NOTICE IS HEREBY GIVEN that default has occurred in the conditions of the following described mortgage:
DATE OF MORTGAGE: June 9, 2023
ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $102,400.00
MORTGAGOR(S): Joshua N Paulson, a single person
MORTGAGEE: North Shore Federal Credit Union
DATE AND PLACE OF RECORDING:
Recorded: June 16, 2023 Lake County Registrar of Titles
Document Number: T000049733
ASSIGNMENTS OF MORTGAGE:
And assigned to: Mortgage Electronic Registration Systems, Inc.
Dated: June 9, 2023
Recorded: June 16, 2023 Lake County Registrar of Titles
Document Number: T000049734
And assigned to: Iowa Bankers Mortgage Corporation
Dated: May 19, 2025
Recorded: June 3, 2025 Lake County Registrar of Titles
Document Number: T000051271
Transaction Agent: Not Applicable
Transaction Agent Mortgage Identification Number: Not Applicable
Lender/Broker/Mortgage Originator: North Shore Federal Credit Union
Residential Mortgage Servicer: Iowa Bankers Mortgage Corporation
REGISTERED LAND, CERTIFICATE OF TITLE NUMBER: C000021838
COUNTY IN WHICH PROPERTY IS LOCATED: Lake
Property Address: 83 Burk Drive, Silver Bay, MN 55614
Tax Parcel ID Number: 22-7450-07210
LEGAL DESCRIPTION OF PROPERTY: Lot Twenty-One (21), Block Seven (7), Silver Bay, Second Division, according to the Plat thereof on file and of record in the office of the Registrar of Titles of Lake County, Minnesota
AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE: $121,793.62
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;
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: August 14, 2025 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 February 16, 2026, or the next business day if February 16, 2026 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: June 20, 2025
MORTGAGEE: Iowa Bankers Mortgage Corporation
Wilford, Geske & Cook, P.A.
Attorneys for Mortgagee
7616 Currell Boulevard, Suite 200
Woodbury, MN 55125
(651) 209-3300
File Number: 056436-F1
