Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1928-03-08
NOTICE OF REAL ESTATE MORT
GAGE FORECLOSURE SALE

WHEREAS. Default has been made
by the mortgagors in the conditlons
and covenants of that certain mortgage
duly executed and delivered by William
Olson and Julia Olson, his wife. mort
gagors to the State of Minnesota.
MORTGAGE. bearing date the 24th day
of November. 1924. and. with power
of sale therein contained. duly fled Tor
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. NJ. and duly recorded therein in
Book "64" of Mortgages. on page III
thereof;
AND WHEREAS. Said default con-
SStS in the failure of said mortgagorS
to pay. the sum of Forty-six Dollars
and seventy-five cents ($46.75). being
the balance due and unpaid of the SEMI
annual inStallment of amortiZed prln-
cipal and interest which became due
and payable on the oath day of Noveni-
inStallmentS of amOrtized principal ana
interest. each amounting to Ninety
three Dollars and seventy-tive cents
($93.75). 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 or
said mortgage; and to keep the build
ingS on said mortgaged premises in
sured assstipulated in and by the terms
of said mortgage. in default of which
the State of Minnesota. mortgagee.
elected to and did on the 2Sth day of
April. 1927, pay the sum Of Fifty-hve
Dollars and eighty cents ($55.S0) to
effect such insurance, which default
has continued to this date;
AND WHEREAS. By reason of sad
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-
tf.iS nd g
ton 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.
tice. by reason of said election, the sum
Dollars and eighty-nine cents ($2.90S.-
so. unamortiZed principal. together
with interest thereon from the 24th
day of November. 1927. at the rate
annum. and Two Hundred Thirty fou :
Dollars and twenty-five cents ($2S4.25)
amortiZed principal and interest, with
interest on S46.75 thereof from Novem-
Der Gath. 1926. at seven per centum
per annum. interest on S93.75 thereon
from May oath. 1927. at seven per cent
UNI per annum, and interest on S93. D
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 (S3.234.SO, 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
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
pursuant to the statute in such case
made and provided, the said mortgage
will be foreclosed by 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-W1t:
The Southeast Quarter Of the North
east east Quarter (s tI OF NE and the
quarter of the Northeast Quarter
(SWA of NEA) of Section Six 90.
Township Forty-five (45) North. Range
Eighteen QS) West, containing 100
acres. more or less. according to Gov
eminent survey thereof;
with the hereditaments and appur-
tenanceS. which sale will be made Dy
the Shef111 OF sara zine 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 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 February 1st. 1928.
STATE OF MINNESOTA.
Mortgage.
By Department of Rural
Credit.