Mortgage Foreclosure
NOTICE OF MORTGAGE FORECLOSURE SALE Minn. Stat. 580.025, 580.04 Minnesota Uniform Conveyancing Blanks
Form 60.2.1 (2009)
DATE: June 4, 2025
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:
December 28, 2020
2.Mortgagors: Jacob K. Breamer, a single person and Nicole A.
Merchlewitz, a single
person, as joint tenants.
3.Mortgagees: Mortgage Electronic Registration Systems, Inc. (“MERS”), solely as nominee for Towne Mortgage
Company.
4.Recording Information:
Recorded on December 29, 2020, as Document Number T000079488, in the Office of the
Registrar of Titles of Steele County, Minnesota.
5. Assignments of
Mortgage, if any:
Assigned to Towne Mortgage Company DBA AmeriCU Mortgage by written assignment recorded on 12/07/2022, as Document Number T000082264, in the recording office stated in paragraph 4.
Further Assigned to Mortgage Electronic Registration Systems, Inc. (“MERS”), as nominee Towne Mortgage
Company by written assignment recorded on 07/13/2023, as Document Number T000082754, in the recording office stated in paragraph 4.
Further assigned to Towne Mortgage
Company d/b/a
AmeriCU Mortgage by written assignment recorded on 05/08/2025, as Document Number T000084650, in the recording office stated in paragraph 4.
INFORMATION
REGARDING
MORTGAGED
PREMISES
6.Tax parcel identification number of the mortgaged premises: 17-414-0107
7. Legal description of the mortgaged premises:
Lot 7, Block 1, Hilltop
Addition, Owatonna, Steele County, Minnesota.
Check here if all or part of the described real
property is Registered (Torrens)
8. The physical street address, city, and zip code of the mortgaged premises: 590 Kim Ln, Owatonna, MN 55060.
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(s) of the
residential mortgage servicer and the lender or broker, as defined in Minn. Stat. 58.02, is/are Towne Mortgage Company d/b/a AmeriCU Mortgage.
10. If stated on the Mortgage, the name of the mortgage
originator, as defined in Minn. Stat. 58.02, is Mortgage Electronic Registration Systems, Inc. (“MERS”), solely as
nominee for Towne
Mortgage Company.
INFORMATION
REGARDING
FORECLOSURE
11. The requisites of Minn. Stat. 580.02 have been satisfied.
12. The original
principal amount secured by the Mortgage was
$ 174,747.00.
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:
$176,496.31.
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 Steele County,
Minnesota, at public
auction on 08/14/2025, 10:00 AM, at County Sheriff`s Office, 2500
Alexander St SW,
Owatonna MN 55060.
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 11:59 p.m.
On 02/16/2026.
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.
Name of Mortgagee or Mortgage Assignee:
Towne Mortgage
Company d/b/a AmeriCU Mortgage
Name and address of Attorney for Mortgagee
or Mortgage
Assignee:
Schneiderman &
Sherman P.C. 8530 Eagle Point Blvd.
Suite 100
Lake Elmo, MN 55042
25-001489-1
6.11-7.16