60950 Deer Creek Dr, South Lyon, MI 48178

Public Foreclosure Notice

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. NOTICE OF MORTGAGE FORECLOSURE SALE 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 Oakland County, starting promptly at 10:00 a.m. on July 21, 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 register of deeds office or a title insurance company, either of which may charge a fee for this information. Default has been made in the terms and conditions of a Commercial Real Estate Mortgage made by David Edgar Ely and Dawn Louise Ely, husband and wife, as Mortgagors, to Superior National Bank, as Mortgagee, dated September 26, 2025, recorded October 14, 2025 in Liber 60622, Page 128 of Oakland County records, (the "Mortgage"). The amount claimed to be due and owing on the Mortgage is One Million One Hundred Fifty Three Thousand One Hundred Seventy Eight and 71/100 Dollars ($1,153,178.71) on the date of this Notice. The Mortgage contains a power of sale and no suit or proceeding at law or in equity has been instituted to recover the debt secured by the Mortgage, or any part of the Mortgage. Under the power of sale contained in said Mortgage, and the statute in such case made and provided, take notice that on July 21, 2026 at 10:00 a.m., local time, or any adjourned date thereafter, the Mortgage will be foreclosed by sale of the mortgaged premises, or some part of them, at public auction, to the highest bidder, at the place of holding the Circuit Court within Oakland, Michigan. The Mortgagee will apply the sale proceeds to the debt secured by the Mortgage as stated above, plus interest accruing on the amount due at a rate of 10.75% per annum, costs and expenses of the Mortgagee as provided for in the Mortgage, and any amounts subsequently paid by the Mortgagee to protect its interest in the property. The property to be sold at foreclosure is all of the real estate and improvements located in the Township of Lyon, County of Oakland, State of Michigan, more particularly described as follows: Lot 1, Deer Creek Farms Subdivision, Lyon Township, Oakland County, Michigan, according to the plat thereof as recorded in Liber 168, Pages 37, 38 and 39 of Plats, Oakland County records. Tax Parcel No.: 63-K-21-08-301-001 Commonly known as: 60950 Deer Creek Drive, South Lyon, Michigan 48178 The redemption period shall be six (6) months from the date of sale, unless determined to be abandoned in accordance with MCL 600.3241a, in which case the redemption period shall be 30 days from the date of such sale. Pursuant to MCL 600.3278, the Mortgagors will be held responsible to the person who buys the property at the foreclosure sale or to the mortgage holder for damaging the property during the redemption period. Attention Purchasers: This sale may be rescinded by the foreclosing mortgagee for any reason. In that event, your damages, if any, shall be limited solely to the return of the bid amount tendered at sale, plus interest, and the purchaser shall have no further recourse against the Mortgagors, the Mortgagee, or the Mortgagee's attorneys. Dated: June 18, 2026 Superior National Bank, Mortgagee STANCATO TRAGGE WELLS, PLLC Attorneys for Mortgagee By: John P. Tragge 2111 Woodward Avenue, Suite 701 Detroit, Michigan 48201 (248) 731-4500 (6-23)(7-14)