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3508 Park Ave Minneapolis, MN
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Ad Text
3508 Park Ave Minneapolis, MN

May 22, 2020

NOTICE OF MORTGAGE FORECLOSURE SALE ————— DATE: March 16, 2020 YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage: INFORMATION REGARDING MORTGAGE TO BE FORECLOSED 1. Date of Mortgage: May 2, 2014 2. Mortgagor: Mco. HOLDINGS, LTD., a Minnesota corporation 3. Mortgagee: Plaza I, Inc., a Minnesota corporation 4. Recording Information: Recorded on May 9, 2014, as Document No. A10076951 in the Office of the County Recorder for Hennepin County (the "Mortgage"). INFORMATION REGARDING MORTGAGED PREMISES 5. Tax parcel identification number of the mortgaged premises: 02-028-24-32-0005 6. Legal description of the mortgaged premises: That part of the Northwest ¼ of the Southwest ¼ of Section 2, Township 28, North, Range 24 West of the 4th Principal Meridian, described as follows: Beginning at a point on the Westerly line of Park Avenue in City of Minneapolis between 35th Street and 36th Street, marked by the Northeasterly corner of Block 1 of Worcester Park; thence Northerly along said Westerly line of Park Avenue 168 feet; thence Westerly and parallel with the Northerly boundary line of said Block 1 of Worcester Park, a distance of 116.88 feet to the actual point of beginning of the tract to be described; thence Easterly from said point of beginning on said last described line, a distance of 116.88 feet to the Westerly line of Park Avenue; thence Northerly on said Westerly line of Park Avenue a distance of 42 feet; thence Westerly on a line parallel with the Northerly boundary line of said Block 1 of Worcester Park, a distance of 116.89 feet; thence Southerly to said actually point of beginning, according to the U.S. Government Survey thereof. (Abstract Property) 7. The physical street address, city, and zip code of the mortgaged premises: 3508 Park Ave. So., Minneapolis, MN 55407 OTHER FORECLOSURE DATA 8. The person holding the Mortgage a) is not a transaction agent as defined in Minn. Stat. § 58.02, subd. 30; is not a mortgage residential mortgage servicer as defined in Minn. Stat. § 58.02, subd. 20; is the lender as defined in Minn. Stat. § 58.02, subd. 11; and is a residential mortgage originator as defined in Minn. Stat. § 58.02, subd 19. INFORMATION REGARDING FORECLOSURE 10. The requisites of Minn. Stat. 580.02 have been satisfied. 11. The original principal amount secured by the Mortgage, as modified, was $90,000.00. 12. At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $126,630.00. 13. Pursuant to the power of sale in the Mortgage, the Mortgage will be foreclosed, and the mortgaged premises will be sold by the Sheriff of Hennepin County, Minnesota, at public auction on April 28, 2020, at 10:00 a.m., at the Hennepin County Sheriff's Office, 350 South Fifth Street, Room 30, Minneapolis, MN 55415. 14. The time allowed by law for redemption by Mortgagor or Mortgagor's personal representatives or assigns is six months after the date of sale. 15. Minn. Stat. 580.04(b) provides, "If the real estate is an owner-occupied, single-family dwelling, the notice must also specify the date on or before which the mortgagor must vacate the property if the mortgage is not reinstated under section 580.30 or the property redeemed under section 580.23. The notice must state that the time to vacate the property is 11:59 p.m. on the specified date." If this statute applies, then the time to vacate the property is 11:59 p.m. on October 28, 2020. 16. 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. 17. Each holder of a junior lien may redeem in the order and manner provided in Minn. Stat. §580.24, beginning after the expiration of the mortgagor's redemption period under Minn. Stat. §580.23. 18. THIS COMMUNICATION IS FROM A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. 19. THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME ALLOWED BY LAW IS NOT AFFECTED BY THIS ACTION. Name and address of Attorney for Mortgagee: Timothy J. Prindiville PRINDIVILLE LAW, PA 1025 Grain Exchange South 400 South Fourth Street Minneapolis, MN 55415 Tel. 612-746-1043 (March 17, 24, 31, April 7, 14, 21, 2020) 11872711 ————— NOTICE OF POSTPONEMENT OF MORTGAGE FORECLOSURE SALE ————— Pursuant to the provisions of Minnesota Statutes 580.07, Subd. 1, the foregoing foreclosure sale has been postponed by the mortgagee until June 2, 2020 at 10:00 a.m. at the Hennepin County Sheriff’s Office, 350 South Fifth Street, Room 30, Minneapolis, MN 55415. The time allowed by law for redemption by Mortgagor or Mortgagor’s personal representatives or assigns is six months after the date of sale. Accordingly, if the sheriff's sale described immediately above is not further postponed, the mortgage is not reinstated under section 580.30, the property is not redeemed under section 580.23, or the redemption period is not reduced under section 582.032, then the time to vacate the property is 11:59 p.m. on December 2, 2020. Dated: April 7, 2020 Name and address of Attorney for Mortgagee: Timothy J. Prindiville PRINDIVILLE LAW, PA 1025 Grain Exchange South 400 South Fourth Street Minneapolis, MN 55415 Tel. 612-746-1043 (Apil 9, 2020) 11877415 ————— NOTICE OF SECOND POSTPONEMENT OF MORTGAGE FORECLOSURE SALE ————— Pursuant to the provisions of Minnesota Statutes 580.07, Subd. 1, the foregoing foreclosure sale had been previously postponed by the mortgagee until June 2, 2020 at 10:00 a.m. at the Hennepin County Sheriff’s Office, 350 South Fifth Street, Room 30, Minneapolis, MN 55415. Pursuant to the provisions of Minnesota Statutes 580.07, Subd. 1, the foregoing foreclosure sale has been further postponed by the mortgagee until a date not-yet-determined at the Hennepin County Sheriff’s Office, 350 South Fifth Street, Room 30, Minneapolis, MN 55415. Dated: May 20, 2020 Name and address of Attorney for Mortgagee: Timothy J. Prindiville PRINDIVILLE LAW, PA 1025 Grain Exchange South 400 South Fourth Street Minneapolis, MN 55415 Tel. 612-746-1043 (May 22, 2020) 11887673

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Ad # 23009753
The Daily Reporter has abstracted these listings from public notices submitted to us for publication, which we do not independently verify. Where we've been able to enhance listings with supplementary information, that information is unofficial and uncorroborated. For the official version of a public notice, consult the print edition. BridgeTower Media assumes no responsibility for any errors or omissions in these listings and makes no representations regarding their accuracy or reliability.