1440 Maxwell Rd, Petoskey, MI 49770

Public Foreclosure 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 Emmet County, starting promptly at 9:00 AM on September 16, 2026. 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: Mortgagor(s): Laura C. Lonchar Original Mortgagee: United States of America, acting through the Farmers Home Administration, United States Department of Agriculture Date of mortgage: October 9, 1990 Recorded on October 9, 1990, Liber 435 on Page 569. Amount claimed to be due at the date hereof: Thirty-Six Thousand Four Hundred Forty-Five and 22/100 ($36,445.22) Mortgaged premises: Located in the Township of Springvale, Emmet County and described as: COMMENCING AT THE EAST 1/4 CORNER OF SECTION 8 TOWNSHIP 34 NORTH, RANGE 4 WEST; THENCE NORTH 89 DEGREES 49'40" WEST 981.68 FEET, ALONG THE EAST AND WEST 1/4 LINE, TO THE CENTERLINE OF MAXWELL ROAD; THENCE NORTH 03 DEGREES 48'20" WEST 362.00 FEET, ALONG SAID CENTERLINE, TO THE POINT OF BEGINNING; THENCE NORTH 89 DEGREES 49'40" WEST 319.35 FEET TO THE EAST 1/8 LINE OF SAID SECTION; THENCE SOUTH 02 DEGREES 44'40" EAST 119.87 FEET, ALONG SAID 1/8 LINE THENCE SOUTH 89 DEGREES 49'40" EAST 321.62 FEET TO THE CENTERLINE OF MAXWELL ROAD; THENCE NORTH 03 DEGREES 48'20" WEST 120.00 FEET, ALONG SAID CENTERLINE, TO THE POINT OF BEGINNING; BEING A PART OF THE SOUTHEAST 1/4 OF THE NORTHEAST 1/4 SAID SECTION 8. Commonly known as 1440 Maxwell Rd Petoskey MI 49770 The redemption period shall be 12 months from the date of such sale, unless abandoned in accordance with MCL 600.3241a, in which case the redemption period shall be 30 days from the date of such sale, or 15 days from the MCL 600.3241a(b) notice, whichever is later; or unless extinguished pursuant to MCL 600.3238. If the property is sold at foreclosure sale under Chapter 32 of Act 236 of 1961 pursuant to MCL 600.3278, the borrower will be held responsible to the person who buys the property at the mortgage foreclosure sale or to the mortgage holder for damaging the property during the redemption period. Please be advised that the trustee will require any entity or trust bidder at this trustee's sale to provide beneficial ownership information, documentation, and written certification as required under FinCEN's Anti-Money Laundering Regulations for Residential Real Estate Transfers, effective for transfers to covered transferees closing on or after March 1, 2026. This requirement applies where the purchaser is a legal entity (including an LLC, corporation, or partnership) or a trust, and the transfer is not financed by an institutional lender subject to existing anti-money laundering requirements. The required information and certification must be provided to the trustee prior to issuance of the trustee's deed upon sale. No trustee's deed will be issued for a covered transfer until all required FinCEN information has been received and certified. Additional information regarding these regulations and required transferee disclosures can be found at: https://www.fincen.gov/rre and https://www.fincen.gov/rre-faqs. 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. ALAW 5404 Cypress Center Drive, Suite 300, Tampa, FL 33609 (813) 221-4743 26-003116 (08-18)(09-08)