Upon the default of the mortgagor(s) and upon expiration of
any applicable cure periods under a leasehold mortgage, the mortgagee
or its successors and assigns may commence a leasehold mortgage foreclosure
proceeding in the Tribal Court, as follows:
A. By filling a verified complaint:
(1) Citing authority for jurisdiction of the Tribal Court;
(2) Naming the mortgagor(s) and each record owner claiming through the
mortgagor(s) subsequent to the recording of the leasehold mortgage,
including each subordinate lienholder, except the Tribe with respect
to a claim for a tribal tax on the leasehold estate subject to the
leasehold mortgage, as a defendant;
(3) Describing the leasehold estate subject to the leasehold mortgage;
(4) Stating the facts concerning:
(a)
The execution of the lease and the leasehold mortgage;
(b)
The recording of the leasehold mortgage;
(c)
The alleged default(s) of the mortgagor(s) and any other facts
as may be necessary to constitute a cause of action.
(5) Having appended as exhibits true and correct copies of each promissory
note, lease, leasehold mortgage and, if applicable, assignment thereof
relating to such leasehold estate;
(6) Including an allegation that all relevant requirements and conditions
prescribed in the federal mortgage loan guarantee program and/or leasehold
mortgage agreement and the lease have been complied with by the mortgagee
or its successors or assigns; and
(7) Otherwise satisfying the requirements of the Tribal Court.
B. By obtaining a summons, issued as in other cases, requiring the mortgagor(s)
and each other person or entity claiming through the mortgagor, as
defendants, to appear for a trial upon the complaint on a date and
time specified in the summons, and filing a copy of such summons with
the Tribal Court.
The laws of the Tribe governing service of process and all other
matters relating to the conduct of Tribal Court proceedings shall
apply to any leasehold mortgage foreclosure proceeding pursuant to
this chapter.
If the alleged default(s) have not been cured, and if the Tribal
Court should find for the mortgagee or its successors or assigns,
the Tribal Court shall enter judgment:
A. Foreclosing the leasehold estate of the mortgagor(s) and each other
defendant named in the complaint upon whom proper and timely service
has been made, including each such subordinate lienholder; and
B. Assigning such leasehold estate to the mortgagee or the mortgagee's
assignee, provided that, the mortgagee shall give the Tribe the right
of first refusal on any acceptable offer to purchase the lease and
the lessee's leasehold in the property.