The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1932-07-14
PAGE EIGHT
(June 30-July 21)

(June 3O-July 21)
United States of America
In the District Court of the United
States
For the District of Minnesota
Peoples Wayne County }
Bank, plaintiff } In Equity
Interstate Farm and } No. 2052
Mortgage Corporation,)
defendant }
NOTICE OF RECEIVERS SALE OF
REAL ESTATE
Notice is hereby given by the un-
dersigned, as Receivers for Interstate
Farm and Mortgage Corporation,
that pursuant to an order of the Dis
trict Court of the United States for
the District of Minnesota made and
entered on June 18th, 1882, said Re-
ceivers will sell at public auction at
the court house of Redwood County.
Minnesota, the parcel of real estate
in Redwood County, Minnesota, as
numbered and designated in said
order, described as follows:
Parcel No.3
The northeast quarter, and the
east half of the northwest quarter,
and the southwest quarter of the
northwest quarter of Section 10,
Township Ill north, Range 80
west of the Fifth Principal Meri-
dian.
Said parcel will be sold on the 28th
dav of July, 1882, at 1000 o'clock, A.
M, upon the following terms and
conditions:
A. Said parcel will be offered for
sale and sold to the highest bidder
therefor on the date of sale for sum
not less than the amount of the IN
paid principal Of the first mortgage
against said parcel, together with in
terest thereon to the date of the COM
pletion of the sale, and attorneys fees
as adjudged by said order of court
and costs of sale and any taxes and
or special assessments which may
have been paid by the holder of such
mortgage prior to the date of sale
and any operating deficit" as defined
in said order of June 18th, 1882.
B. Said parcel shall be sold for
cash or upon a down payment made
to the Receivers of not less than 1870
of the sale price either in cash or by
note secured to the satisfaction Of
the Receivers, which note shall ma
ture not later than August LIST, 1882,
and in case the entire purchase price
is not paid in cash at the time OF max
ing sale, the Receivers will enter into
a contract whereby the purchaser will
be obligated to make full payment OF
the balance of the purchase price in
cash on or before August LIST, 1882,
and such contract of sale shall be re-
ported to the court for approval.
C. Said parcel shall be sold subject
to the rights of the tenant or tenants
thereof but free from all liens except
taxes and special assessments.
D. The holder of any lien upon said
parcel may be a bidder at such sale
and if such holder shall be the sue
cessful bidder, he shall have the right
to have credited against the purchase
price such amount of the purchase
price as would be payable to him out
of the proceeds of such sale.
E. Upon the confirmation of the
sale by the court of such parcel and
upon full payment of the purchase
price therefor, the Receivers shall
execute deed for said real estate to
the purchaser, which deed shall vest
in the purchaser all the right, title,
and interest in and equity of redemp-
ton of said real estate so sold, free
of all liens except taxes and special
assessments and except the rights of
tenant or tenants thereof and free
from all right of redemption, and
shall be a perpetual bar both at law
and in equity to each and all of the
parties to this cause.
F. All bidders and prospective bid
ders are required to acquaint them
selves with the status of the record
in this cause, the terms and conditions
of the sale of said parcel as are more
particularly set forth in said order of
June 18th, 1882, the condition and
character of said real estate, the
amount of any upaid taxes and or
special assessments against the same,
and the rights of any tenants thereof.
The term "costs of sale," as used
herein, shall mean the cost of pub
fishing this notice.
JESSE E. ESCHBACH
JAY L. KNAPP
Receivers of Interstate Farm and
Mortgage Corporation
1929 East Wayne Street
Fort Wayne, Indiana.
Levinson, Becker, Gilbert, PEBBLES
& Swiren,
One North LaSalle Street, Chicago,