Notice of intended use is hereby given NOTICE OF MORTGAGE FORECLOSURE SALE
NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage:
DATE OF MORTGAGE: August 23, 2019
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $119,790.00
MORTGAGOR(S): Benjamin W Storbeck, single man
MORTGAGEE: Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Lend Smart Mortgage, LLC, its successors and assigns
DATE AND PLACE OF RECORDING:
Recorded: August 23, 2019 Lake County Recorder
Document Number: A000192449
LOAN MODIFICATION:
Dated: September 24, 2021
Recorded: December 21, 2021
Document Number: A000199184
Dated: October 11, 2022
Recorded: December 16, 2022
Document Number: A000201613
ASSIGNMENTS OF MORTGAGE:
And assigned to: PennyMac Loan Services, LLC
Dated: November 17, 2021
Recorded: November 22, 2021 Lake County Recorder
Document Number: A000198987
Transaction Agent: Mortgage Electronic Registration Systems, Inc.
Transaction Agent Mortgage Identification Number: 1006919-1000059604-1
Lender/Broker/Mortgage Originator: Lend Smart Mortgage, LLC
Residential Mortgage Servicer: PennyMac Loan Services, LLC
COUNTY IN WHICH PROPERTY IS LOCATED: Lake
Property Address: 176 Mine Rd, Ely, MN 55731
Tax Parcel ID Number: 28-6311-30493
LEGAL DESCRIPTION OF PROPERTY: That part of the Northeast Quarter of the Southwest Quarter of Section 30, Township 63 North, Range 11 West of the Fourth Principal Meridian, Lake County, Minnesota, described as follows:
Assuming the East Line of said Northeast Quarter of the Southwest Quarter to bear South 00 degrees 52` 48” East and from the Northeast Corner of the Northeast Quarter of the Southwest Quarter, being also the Center of Section 30, run South 00 degrees 52` 48” East along said East Line, a distance of 1,381.00 feet to the Southeast Corner of the Northeast Quarter of the Southwest Quarter; thence South 87 degrees 04` 28” West along the South Line of the Northeast Quarter of the Southwest Quarter, a distance of 1,041.73 feet to the POINT OF BEGINNING.
Thence continue South 87 degrees 04` 28” West along said South Line a distance of 180.00 feet to the Southwest Corner of the Northeast Quarter of the Southwest Quarter;
thence North 00 degrees 19` 26” East, along the West Line of the Northeast Quarter of the Southwest Quarter, a distance of 760.38 feet;
thence South 77 degrees 27` 00” East, a distance of 124.48 feet;
thence South 75 degrees 15` 43” East, a distance of 345.49 feet;
thence South 16 degrees 45` 35” West, a distance of 191.06 feet;
thence South 26 degrees 24` 20” West, a distance of 506.09 feet to the POINT OF BEGINNING.
Said parcel contains 5.47 acres.
Together with a 33.00 foot wide easement for roadway purposes located in the Northeast Quarter of the Southwest Quarter, Section 30, Township 63 North, Range 11 West of the Fourth Principal Meridian, Lake County, Minnesota, the Centerline of which is described as follows:
Assuming the West Line of said Northeast Quarter of the Southwest Quarter to bear North 00 degrees 19` 26” East, and from the Southwest Corner of the Northeast Quarter of the Southwest Quarter, run North 00 degrees 19` 26” East along said West Line, a distance of 777.26 feet to the POINT OF BEGINNING of said Centerline.
Thence along said Centerline:
South 77 degrees 27` 00” East, a distance of 128.37 feet;
South 75 degrees 15` 43” East, a distance of 344.54 feet;
South 84 degrees 04` 30” East, a distance of 69.02 feet;
North 82 degrees 24` 05” East, a distance of 78.59 feet;
North 77 degrees 50` 48” East, a distance of 96.00 feet;
North 60 degrees 09` 44” East, a distance of 36.36 feet;
North 25 degrees 40` 26” East, a distance of 30.87 feet and there terminate.
Together with a 40.00 foot wide easement for utility purposes in the Northeast Quarter of the Southwest Quarter, Section 30, Township 63 North, Range 11 West of the Fourth Principal Meridian, Lake County, Minnesota, the centerline of which is described as follows:
Assuming the East Line of said Northeast Quarter of the Southwest Quarter to bear South 00 degrees 52` 48” East, and from the Northeast Corner of the Northeast Quarter of the Southwest Quarter run South 56 degrees 41` 19” West, a distance of 1,290.44 feet to the POINT OF BEGINNING of said Centerline.
Thence along said Centerline:
South 89 degrees 00` 35” East, a distance of 392.99 feet;
South 31 degrees 30` 53” West, a distance of 109.61 feet;
South 16 degrees 45` 35” West, a distance of 153.49 feet and there terminate.
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $93,921.86
THAT all pre-foreclosure requirements have been complied with; that no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof; that this is registered property;
PURSUANT to the power of sale contained in said mortgage, the above-described property will be sold by the Sheriff of said county as follows
DATE AND TIME OF SALE: January 18, 2024 at 10:00 AM
PLACE OF SALE: County Sheriff`s office, 613 Third Avenue, Two Harbors, Minnesota
to pay the debt secured by said mortgage and taxes, if any, on said premises and the costs and disbursements, including attorney fees allowed by law, subject to redemption within six (6) months from the date of said sale by the mortgagor(s), their personal representatives or assigns.
If the Mortgage is not reinstated under Minn. Stat. §580.30 or the property is not redeemed under Minn. Stat. §580.23, the Mortgagor must vacate the property on or before 11:59 p.m. on July 18, 2024, or the next business day if July 18, 2024 falls on a Saturday, Sunday or legal holiday.
Mortgagor(s) released from financial obligation: NONE
THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.
THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.
THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR’S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES, SECTION 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED.
DATED: November 21, 2023
MORTGAGEE: PennyMac Loan Services, LLC
Wilford, Geske & Cook, P.A.
Attorneys for Mortgagee
7616 Currell Boulevard, Suite 200
Woodbury, MN 55125
(651) 209-3300
File Number: 051238-F2
