READYCAP COMMERCIAL, LLC

Attorney File #: (N/A)
Notice ID: 1437944
First Publication Date: 6/24/2021
Number of Insertions: 4
Last Publication Date: 7/15/2021
County: Berrien

Begin Notice
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ATTENTION HOMEOWNER: IF YOU ARE A MILITARY SERVICE MEMBER ON ACTIVE DUTY, IF YOUR PERIOD OF ACTIVE DUTY HAS CONCLUDED LESS THAN 90 DAYS AGO, OR IF YOU HAVE BEEN ORDERED TO ACTIVE DUTY, PLEASE CONTACT THE ATTORNEY FOR THE PARTY FORECLOSING THE MORTGAGE AT THE TELEPHONE NUMBER STATED IN THIS NOTICE. NOTICE OF FORECLOSURE BY ADVERTISEMENT. Notice is given under section 3212 of the revised judicature act of 1961, 1961 PA 236, MCL 600.3212, that the following mortgage will be foreclosed by a sale of the mortgaged premises, or some part of them, at a public auction sale to the highest bidder for cash or cashier’s check at the place of holding the circuit court in Berrien County, starting promptly at 11:00 a.m. on July 23, 2021. The amount due on the mortgage may be greater on the day of the sale. Placing the highest bid at the sale does not automatically entitle the purchaser to free and clear ownership of the property. A potential purchaser is encouraged to contact the county register of deeds office or a title insurance company, either of which may charge a fee for this information. MORTGAGE SALE – Default having been made in the conditions of a certain mortgage made by Lakeland Medical Office Building, LLC, a California limited liability company (“Mortgagor”), to ReadyCap Commercial, LLC, a Delaware limited liability company (“Mortgagee”), dated August 21, 2019, and recorded on August 22, 2019, as Document 2019254101, in Liber 3247, Page 0907, Berrien County Records, Michigan, on which mortgage there is claimed to be due at the date hereof the sum of $1,296,142.64, and no suit or proceedings at law or in equity having been instituted to recover the debt secured by said mortgage or any part thereof. Now, therefore, by virtue of the power of sale contained in said mortgage and pursuant to the statute of the State of Michigan in such case made and provided, notice is hereby given that on Friday, July 23, 2021, at 11:00 a.m., in the second floor jury assembly room of the Circuit Court in St. Joseph, Berrien County, Michigan, said mortgage will be foreclosed by a sale at public auction, to the highest bidder, of the premises described in said mortgage, or so much thereof as may be necessary to pay the amount due, as aforesaid, on said mortgage, with the interest accruing on the principal due at the rate of 10.80 percent per annum, and all legal costs, charges and expenses, including the attorney fees allowed by law, and also any sum or sums which may be paid by the undersigned, necessary to protect its interest in the premises, which premises are described as follows: LOTS 25, 26, 27, 40, 41 AND THE NORTH 53.5 FEET OF LOT 42, O.P. LACEY’S ADDITION TO WEST NILES, ACCORDING TO THE PLAT THEREOF, RECORDED NOVEMBER 28, 1842, IN VOLUME “M” OF DEEDS, PAGE 49; ALSO LOTS 1, 2 AND 4, STROTHER M. BEESON’S SUBDIVISION OF BLOCK NO. 3 IN OBED P. LACEY’S PLAT TO THE VILLAGE OF WEST NILES, ACCORDING TO THE PLAT THEREOF, RECORDED AUGUST 18, 1857, IN VOLUME 4 OF DEEDS, PAGE 245, BERRIEN COUNTY RECORDS. EXCEPTING THEREFROM, THE NORTHERLY 5 FEET OF THE WESTERLY 58.74 FEET OF LOT 4, STROTHER M. BEESON’S SUBDIVISION OF BLOCK NO. 3, IN OBED P. LACEY’S PLAT OF WEST NILES, ACCORDING TO THE PLAT THEREOF RECORDED AUGUST 18, 1857, IN VOLUME 4 OF DEEDS, PAGE 245, BERRIEN COUNTY RECORDS. Commonly known as: 24 North St. Joseph Avenue, Niles, MI 49120 Parcel Number: 11-74-4540-0025-02-1 The period within which the above premises may be redeemed shall expire six (6) months from the date of sale. If the property is sold at foreclosure sale under Chapter 32 of the Revised Judicature Act of 1961, pursuant to MCL 600.3278, the mortgagor(s) will be held responsible to the person who buys the property at the foreclosure sale or to the mortgage holder for damaging the property during the redemption period. Dated: June ___, 2021 By: Attorneys for Mortgagee Foster Swift Collins & Smith PC Benjamin Price 313 South Washington Square Lansing, MI 48933-2193 (517) 371-8253 -and- Polsinelli PC Matt R. Moriarity 900 West 48th Place, Suite 900 Kansas City, Missouri 64112 (816) 753-1000

(06-24)(07-15)