HomeMy WebLinkAbout1116 Garfield Street Hei 9
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MORTGAGE DO4445178 Z641
Document Number Document Title NATALIE STROHMEYER
REGISTER OF DEEDS
CITY OF OSHKOSH WINNEBAGO COUNTY,WI
RECORDED ON:
RESIDENTIAL REHABILITATION PROGRAM 10/26/2020 11:28 AM
DEFERRED PAYMENT LOAN RECORDING FEE: 30.00
PAGES: 3
I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a •
Municipal Corporation located in Winnebago County, Wisconsin RECEIVED
(mortgage lender), in consideration of my receiving a deferred payment loan
in the amount of TEN THOUSAND THREE HUNDRED FORTY FIVE OCT 3 0 2020
DOLLARS and NO/100($10,345.00)for the rehabilitation,preservation and
enhancement of owner occupied residential real property which is Recording ArG ITY CLERK'S OFFICE
commonly known as 1116 Garfield Street, Oshkosh,and legally described Name and Return Address
as being in Winnebago County, State of Wisconsin:
City Attorney's Office
Lot 47,in CITY'S REPLAT NO. 1,5th Ward,City of Oshkosh ; ,Oshkosh,Wl 4903-1L30 1
It ,� a.F n
905-0303-0000
This is homestead property. This is not a purchase money mortgage. 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 WHEDA in the amount of$56,800 and recorded in Register of Deeds office on 11/5/18 as Doc.No. 1778771.
Owner-Occupied Retention Agreement to Waterstone Bank in the amount of$6,000 and recorded in Register of Deeds office on 11/2/18 as
Doc.No. 1778701.
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 deferred payment 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 deferred payment 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 deferred payment 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 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 day ofaiida"5.e.r, 2020
(SEAL)
HEATHER N. OLSAN
(SEAL)
AUTHENTICATION ACKNOWLEDGEMENT
Signature(s) STATE OF U)1SC Oyu)Yl )
U i r n.2toQQ COUNTY )
Authenticated this day of 20 �J
Personally came before me this lOtia day of 20 Z0
PRINTED NAME: the above named 14 Q,& 1-Qy J J. 0 i S an
TITLE:MEMBER STATE BAR OF
(If not, to me known to be the person(s)who executed the foregoing
authorized by ) instrument and acknowledge the same.
OM,id
Notary Public, State of A) 5 C0Y1.5►'1
My Commission(i permanent)(expires)
5tptcembex{a204
(Signatures may be authenticated or acknowledged.Both
are not necessary.)
e
,
f.
RE: 1116 GARFIELD STREET, OSHKOSH, WI
DEFERRED PAYMENT PROMISSORY NOTE AND BORROWERS CERTIFICATIONS
As an applicant for a loan to be financed by the City of Oshkosh Housing Improvement Program, I hereby
acknowledge and agree as follows:
1) I authorize the City of Oshkosh Code Enforcement Inspectors to inspect the work 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 all documents pertaining to this loan available to the
Department of Housing and Urban Development,the City of Oshkosh or their agents.
4) I certify that I have record title to or an equitable interest in the property to be improved 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) On or before the sale or transfer of property which is secured by a mortgage of even date herewith,for
value received,the undersigned, (their)heirs, executors, administrators, and successors, or if this property should
cease to be occupied by the undersigned,jointly and severally promise to pay to the order of the City of Oshkosh,
Winnebago County, Wisconsin,at the office of the Department of Community Development,City Hall, 215
Church Avenue, Oshkosh,Wisconsin,the principal sum of TEN THOUSAND THREE HUNDRED FORTY
FIVE DOLLARS and NO/100 ($10,345.00).
7) I agree to provide my household income information to staff of the Department of Community
Development upon request so long as the mortgage securing the City's Rehabilitation Loan is in effect. If my
household income is ever higher than 80 percent of the HUD median income guidelines for a given year, I further
agree to negotiate a loan repayment schedule with the staff of the Department of Community Development. This
payment shall be at a level such that my total housing related payments do not exceed 30 percent of my gross
household income. I understand that when I reach the age of 62,this provision does not apply.
8) I will notify the City of Oshkosh Department of Community Development,215 Church Avenue,P.O. Box
1130, Oshkosh, Wisconsin 54903-1130 UPON THE TRANSFER OF THE PROPERTY OR WHEN IT CEASES
TO BE MY PRINCIPAL PLACE OF RESIDENCE.
(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.
Nb 344,?-1113
b. °
Dated this day of ,2020.
°Witt—so/04'
HEATHER N. OLSAN