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HomeMy WebLinkAboutMortgage Deferred Payment Loan 1602 Bowen Street 15-1096-0000 RECEIVED• • MORTGAGE MAR 14 2022 Document Number Document Title CITY CLERK'S OFFICE CITY OF OSHKOSH DOWN PAYMENT ASSISTANCE PROGRAMORK.:41NAL DOCUMENT DEFERRED PAYMENT LOAN simpive E-RECORDED as: Document No. I -7 3ci q , I hereby mortgage,convey and warrant to the CITY OF OSHKOSH, a Winnebago County Municipal Corporation located in Winnebago County,Wisconsin (mortgage lender), in consideration of my receiving a deferred payment loan Date: l - '"aa Time: 5?.a►-)ici-m in the amount of TEN THOUSAND DOLLARS and NO/100($10,000.00) as down payment assistance for the acquisition of the owner occupied residential real property which is commonly known as 1602 Bowen Street, Recording Area Oshkosh,and legally described as being in Winnebago County, State of Name and Return Address Wisconsin: City Attorney's Office Lot 6, Block 5, in LAABS PLAT, 15th Ward, City of Oshkosh, Winnebago County, Oshkosh,WI 54903-1130 Wisconsin 915-1096-0000 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 Habitat for Humanity of Oshkosh or its successors in the amount of$134,500 dated on or about 1/21/22. 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 the whole amount of the deferred payment 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 the work performed by any contractor on my property, MORTGAGE DOC# 1873999 Document Number Document Title NATALIE STROHMEYER REGISTER OF DEEDS CITY OF OSHKOSH WINNEBAGO COUNTY,WI DOWN PAYMENT ASSISTANCE PROGRAM RECORDED ON: DEFERRED PAYMENT LOAN 01/24/2022 08:27 AM RECORDING FEE: 30.00 PAGES: 2 I hereby mortgage,convey and warrant to the CITY OF OSHKOSH,a **The above recording information Municipal Corporation located in Winnebago County,Wisconsin verifies that this document has been electronically recorded and (mortgage lender),in consideration of my receiving a deferred payment loan returned to the submitter* in the amount of TEN THOUSAND DOLLARS and NO/100($10,000.00) as down payment assistance for the acquisition of the owner occupied residential real property which is commonly known as 1602 Bowen Street, Recording Area Oshkosh,and legally described as being in Winnebago County,State of Name and Return Address Wisconsin: City Attorney's Office Lot 6, Block 5, in LAABS PLAT, 15th Ward, City of Oshkosh, Winnebago County, Oshkosh,WI 54903-1130 Wisconsin 915-1096-0000 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 Habitat for Humanity of Oshkosh or its successors in the amount of$134,500 dated on or about 1/21/22. 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 the whole amount of the deferred payment 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 the work performed by any contractor on my property, whether paid for out of deferred payment loan funds or otherwise. Unless otherwise required by law,the invalidity or unenforceability 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. I shall not transfer, sell or conveyanylegal or equitable interest in the roe (bydeed, land contract, option, long- term g q property rtY p g 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 21st day of January _, 2022 (SEAL) ALYAA HASHIIM (SEAL) QAH AN ABDULLAH AUTHENTICATION ACKNOWLEDGEMENT Signature(s) STATE OF WISCONSIN ) WINNEBAGO COUNTY ) Authenticated this day of 20_ Personally came before me this?1 ct day of .Tanuar3t0 22 PRINTED NAME: the above named TITLE:MEMBER STATE BAR OF WISCONSIN Alyaa Hashiim and Qahtan Abdulah (If not, L me known to be the person(s)who executed the foregoing authorized by Sec 706.06,Wis Stats) IL :1 d acknowledge i : e. ` , Notary Pub ic, WinnebagoT County . My Commission(is permanent)(expires) ,,,,,,,,,,,�,3 ,7/ 20 24 (Signatures may be authenticated or acknowledged.Both •��`0)14. F ✓", are not necessary.) -' co NOS E m t \I 73 T. -t\ e ONSIN 'III/I/1111/111\\\\\\