Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1927-09-29
NOTICE OF REAL ESTATE MORT.
GAGE FORECLOSURE SALE

WHEREAS. Default has been made
by the mortgagors in the conditions and
duly executed and delivered by Her.
bert L. Wallace and Olive L. Wallace.
his wife. mortgagors. to the State of
the goth day of October. 1923. and.
with a power of sale therein contained.
duly filed for record in the office of
County of Pine and State of Minnesota
on the 25th day of October. 1928. at
two o'clock p. M: and duly recorded
therein in Book go" of Mortgages. on
page 1913 thereof;
AND WHEREAS. Said default con-
sists in the failure of said mortgagors
to pay the semi annual installments OF
amortized principal and interest. each
| amounting to Two Hundred Twenty
five Dollars (s225.00).. which became
due and payable on the goth day of
October, 1925. and the goth day of
April, 1927, in accordance with the
terms and conditions of said mortgage;
and to pay the general taxes on said
rtgaged premises for the year 1923.
mortgage. in default of said mortga-
day of May. 1925. to-wit: the sum of
ffty-three cents G195.53). which de-
fault has continued to this date;
AND WHEREAS. By reason of said
default. and pursuant to the terms and
By aW the
Rural Credit. on behalf of the State
of Minnesota. the mortgage and owner
and holder of said mortgage, has ex-
ercised and does hereby exercise its
option to declare. and hereby does de-
clare. the whole of the loan secured
by said mortgage to be due and pay
able forthwith;
AND WHEREAS. There is actually
due and claimed to be due and payable
upon said mortgage. and the loan Sc
cured thereby. at the date of this no.
he
of Six Thousand Nine Hundred Twenty
seven Dollars and twenty-seven cents
S6.927.2D. unamortized principal. to-
gether with interest thereon from the
goth day of April. 1927. at the rate
or nve and one-fourth per centum per
annum. and Four Hundred Fifty Dol
interest. with interest on s225.oe there
of from October Goth. 1925. at seven
per centum per annum. and interest on
$225.O0 thereof from April Goth. 1927.
at seven per centum per annum. in all
the sum of Seven Thousand Seven Hun
| dred Sixty-two Dollars and fifty-five
cents (S7.762.55). including The amount
paid for taxes as aforesaid;
AND WHEREAS. By reason of said
default. the said power of sale con-
tanned in said mortgage has become
and is operative and no action or pro
ceeding having been instituted at law
or otherwise to recover the debt Sc
| cured by said mortgage or any part
| thereof;
| NOW. IHEREFORE. NOTICE is mere
| by 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 a sale of the prem
| ises described in and conveyed by said
| mortgage. situate, lying and being in
the County of Pine and State of Min
neSota. to-wit:
| The East Half of the Northwest
Quarter lEh of NWA) and the
| West Half of the Northeast Quar-
| ty-three (33). Township Thirty
| nine (39) North, of Range Twenty
two (20 West. containing 100
| acres. more or less, according to the
| Government survey thereof,
with the Entertainments and appurten-
| ances. which sale will be made by the
Sheriff of said Pine County. at the
front door of the Court House in the
AND a State. on the Est day sag Of october.
1927. at ten o'clock in the forenoon of
that day. at public vendue to the high
| est bidder for cash. to pay and satisfy
the debt then due on said mortgage.
| and the taxes, if any, on said premises,
| and the costs and expenses allowed by
| law; subject to redemption at any time
within one year from the date of sale
| as provided by law.
Dated September 7th. 1927.
| STATE OF MINNESOTA. Mortgage.
| By Department of Rural Credit.
OLE o. SAGENG. Chairman.
Attest: H. H. FLOWERS. Secretary.
| DEPARTMENT SEAL)
| Clifford L. Hilton, Attorney General
| Ludwig GulIickson,
| Assistant Attorney General.
| Attorneys for Mortgage.
| CLIO Hamm Building.
st. Paul. Minnesota.
| Sept. S.-Oct. 13)