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HomeMy WebLinkAboutMortgage 1008 Grand Street 10-0878-0000 I gillI 19o7a MORTGAGE 8 Tx44556624 DOC# 1862032 Document Number Document Title NATALIE STROHMEYER REGISTER OF DEEDS CITY OF OSHKOSH WINNEBAGO COUNTY, WI RESIDENTIAL REHABILITATION PROGRAM RECORDED ON: DEFERRED PAYMENT LOAN 09/02/2021 09:52 AM RECORDING FEE: 30.00 PAGES: 2 I hereby mortgage, convey and warrant to the CITY OF OSHKOSH, a RECEIVED Municipal Corporation located in Winnebago County,Wisconsin (mortgage lender), in consideration of my receiving a deferred payment loan SEP 13 2021 in the amount of EIGHT THOUSAND SIX HUNDRED EIGHTY DOLLARS and NO/100 ($8,680.00)for the rehabilitation, preservation and CITY CLERK'S OFFICE enhancement of owner occupied residential real property which is Recording Area commonly known as 1008 Grand Street, Oshkosh, and legally described as Name and Return Address being in Winnebago County, State of Wisconsin: City Attorney's Office Lot 26 and the South 24 feet of Lots 22, 23, &25, in FULLER'S ADDITION, 10th Ward, Oshkosh,WI 54903-1130 City of Oshkosh,Winnebago County,Wisconsin 910-0878-0000 Parcel Identification No. This is homestead property. This is not a purchase money mortgage. 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$98,188 and recorded in Register of Deeds office on 10/5/20 as Doc.No. 1830380. Second mortgage to WHEDA in the amount of$3,500 and recorded in Register of Deeds office on 10/5/20 as Doc.No. 1830382. 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 tre whole amount of the deferred payment loan will, arthe option of the mortgage - - — lender, become due and payable without notice. Under this circumstance, I hereby waive my right to notice. 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 .$ day of Vat, , 2021 (SEAL) KENDRA L. KLAWITTER (SEAL) AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBAGO COUNTY ) - Authenticated this day of 20 -- Personally came before me this /g day of 37i..c 20 / PRINTED NAME: the above named 1z pt.e/fq G . Ala wi Her 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) instrument and acknowledge the same. "frtc/4 Notary Public, L )i, 0 County My Commission(+ (expires) 27 2025 (Signatures may be authenticated or acknowledged.Both are not necessary.)