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APPOINTED RECEIVER Roy A. Nelson to Direct Minnesota Stock Land Bank. Roy A. Nelson of Minneapolis yesterday was appointed receiver of the Southern Minnesota Joint Stock Land Bank at Minneapolis, it was announced by Paul Bestor, farm loan commissioner.
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Farm Loan Bank in Hands of Receiver Minneapolis, May 3.-(P)-Failure of the Southern Minnesota Joint Stock Land Bank of Minneapolis to pay $530,000 bond interest due May 1 sent that farm mortgage institution into receivership Monday by action of its directors. The land bank has assets of $22,700,000. It has outstanding $21,038,700 in bonds, issued with farm mortgages as security. The loans are on farms in Minnesota and South Dakota. Roy A. Nelson, vice president and general manager, was appointed receiver by the Federal Farm Loan board.
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NOTICE OF MORTGAGE FORECLOSURE SALE. Whereas, default has been made in the conditions of that certain mortgage made, executed and delivered by Laura A. Delong and Jacob F. Delong, her husband, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Redwood Falls, a body corporate, of the City of Redwood Falls, Redwood County, Minnesota, mortgagee (now Southern Minnesota Joint Stock Land Bank of Minneapolis, of the City of Minneapolis, Hennepin County, Minnesota), bearing date the 1st day of March, 1922 and with a power of sale therein contained and duly filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota, on the 21st day of March, 1922 at 8:10 o'clock A. M. and duly recorded in Book "76" of Mortgages on page 344, which said default consists in the failure of said mortgagors to pay a balance of Twelve and 28-100 Dollars ($12.28) due on the semi-annual installment of principal and interest payable March 1, 1931 and two semi-annual installments of principal and interest of Two Hundred Eighty Dollars ($280.00) each which became due September 1, 1931 and March 1, 1932, respectively, with interest on each of said defaulted installments, which said interest amounts to Forty-seven and 35-100 Dollars ($47.35) at the date of this notice, and in the failure to keep the buildings on said premises insured and that on April 9, 1932, said mortgagee paid an insurance premium of Six and 30-100 Dollars ($6.30) which amount is due the holder of the mortgage herein, making a total of installments and interest and insurance premium of Six Hundred Twenty-five and 93-100 Dollars ($625.93). And whereas no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas the undersigned, as holder of said mortgage, has duly elected and does hereby elect to declare the whole principal sum of said mortgage remaining unpaid on the 1st day of March, 1932 of Six Thousand Nine Hundred Twenty-five and 19-100 Dolars ($6,925.19) with interest thereon from said date to the date of this notice amounting to One Hundred Fifty-five and 84-100 Dollars ($155.84) due and payable in addition to the above sum of Six Hundred Twenty-five and 93-100 Dollars ($625.93) all under the terms and conditions of said mortgage and the power of sale therein contained; and whereas there is actually due and claimed to be due and payable at the date of this notice upon the aforesaid mortgage the sum of Seven Thousand Seven Hundred Six and 96-100 Dollars ($7,706.96) and the power of sale therein contained has become operative. NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale contained in said mortgage and pursuant to the statute in such case made and provided, the said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: The Northwest Quarter (NW½) of Section Twenty-eight (28), Township One Hundred Ten (110), Range Thirty-seven (37), containing 160 acres, more or less, according to Government Survey thereof, Redwood County, Minnesota, with the hereditaments and appurtenances, which sale will be made by the Sheriff of said Redwood County at the main front door of the court house in the City of Redwood Falls, in said Redwood County, Minnesota, on the 6th day of September, 1932 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay said debt of Seven Thousand Seven Hundred Six and 96-100 Dollars ($7,706.96) and interest and taxes, if any, on said premises and disbursements allowed by law, subject to redemption at any time within one year from the date of sale as provided by law. Dated July 15, 1932. ROY A. NELSON, RECEIVER OF SOUTHERN MINNESOTA JOINT STOCK LAND BANK OF MINNEAPOLIS, Holder of said Mortgage. J. M. Woodworth Attorney for Holder of said Mortgage 454 McKnight Building 3-6t. Minneapolis, Minnesota. GOVERNOR OLSON GIVEN AIR REPORT ON STORM
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(Jan. 26-Mar. 2) NOTICE OF MORTGAGE FORECLOSURE SALE. Default having occurred in the conditions of that certain mortgage made by Grant E. Adsit and Lizzie Adsit, his wife, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Redwood Falls (now Southern Minnesota Joint Stock Land Bank of Minneapolis), a Federal corporation, mortgagee, dated February 1, 1923 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on February 6, 1923 at 2:10 o'clock P. M., and recorded in Book "88" of Mortgages on page 37, by which default the power of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice, as principal, amortization installments and interest, the sum of Two Thousand Two Hundred Seventy-one and 70/100 Dollars ($2,271.70). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: A tract of land in the West Half of the Southwest Quarter (W½ SW1/4) of Section Fifteen (15), Township One Hundred Thirteen (113) North, Range Thirty-seven (37), described as follows: Commencing one (1) rod South (S) from the Northwest Corner (NW) of Southwest Quarter (SW1/4) of Section Fifteen (15), Township One Hundred Thirteen (113), Range Thirty-seven (37), running thence East (E) parallel with North (N) line of said Quarter Fifty-eight (58) rods, thence South one hundred ten and ten twenty-ninths (110 10/29) rods, thence West (W) fifty-eight (58) rods, thence North (N) one hundred ten and ten twenty-ninths (110 10/29) rods, to the place of beginning, containing 40 acres, more or less, according to Government survey thereof, Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the court house in the City of Redwood Falls, Redwood County, Minnesota, on March 13, 1933 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated January 24, 1933. ROY A. NELSON, AS RECEIVER OF SOUTHERN MINNESOTA JOINT STOCK LAND BANK OF MINNEAPOLIS, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage, 454 McKnight Building, 30-6t. Minneapolis, Minnesota.
