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Home My WebLink AboutMortgage- 712 Grove StreetMORTGAGE momarot Nmeber ' Daeaaed Tine CITY OF OSHKOSH ONEOSHKOSHPROGRAM 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 tom in amount of FIVE THOUSAND DOLLARS and NO1100 ($5,000.00) for I purchase, of owner occupied residential real property which is eolnmol known as 712 Orove Street, Oshkosh, and legally described as being Winnebago County. State of Wisconsin: LOT 6, BLOCK 8, io O L MADISON'S N PARK ADDITION, 11a Ward, City ofO-hb winoebago Crary. wiwomin.. This is homestead property. This is a purchase money mortgage. DOC#1808086 NATALIE STROHMEYER REGISTER OF DEEDS WINNEBAGO COUNTY, WI RECORDED ON: O1/16/2020 03:14 PM RECORDING FEE: 30.00 PAGES: 2 •*The above recording information verifies that this document has heart electronically recorded and returned to the submitteraa Reeordb,g Arm Name add Renrn Addrem CityAnomeYa Omee Oablwb,w154903-1130 _911-0479-0000_ Parcel ldend8eadon Na. I eertifythat I haystitleto this property and thatthetitle is fm and clear of all enwmbrances, excepung only radam mns and easements of word, municipal and the zoning ordinances, current taxes and me,,menis not yet due and any encumbrance noted below: Fhrt mortifsp In First Centennial Mortgage Comoredov in the amavm af5128.561 d=d on or about 01/I342020. I will keep the mortgaged property free from any lien or encumbrance superior to the lien of this mortgage, except fm 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 seemed by this mortgage and conform with the terms of the B trower's Certification and this mortgage, then this mortgage will cease and the note (see Borrower's Certification) will be void. f will pay before they become delinquent all taxes and assessments which may be levied or assessed against this mortgage, the time 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. 1 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 dlemn when due. I will make sate 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 fomlosme expenses, including reasonable atmroey's fees, will also be added to the amount of the installment lean and become due as incurred, and in case ofjudgement, will be included therein, if fail to act atecardingto the terms and conditions of this mortgage ortheB mower's Certification for a period of more than fifteen (15) days, then the whole amount of the installment loan will, at the option ofthe 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 of otherwise. Unless otherwise required by law, the invalidity or unenforceabifity 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. 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 commoi known as 712 Grove Street, Oshkosh, and legally described as being Winnebago County, State of Wisconsin: LOT 6, BLOCK B, in G L MADISON'S N PARK ADDITION, I ith Ward, City of Winnebago County, Wisconsin.. Recording Area Name and Return Address City Attorney's Office Oshkosh, WI 54903-1130 This is homestead property. This is a purchase money mortgage. I _911-0479-0000_ 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 $128,561 dated on or about 01/15/2020. 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 attorney'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 "I" ALSO INCLUDES THE PLURAL "WE" IF THERE IS MORE THAN ONE SIGNATURE APPEARING BELOW) Dated this 44ay of , 12020 NICOLAS C. OLSEN *n'.OLSEN AUTHENTICATION ACKNOWLEDGEMENT Signature(s) ',J�GOBStONr'/�:i�STA ) EBA OCOUNTY P i ) Authenticated this day of 20 /��• Y 2 �V .Z� O a CPaonally came bef re me this #d y of 20 PRINTED NAME: �y above named ' TITLE: MEMBER STATE BAR OF WISCONSIN '4iSTq"E'0„ (If not, to me known to be the person(s) who executed the foregoing authorized by Sec 706.06, Wis Stats) insttumg9 and acla�atlge`e same. (Signatures may be authenticated or acknowledged. Both are not necessary) Document drafted by: Lynn Lorenson, City Attorney, Oshkosh, WI