NOTICE OF FORECLOSURE SALE
Sale Date, Time, and Location
The real estate located at 2115 S. 3rd St., Niles, Michigan 49120 will be sold at a public sale to the highest bidder. The sale will occur on Thursday, July 13, 2017, at 10:00am at the Berrien County Courthouse, 811 Port St., St. Joseph, Michigan 49085.
Mortgage Information
The real estate is being sold because default has been made on the conditions of the mortgage on the real estate. The mortgage is dated May 11, 2007, and was given by SHAWN W REESE AND KYMBER L REESE, the mortgagee. The mortgage was recorded in the Berrien County, Michigan Register of Deeds on May 31, 2007.
Amount Due on Mortgage
As of May 12, 2017, the amount due under the mortgage is $138,411.75, which includes principal, unpaid interest, late fees, and attorney’s fees. This amount includes annual interest at 6.50% per year. The amount due under the mortgage will increase as additional interest, costs, expenses and attorney’s fees accrue on the mortgage.
Redemption Period and Liability of Damage
The period within which the mortgagor may redeem the real estate will be six months from the date of the foreclosure sale, unless it is determined to be abandoned in accordance with M.C.L. Section 600.3241a, in which case the redemption period will be 30 days from the date of the sale. If the property is sold at the foreclosure sale and damaged during the redemption period, the mortgagors will be liable to the buyer at the foreclosure sale or to the mortgage holder for the damage. (See M.C.L. Section 600.3278.)
Legal Description of Mortgaged Property
THAT PART OF THE SOUTHWEST QUARTER OF THE NORTHEAST QUARTER OF SECTION11, TOWN 8 SOUTH, RAGE 17 WEST, DESCRIBED AS FOLLOWS: COMMENCING 66.0 FEET NORTH OF THE CENTER OF SAID SECTION 11, THENCE NORTH 340.5 FEET; THENCE EAST 612.0 FEET TO THE WESTERLY RIGHT OF WAY LINE OF THE MICHIGAN CENTRAL RAILROAD, THENCE SOUTH, ALONG SAID RIGHT OF WAY, 345.0 FEET; THENCE WEST 607.0 FEET TO THE PLACE OF BEGINNING. EXCEPTING THEREFROM THE NORTH 2.8 ACRES THEREOF.
The real estate is also identified with Tax Parcel No. 11-14-011-0006-02-4.
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