ADVERTISEMENT

(Published in the Brainerd Dispatch, July 29, August 5, 12, 19, 26, September 2, 2020, 6t.

(Published in the Brainerd Dispatch, July 29, August 5, 12, 19, 26, September 2, 2020, 6t.)
PUBLIC 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 the conditions of the following described mortgage: DATE OF MORTGAGE: May 15, 2019 ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $682,500.00 MORTGAGOR(S): Sagi Properties LLC MORTGAGEE: LendTerra Inc. DATE AND PLACE OF FILING: Crow Wing County Minnesota, Recorder, on June 5, 2019, as Document No. A918435. ASSIGNED TO: American Mortgage Fund 1, LLC by an Assignment of Mortgage dated 04/22/2020 and recorded on 06/29/2020 as Document No. 934388. LEGAL DESCRIPTION OF PROPERTY: Lot 2, Block 1, Nor-Son Office Park PROPERTY ADDRESS: 14391 Edgewood Drive, Baxter, MN 56425 PROPERTY I.D: 40060782 COUNTY IN WHICH PROPERTY IS LOCATED: Crow Wing THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: Nine Hundred Seventy-Four Thousand Three Hundred One and 72/100 ($974,301.72) THAT no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or applicable statutes; 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: 10:00AM on September 22, 2020 PLACE OF SALE: Sheriff`s Main Office, Law Enforcement Center, 304 Laurel St., Brainerd, MN 56401 to pay the debt then secured by said mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law. The time allowed by law for redemption by said mortgagor(s), their personal representatives or assigns is 6.00 months from the date of sale. If Mortgage is not reinstated under Minn. Stat. Section580.30 or the property is not redeemed under Minn. Stat. Section580.23, the Mortgagor must vacate the property on or before 11:59 p.m. on March 22, 2021, or the next business day if March 22, 2021 falls on a Saturday, Sunday or legal holiday. Dated: July 29, 2020 American Mortgage Fund 1, LLC Randall S. Miller and Associates, PLLC Attorneys for Assignee of Mortgage/Mortgagee Edinburgh Executive Office Center, 8525 Edinbrook Crossing North Suite #210 Brooklyn Park, MN 55443 Phone: 952-232-0052 Our File No. 20MN00080-2 A-4725570 07/29/2020, 08/05/2020, 08/12/2020, 08/19/2020, 08/26/2020, 09/02/2020