Foreclosure - Wenonah Park Properties Inc - 2/26/25

MORTGAGE SALE THIS FIRM IS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION WE OBTAIN WILL BE USED FOR THAT PURPOSE. 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 main entrance #4 to the Bay County Court Facility, 1230 Washington Avenue, Bay City, Michigan that being the place of holding the Circuit Court for Bay County, Michigan starting promptly at 11:00 a.m. on March 28, 2025. 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. The Mortgage being foreclosed was given by Wenonah Park Properties Inc., a/k/a Wenonah Park Properties, Inc. a Michigan non-profit corporation whose registered office is located at One Wenonah Park Place, Bay City, Michigan 48708 to National City Bank of Michigan/Illinois, a national banking association as Trustee for the benefit of the holders of $15,455,000 Wenonah Park Properties, Inc. Revenue Bonds (Bay City Hotel Project), Series 2002. The Mortgage is dated September 1, 2002 and was recorded on September 3, 2002 in Liber 1924 in pages 389 to 409 of the Bay County Records (the “Mortgage”). UMB Bank, National Association, a national banking association, with an address of 120 South Sixth Street, Suite 1400, Minneapolis, Minnesota 55402, as the successor Trustee, is the current Mortgagee under the Mortgage. The Mortgage was assigned to UMB Bank, National Association under the Assignment of Mortgage dated July 9, 2018 and recorded on July 12, 2018 as instrument # 201809626 of the Bay County Records. No proceedings have been instituted to recover any part of the debt which is Twenty-One Million Eight Hundred Twenty-Two Thousand Four Hundred Eighty-Eight and 41/100 ($21,822,488.41) Dollars as of February 26, 2025. 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 Bay County Register of Deeds office or a title insurance company, either of which may charge a fee for their information. The Mortgage will be foreclosed by selling the property described below at a public auction to the highest bidder. The sale will be held on March 28, 2025 at 11:00 a.m., local time, at main entrance #4 to the Bay County Court Facility, 1230 Washington Avenue, Bay City, Michigan that being the place of holding the Circuit Court for Bay County, Michigan. The property will be sold to pay the amount then due on the Mortgage, including interest, legal costs, attorney fees and any taxes or insurance which may be paid by the mortgagee before the sale. The property to be sold is located in Bay City, Bay County, Michigan and is more specifically described in the Mortgage as: The Site The Site consists of the following-described land located in the City of Bay City, State of Michigan: Fee Parcel Land situated in the City of Bay City, Bay County, Michigan, described as follows: All of Block 72, Including the (To Be) Vacated Alley Located in Said Block 72, Map of Lower Saginaw, as per Plat Thereof Recorded in Liber 1 of Plats, Page 4 of Bay County Records; And, Lots 1, 6 and 7, Block 71, and Lot 7, Block 70, of the Amended Plat of Blocks 51, 70, and 71, and Vacated Sixth and Seventh Streets of the Map of Lower Saginaw, Bay City, Michigan, as per Plat Thereof Recorded in Liber 13 of Plats, Page(s) 1-4 of Bay County Records; Leasehold Parcel Being part of “Wenonah Park” (Public) of the Amended Plat of Blocks 51, 70, and 71, and vacated Sixth and Seventh Streets of the Map of Lower Saginaw, Bay City, Michigan, as recorded in plats, Liber 13, Pages 1-4, Bay County Records, more particularly described as: That part of the Southwest 1/4 of Section 21, Town 14 North, Range 5 East, City of Bay City, Bay County, Michigan, described as: Commencing at the South 1/4 Corner of Section 22, Town 14 North, Range 5 East, thence North 85°34’36” West 1335.84 feet along the South Section line to a section corner on the John Riley Reserve Boundary line; thence continuing from said section corner North 85°34’36” West 4842.44 feet along said line if extended Westerly to the Westerly right-of-way line of Water Street, if extended; thence North 09°03’59” East 773.78 feet along said Westerly right-of-way line to the North line of Sixth Street and the Point of Beginning, said point also being the Southeast Corner of Block 70, Map of Lower Saginaw, as recorded in Plats, Liber 1, Page 4, Bay County Records; thence continuing North 09°03’59” East 99.00 feet along the West line of Water Street; thence North 80°53’23” West 330.54 feet; thence South 61°51’24” East 304.25 feet along the Southerly line of Wenonah Park; thence South 81°10’45” East 43.0 feet continuing along the Southerly line of Wenonah Park and the Northerly line of Sixth Street to the Point of Beginning (collectively referred to as the “Property” in this Notice of Mortgage Sale) The street address of the Property is: One Wenonah Park Place Bay City, Michigan 48708 The redemption period will expire six (6) months from the date of the sale. The redemption period may be extinguished as provided in MCL 600.3238. Please be advised that if the Property is actually sold at a foreclosure sale pursuant to the procedures provided in MCL 600.3200 et. seq., as is currently anticipated by this Notice of Mortgage Sale, then in such event, the borrower will be 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 as provided in MCL 600.3278. Please be further advised that the redemption period may also be extinguished under the circumstances described in MCL 600.3238. The name, address and telephone number of the attorney for the party foreclosing the Mortgage is: John R. Tucker, Esq. Winegarden, Haley, Lindholm, Tucker & Himelhoch, PLC G-9460 S. Saginaw Street, Suite A Grand Blanc, Michigan 48439 810-767-3600 This Notice of Mortgage Sale is given by: UMB Bank, National Association a national banking association acting solely in its capacity as successor Trustee under the Trust Indenture for the benefit of the holders of $15,455,000 Wenonah Park Properties, Inc. Revenue Bonds (Bay City Hotel Project), Series 2002. Dated: February 26, 2025 PREPARED BY: John R. Tucker, Esq. P-37348 Winegarden, Haley, Lindholm, Tucker & Himelhoch, PLC G-9460 S. Saginaw Street, Suite A, Grand Blanc, MI 48439; 810-767-3600. (02-26)(03-19) 9-4
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