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Home My WebLink About629 Waugoo Avenue Forgivable Loan RECEIVED SEP 14 2020 CITY CLERK'S OFFICE MORTGAGE DOC# 1827161 NATALIE STROHMEYER Document Number Document Title REGISTER OF DEEDS CITY OF OSHKOSH WINNEBAGO COUNTY,WI ONE OSHKOSH PROGRAM RECORDED ON: FORGIVABLE LOAN RECORDING EE: 3 PM RECORDING FEE: 30.00 PAGES: 3 • The above I hereby mortgage,convey and warrant to the CITY OF OSHKOSH,a recordinginformation verifies that this document has Municipal Corporation located in Winnebago County,Wisconsin been electronically recorded and (mortgage lender),in consideration of my receiving an installment loan in M. returned to the submitter'* amount of FIVE THOUSAND DOLLARS and NO/100($5,000.00)for th- purchase, of owner occupied residential real property which is commonly known as 629 Waugoo Avenue,Oshkosh,and legally described as being i Recording Area Winnebago County,State of Wisconsin: Name and Recurs Address West 35 feet of Lot 19 and Fast 24 feet of Lot 20,Block G,2ND ADDITION,lathe 2N°War.I City Attorney's Office City of Oshkosh,Winnebago County,Wisconsin. Oshkosh,WI 54903-1130 LEGAL DESCRIPTION ATTACHED EXIBIT A �— This is homestead property, This is a purchase money mortgage. _902-0199-000 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 Wells Fargo Bank,N.A.in the amount of S128,250 dated on or about 09/01/2020. L 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 attontey'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 tmenforceability 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. Document Number MORTGAGEDocument Title CITY OF OSHKOSH ONE OSHKOSH PROGRAM FORGIVABLE 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 the amount of FIVE THOUSAND DOLLARS and NO/100 ($5,000.00) for the purchase, of owner occupied residential real property which is commonly known as 629 Waugoo Avenue, Oshkosh, and legally described as being in Recording Area Winnebago County, State of Wisconsin: Name and Return Address West 35 feet of Lot 19 and East 24 feet of Lot 20,Block G,2t'1D ADDITION,in the 21m Ward, City Attorney's Office City of Oshkosh,Winnebago County,Wisconsin. Oshkosh,WI 54903-1130 LEGAL DESCRIPTION ATTACHED EXIBIT A This is homestead property. This is a purchase money mortgage. _902-0199-0000 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 Wells Fargo Bank,N.A.in the amount of$128,250 dated on or about 09/01/2020. 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 _._1:ALA-. --,._.t..,.....L.:1:a....F nnv n41,nr r.rnvicinn 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 of G rZZ , 2020 JORD T. RA AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBAGO COUNTY ) Authenticated this day of 20 Personally came before me this day of . ► r PRINTED NAME: the above named Jdr A G.n T Ct cJ TITLE:MEMBER STATE BAR OF WISCONSIN (If not, ( _Z to me own to be the person(s)who executed the foregoing t� IE SGHULi authorized by Slit706.06,Vv in t and ac wledge the N0 ary Public State of Wisconsin y Public, L Coun i , " d' '" ". My Co i n(is perrniane t)(e ires) 2 (Signatures may be authenticated or acknowledged.Both are not necessary.) EXHIBIT "A" Property Description Closing Date: September 1, 2020 Buyer(s): Jordan T. Gray Property Address: 629 Waugoo Avenue, Oshkosh,WI 54901 PROPERTY DESCRIPTION: The Westerly Thirty-five (35)feet of Lot Nineteen(19) and the Easterly Twenty-four(24)feet of Lot Twenty(20), all in Block"G" in SECOND ADDITION TO OSHKOSH, in the Second Ward, City of Oshkosh,Winnebago County, Wisconsin. Tax Parcel No. 902-0199-00-00 PROPERTY DESCRIPTION File No.:2020-15451-2 Page 1 of 1