Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1927-09-15
NOTICE OF REAL ESTATE MORT
GAGE FORECLOSURE SALE

WHEREAS. Default has been made
by the mortgagors in the conditions and
covenants of that certain mortgage
duly executed and delivered by Her.
bert L. Wallace and Olive l.. Wallace.
his wife, mortgagors. to the State of
Minnesota. mortgages. bearing date
the Goth day of October. 1928, and.
with power of sale therein contained.
the Register of Deeds in and for the
County of Pine and State of Minnesota
on the 25th day of October. 1928. at
therein in Book $50" of Mortgages. on
AND WHEREAS. Said default con-
to pay the semi annual installments of
amOrtized principal and interest. each
amounting to Two Hundred Twenty
October. 1926. 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
mortgaged premises for the year 1928,
which taxes the State of Minnesota.
mortgagee. in default of said mortga-
day of May. 1925. to-wit: the sum of
One Hundred Ninety-tive Dollars and
fifty-three cents ($195.53). which de-
fa AND naS By ieis OF
default. and pursuant to the terms and
conditions of said mortgage and as
authorized by law, the Department of
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 it's
option to declare, and hereby does de-
clare, the whole of the loan secured
by said mortgage to be due and pay
| able forthwith;
due and claimed to be due and payable
upon said mortgage. and the loan Sc
cured thereby, at the date of this no.
tice. by reason of said election, the sum
of Six Thousand Nine Hundred Twenty
seven Dollars and tWenty-seven cents
($6,927.2O, unamortlZed principal. to-
gether with interest thereon from the
of five and one-fourth per centum per
annum. and Four Hundred Fifty. Dol.
| lars (S450.00) amortized principal and
interest. with interest on $225.O0 there
of from October Goth, 1926. at seven
per centum per annum. and interest on
$225.OO thereof from April goth. 1927.
the sum of Seven Thousand Seven Hun
dred SiXty-two Dollars and ffty-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;
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
Uses described in and conveyed by said
mortgage. situate. lying and being ill
the County of Pine and State of Min
neSOta. tO-Wlt:
The East Half of the Northwest
Quarter (Eh of NWA) and the
West Half of the Northeast Quar-
ter (Wh of NEA) of Section Thir-
ty-three 49, Township Thirty
nine (ssl North. of Range a;., Twenty 1yo
acres. more or less. according to the
Government survey thereof
with the Entertainments and appurten-
ances: which sale will be made by the the
front door of the Court House in 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 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 9TH. 1927.
STATE OF MINNESOTA. Mortgagee,
By Department of Rural Credit.
OLE o. SAGENG. Chairman.
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.
Sept. S.-Oct. 13)