HomeMy WebLinkAboutSubordination Agreement Jennifer and Scott Doemel RECEIVED 139E1
li OCT 0 6 2020
SUBORDINATION
Document Number AGREEMENTDOC# s �$ 'CLERK'S OFFICE
NATALIE ST OHMEYER
KNOW ALL MEN BY THESE PRESENTS THAT,WHEREAS, REGISTER OF DEEDS
on thejlth day of November 2019 WINNEBAGO COUNTY,WI
Jennifer L.Doemel and Scott A.Doemel RECORDED ON:
09/25/2020 10:40 AM
("Borrower"),executed a mortgage to City Of Oshkosh RECORDING FEE:30.00
PAGES: 1
("Lender"),to secure payment of Twenty-Five Thousand,Four Hundred **The above recording Information
and.00 verifies that this document has
Dollars($25,400.00 ),which mortgage was recorded in the been electronically recorded and
Office of the Register of Deeds for Winnebago County, returned to the submltter**
Wisconsin,on November 11th , 2019 ,as Document No.
1803394 (the"Original Mortgage")and conveyed the real estate
known as:
Recording Area
The Land referred to herein below is situated in the County of Name and Return Address
Winnebago,State of Wisconsin,and is described as
follows: G' err
Lot Nineteen(19)of Block Five(5)in LAKE VIEW PARK,in the 3 r C1,-r-4 r c. S� '
Fifteenth Ward,City of Oshkosh,Winnebago County, J
Wisconsin. ()Si. esSL I ,i L."
I cL
Tax Parcel No.915-1285-00-00
9/ /3 gs - be -mac
Parcel Identification Number(PM)
1621 Hickory St Oshkosh WI 54901
(hereinafter referred to as the"Property").
AND WHEREAS,on September 8`s , 2020 ,Borrower granted to Finance of America Mortgage
LLC
a mortgage on the Property to secure payment of Eighty-Five Thousand,Three Hundred and Ninety Six.00
Dollars($85,396.00 ),which mortgage will be recorded in the Office of the Register of Deeds for Winnebago
County,Wisconsin,on this date or shortly thereafter(the"Subsequent Mortgage").
WHEREAS,Lender has been requested to and has agreed to subordinate the lien of the Original Mortgage to the lien of the
Subsequent Mortgage.
NOW,THEREFORE,for a good and valuable consideration,Lender hereby agrees that the lien of the Original Mortgage is
subordinate and junior to the lien of the Subsequent Mortgage and that the lien of the Subsequent Mortgage shall also have a prior
right over the lien of the Original Mortgage to all awards and payments made as a result of the exercise of the right of eminent
domain against the Property,or any part,all rents,income or profits,all compensation received for the taking of the Property,or
any part,by condemnation proceedings,all compensation received as damages for injury to the Property,or any part,all proceeds
from insurance on improvements to Property,and all proceeds occurring as a result of foreclosure against the Property,including a
deed given in lieu of foreclosure.
lNi WITNESS WHEREOF,the said officers of Lender have hereunto set their hands and seals this 8TH day of
SEPTEMBER , 2020 .
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(MARK (0�HfLO�FF `CIT,Iy'ft"ry'ACER
•
By
PAMELA UBRIG, CITY CLERK
ACKNOWLEDGMENT
STATE OF 1TTC(Y1N$TN
as.
krTNjlE11A ) County)
Personally came before tee this 8TH day of SEPTEMBER , 2020 the above named
by MARK ROHT,OFFCTTY MANAGER AND PAMF.LA TIRRTG,CTT'Y CT,RRK •
to me known to be the person(s)who executed the foregoing instrument and aelmowletgg the same +;
J, p-
* 1
Jl Notary Public,State of W iS c�nsi '✓L Y My Commission is (If not,stale expiration date T '
Names olpersons signing in any capacity must be typed or printed below their signature.
SUBORDINATION AGREEM ENT
SUBORDINATION
Document Number AGREEMENT
KNOW ALL MEN BY THESE PRESENTS THAT, WHEREAS,
on the 11th day of November 2019 ,
Jennifer L.Doemel and Scott A.Doemel
("Borrower"),executed a mortgage to City Of Oshkosh
("Lender"),to secure payment of Twenty-Five Thousand,Four Hundred
and.00
Dollars($ 25,400.00 ),which mortgage was recorded in the
Office of the Register of Deeds for Winnebago County,
Wisconsin,on November 11th , 2019 , as Document No.
1803394 (the "Original Mortgage")and conveyed the real estate
known as:
Recording Area
The Land referred to herein below is situated in the County of Name and Return Address
Winnebago,State of Wisconsin,and is described as x 1 . c-�
follows: C-4 �
( ( ('--�'
Lot Nineteen(19)of Block Five(5)in LAKE VIEW PARK,in the C/-,c r
Fifteenth Ward,City of Oshkosh,Winnebago County,Wisconsin. S c
l�&i L= I -
Tax Parcel No.915-1285-00-00
I " / 3g5-- be _�Q
Parcel Identification Number(PIN)
1621 Hickory St Oshkosh WI 54901
(hereinafter referred to as the"Property").
AND WHEREAS,on September 8'h , 2020 ,Borrower granted to Finance of America Mortgage
LLC
a mortgage on the Property to secure payment of Eighty-Five Thousand,Three Hundred and Ninety-Six.00
Dollars($85,396.00 ),which mortgage will be recorded in the Office of the Register of Deeds for Winnebago
County,Wisconsin,on this date or shortly thereafter(the"Subsequent Mortgage").
WHEREAS,Lender has been requested to and has agreed to subordinate the lien of the Original Mortgage to the lien of the
Subsequent Mortgage.
NOW,THEREFORE,for a good and valuable consideration, Lender hereby agrees that the lien of the Original Mortgage is
subordinate and junior to the lien of the Subsequent Mortgage and that the lien of the Subsequent Mortgage shall also have a prior
right over the lien of the Original Mortgage to all awards and payments made as a result of the exercise of the right of eminent
domain against the Property,or any part,all rents, income or profits,all compensation received for the taking of the Property,or
any part,by condemnation proceedings,all compensation received as damages for injury to the Property, or any part,all proceeds
from insurance on improvements to Property,and all proceeds occurring as a result of foreclosure against the Property,including a
deed given in lieu of foreclosure.
IN WITNESS WHEREOF,the said officers of Lender have hereunto set their hands and seals this 8TH day of
SEPTEMBER , 2020 .
By: ./(/c�/�d
* MARK OHLOFF CIT. MAl`A ER
By:
* PAMELA UBRIG, CITY CLERK
ACKNOWLEDGMENT
STATE OF WTSCONSTN
)ss.