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Public Notice - Mortgage Sale - Gregory J. Kiessel and Linda Kiessel


THIS FIRM IS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION WE OBTAIN WILL BE USED FOR THAT PURPOSE. PLEASE CONTACT OUR OFFICE AT THE NUMBER BELOW IF YOU ARE IN ACTIVE MILITARY DUTY.

MORTGAGE SALE - Default has been made in the conditions of a mortgage made by Gregory J. Kiessel and Linda Kiessel, husband and wife, to Option One Mortgage Corporation, a California Corporation, Mortgagee, dated January 10, 2005 and recorded February 16, 2005 in Liber 842, Page 986, Leelanau County Records, Michigan. Said mortgage is now held by U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, 2005-5 by assignment. There is claimed to be due at the date hereof the sum of One Hundred Thirty-Nine Thousand Two Hundred Twenty-Six and 30/100 Dollars ($139,226.30) including interest at 11.125% per annum.

Under the power of sale contained in said mortgage and the statute in such case made and provided, notice is hereby given that said mortgage will be foreclosed by a sale of the mortgaged premises, or some part of them, at public vendue at the
Courthouse in Leland, Michigan in Leelanau County, Michigan at 11:00 a.m. on FEBRUARY 29, 2008.

Said premises are located in the Township of Bingham, Leelanau County, Michigan, and are described as:

Part of the Southeast one-quarter of the Southeast one-quarter of Section 8, Town 29 North, Range 11 West, Bingham Township, Leelanau County, Michigan, more fully described as: Commencing at the Southeast corner of Section 8; thence North 01 Degrees 01 Minutes 00 Seconds West along the East line of Section 8 a distance of 260.00 feet for the point of beginning of the described parcel of land; thence North 87 degrees 49 Minutes 00 Seconds West parallel with the South line of Section 8 a distance of 206.38 feet to the Easterly line of the Leelanau Transit Company Railroad; thence North 14 Degrees 54 Minutes 09 Second East along the Easterly line of the Leelanau Transit Company Railroad a distance of 133.17 feet; thence South 87 Degrees 49 Minutes 00 Degrees East parallel with the South line of Section 8 a distance of 172.07 feet to the East line of Section 8; thence South 00 Degrees 01 Minutes 00 Seconds East along the East line of Section 8 a distance of 130.00 feet to the point of beginning.

The redemption period shall be 6 months from the date of such sale, unless determined abandoned in accordance with MCLA ยง600.3241a, in which case the redemption period shall be 30 days from the date of such sale. TO ALL PURCHASERS: The foreclosing mortgagee can rescind the sale. In that event, your damages, if any, are limited solely to the return of the bid amount tendered at sale, plus interest.

Dated: January 31, 2008

Orlans Associates, P.C.
Attorneys for Servicer
P.O. Box 5041
Troy, MI 48007-5041
(248) 457-1000
File No. 221.6625 31-21

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