NOTICE OF MORTGAGE FORECLOSURE SALE, Horton

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: 05/04/2006

MORTGAGOR(S): Dale A. Horton, a single person.

MORTGAGEE: Mortgage Electronic Registration Systems, Inc. as nominee for BNC Mortgage, Inc

SERVICER: Chase Home Finance, LLC

MORTGAGE ID #: 100122200002536024

DATE AND PLACE OF RECORDING: Recorded May 11, 2006, Koochiching County Recorder, Document No. A000255853.

ASSIGNMENTS OF MORTGAGE: Assigned to: U.S. Bank National Association, trustee for Lehman Brothers-Structured Asset Investment Loan Trust Dated:November 14, 2006, Recorded November 22, 2006, Koochiching County Recorder, Document No. A000257865.

LEGAL DESCRIPTION OF PROPERTY: The NW 1/4 SE 1/4 SE 1/4 EXCEPT the West 330 feet thereof; AND The North 10 rods of the W 1/2 S1/2 SE 1/4 SE 1/4 EXCEPT the West 330 feet thereof; AND The W 1/2 NE 1/4 SE 1/4 SE 1/4; All in Section 9, Township 70 North, Range 24, West of the 4th Principal Meridian, Koochiching County, Minnesota.

TAX PARCEL NO.: 2100944200

ADDRESS OF PROPERTY:
4120 Town Road #214
International Falls, MN 56649

COUNTY IN WHICH PROPERTY IS LOCATED: Koochiching

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $94,350.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $109,461.50

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: Tuesday, October 07, 2008, 10:00 a.m.

PLACE OF SALE: Sheriff's Office, City of International Falls

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 1 year from the date of said sale by the mortgagor(s), their personal representatives or assigns.

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: August 04, 2008

U.S. Bank National Association, trustee for Lehman Brothers-Structured Asset Investment Loan Trust
Assignee of Mortgagee

Peterson, Fram & Bergman, P.A.
By: Michael T. Oberle
Attorneys for:
U.S. Bank National Association, trustee for Lehman Brothers-Structured Asset Investment Loan Trust
Assignee of Mortgagee
55 E. 5th St., Suite 800
St. Paul, MN 55101
(651) 291-8955

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

16309-080540

The Daily Journal
August 22, 29, September 5, 12, 19 & 26, 2008