Bacon Foreclosure Notice

NOTICE OF MORTGAGE
FORECLOSURE SALE

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.

    NOTICE IS HEREBY GIVEN, that default has occurred in conditions of the following described mortgage:
    DATE OF MORTGAGE: June 12, 2003
    MORTGAGOR: Terrill W. Bacon and Kimberly K. Bacon, husband and wife.
    MORTGAGEE: Beneficial Loan & Thrift Co.
    DATE AND PLACE OF RECORDING: Recorded June 17, 2003 Wabasha County Recorder, Document No. 257238.
    ASSIGNMENTS OF MORTGAGE: Assigned to: LSF9 Master Participation Trust. Dated June 23, 2016 Recorded July 1, 2016, as Document No. A323767. And thereafter assigned to: Citibank, N.A., as trustee for CMLTI Asset Trust. Dated May 18, 2017 Recorded July 20, 2017, as Document No. 328024. And thereafter assigned to: Chimera Funding TRS LLC. Dated October 16, 2017 Recorded November 13, 2017, as Document No. 329256. And thereafter assigned to:  CIM Trust 2017-7. Dated August 17, 2018 Recorded August 31, 2018, as Document No. 332103 as corrected by Document Dated November 13, 2018 Recorded June 18, 2019 as Document No. 335052. And thereafter assigned to: U.S. Bank National Association, as indenture trustee, for the holders of the CIM Trust 2017-7, Mortgage-Backed Notes, Series 2017-7. Dated December 9, 2022 Recorded December 14, 2022, as Document No. 351282.     

    TRANSACTION AGENT: NONE
    TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE:  NONE
    LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE: Beneficial Loan & Thrift Co.
    RESIDENTIAL MORTGAGE SERVICER: Select Portfolio Servicing, Inc.
    MORTGAGED PROPERTY ADDRESS: 1021 South 6th Street, Lake City, MN 55041
    TAX PARCEL I.D. #:  22.00907.00
    LEGAL DESCRIPTION OF PROPERTY: LOTS 11 AND 12, BLOCK 106, IN THE CITY OF LAKE CITY, WABASHA COUNTY, MN
    COUNTY IN WHICH PROPERTY IS LOCATED: Wabasha
    ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $131,246.36
    AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $101,914.67
    That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements as required by statute; 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: February 22, 2023 at 10:00 AM
    PLACE OF SALE: Lobby of the Sheriff’s Main Office, 848 17th Street East, Wabasha, MN to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, including attorneys’ 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 unless reduced to Five (5) weeks under MN Stat. §580.07.

    TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on August 22, 2023, unless that date falls on a weekend  or legal holiday, in which case it is the next weekday, and unless the redemption period is reduced to 5 weeks under MN Stat. Secs. 580.07 or 582.032.

    MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE: None
“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: December 20, 2022

U.S. Bank National Association, as Trustee
Mortgagee/Assignee of Mortgagee

LIEBO, WEINGARDEN, DOBIE & BARBEE, P.L.L.P.
Attorneys for Mortgagee/
Assignee of Mortgagee
4500 Park Glen Road #300
Minneapolis, MN 55416
(952) 925-6888
38 - 22-006269 FC

IN THE EVENT REQUIRED BY FEDERAL LAW: THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

Published in the Lake City Graphic on January 5, 12, 19 & 26, 2023,
February 2 & 9, 2023