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


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
n. 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 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 cath day of Novem-
Der. 1925, and to pay the Semi-annual
installments of amortized principal and
interest, each amounting to Ninety
three Dollars and seventy-five 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
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
4,
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-
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.-
S9. 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 fouG
Dollars and twenty-five cents ($234.25)
amortized principal and interest, with
interest on $46.75 thereof from Novem-
Der 24th. 1926. at seven per centum
per annum. interest on $93.75 thereof
UNI per annum. and interest on 1897
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;
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
premises described in and covered by
said mortgage, situate, lying and be-
ing in the County of Pine and State OF
Minnesota, tO-Wit:
east Quarter SEA of NEA) and the
West Half of the Southeast Quarter
CW1s of SE4) and the southwest
9Harter of Ir the Northeast rdnea 9uarter
Township Forty-five (45) North. Range
Eighteen QO West, containing 100
acres. more or less, according to Gov
eminent survey thereof:
with the Entertainments and appur-
tenanceS, which sale will be made ny
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 LIST, 1928.
STATE OF MINNESOTA.
Mortgage.
By Department of Rural
Credit.
OLE Q. SAGENG. Chairman,
Attest: H. H. FLOWERS,
Secretary.
DEPARTMENT SEAL)
G. n. YOun gquist. Attorney General.
Ludwig GullickSon. Assistant
Attorney General.
Attorneys for Mort gage.
610 Hamm Building.
st. Paul. Minnesota.
(Feb. 2-Marcli s.