Notice of Cancellation of Contract for Deed - Renaux

NOTICE OF CANCELLATION OF CONTRACT FOR DEED

To:     Mr. Robert D. Renaux
    1008 7th Ave NW
    Rochester, MN 55901

YOU ARE NOTIFIED:

1. Default has occurred in the Contract for Deed (“Contract”) dated June 28, 1984, and filed for record July 12, 1984, as Document No. A-170165, and in Book 141 Page 942 in the Office of the County Recorder Wabasha County, Minnesota in which Boderick W. Adams and Rita Adams, husband and wife, and Roy Heise and Marie Heise, husband and wife, as Sellers, sold to Robert D. Renaux, as purchasers, the real property in Wabasha County, Minnesota, described as follows:

West of River of Southwest Quarter Southwest Quarter (SW 1⁄4 SW 1⁄4) in Section 16, Township 109 North, Range 13 West and being also described as that part of the Southwest Quarter of the Southwest Quarter of Section 16, Township 109 North, Range 13 West of the Zumbro River as it intersects said Southwest Quarter of the Southwest Quarter, Wabasha County, Minnesota.

2. The default is as follows:
Failure to pay the contract balance on or before January 1, 1986, with a current outstanding balance of $10,121.08

3. For contracts executed after August 1, 1976, and prior to August 1, 1985, the purchase price was $2,500 and the amount of the purchase price paid by purchaser is $300, which is 12.00% of the purchase price as calculated in the manner required by Minnesota Statures §559.21, subd. 1e.

4. The conditions contained in Minnesota Statutes §559.209 have been complied with or are not applicable.

5. THIS NOTICE IS TO INFORM YOU THAT BY THIS NOTICE THE SELLER HAS BEGUN PROCEEDINGS UNDER MINNESOTA STATUTES, SECTION 559.21, TO TERMINATE YOUR CONTRACT FOR THE PURCHASE OF YOUR PROPERTY FOR THE REASONS SPECIFIED IN THIS NOTICE. THE CONTRACT WILL TERMINATE 90 DAYS AFTER THE FIRST DATE OF PUBLICATION OF THIS NOTICE) UNLESS BEFORE THEN:

(A) THE PERSON AUTHORIZED IN THIS NOTICE TO RECEIVE PAYMENTS RECEIVES FROM YOU:
(1) THE AMOUNT THIS NOTICE SAYS YOU OWE; PLUS
(2) THE COST OF SERVICE (TO BE SENT TO YOU); PLUS
(3) $250.00 TO APPLY TO ATTORNEYS’ FEES ACTUALLY EXPENDED OR INCURRED; PLUS
(4) FOR CONTRACTS EXECUTED AFTER MAY 1, 1980, ANY ADDITIONAL PAYMENTS BECOMING DUE UNDER THE CONTRACT TO THE SELLER AFTER THIS NOTICE IS SERVED ON YOU; PLUS
(5) FOR CONTRACTS, OTHER THAN EARNEST MONEY CONTRACTS, PURCHASE AGREEMENTS, AND EXERCISED OPTIONS, EXECUTED ON OR AFTER AUGUST 1, 1985, (WHICH IS TWO PERCENT OF THE AMOUNT IN DEFAULT AT THE TIME OF SERVICE OTHER THAN THE FINAL BALLOON PAYMENT, ANY TAXES, ASSESSMENTS, MORTGAGES, OR PRIOR CONTRACTS THAT ARE ASSUMED BY YOU);  OR

(B) YOU SECURE FROM A COUNTY OR DISTRICT COURT AN ORDER THAT THE TERMINATION OF THE CONTRACT BE SUSPENDED UNTIL YOUR CLAIM OR DEFENSES ARE FINALLY DISPOSED OF BY TRIAL, HEARING OR SETTLEMENT.  YOUR ACTION MUST SPECIFICALLY STATE THOSE FACTS AND GROUNDS THAT DEMONSTRATE YOUR CLAIMS OR DEFENSES.

IF YOU DO NOT DO ONE OR THE OTHER OF THE ABOVE THINGS WITHIN THE TIME PERIOD SPECIFIED IN THIS NOTICE, YOUR CONTRACT WILL TERMINATE AT THE END OF THE PERIOD AND YOU WILL LOSE ALL THE MONEY YOU HAVE PAID ON THE CONTRACT;  YOU WILL LOSE YOUR RIGHT TO POSSESSION OF THE PROPERTY; YOU MAY LOSE YOUR RIGHT TO ASSERT ANY CLAIMS OR DEFENSES THAT YOU MIGHT HAVE; AND YOU WILL BE EVICTED.  IF YOU HAVE ANY QUESTIONS ABOUT THIS NOTICE, CONTACT AN ATTORNEY IMMEDIATELY.

6. The name, address and telephone number of the seller or of an attorney authorized by the seller to accept payments pursuant to this notice is:

Travis M. Ohly, Esq.
1850 N. Broadway
Rochester, MN 55906
Attorney for Seller

This person is authorized to receive the payments from you under this notice.

Published in the Lake City Graphic
on June 27, July 4 & July 11, 2024