-LEGAL ADVERTISEMENT- NOTICE OF MORTGAGE FORECLOSURE SALE YOU ARE NOTIFIED that default has occurred in the conditions of the following described Mortgage: INFORMATION REGARDING MORTGAGE TO BE FORECLOSED 1.

Published June 13, 2020 at 3:01 AM

-LEGAL ADVERTISEMENT-
NOTICE OF MORTGAGE FORECLOSURE SALE
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: February 24, 2016
2. Mortgagor: Tyberg Holding Company LLC
3. Mortgagee: Riverwood Bank
4. Recording Information: Recorded on February 25, 2016, as Document Number A000554345 in the office of the County Recorder of Beltrami County, Minnesota.
Said Mortgage was modified as follows:
Modification of Mortgage dated February 13, 2019, and recorded on March 7, 2019, as Document Number A000578774 in the office of the County Recorder of Beltrami County, Minnesota.
5. Assignments of Mortgage, if any: None.
INFORMATION REGARDING MORTGAGED PREMISES
6. Tax parcel identification number of the mortgaged premises: 80.05144.00
7. Legal description of the mortgaged premises:
Lot 11, Block 5, Bemidji Technology Park
8. The physical street address, city, and zip code of the mortgaged premises: 4228 Power Dr. SW, Bemidji, MN 56601
OTHER FORECLOSURE DATA
9. The person holding the Mortgage IS NOT a transaction agent, as defined by Minn. Stat. 58.02, subd. 30. The name of the residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is Riverwood Bank.
10. If stated on the Mortgage, the name of the mortgage originator, as defined in Minn. Stat. 58.02, is Riverwood Bank.
INFORMATION REGARDING FORECLOSURE
11. The requisites of Minn. Stat. 580.02 have been satisfied.
12. The original principal amount secured by the Mortgage was $280,000.00.
13. At the date of this notice the amount due on the Mortgage, including taxes, if any, paid by the holder of the Mortgage, is: $252,583.13.
14. 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 Beltrami County, Minnesota, at public auction on July 28, 2020, at 10:00 a.m. at the Beltrami County Sheriff's Department, 613 Minnesota Avenue NW, Bemidji, Minnesota.
15. The time allowed by law for redemption by Mortgagor or Mortgagor's personal representatives or assigns is six (6) months after the date of sale.
16. 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.” If this statute applies, the time to vacate the property is: NOT APPLICABLE
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.
Borden, Steinbauer, Krueger & Knudson, P.A.
Charles P. Steinbauer, Atty. ID#10484X Attorney for Mortgagee 302 South Sixth Street P.O. Box 411 Brainerd, MN 56401 (218) 829-1451 cpsteinbauer@brainerdlaw.com
Name and address of Attorney for Mortgagee or Mortgage Assignee
Name of Mortgagee or Mortgage Assignee:
Riverwood Bank
Charles P. Steinbauer, Atty. ID#10484X BORDEN, STEINBAUER, KRUEGER & KNUDSON, P.A. 302 South Sixth Street P.O. Box 411 Brainerd, MN 56401 (218) 829-1451 File #32049
6 da: 6/13,20,27,7/4,11,18