Askov American., 1928-02-23
NOTICE OF REAL ESTATE MORT
GAGE FORECLOSURE SALE

WHEREAS. Default has been made
by the mortgagors IN the conuitlons
and covenants of that certain mortgage
Olson and Julia Olson, his wife. mort
gagors, to the State of Minnesota.
mortgagee. bearing date the 24th day
of November. 1924. and with 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 18th
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-
sists in the failure OF said mortSagorS
and seventy-tive 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 Gath day of Novem-
ber. 1926. and to pay the semi-annua
installments of amortized principal and
interest. each amounting to Ninety
three Dollars and seventy-fve cents
(S93.75). which became due and payable
on the oath day of May. 1927. and the
24th 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-tive
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
"a r.
ciSed and does hereby exercise its op-
| 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
of Two Thousand Nine Hundred Three
Dollars and eighty-nine cents (S2,903.-
so. unamortized principal. together
with interest thereon from the 24th
day of November. 1927. at the rate
of five and one-fourth per centum per
annum. and Two Hundred Thirty-fou u
Dollars and twenty-five cents (S234.25)
amOrtized principal and interest. with
interest on $46.75 thereof from Novem-
ber 24th. 1926. at seven per centum
per annum. interest on $93.75 thereof
from May 24th. 1927. at seven per cent
um per annum. and interest on $93.75
thereof from November oath. 1927. at
seven per centum per annum. in all the
sum of Three Thousand Two Hundred
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
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
pursuant to the statute in such case
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 NE14) and the
West Half of the southeast Quarter
(W1a of SEA) and the southwest
Quarter Of the Northeast Quarter
(sWA of NEA) of Section Six 90
Township Forty-five (+5) North. Range
Eighteen QS) West. containing 16O
acres. more or less. according to Gov
ernment survey thereof;
with the hereditaments and appur-
tenances. which sale will be made py
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
fy 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.
Mortgagee.
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.
610 Hamm Building.
st. Paul. Minnesota.
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