage in case of
default in the payment of any one
of the installments of principal or
the interest of said note when due or
in case of the violation of any one
of the above conditions, agreements
and covenants, the said MORTGAGE,
its successors or assigns may elect
without notice, that the whole indebt-
edness thereby secured shall be i'm
mediately due and payable, and may
enforce payment thereof by foreclos-
ure of said mortgage by judicial pro-
ceedings, or the mortgage, its sue
cessors or assigns, are thereby auth
orized and empowered to sell said
premises at public auction, and con-
vey the same to the purchaser in fee
simple, and out of the money arising
from such same, to retain all sums
secured thereby, together with all leg
al costs. charges and a reasonable at
tcrney fee for the foreclosure of said
mortgage, and pay the balance, if any,
RI the parties of the first part, and
that whereas said mortgagors have
made default in the payment of Four
Hundred Twelve & $1,000 for interest
on the principal sum of said note, which
became due and payable on the LIST
day of January, 1928, and that said de-
fault in the payment of said interest
has ever since existed and still does
exist and that by reason of said breach
said George w. Swanson has elected
and does hereby elect to declare the
whole sum secured by said mortgage
to be now due and payable.
That said George w. Swanson, As
signee of said mortgage, hereby de-
clares that the sum of $500 is a
reasonable attorney fee for the fore
closing of said mortgage; and that no
action or proceeding has been insti-
tuted at law or otherwise to recover
the debt secured by said mortgage or
anv part thereof.
Now, therefore, Notice is hereby
given, That by Virtue of the power.
of sale contained in said Mortgage,
and pursuant to the statute in such
case made and provided, the said
Mortgage will be foreclosed by sale
of the premises described in and con-
veyed by said Mortgage, viz:
The Southwest quarter of Section
Twenty mine, Township One Hundred
Ten, North of Range Thirty-Seven
West, containing One Hundred Sixty
ores, more or less, in Redwood County
and State of Minnesota, with the
Entertainments and Appearances; which
sale will be made by the Sheriff of
said Redwood County, at the Front
door of the court house in the City
of Redwood Falls in said County, and
State on Monday the 9th day of
August, 1923, at 2 o'clock P. M. of
that day, at public vendue, to the
highest bidder for cash, to pay said
debt of Eight Thousand One Hundred
Eighteen & 75-100 Dollars and inter-
est, and the taxes, if any on said
premises, and the sum of Seventy
FIVE Dollars as reasonable attorney
fee, to be paid by said Mortgagors
in case of foreclosure of said Mort
gage, and the disbursements allowed
bv law; subject to redemption at any
time within one year from the date
of sale, as provided by law.
Date July End, 1923.
George w. Swanson,
Assignee of Mortgage.