The Redwood gazette., 1935-02-21
(Jan. 17-Feb. 21)
NOTICE OF MORTGAGE
FORECLOSURE SALE

Notice is hereby given that default
having occurred In the conditions of
that certain mortgage dated Decem-
ber 9th, 1929, executed by John p.
Kagel and Katherine E. Kagel, his
wife, as mortgagors to the Spring
field Building and Loan Association,
record in the Office Of the Register
of Deeds Of Redwood County, Mime
sofa, on the 18TH, day Of December,
in Book 81 Of Mortgages on page
353, which said default consists in
the failure to pay the sum Of $500
as principal dues and the sum Of
$500 as interest or total sum of
5000 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 Hortgagors 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, and
by reason of the sale Of the said
shares of stock as hereinbefore stat
ed, and,
Whereas, the said Springfield
Building and Loan Association, .
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
this notice by reason Of such default,
and,
Whereas, there is actually due and
is claimed to be due and payable at
the date of this notice on the afore-
h. -
principal and interest and including
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 or
otherwise to recover the debt secur-
ed by said mortgage or any part
thereof,
Now. Therefore, Notice is Hereby
Given, that by virtue of the power
of sale contained in said mortgage,
and pursuant to- the statute in such
case made and provided, said mort
gage will be foreclosed by . sale Of
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 win be made by the
Sheriff Of said County at the front
door Of the Court House in the City
Of Redwood Falls, in said County
and State on Monday, the 4th., day
Of March, 1885, at Ten o'clock IN the
forenoon Of that day, at public ven-
due to the highest bidder for cash, 10
pay said debt of $2237.26, with I'M
terest as hereinbefore stated, and the
taxes on said premises, II any, and
$500 attorneys fee as stipulated IN
and by said mortgage IN case Of fore
closure, and the disbursements allow
ed by law, subject to redemption ct
any time within one year from the
date Of sale Is provided by law.
Dated January Is. 1885.
Springfield Building and Loan As
sociation, A Corporation.
By; J. A. Rick. President and
Arthur s. Birkemeyer, Secretary.
corporate SeaO Nortgagee.
Wm. B. Frank,
Ateozney FER Hert1hgse,
SIging6e1d, MN. 2o-Oea.