2004 Minnesota Statutes

     580.04 Requisites of notice. 

    Each notice shall specify: 

    (1) the name of the mortgagor, the mortgagee, each assignee 
 of the mortgage, if any, and the original or maximum principal 
 amount secured by the mortgage; 

    (2) the date of the mortgage, and when and where recorded, 
 except where the mortgage is upon registered land, in which case 
 the notice shall state that fact, and when and where registered; 

    (3) the amount claimed to be due on the mortgage on the 
 date of the notice; 

    (4) a description of the mortgaged premises, conforming 
 substantially to that contained in the mortgage; 

    (5) the time and place of sale; 

    (6) the time allowed by law for redemption by the 
 mortgagor, the mortgagor's personal representatives or assigns; 
 and 

    (7) if the party foreclosing the mortgage desires to 
 preserve the right to reduce the redemption period under section 
 582.032 after the first publication of the notice, the notice 
 must also state in capital letters:  "THE TIME ALLOWED BY LAW 
 FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR'S PERSONAL 
 REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A 
 JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES, SECTION 
 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED 
 PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN 
 FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, 
 AND ARE ABANDONED." 

    HIST: (9605) RL s 4460; 1967 c 248 s 1; 1986 c 444; 1989 c 328 
 art 3 s 6; 1Sp1989 c 2 s 6; 2004 c 234 s 3