The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1927-07-20
June 15-July 20
NOTICE OF MORTGAGE FORE
CLOSURE SALE


Default having been made in the
conditions of that certain mortgage
bearing date the LIST day of June 1922,
made, executed and delivered by Rich
S. Benham and Clara S. Benham, his
wife, as mortgagors, to Southern Min
nesota Joint Stock Land Bank of Red
wood Falls, now Southern Minnesota
Joint Stock Land Bank of Minneapo-
lis, body corporate, of the City of
Minneapolis, Hennepin County, Min
nesota, mortgage, and with a power
of sale therein contained and duly fill
ed for record in the office of the Reg
lister of Deeds in and for Redwood
County, Minnesota on the 30th day
of September 1922 at-9:O5 o'clock A.
M. and duly recorded in Book 76 of
Mortgages on page 425, which said
mortgage secures one promissory note
for Thirteen Thousand Two Hundred
Dollars ($13,20O) of even date there
with with principal and interest pay
able on the amortization plan in semi
annual installments of Four Hundred
Sixty Two Dollars ($462.0O) each, pay
able on the first day of June and
December in each year; and whereas
said mortgagors have failed to pay
the sum of Three Hundred Eighty
Six and 2S-100 Dollars ($386.2S) be-
ing the balance due on the semi-annual
installment of principal and interest
CT Four Hundred Sixty Two Dollars
($462.00) which was due June 1, 1926
and two semi-annual installments Of
principal and interest of Four Hun
dred sixty Two Dollars ($462.00) each
which were due December 1, 1926 and
June 1, 1927, respectively, with inter-
est on each Of said defaulted INSTALL
ments at the rate of eight percent per
annum, which said interest amounts to
Fifty Six and 3-1OO Dollars ($56.O3)
to date hereof, or a total of Install
ments and interest of One Thousand
Three Hundred Sixty Six and 31-100
Dollars Isl ,366.31) the amount due and
claimed to be due and payable on said
mortgage at the date of this notice;
and whereas said mortgage, under the
provisions of Chapter $50, General
Laws of Minnesota for 1925, has taken
and deemed said defaulted seminar
nual installments as a separate and
Independent mortgage; and whereas
no action or proceeding has been in
stituted at law or otherwise to re-
cover the debt secured by said mort
gage or any part thereof;
NOW, THEREFORE. NOTICE is
HEREBY GIVEN: That by virtue of
the power of sale contained in said
mortgage and pursuant to the sta
tutes in such cases made and provid-
ed, the said mortgage will De foreclos-
ed by a sale of the mortgaged premises
described in and conveyed by said
mortgage, viz: All that part of the
West Half of the Northwest Quarter
WkNWA) of Section Thirty Three
(33) lying south of the right of way
of the Minnesota Western Railway
Company, now known as the Chicago
& Northwestern Railway Company,
which right of way is particularly de
scribed in deed recorded in the office
of the Register of Deeds of said Coun-
ty in Book Al of Deeds on page PIG
also the Southwest Quarter (SWA
of said section, except that part there
of described as follows, to wit: be-
ginning at the northeast corner OF
said Southwest Quarter (SWA) of
said Section Thirty Three (33), thence
running west along the north line
of said Southwest Quarter (SWA)
to the Northwest corner of the East
Half of said Southwest Quarter (Eh.
SWA) thence running South along the
West line of said East Half of said
Southwest Quarter (EkSWA) for a
distance of One Hundred Thirty Two
132) feet; thence east and parallel
with the North line of said Southwest
Quarter (SWA) for distance of three
hundred and twenty (32O) feet. thence
at right angles north for a distance
of one hundred fifteen and $40 115.5)
feet, thence East and parallel with
the North line of said Southwest
Quarter (SWA) to the East line of
said (SWAD thence North along said
East line to the place of beginning, all
situated in Township One Hundred
Eleven Q1D North of Range Thir-
ty Five (35l, West, containing 1919
acres, more or less, according to the
Government Survey thereof, Redwood
County, Minnesota, with the heredita-
ments and appurtenances, which sale
will be made by the Sheriff of said
Redwood County, at the main front
door of the Court House in the City
of Redwood Falls, Redwood County,
Minnesota, on the LIST day of August,
1927, at 10 o'clock in the forenoon of
that day, at public vendue, to the
highest bidder for cash, to pay said
debt of One Thousand, Three Hun |
dred Sixty Six and 31-100 Dollars, and |
interest and taxes, if any, and Seven
ty Five Dollars (S75.O0) attorneys
fee and disbursements allowed by law,
subject to the installments of principle |
nd interest vet to become due on the |
mortgage and subject to redemption at |
any time within one year from the /
date of sale, as provided by law.
Dated this sth day of June, 1927.
SOUTHERN MINNESOTA
JOINT STOCK LAND BANK