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HomeMy WebLinkAboutMortgage- 719 Grove StreeetMORTGAGE Doenment Number ' Dowmemma, CITY OF OSHKOSH ONE OSHKOSH PROGRAM INSTALLMENT LOAN I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (mortgage lender), in consideration of my receiving an installment loan in amount of FIVE THOUSAND DOLLARS and NO/100 ($5,000.00) for Purchase, of owner occupied residential real property which is comma, known as 719 Grove Street, Oshkosh, and legally described as being Winnebago County, State of Wisconsin: DOC# 1808240 NATALIE STROHMEYER REGISTER OF DEEDS WINNEBAGO COUNTY, WI RECORDED ON: 01/20/2020 09:47 AM RECORDING FEE: 30.00 PAGES: 2 --The above recording Information verifies that this document has been electronically recorded and returned to the submitter+ Reeording Are. N'.mr.nd Return Address LOT 25, BLOCK 2, in CITY'S REPLAT NUMBER 4, 1Ib Werd, CRY of W,kos City Ahnrney's Umce Winnebago Cowry, W iswmin. Oshkosh, W154903-1130 This is homestead property. This is a purchase money mortgage. _91I-0619-00Do Parcel Identification No. 1 certify that I have title to this property and that the title is free and clear ofall encumbrances, excepting only restrictions and easements of record, municipal and the zoning ordinances, current taxes and assessments not yet due and any encumbrance noted below: First mortgage to First Centennial Mortgage Corporation in the amcwt of$81,907 dated on or about 01/172020. I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for those noted above. I agree to this mortgage on a condition that, if 1 pay to mortgage lender the full amount of the installment loan secured by this mortgage Md conform with the terms of the Borrower's Certification and this mortgage, then this mortgage will cease and the note (see Borrower's Certification) will be void. 1 will pay before they become delinquent all taxes and assessments which may be levied or assessed against this mortgage, the note secured by this mortgage and the property described above. I will deliver to mortgage lender, upon demand, a receipt showing due payment of any in or assessment. I will keep the mortgaged property insured for fire and extended coverage perils for at least the full and fair market value of the property and pay the premiums thereon when due. I will make sure the City of Oshkosh is listed as a mortgage holder on the insurance policy. 1 agree to keep the mortgaged property in good condition and repair. I will not do anything to diminish or impair the value of the mortgaged property. Under any foreclosure proceeding, all foreclosure expenses, including reasonable attorney's fees, will also be added to the amount of the installment loan and become due as incurred, and in case ofjudgemeni, will be included therein. If I fail to act according to the terms and conditions of this mortgage or the Borrower's Certification for a period of more than fifteen 05) days, then the whole amount of the installment loan will, at the option of the mortgage lender, become due and payable without notice. Under this circumstance, I hereby waive my right to notice. I understand that the mortgage lender is not responsible for work performed by any contractor on my property, whether paid for out of installment loan funds or otherwise. Unless otherwise required by law, the invalidity or unenfomeability of any provision of this mortgage will not affect the validity or enforceability of any other provision. All the terms, conditions and covenants of this mortgage will be binding on my heirs, legal representatives, successions or any other individual to whom an interest in the mortgaged property or this mortgage is assigned. DOCUMENT NO. STATE BAR OF WISCONSIN FORM 1 - 2003 WARRANTY DEED THIS DEED, made between Steven A. Dahnke and Karissa L. Dahnke, husband and wife, ("Grantor" whether one or more), and the Gail D. Keene, single person, ("Grantee,", whether one or more). Grantor, for valuable consideration conveys to Grantee the following described real estate, together with the rents, profits, fixtures and other appurtenant interests, in WINNEBAGO COUNTY, State of Wisconsin ("Property"): Lot Twenty-five (25) of Block Two (2), CITY'S REPLAT #4, in the 1 I" Ward, in the City of Oshkosh, Winnebago County, Wisconsin. DOC* 