The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1931-05-14

(April 16-May 21)
NOTICE OF MORTGAGE FORE
CLOSURE SALE.
Notice is hereby given that default
has been made in the conditions of
that certain real estate mortgage,
dated February 10th, 1926, made and
executed by George Olson and Mar
garet Olson, his wife, mortgagors, to
the First National Bank of Spring
field, Minnesota, corporation, NOR
tgagee, filed for record in the office
of the Register of Deeds in and for
Redwood County, Minnesota, on the
oath day of February, 1926, at 1
o'clock P. M. in Book 81 Of Mortgages
on page 447, which said mortgage
was thereafter and on the 18th day Of
September, 1929, duly assigned by an
instrument, in writing, by said First
National Bank Of Springfield, Mime
sofa, to the Farmers & Merchants
State Bank of Springfield, Minneso-
ia, which assignment was duly filed
for record in the office of the Regist-
er of Deeds, in and for Redwood
County, Minnesota, on April 9th,
1881, at 200 P. M. in Book 80 OF
Mortgages, on page 513 thereof,
which default consists in the failure
to pay the sum of $4,000, as princi-
pal, which became due on March LIST,
1927, and interest thereon from Feb
ruary 18th, 1926, according to the
conditions of that certain promissory
note dated February 18th, 1926, and
in the failure to pay the interest
thereon since said date, which said
principal with interest to the date
hereof amounts to the total sum of
$564.43;
And Whereas, said mortgage con-
tains the provision that if default be
made in the payment of the principal
or interest, or any part thereof, at
the time and in the manner specified
therein for the payment thereof, then
the mortgage, Or it's assignee, is
fully empowered and authorized to
declare the whole principal sum of
said mortgage to be due and pay
able and sell the premises therein
conveyed as by law required; and
whereas there is claimed to be due
and owing at the date hereof
the principal sum of $4,000, and in
terest at the rate of $50 per annum
from February 18th, 1926, to the date
hereof, together with the taxes, if
any, delinquent thereon, amounting
in all to the sum of $564.43; and no
action or proceedings at law or other
wise having been instituted to recov-
er the debt secured by said mortgage
or any part thereof.
NOW, THEREFORE, Notice is
hereby given that pursuant to the
Power of Sale in said mortgage con-
tanned and the statute in such case
made and provided, said mortgage
will be foreclosed by sale Of the
premises described therein lying and
being in Redwood County, Minnesota,
described as follows:
The one-eighth G-8) right, title
and interest in and to the
Northwest Quarter (NWA) of
Section Thirty three (33), and
the South Half (Sk) of the
Southwest Quarter (SWA) of
Section Twenty-eight (28), all in
Township One Hundred Ten
(110), North of Range Thirty
five (35), West of the Fifth
Principal Meridian containing
24O acres, more or less according
to the u. S. Government Survey
thereof.
together with all Entertainments and
appurtenances thereunto belonging,
which sale will be made by the Sher-
iff of Redwood County, Minnesota,
at the west front door Of the Court
House, in the City of Redwood Falls,
in the County of Redwood, Minneso-
ia, on Friday, the 29th day of May,
said day at public vendue to the high
est bidder for cash to pay and salts
fly the debt unpaid on said mortgage
and the taxes, if any, against said
premises, together with the costs and
disbursements of this proceedings, in
GLIDING an attorneys fee of $500,
stipulated to be paid in case of
foreclosure thereof, subject to re-
demption within one year from date
of sale, as provided by law.
Dated at Springfield, Minnesota,
April 10, 1881.
FARMERS & MERCHANTS STATE
BANK OF SPRINGFIELD, MIN
NESOTA. "a Corp.)
By AUGUST NIEMAN. President.
By F. E. PIESCHEL. Cashier.
Assignee of Mortgagee.
Corporate Seal)
Alexander Seifert,
Attorney for Assignee Of Mort
gage. 41-6ts.