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HomeMy WebLinkAboutMortgage- 1341 Waugoo AveMORTGAGE ooadma.tntaew ' penpatTMe CITY OF OSHKOSH ONEOSHKOSHPROGRAM INSTALLMENT LOAN I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, 0 Municipal Corporation located in Winnebago County, Wisconain (mortgage lender), in consideration of my receiving an installment loan in t amount of FIVE THOUSAND DOLLARS and N01100 ($5,000.00) for t purchase, of owner occupied residential real property which is comma known as 1341 Waugoo Ave, Oshkosh, and legally described as being Winebago County, Slate of Wisconsin: LOT 3 in WEISBROD end HLTONS REPLAT, 2W Went, City of Odhkas4 WE -cab Cwoty. whas sa This is homestead property. This is a purchase money mortgage. DOC#1803420 NATALIE STROHMEYER REGISTER OF DEEDS WINNEBAGO COUNTY, WI RECORDED ON: 11/12/2019 09:04 AM RECORDING FEE: 30.00 PAGES: 3 •-The above recording Information verifies that this document has been electronically retarded and returned to the submitter— Raeordh,a Am Nameaad Retare Addren City Andmay's Omaa Oshkosh, W154903-1130 _90205710000_ Pend IdeodlieatGn No. I certify that have title to this property and that the title is free and clear of all encumbrances, excepting only restrictions and easements of retard, municipal and the zoning ordinances, current taxes and asusstnents not yet due and any encumbrance noted below: I will keep the mortgaged property free from any lien in encumbrance superior to the lien of this mortgage, except for those noted shove. I agree to this mortgage on a condition that, if pay to mortgage lender the full amount of the instalment loan secured by this mortgage Md conform with the terms of the B rro r' C rtificadan 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 attorneys fees, will also be added to the amount of the installment loan and become due as loomed, and in case ofjudlimmi, will be included therein. If fall to am according to the terms and conditions of this mortgage or the Burnowees Cerfificafigm for a period of more than fifteen (15) days, then the whole amount ofthe installment loan will, atthe option of the mortgage lender, become due and payable without notice. Under this circumstance, I hereby waive my right to notice. 1 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 arty provision ofthis 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 morgage is assigned. MORTGAGE ' Document Title Document Number CITY OF OSMOSH ONE OSHI{OSH PROGRAM INSTALLMENT LOAN e convey and warrant to the CITY OF OSHKOSH, a I hereby mortgage, . Winnebago County. Wisconsin ntl Municipal Corporation located in nfmy refor f (mortgage lender), in consideration of my receiving an installment loan or amount of FIVE THOUSAND DOLLARS and NO/100roperty N(h1chis 00.0oor purchase, of owner occupied ooAver Oshkosh, and-ential real legall described as being known as 1341 Wa Winnebago County, State of Wisconsin: LOT 3 in WEISBROD and OLTONS REPLAT, 2"a Ward. City of Oshkosh, Winnel County, Wisconsin. This is homestead property. This is a purchase money mortgage. Recording Area Name and Return Address City Attorney's Office Oshkosh, WI 54903-1130 _90205710000_ 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: 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 attorneys 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. RE: 1341 WAUGOO AVE, OSHKOSH, WI 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. le interest in the property to be purchased and occupy it on 4) I certify that I have record title to or an equitab 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 property, NO1100 ($5,000.00) and agree that I will notify the City of Oshkosh upon the transfer of thewhich 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: GRANT REPAYMENT PROPERTY SOLD WITHIN 100% 1 year 80% 1-2 years 60% 2-3 years 40% 3-4 years 20% 4-5 years 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 r day of N v 2019. A M M. SILVA ERA. SILVA 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 day of A)6ve n,4--" 2019 A13RAHAM M. SILVA AUTHENTICATION Authenticated this _day PRINTED NAME: TITLE: MEMBER STATE BAR OF WISCONSIN authorized by See 706.06, Wis Slats) (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 I I da of rl �,,, kA J 0 1 th above named j Dl'i t4 aloe, F. & Xi Mr — to me known to be the person(s) who executed the foregoing Rent acknowledgaEsU C myblic, My C U (is peom.Tent) ( ren2� LSTEIPHANIE SCHULTZ Notary Public ate of Wisconsin