Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1927-10-06
NOTICE OF REAL ESTATE MORT
GAGE FORECLOSURE SALE

WHEREAS. Default has been made
by the mortgagors in the conditions ano
covenants of that certain mortgage
| bert L. Wallace and Olive L. Wallace
his wife. mortgagors. to the State OF
Minnesota. mortgagee, bearing date
with a power of sale therein contained
duly filed for record in the office OF
| the Register of Deeds in and for the
County OF Pine and state OF
therein tM9 in. Book % $50" of Mortgages. on on
page 333 thereof:
AND WHEREAS. Said default con-
to pay the semi-annual installments OF
| amortized principal and interest. each
amounting to Two Hundred Twenty
five Dollars (s225.OO.. WHICH ieh, became bee ne
October. 1926. and the goth day OF
April. 1927. in accordance with the
terms and conditions of said mortgage;
mortgaged premises for the year 1928
which taxes the State of Minnesota,
MORTGAGE. in default of said mortga-
day of May. 1925. to-wit: the sum OF
One Hundred Ninety-five Dollars and
ffty-three cents (s1s5.53). which de-
| fault has continued to this date;
AND WHEREAS. BY reason of said
| default. and pursuant to the terms and
authorized by law. the Department OF
Rural Credit. on behalf of the State
and holder of said mortgage. has ex-
ercised and does hereby exercise it's
option to declare. and hereby does de-
clare. the whole of the loan secured
able forthwith;
AND WHEREAS. There is actually
due and claimed to be due and payable
upon said mortgage. and the loan Sc
NV of t1o LOTT 81 hi
tice, by reason of said election, the sum
of Six Thousand Nine Hundred Twenty
seven Dollars and twenty-seven cents
($6.927.2O. unamortized principal, to-
gether with interest thereon from the
goth day of April. 1927. at the rate
of five and one-fourth per centum per
annum. and Four Hundred Fifty Dol
lars (S450.00) amortized principal and
interest. with interest on S225.O0 there
of from October Goth. 1926. at seven
per centum per annum. and interest on
at seven per centum per annum. in all
the sum of Seven Thousand Seven Hun.
dred Sixty-two Dollars and fifty-five
cents ($7.762.55). 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-
ceedlng having been instituted at law
or otherwise to recover the debt Sc
| cured by said mortgage or any part
thereof;
NOW. THEREFORE,. Notice is here
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.
mortgage, situate. lying and being in
the County of Pine and State of Min
neSota. tO-wit:
The East Half of the Northwest
SIafte Haf A of Of NWH a. and the
ter (Wh Of NED of Section Thir-
nine (ssss North: of Range Twenty
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
Village of Pine City. in said County
and State. on the 21st day 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
| including said taxes paid as aforesaid
and the taxes. if any. on said premises,
| 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 pepartment Of Rural Credit.
Attest: H. H. FLOWERS. Secretary
| DEPARTMENT SEAL)
Clifford L. Hilton. Attorney General.
Ludwig Gullickson.
Assistant Attorney General.
Attorneys for Mortgagee.
610 Hamm Building.
St. Paul. Minnesota.
| nof