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HomeMy WebLinkAbout1150 Jackson Street Forgivable Loan lull 1, 1 I Il �' � 3 7 8 6 8 8 9 1 3 Tx:4512951 MORTGAGE Document Number Document Title DOC# 1846359 NATALIE STROHMEYER CITY OF OSHKOSH REGISTEO C DEEDS ONE OSHKOSH PROGRAM WINNEBAGO COUNTY, WI FORGIVABLE LOAN RECORDED ON: 03/23/2021 11:35 AM RECORDING FEE: 30.00 I hereby mortgage,convey and warrant to the CITY OF OSHKOSH,a PAGES: 2 Municipal Corporation located in Winnebago County,Wisconsin RECEIVr (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 MAR 3 i 202i purchase, of owner occupied residential real property which is commonly known as 1150 Jackson Street, Oshkosh, and legally described as being in Recordinge-�a- Winnebago County, State of Wisconsin: Name andJttYA^LE R K'S OFFICE South 55 feet of West 120 feet of Lot 7 and North 20 Feet of West 120.5 Feet of Lot 8,Block City Attorney's Office 104,LEACH'S MAP,in the LOTH Ward,City of Oshkosh,Winnebago County,Wisconsin. Oshkosh,WI 54903-1130 This is homestead property. This is a purchase money mortgage. _910-0843-0000 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 Farmers State Bank in the amount of$132,000 dated on or about 03/17/2021. 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 nr PnfnrrPahility of any nthPr nrnvicinn R 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 17 day of , 2021 -A,/,761 .MABRY AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBAGO COUNTY ) Authenticated this day of 20_ Personally came before me tl�iis 11 day 2 1/ 20 a I PRINTED NAME: the above named J u e..—�j• f 1' w..4, 'y TITLE:MEMBER STATE BAR OF WISCONSIN (If not, to me known to be the person(s)who executed the foregoing authorized by Sec 706.06,Wis Stats) ins ment and acknowle t e same. • Notary Public, ( County My Commission(is permanent) expires) ) 20 a.. (Signatures may be authenticated or acknowledged.Both are not necessary.) ,,,,,,,n,nn„„,,,, tt 0 ;_ - sirT '. 48,A 111 SNdN � %# ,,,