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 GIVEN THAT:

•Default has occurred in the conditions of the following described mortgage:

DATE OF MORTGAGE:

Oct 03, 2007

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE:

$750,000.00

MORTGAGOR(S): Mons Lake Developers , Inc., Minnesota Corporation

MORTGAGEE: Sherburne State Bank

RECORD OWNER WITH NO FINANCIAL INTEREST:

DATE AND PLACE OF FILING: Oct 08, 2007, Todd County Registrar of Titles

ASSIGNMENTS OF MORTGAGE: None

LEGAL DESCRIPTION OF PROPERTY: Government Lots 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10, Block 1; Lots 1, 2 and 4, Block 2; Lots 1, 3, 4, 5, 6 and 7, Block 3, Waters Edge at Mons Lake, according to the plat thereof on file and of record in the offi ce of the Registrar of Titles, in and for Todd County, Minnesota.

AND

Lot 2, Block 1, Waters Edge at Mons Lake Second Addition, according to the recorded plat thereof on file and of record in the office of the Registrar of Titles, Todd County, Minnesota.

EXCEPT the following described parcel:

Beginning at the southwest corner of said Lot 1; thence North 00 degrees 00 minutes 00 seconds East, record bearing, along a westerly line of said Lot 1, a distance of 354.94 feet to a westerly corner of said Lot 1; thence South 19 degrees 08 minutes 30 seconds West, a distance of 71.97 feet; thence South 00 degrees 00 minutes 00 seconds West, a distance of 361.63 feet; thence North 78 degrees 15 minutes 37 seconds East, a distance of 384.85 feet, to the intersection of a line which bears North 89 degrees 24 minutes 47 seconds East from the point of beginning; thence South 89 degrees 24 minutes 47 seconds West, a distance of 353.22 feet to the point of beginning.

AND

Lot 3, Block 1, Waters Edge at Mons Lake Second Addition, according to the recorded plat thereof on file and of record with the Registrar of Titles, Todd County, Minnesota.

COUNTY IN WHICH PROPERTY IS LOCATED: Todd

THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THIS NOTICE: $749,481.55

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 Sherburne County as follows:

DATE AND TIME OF SALE:

Jul 29, 2010,

at 10:00 a.m.

PLACE OF SALE:

Todd County Sheriff’s Office 115 3rd St, Long Prairie, MN 56347

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 mortgagors, their personal representatives or assigns is six (6) months from the date of sale.

If the Mortgage is not reinstated under Minn. Stat. §580.30 or the property is not re-deemed under Minn. Stat. §580.23, the Mortgagor must vacate the property on or before 11:59 p.m. on Jan 29, 2011, or the next business day if Jan 29, 2011 falls on a Saturday, Sunday or legal holiday.

THE TIME AL- LOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR(S), 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.

PURSUANT TO THE FAIR DEBT COLLECTION PRACTICES ACT, YOU ARE ADVISED THAT THIS OFFICE IS DEEMED TO BE A DEBT COLLECTOR. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. THIS NOTICE IS REQUIRED BY THE PROVISIONS OF THE FAIR DEBT COLLECTION PRACTICES ACT AND DOES NOT IMPLY THAT WE ARE ATTEMPTING TO COLLECT MONEY FROM ANYONE WHO HAS DISCHARGED THE DEBT UNDER THE BANKRUPTCY LAWS OF THE UNITED STATES.

Date: June 2, 2010

BERRY LAW OFFICES By D. Scott Berry D. Scott Berry, 0307841 130 North Rum River Drive Princeton, Minnesota 55371 (763) 389-0178

NOTICE OF

MORTGAGE FORECLOSURE SALE

FORECLOSURE DATA

•Address of Mortgage Premises: XXXXX Flicker Road, Burtrum, MN 56318

•Name of Lender: Sherburne State Bank

•Tax Parcel Identification No of Premises: 06- 0112300; 06-0112400; 06-0112500; 06-0112600; 06-0112700; 06-011280; 06-0112900; 06-0113000; 06-0113100; 06-0113200; 06-0113300; 06-0113400; 06-0113600; 06-0113700; 06-0113900; 06-0114000; 06-0114100; 06-0114200; 06-0114300; 06-0114500; 06-0114600

•Name of mortgage originator: Sherburne State Bank

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