1808238 NATALIESTROHMEYER REGISTER OF DEEDS WINNEBAGO COUNTY, WI RECORDED ON: 01/20/2020 09:47 AM RECORDING FEE: 30.00 TRANSFER FEE: 257.70 EXEMPTION *: PAGES: 1 **The above recording information verifies that this document has been electronically recorded and returned to the submitter** RETURN TO Gail D. Keene 719 Grove St Oshkosh, WI 54901 Parcel No: 911-0619 Grantor wanants that the title to the Property is good, indefeasible in fee simple and free and clear of encumbrances except: public rights of way, easements, covenants and restrictions of record This p is homestead property. Dated this Y day of January, 2020 AUTHENTICATION Signatures authenticated this day of , 20 ACKNOWLEDGMENT STATE OF WISCONSIN )SS aasss%MA t t COUNTY OF OF1-TA6AkUE ) NCO HSK S,F U TITLE: MEMBER STATE BAR OF WISCONSIN: C ENO T A R y `sAitly came before me this 141 day of January, 2020, the above (If not, �....� It edSteven A. Dahnke and Karissa L. Dahnke tome known to be the authorized by § T06.06, Wis. StatsJ a U B L i G sp'amorsen($) whccutedtheforegomg-i ment and acknowledged the s THIS INSTRUMENT WAS DRAFTED BS4,`FOFtW''r0 Attorney Nathan P. Olson, Olson Legal Group, LLC '1.1 146 Algoma Boulevard — Suite A, Oshkosh, WI 54901 otary Pub tat, of Wisconsin (Signatures maybe authenticated or acknowledged. Both arenot My Commission is permanent (if not, state expiration date: necessary.) Tac.05 10RC2 .) *Names of persons signing in any capacity should be typed or printed below their signatures. NOTE: THIS IS A STANDARD FORM, ANY MODIFICATIONS TO THIS FORM SHOULD BE CLEARLY IDENTIFIED. WARRANTY DEED 0 2003 STATE BAR OF WISCONSIN FORM NO. 1-2003 MORTGAGE Document Number I Document Title CITY OF OSHKOSH ONE OSHKOSH PROGRAM INSTALLMENT LOAN I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a Municipal Corporation located in Winnebago County, Wisconsin (mortgage lender), in consideration of my receiving an installment loan in amount of FIVE THOUSAND DOLLARS and NO/100 ($5,000.00) for purchase, of owner occupied residential real property which is commol known as 719 Grove Street, Oshkosh, and legally described as being Winnebago County, State of Wisconsin: LOT 25, BLOCK 2, in CITY'S REPLAT NUMBER 4, 1la' Ward, City of Winnebago County, Wisconsin. E_4'RECd'3RRED simplifle ID: — County:: Date: L Recording Area Name and Return Address rime: City Attorney's Office Oshkosh, WI 54903-1130 This is homestead property. This is a purchase money mortgage. _911-0619-0000 Parcel Identification No. I certify that I have title to this property and that the title is free and clear of all encumbrances, excepting only restrictions and easements of record, municipal and the zoning ordinances, current taxes and assessments not yet due and any encumbrance noted below: First mortgage to First Centennial Mortgage Corporation in the amount of $81,807 dated on or about 01/17/2020. I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except for those noted above. I agree to this mortgage on a condition that, if I pay to mortgage lender the full amount of the installment loan secured by this mortgage and conform with the terms of the Borrower's Certification and this mortgage, then this mortgage will cease and the note (see Borrower's Certification) will be void. I will pay before they become delinquent all taxes and assessments which may be levied or assessed against this mortgage, the note secured by this mortgage and the property described above. I will deliver to mortgage lender, upon demand, a receipt showing due payment of any tax or assessment. I will keep the mortgaged property insured for fire and extended coverage perils for at least the full and fair market value of the property and pay the premiums thereon when due. I will make sure the City of Oshkosh is listed as a mortgage holder on the insurance policy. I agree to keep the mortgaged property in good condition and repair. I will not do anything to diminish or impair the value of the mortgaged property. Under any foreclosure proceeding, all foreclosure expenses, including reasonable atorney's fees, will also be added to the amount of the installment loan and become due as incurred, and in case of judgement, will be included therein. If I fail to act according to the terms and conditions of this mortgage or the