Street Address of the Property
6780 E. 525 Road, Claremore, Oklahoma 74019
The above described property is hereinafter referred to as the “Property.”
The Property shall be sold on the 31st day of May, 2013 at 10:00 o’clock a.m. on the west steps of the Rogers County Courthouse, 200 S. Lynn Riggs Blvd., Claremore, OK 74018.
The Mortgagor, as that term is defined in the Act, has the right to redeem the Property from foreclosure by paying all principal, interest and other sums secured by the Mortgage to the Mortgagee prior to the execution and delivery of a deed resulting from the intended sale as described in Title 46, Oklahoma Statutes, §47. All other parties to whom this Notice is addressed which claim an interest in the Property are hereby advised that the Property will be sold subject to their claims unless you elect to join the exercise of power of sale or that Mortgagee claims an interest superior to the claims of all such persons and that their interests shall be terminated by the sale unless they take appropriate legal action.
IF THE PROPERTY SUBJECT TO THIS MORTGAGE IS THE MORTGAGOR’S HOMESTEAD, IT SHALL BE SOLD PURSUANT TO A POWER OF SALE WITHOUT JUDICIAL FORECLOSURE UNLESS, AT LEAST TEN (10) DAYS BEFORE THE PROPERTY IS TO BE SOLD UNDER A POWER OF SALE, THE MORTGAGOR SENDS WRITTEN NOTICE BY CERTIFIED MAIL TO THE MORTGAGEE STATING THAT THE PROPERTY INVOLVED IS THE MORTGAGOR’S HOMESTEAD AND THAT JUDICIAL FORECLOSURE IS ELECTED, AND FILES OF RECORD A COPY OF SUCH NOTICE WHICH CONTAINS A LEGAL DESCRIPTION OF THE PROPERTY, WITH THE COUNTY CLERK OF THE COUNTY WHERE THE PROPERTY IS SITUATED.
IF THE PROPERTY IS SOLD PURSUANT TO A POWER OF SALE, THE MORTGAGOR MAY AVOID A DEFICIENCY JUDGMENT BY SENDING A WRITTEN NOTICE BY CERTIFIED MAIL TO THE MORTGAGEE, AT LEAST TEN (10) DAYS BEFORE THE PROPERTY IS TO BE SOLD UNDER THE POWER OF SALE, THAT STATES THAT THE PROPERTY INVOLVED IS THE MORTGAGOR’S HOMESTEAD AND THAT THE MORTGAGOR ELECTS AGAINST A DEFICIENCY JUDGMENT.