HomeMy WebLinkAboutGrant-Property Title LeinPROPERTY TITLE LEIN
State of Wisconsin Lead Grant Program
As an applicant for a grant from the City of Oshkosh through the Wisconsin
Division of Health, Deparment of Administration I hereby acknowledge and
Agree as follows.
Thc proposed improvements'listed in the specifications
Accurately describe how all the proceeds of the grant will
Be used.
I authorize the City of Oshkosh Code Enforcement Inspectors,
The State of Wisconsin Division of Health and the
Department Of Community Development Licansed Lead
Paint Risk Assessor to inspect the work financed by this
grant.
None of the proceeds of this loan will be used to finance any
improvements undertaken prior to the date of application
approval.
Parcel Ident/fication
I authorize thc City of Oshkosh to make any all documents pertaining
to this loan available to thc Department of Housing and Urban
Development, thc State of Wisconsin Division of Health, the City of Oshkosh or their agents.
I certify that I have record title to or an equitable interest in the property to be improved and occupy it on a
permanent year-round basis.
I am aware that any false statement or m/srepresentation made in connection with this loan may subject me to
criminal and civil penalties under United States and Wisconsin law.
Thc City of Oshkosh may consent to early satisfaction of this grant. Such consent will not be unreasonably
withheld.
I accept from the City of Oshkosh a forgivable loan/grant in the amount of Two Thousand, Two Hundred and
Ninety Nine and no/100 ($2,299.00), and agree that I will notify the City of Oshkosh upon the transfer of the
property identified below if it is transferred during the life of this lien, at which time the grant will be repaid based
on the following table:
OWNER LrNIT SOLD WITHIN
OR2~.NT REPAY1VIENT
1-2 years 100%
3-4 years 800,4
4 years 60%
5 years 50%
6-8 years 40%
9-10 years 20%
More than 10 years 0 %
I will notify the City of Oshkosh upon the transfer of my property, ifthe property is transferred during the life of this
mortgage, at which time the balance of this grant will become immediately due and payable to the City of Oshkosh.
10. I grant to the City of Oshkosh and the City of Oshkosh hereby has, a mortgage on the real estate described below in
the full amount necessary to satisfy my repayment obligation for the payment here made and for any subsequent
payments made, and the cost, including reasonable attorney(s) fees, of cofiecting the same. The real'estate subject
to this mortgage is situated in Winnebago county in the State of Wisconsin and is legally described as follows:
Citys Peplat Lot four block one of the 1 1 ta Ward in the City of Oshkosh, Winnebago County WI
ll.
If any of the provisions of this promissory note, the corresponding mortgage note, or any of the attached
specifications or other documents completed by me, are violated by me, or ifI am not in compliance with any of
these provisions, then I agree to repay to the City of Oshkosh all amounts granted immediately upon demand.
The corresponding mortgage will cease and this promissory note will he void at the end often
(10) years from the date of recording.
(PLEASE NOTE THE SINGULAR 'T' ALSO INCLUDES THE PLURAL "VCE" IF THERE IS MORE THAN ONE
SIGNATURE APPEARING BELOV0
This note is secured by mortgage on real estate of cyan date hero'with.
Datedthis ~/) dayof /~'~2ff/~/~// ,2~.$
R/CILARD AB P. AHAIViS ON
KELLIE ABRA}IAIViSON
This document was drafted by:
WARREN P. KRAFT
City Attomey
City of Oshkosh, WI
ACKNOWLEDGEMENT
STATE OF WISCONSIN )
WINNEBAGO COLrNTY ) - .d a
Personally came before m~ this,~_/~Z' day of~ ~
2~0 ~ the aboven~ed~/~d ~. ~ ~ ,'~ ~~%~
to me known to be the person(s) who executed the foregoing
instrument and acknowledged the same.
Notary Public, ~d JA)g.~-~)/c?~ County
My Commission Ekpires: ~'-~/~ - 0:~