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MORTGAGE SALE – Default has been made in the conditions of a mortgage made by Theadora E. Kella, an unmarried person, to Oceanmark Financial Corporation, a Delaware Corporation, Mortgagee, dated January 14, 1998 and recorded January 21, 1998 in Liber 1858, Page 932, Berrien County Records, Michigan. Said mortgage is now held by Wells Fargo Bank, N.A successor by merger to Wells Fargo Bank Minnesota, N.A., f/k/a/ Norwest Bank Minnesota, N.A., as Trustee for Southern Pacific Secured Assets
Corporation, Mortgage Loan Asset-Backed Pass-Through Certificates, Series 1998-1, by assignment. There is claimed to be due at the date hereof the sum of Forty Thousand One Hundred Nineteen and 68/100 Dollars ($40,119.68), including interest at 11.775% per annum. Under the power of sale contained in said mortgage and the statute in such case made and provided, notice is hereby given that said mortgage will be foreclosed by a sale of the mortgaged premises, or some part of them, at public vendue at the place of holding the circuit court within Berrien County, Michigan at 10:00 AM on JULY 27, 2017.
Said premises are located in the City of Niles, Berrien County Michigan, and are described as: That part of the North half of Section 35, Township 7 South, Range 17 West, described as follows: Commencing 191 feet West and 66 feet South of the Northwest corner of Lot 10, Plat of Riverview Addition, recorded December 17, 1914, in Volume 5 of Plats, Page 48, thence East 111 feet, thence South 60 feet, thence West 111 feet, thence North 60 feet to the place of beginning. The redemption period shall be 6 months from the date of such sale, unless determined abandoned in accordance with MCLA ยง600.3241a, in which case the redemption period shall be 30 days from the date
of such sale. TO ALL PURCHASERS: The foreclosing mortgagee can rescind the sale. In that event, your damages, if any, are limited solely to the return of the bid amount tendered at sale, plus interest. If the property is sold at foreclosure sale, pursuant to MCL 600.3278, the borrower will be held responsible to the person who buys the property at the mortgage foreclosure sale or to the mortgage holder for damage to the property during the redemption period.
Dated: June 29, 2017
Orlans PC
Attorneys for Servicer
P.O. Box 5041
Troy, MI 48007
File No. 17-007948
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