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HomeMy WebLinkAbout446 Bowen Street I Nil mil I 38?5-1 8 6 8 4 0 8 1 RECEIVED Tx:4509125 MORTGAGE DOC# 1844907 MAR2021 NATALIE STROHMEYER Document Number Document Title REGISTER OF DEEDS CITY CLERK'S OF =ICE WINNEBAGO COUNTY,WI CITY OF OSHKOSH RECORDED ON: ONE OSHKOSH PROGRAM 03/08/2021 09:58 AM FORGIVABLE LOAN RECORDING FEE: 30.00 PAGES: 2 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 446 Bowen Street, Oshkosh, and legally described as being in Recording Area Cir.N a r e Winnebago County, State of Wisconsin: Name and Return Address South 50 feet of North 100 feet of West 120 feet of Lot 10,Block 37,EVANS ADDITION,in City Attorney's Office the 11TH Ward,City of Oshkosh,Winnebago County,Wisconsin. Oshkosh,WI 54903-1130 This is homestead property. This is a purchase money mortgage. _911-0059-0000 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 United Wholesale Mortgage,LLC in the amount of$131,302 dated on or about 02/26/2021. 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 validity nr anfnrraahility of am/nthar nrnvicinn • 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) 1 Dated this (2 '- day of � o-r , 202V) • COB D. ,j4Z L6 77-rj6 DANIELLE P.ZINSLI nJ AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBAGO COUNTY ) Authenticated this day of 20 Personally came before me this2l! day of n'20 21 PRINTED NAME: S 3�rabo1vee na �ed 1(; B-7, I C TITLE:MEMBER STATE BAR OF WISCONSIN k.AW V U. i • (If not, to me known to be the person(s)who executed the foregoing authorized by Sec 706.06,Wis Stats) i tru e c wledge the same. Notary Public, cletyrSitteetinty 20es) (Signatures may be authenticated or acknowledged.Both 00 1111w/0i are not necessary.) \\.\` H E R 7- NiP . NOTARY PUBLIC 2; F • N--