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NOTICE OF MORTGAGE FORECLOSURE SALE <br />NOTICE IS HEREBY GIVEN: That default has occurred in the <br />conditions of the following described mortgage: <br />DATE OF MORTGAGE: January 30, 1989 <br />ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $150,000.00 <br />MORTGAGOR: Peterson Maintenance Corporation, a Minnesota <br />corporation <br />MORTGAGEE: First Bank National Association <br />DATE AND PLACE OF RECORDING: Filed for registration <br />February 16, 1989, Ramsey County Registrar of Titles, and <br />memorialized upon Certificate of Title No. 341010 as Document No. <br />889690 <br />ASSIGNMENTS OF MORTGAGE: Assigned to Arthur J. Ryan, an <br />individual, under that Assignment Agreement between First Bank <br />National Association and Arthur J. Ryan dated November 30, 1993, <br />registered December 20, 1993, Document No. 1039065 <br />LEGAL DESCRIPTION OF PROPERTY: <br />Lot 3, Block 1, Ryan Industrial Park <br />(Registered Property) <br />COUNTY IN WHICH PROPERTY IS LOCATED: Ramsey <br />AMOUNT DUE AND CLAIMED TO BE DUE AS THE DATE OF NOTICE <br />INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $104,954.15 <br />THAT all pre - foreclosure requirements have been complied <br />with; that no action or proceeding has been instituted at law or <br />otherwise to recover the debt secured by said mortgage, or any <br />part thereof; <br />PURSUANT to the power of sale contained in said mortgage, <br />the above described property will be sold by the Sheriff of said <br />county as follows: <br />DATE AND TIME OF SALE: January 3, 1997, at 10:00 A.M. <br />PLACE OF SALE: Sheriff's Main Office, 14 West Kellogg <br />Boulevard, St. Paul, Minnesota to pay the debt secured by said <br />mortgage and taxes, if any, on said premises and the costs and <br />disbursements, including attorney's fees allowed by law, subject <br />to redemption within six months from the date of said sale by the <br />mortgagor, their personal representatives or assigns. <br />Dated: October 31, 1996 <br />ARTHUR J. RYAN <br />Assignee of Mortgagee <br />.11 /4 Las.s4/ <br />By <br />MICHAEL C. BLACK <br />Attorney for Assignee of Mortgagee <br />MICHAEL C. BLACK LAW OFFICE, Ltd. <br />265 West 7th Street <br />Suite 201 <br />St. Paul, Minnesota 55102 <br />(612) 222 -2587 <br />Attorney for Assignee of Mortgagee <br />Page 47 <br />