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(Feb. 2-Mar. 9) NOTICE OF MORTGAGE FORECLOSURE SALE. Default having occurred in the conditions of that certain mortgage made by A. J. Praxel and Katherine Praxel, his wife, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Redwood Falls (now Southern Minnesota Joint Stock Land Bank of Minneapolis) a Federal corporation, mortgagee, dated September 1, 1922 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on September 9, 1922 at 4:00 o'clock P. M., and recorded in Book "76" of Mortgages on page 411, by which default the power of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice as principal, amortization installments and interest, the sum of Three Thousand Seven Hundred Sixty-eight and 95-100 Dollars ($3,768.95). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: Southeast Quarter (SE%) of Section Twenty-four (24), Township One Hundred Twelve (112), Range Thirty-eight (38), containing 160 acres, more or less, according to Government Survey thereof, Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the court house in the City of Redwood Falls, Redwood County, Minnesota on March 20, 1933 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated February 1, 1933. ROY A. NELSON, AS RECEIVER OF SOUTHERN MINNESOTA JOINT STOCK LAND BANK OF MINNEAPOLIS, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage, 454 McKnight Building, 31-6t. Minneapolis, Minnesota. We admire the horny hand of toil,
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(Feb. 23-March 30) NOTICE OF MORTGAGE FORECLOSURE SALE. Default having occurred in the conditions of that certain mortgage made by Arthur G. Marks and Alice Marks, his wife, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Minneapolis, a Federal corporation, mortgagee, dated March 1, 1929 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on March 28, 1929 at 9:15 o'clock A. M., and recorded in Book "83" of Mortgages on page 189, by which default the power of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice as principal and interest, the sum of Three Thousand Five Hundred Seventy-seven and 60-100 Dollars ($3,577.60). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: The Southwest Fractional Quarter of Section Nineteen (19), Township One Hundred Twelve (112), Range Thirtynine (39), Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the Court House in the City of Redwood Falls, Redwood county, Minnesota, on April 10, 1933 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated February 20, 1933. ROY A. NELSON, AS RECEIVER OF SOUTHERN MINNESOTA JOINT STOCK LAND BANK OF MINNEAPOLIS, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage 454 McKnight Building, Minneapolis, Minnesota. 34-6ts.
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(May 25-June 29) NOTICE OF MORTGAGE FORECLOSURE SALE Default having occurred in the conditions of that certain mortgage made by John M. Whitcomb and Cornelia E. Whitcomb, his wife, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Redwood Falls (now Southern Minnesota Joint Stock Land Bank of Minneapolis), a body corporate, created and empowered by the Congress of the United States, mortgagee, dated September 23, 1922 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on September 26, 1922 at 9:30 o'clock A. M., and recorded in Book "76" of Mortgages on page 421, by which default the power of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice as principal, amortization installments and interest, the sum of Eleven Thousand Six Hundred Ninety-one and 42/100 Dollars ($11,691.42). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: The North Half of the Southeast Quarter (N½ SE1/4), the South Half of the Northeast Quarter (S½ NE 1/4), and the Northeast Quarter of the Northeast Quarter (NE½ NE 1/4), less right of way of Section Three (3), Township One Hundred Ten (110), Range Thirty-four (34), containing 195.36 acres, more or less, according to Government Survey thereof, Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the court house in the City of Redwood Falls, Redwood County, Minnesota, on July 10, 1933 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated May 22, 1933. ROY A. NELSON, as Receiver of Southern Minnesota Joint Stock Land Bank of Minneapolis, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage 114 South Ninth Street, 47-6ts. Minneapolis, Minnesota.
