PAXTON – The owner of a mixed-use pharmacy in downtown Paxton did not respond Thursday to a foreclosure lawsuit alleging he defaulted on a $1.75 million mortgage he took out to secure the home. prescription four years ago.
Efforts by the Ford County Chronicle to reach Dr. Jenna Vogel, owner of Doug’s Compounding Pharmacy at 137 N. Market St., was unavailable Thursday because messages left at her business via email and voicemail were not returned.
The pharmacy was not open on Thursday, as its doors were locked and most of its lights were off. The pharmacy reportedly opened only a few months ago.
Meanwhile, Ford County Sheriff Kamalen Johnson Anderson said Thursday that Vogel has not responded to a foreclosure lawsuit filed last August by attorneys for First Financial. Arkansas-based bank against Vogel, his company 137 North Market Street LLC and his company Vogel’s Compounding Pharmacy. PLLC.
According to a legal notice published in the Ford County Chronicle for three consecutive weeks in January, Vogel faces a lawsuit that cannot be filed against him unless he files an answer with the sheriff’s office. secretary of the department or file a form in the matter no later than Friday, Jan. 27.
According to First Financial Bank’s lawsuit — filed by attorneys Richard Stites and Benjamin Crowe of Bloomington-based Livingston, Barger, Brandt & Schroeder LLP — Vogel borrowed $1,755,000 from the bank through a loan agreement. commercial signed January 2, 2019.
However, Vogel “failed and refused” to make a reasonable time to pay the mortgage – which has a maturity date of January 2, 2032 – and as of May 20, 2022, is sitting Still owed more than $1,601,841 with interest of $15.83 compounded daily, the lawsuit said. said.
“(The bank’s) right to foreclose on his mortgage stems from (Vogel’s) failure to make the required payments on time and due under the letter,” the statement said. a cry. “(The bank) has given (Vogel) all the necessary information of the default and has accelerated the entire outstanding debt ….”
The bank is seeking a judge’s order allowing the bank to sell the property through a court sale and requiring Vogel to pay the bank’s attorneys’ fees, as well as proof and the penalty. In lieu of a foreclosure sale, the bank said they could accept Vogel’s forfeiture of the property’s title to satisfy the debt.
Meanwhile, property taxes for the dispensary were not paid until 2022, according to the Ford County Treasurer’s Office. The year before, the pharmacy’s taxes were paid in full, amounting to $3,010.
Vogel purchased the pharmacy four years ago from his former physician and owner, Doug Higgins, who founded the business in 1997. According to the business’ website, Vogel began working as a pharmacy technician at the age of 16 while still in high school and started having fun. in composition when he did an internship at Doug’s as a student essayist. Vogel received his doctorate in 2014 from St. Louis College of Pharmacy, and graduated with honors. The website says he is married with two daughters.
“From addressing hormonal imbalances to pain management, inpatient and outpatient care, our doctors and therapists work together to provide personalized solutions using the latest medical knowledge. from and modern technology,” said the hospital’s website. “In addition to packaging, we offer a variety of specialty health products and services, including long-term medical equipment, hormone and neurotransmitter testing and aromatherapy.”