Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1928-03-01
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 William
Olson and Julia Olson, his wife. mort
MORTGAGE. bearing date the Gath day
of November. 1924, and. 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 Minnesota, on the 2Sth
day of November. 1924. at eleven o'clock
A. M and duly recorded therein in
Book ga" of Mortgages. on page 121
thereof;
AND WHEREAS. Said default con-
siStS in the failure of said mortgagorS
and seventy-five cents (S46.75). being
the balance due and unpaid of the semi
annual installment of amortized prin-
cipal and interest which became due
and payable on the oath day of Novem-
Der. 1926. and to pay the semi annual
inStallmentS of amOrtized principal and
interest. each amounting to Ninety
three Dollars and seventy-tive cents
(S93.75), which became due and payable
on the oath day of May. 1927. and the
Oath day of November. 1927, in accord
ance with the terms and conditions of
said mortgage; and to keep the build
ings on said mortgaged premises in
sured as stipulated in and by the terms
of said mortgage, in default of which
the State of Minnesota. mortgage.
elected to and did on the 2Sth day of
April. 1927. pay the sum of Fifty-five
Dollars and eighty cents ($55.S0) to
effect such insurance. which default
has continued to this date;
AND WHEREAS, By reason of said
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 eXer-
cised and does hereby exercise it's op-
ton to declare. and hereby does de-
by said mortgage to be due and pay
able forthwith;
AND WHEREAS. There is actually
due and claimed to be due and payable
cured thereby. at the date of this no
tice. by reason of said election. the sum
of Two Thousand Nine Hundred Three
Dollars and eighty mine cents ($2.903.-
89). unamortZed principal, together
with interest thereon from the gath
day of November. 1927. at the rate
of 1--WE and one-fourth per centum per
annum and Two Hundred Thirty-four
Dollars and twenty-five cents (S234.25)
amortiZed principal and interest. with
interest on $46.75 thereof from Novem-
per annum. interest on $93.75 thereof
from May oath. 1927. at seven per cent
UNI per annum, and interest on $3.50
thereof from November oath. 1927, at
seven per centum per annum, in all the
sum of Three Thousand Two Hundred
Thirty-four Dollars and eighty-seven
cents ($3.234.S7), including the amount
paid for insurance as aforesaid: with
interest thereon at seven per cent
from said date of payment;
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. THEREFORE. Notice is here
by given, that by virtue of the power
of sale contained in SAID mortgage. and
made and provided, the said mortgage
will be foreclosed by a sale of the
premises described in and covered by
said mortgage. situate. lying and be-
ing in the County of Pine and State OF
Minnesota, to-wit:
The Southeast Quarter of the North
east Quarter SEA Of NE1A) and the
iWK of sEA) and the Southwest
Quarter of the Northeast Quarter
(SWA of NEA) of Section Six (6).
Township Forty-fve (45) North. Range
Eighteen QS) West. containing $50
acres, more or less, according to Gov
eminent survey thereof;
with the Entertainments and appur
tenanceS. which sale will be made by
the Sheriff of said Pine County. at the
front door of the Court House in The
Village of Pine City. in said County
and State. on the 18th day of March.
1928. at ten o'clock in the forenoon of
that day, at public vendue to the high
est bidder for cash, to pay and salts
fly the debt then due on said mortgage.
including said insurance paid as afore-
said. and the taxes, if any. on saIu
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 February LIST. 1928.
STATE OF MINNESOTA.
Mortgage.
By Department of Rural
Credit.
OLE o. SAGENG. Chairman.
Attest: H. H. FLOWERS.
Secretary.
DEPARTMENT SEAL)
G. A. Youngquist. Attorney General.
Ludwig GullickSon, Assistant
Attorney General.
Attorneys for Mortgagee.
61O Hamm Building,
ST. Paul, Minnesota.
(Feb. March 81