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(June 22-July 27) NOTICE OF MORTGAGE FORECLOSURE SALE Default having occurred in the conditions of that certain mortgage made by Duncan R. McCorquodale, a widower, as mortgagor, to Southern Minnesota Joint Stock Land Bank of Redwood Falls (now Southern Minnesota Joint Stock Land Bank of Minneapolis), a body corporate, created and empowered by the Congress of the United States, mortgagee, dated March 1. 1922 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on March 1, 1922 at 11:05 o'clock A. M., and recorded in Book "83" of Mortgages on page 474, by which default the power of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice as principal, amortization installments and interest, the sum of Three Thousand One Hundred Forty-five and 45/100 Dollars ($3,145.45). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: The South One Half of the Northeast Quarter (S½NE%), Section Seventeen (17), Township One Hundred Thirteen (113). Range Thirty-six (36), except the right-of-way of the Minneapolis & St. Louis Railway, containing 74 acres, more or less, according to Government Survey thereof, Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the court house in the City of Redwood Falls, Redwood Countv, Minnesota, on August 7, 1933 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law. subject to redemption within twelve months from said date of sale. Dated June 20, 1933. ROY A NELSON, As Receiver of Southern Minnesota Joint Stock Land Bank of Minneapolis, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage 114 South Ninth Street, 51-6ts Minneapolis, Minnesota.
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(Aug. 31-Oct. 5) NOTICE OF MORTGAGE FORECLOSURE SALE Default having occurred in the conditions of that certain mortgage made by Joseph F. Steinle, Single, Charles X. Steinle, Single, and John P. Steinle and Lorena Steinle, his wife, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Redwood Falls (now Southern Minnesota Joint Stock Land Bank of Minneapolis), a body corporate, created and empowered by the Congress of the United States, mortgagee, dated October 1, 1922 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on October 27, 1922 at 10:20 o'clock A. M., and recorded in Book 88 of Mortgages on page 7, by which default the power of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice as principal, amortization installments and interest, the sum of Seven Thousand Three Hundred Six and 37/100 Dollars ($7,306.37). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by. said mortgage, viz: The Southeast Quarter (SE1/4) of Section Twenty-five (25), Township One Hundred Nine (109), Range Thirty-eight (38), containing 160 acres, more or less, according to Government survey, thereof, Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the court house in the City of Redwood Falls, Redwood County, Minnesota, on October 16, 1933 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated August 25, 1933. ROY A. NELSON, AS RECEIVER OF SOUTHERN MINNESOTA JOINT STOCK LAND BANK OF MINNEAPOLIS, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage 114 South Ninth Street, 9-6ts. Minneapolis, Minnesota.
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(March 15-April 19) NOTICE OF MORTGAGE FORECLOSURE SALE Default having occurred in the conditions of that certain mortgage made by Robert Smith, Bachelor, James Smith, Bachelor, David Smith and Esther Smith, his wife, as mortgagors, to Southern Minnesota Joint Stock Land Bank of Redwood Falls (now Southern Minnesota Joint Stock Land Bank of Minneapolis), a body corporate, created and empowered by the Congress of the United States of America, mortgagee, dated October 1, 1924 and with a power of sale therein contained and filed for record in the office of the Register of Deeds in and for Redwood County, Minnesota on December 22, 1924 at 1:05 o'clock P. M., and recorded in Book "88" of Mortgages on page 65, by which default the nower of sale has become operative, and no action or proceeding having been instituted at law or otherwise to recover the debt secured by said mortgage or any part thereof and whereas there is due and claimed to be due upon said mortgage at the date of this notice as principal, amortization installments and interest, the sum of $10,298.86 and the further sum of $444.36 as taxes and penalty thereon heretofore paid with interest thereon of $3.45, making a total amount due on the mortgage at the date of this notice of Ten Thousand Seven Hundred Forty-six and 67/100 Dollars ($10,746.67). NOW THEREFORE, NOTICE IS HEREBY GIVEN: That by virtue of the power of sale therein contained, said mortgage will be foreclosed by a sale of the mortgaged premises described in and conveyed by said mortgage, viz: The North Half (N½) of Section Twenty-eight (28), Township One Hundred Eleven (111) North, of Range Thirty-seven (37) West of the Fifth Principal Meridian, containing 320 acres, more or less, according to the Government survey thereof, Redwood County, Minnesota, which sale will be made by the Sheriff of said Redwood County at the main front door of the Court House in the City of Redwood Falls, Redwood County, Minnesota, on April 30, 1934 at ten o'clock in the forenoon of that day, at public vendue, to the highest bidder for cash, to pay the debt then secured by said mortgage and taxes if any on said premises and the costs and disbursements allowed by law, subject to redemption within twelve months from said date of sale. Dated March 10, 1934. E. J. FRIEDE, AS RECEIVER OF SOUTHERN MINNESOTA JOINT STOCK LAND BANK OF MINNEAPOLIS, Holder of said Mortgage. J. M. Woodworth, Attorney for Holder of said Mortgage 114 South Ninth Street, 37-6ts. Minneapolis, Minnesota.