The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1935-01-17
(Jan. 17-Feb. Ply
NOTICE OF MORTGAGE
FORECLOSURE SALE

Notice is hereby given that default
having occurred in the conditions OF
that certain mortgage dated Decem-
Der 9th, 1929, executed by John p.
Kagel and Katherine E. Kagel, his
wife, as mortgagors to the Spring
field Building and Loan Association,
corporation, as Mortgage, filed for
record in the office of the Register
of Deeds of Redwood County, Mime
sofa, on the 18th, day of December,
1929, at 2 o'clock P. NJ, and recorded
in Book 81 of Mortgages on page
353, which said default consists in
the failure to pay the sum of $1,000
as principal dues and the sum of
$500 as interest or a total sum of
$4,000 per month, which said sum be-
came due and payable on the first
Monday in July, August, September,
October, November and December OF
1884, and fines amounting to the sum
of $500, which became due and pay
able on January 1st., 1885; and
whereas said Mortgagors further de-
faulted in the payment of the real
estate taxes for the year 1888
amounting with penalty to the date
hereof in the sum of $113.39 which
said amount was paid and advanced
by the Mortgage, and whereas said
Mortgage was compelled and did
pay the further sum of 5000 insur-
ance premium for insurance upon
said premises under the conditions of
said mortgage, and whereas no part
of said principal and interest dues,
| fines, taxes and insurance has been
paid except as hereinafter, stated,
| and whereas the shares of stock upon
which said mortgage loan was made
! have been sold for non-payment OF
dues, and the proceeds applied to-
ward the payment of interest, prin-
| cipal dues, fines, taxes and insurance,
all as provided by the Bylaws of
/ said Mortgage, and default exists in
| the terms and conditions of said
mortgage by reason of the non-pay-
ment of said principal and interest
/ dues. fines, taxes and insurance, ana
bv reason of the sale of the SAID
shares of stock as hereinbefore stat
ed and,
Whereas. the said Springfield
Ruildinp and Loan Association, a
Corporation, the owner and holder OF
said mortgage, pursuant to its terms
and conditions and the power of sale
therein contained, has duly elected
and does hereby elect to declare the
whole principal sum of said mort
gage due and payable at the date OF
fh;s notice by reason of such default,
and,
Whereas, there is actually due and
is claimed to be due and payable al
the date of this notice on the afore-
said mortgage, the sum OF $2,23I:zo
principal and interest and lnciudine
the taxes and insurance paid and ad'
vanced by the mortgage as herein
before stated, and,
Whereas, the power of sale con
tanned in said mortgage has become
operative and no action or proceed
ing has been instituted at law OF
otherwise to recover the debt secur
ed by said mortgage or any par
thereof,
Now. Therefore, Notice is Hereby
Given, that by virtue of the powe
of sale contained in said mortgage
and pursuant to the statute in suci
case made and provided, said mort
, gage will be foreclosed by sale O.
the real property therein described
| to-wit;
! Lot No. S of Block No. 9 of the
Village of Clements, according
> to the Plat thereof on file and
of record in the office of the Re
|. gister of Deeds in and for Red
/ wood County, Minnesota.
which said sale will be made by tn
Sheriff of said County at the from
I door of the Court House in the Cit,
i of Redwood Falls, in said Count,
and State on Monday, the 4th., da,
of March, 1885, at Ten o'clock In tn
: forenoon of that day, at public ven
. due to the highest bidder for cash, t
; nav said debt of $2,237.26, with in
terest as hereinbefore stated, and tn
I taxes on said premises, if any, an
i $500 attorneys fee as stipulated i
and by said mortgage in case OF fore
I closure, and the disbursements allow
Il ed by law, subject to redemption q
any time within one year from tn
II date of sale as provided by law.
Y Dated January Is, 1885.
Il Springfield Building and Loan As
ISOLATION, A Corporation
By; ]. A. Rick, President an
II Arthur S. Birkemeyer, Secretary
corporate SeaD Mortgages
u VIM. B. Frank,
s Attorney for Mortgage,
It Springfield, MINI. 29-ots