Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1928-02-09
NOTICE OF REAL ESTATE MORT
GAGE FORECLOSURE SALE

| UAGE fOhESLOSthE SALC
| 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
gagors, to the State of Minnesota.
| mort gagee bearing date the Gath day
of sale therein contained. duly filed for
! record in the office of the Register of
Deeds in and TO: the County of Pine
and State of Minnesota. on the 2Sth
| day of November, 1924. at eleven o'clock
\. NJ, and duly recorded therein in
! Book "6i" 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-tive cents ($46.75). 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-
| Der, 1926. and to pay the semi-annual
installments of amortized principal and
interest. each amounting to Ninety
| three Dollars and Seventy-tfVe 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. mortgagee.
elected to and did on the 2Sth day of
April. 1927. pay the sum Of Fifty-tiv
Dollars and eighty cents Cs55.SO) 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 OK
Rural Credit, on behalf of the State Of
Minnesota ~
and holder of said mortgage, has eNer-
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 ($2.903.-
$50. unamortiZed principal. together
with interest thereon from the Gath
day of November. 1927. at the rate
of i've and one-fourth per centum per
annum, and Two Hundred Thirty-fouc
Dollars and twenty-five cents ($234.25)
amOrtiZed principal and interest. with
interest on S46.75 thereof from NOvem-
Der Gath. 1926. at seven per centum
from May Gath. 1927. at seven per cent
UNI per annum. and interest on S93.I5
thereof from November 24th. 1927. at
sum of Three Thousand Two Hundred
Thirty-fou 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
and is operative and no action or pro-
81 IA = nI n a
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
said mortgage. situate. lying and be-
ing in the County of Pine and State of
Minnesota to-WIt:
The Southeast Quarter Of the North
West Half of the Southeast Quarter
OWE of SEA) and the Southwest
Quarter of the Northeast Quarter
,&SWA of NE1D of Section Six co.,
Eighteen QS) West. containing 100
acres, more or less. according to Gov
eminent survey thereof;
| with the Entertainments and appur-
lendUcbS, WHICH SAFE Will DE llldu0 Dy
| 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 10th 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.
MortgaSee.
| 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.