NOTICE OF MORTGAGE FORECLOSURE SALE

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.

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NOTICE IS HEREBY GIVEN: That default has occurred in the conditions of the following described mortgage:

DATE OF MORTGAGE: March 24, 2006

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $76,000.00

MORTGAGOR(S): Christine A. Stewart, a single woman

MORTGAGEE: New Century Mortgage Corporation, a California corporation

DATE AND PLACE OF FILING: Filed March 28, 2006, Goodhue County Recorder; Document No. A-530727

ASSIGNMENTS OF MORTGAGE: Assigned to: U.S. Bank National Association, as Trustee for Asset-Backed Pass-Through Certificates, Series 2006-NC1

LEGAL DESCRIPTION OF PROPERTY:

Beginning at the northeast corner of Lot 7 of Block 1 of East Red Wing on

the southerly line of the street running through said Block; running thence

southerly along the easterly line of said Lot 7 126 feet; thence at right angles

westerly 38 1/2 feet; thence at right angles northerly 126 feet, and thence

easterly along the southerly line of said Street 38 1/2 feet to the place of

beginning.

Also known as Lot 79 of Block 1 of Auditor's Subdivision of East Red Wing

COUNTY IN WHICH PROPERTY IS LOCATED: Goodhue County, Minnesota

THE AMOUNT CLAIMED TO BE DUE ON THE MORTGAGE ON THE DATE OF THE NOTICE: $86,432.39

THAT no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or applicable statutes;

PURSUANT, to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows:

DATE AND TIME OF SALE: September 24, 2008 at 10:00 a.m.

PLACE OF SALE: Goodhue County Sheriff's office, Law Enforcement Center, 430 West Sixth Street, Red Wing, Minnesota

to pay the debt then secured by said mortgage and taxes, if any actually paid by the mortgagee, on the premises and the costs and disbursements allowed by law. The time allowed by law for redemption by said mortgagor(s), their personal representatives or assigns is six (6) months from the date of sale.

"THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR'S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES, SECTION 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED."

Dated: July 24, 2008

U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR ASSET-BACKED PASS-THROUGH CERTIFICATES, SERIES 2006-NC1

Mortgagee

REITER & SCHILLER, P.A.

Rebecca F. Schiller, Esq.

Sarah J.B. Adam, Esq.

N. Kibongni Fondungallah, Esq.

James J. Pauly, Esq.

Leah K. Weaver, Esq.

Attorneys for Mortgagee

25 North Dale Street

St. Paul, MN 55102-2227

(651)209-9760

(W5738)

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

FORECLOSURE DATA

ADDRESS: 243 4th Street East, Red Wing, MN 55066

PID No.: 55.020.1120

MERS No.: none

SERVICER: America's Servicing Co - 866-248-5719

(July29, Aug.5,12,19,26,

Sept.2)