Borrower's Certification for a period of more than fifteen (15) days, then the whole amount of the installment loan will, at the option of the mortgage lender, become due and payable without notice. Under this circumstance, I hereby waive my right to notice. I understand that the mortgage lender is not responsible for work performed by any contractor on my property, whether paid for out of installment loan funds or otherwise. Unless otherwise required by law, the invalidity or unenforceability of any provision of this mortgage will not affect the validity or enforceability of any other provision. All the terms, conditions and covenants of this mortgage will be binding on my heirs, legal representatives, successors or any other individual to whom an interest in the mortgaged property or this mortgage is assigned. I shall not transfer, sell or convey any legal or equitable interest in the property (by deed, land contract, option, long- term lease or in any other way) without the prior written consent of the mortgage lender, unless either the indebtedness secured by this mortgage is first paid in full or the interest conveyed is a mortgage or other security interest in the property, subordinate to the lien of this mortgage. The entire indebtedness under the note secured by this mortgage shall become due and payable in full, at the option of the mortgage lender without notice, upon any transfer, sale or conveyance made in violation of this paragraph. (PLEASE NOTE THE SINGULAR "P' ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) Dated this L1�---d"ay of S�t 12020 AA4.NE AUTHENTICATION Authenticated this _day of 20_ PRINTED NAME: TITLE: MEMBER STATE BAR OF WISCONSIN (If not, authorized by Sec 706.06, Wis Stats) (Signatures may be authenticated or acknowledged. Both are not necessary.) Document drafted by: Lynn Lorenson, City Attorney, Oshkosh, WI ACKNOWLEDGEMENT STATE OF WISCONSIN ) WINNEBAGO COUNTY ) Personally came before me this 0 day or:, m 20'Lo the above named GaL . RQE to me known to be the )-wlw uted the foregoing in acknowledge the same. otary P _County My Commission (is germane (expires) ?Qti fiS: 209U `,44444fff Oj PRY . G PUBS-� 2 /f <fsr9TE OF Pfff r144d�, RE: 719 GROVE STREET, OSHKOSH, WI FORGIVABLE LOAN PROMISSORY NOTE AND BORROWERS CERTIFICATIONS As an applicant for a loan to be financed with ONE Oshkosh funds through the City of Oshkosh, Department of Community Development, I hereby acknowledge and agree as follows: 1) I authorize the City of Oshkosh Code Enforcement Inspectors to inspect the property financed by this loan. 2) None of the proceeds of this loan will be used to finance any improvements undertaken prior to the date _of application approval. 3) I authorize the City of Oshkosh to make any and all documents pertaining to this loan available to the City of Oshkosh or its agents. 4) I certify that I have record title to or an equitable interest in the property to be purchased and occupy it on a permanent year-round basis. 5) I am aware that any false statement or misrepresentation made in connection with this loan may subject me to criminal and civil penalties under United States and Wisconsin law. 6) I agree to comply with the ONE Oshkosh Program requirements. 7) I accept from the City of Oshkosh, a forgivable loan in the amount of FIVE THOUSAND DOLLARS and NOII00 ($5,000.00) and agree that I will notify the City of Oshkosh upon the transfer of the property, which is secured by a mortgage of even date herewith, if it is transferred during the life of this lien, at which time the grant will be repaid based on the following table: PROPERTY SOLD WITHIN GRANT REPAYMENT 1 year 100% 1-2 years 80% 2-3 years 60% 3-4 years 40% -- 4-5years--20% I will notify the City of Oshkosh upon transfer of my property, if the property is transferred during the life of this mortgage, at which time the balance of this grant will become immediately due and payable to the City of Oshkosh. 8) The corresponding mortgage will cease and this promissory note will be void at the end of five (5) years -- - - -- — from the date of recording. (PLEASE NOTE THE SINGULAR I ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) This note is secured by mortgage on real estate of even date herewith Dated this V1& day of )n,A , 2020 GALL D.